Exemption from CS foundation. You may get exemption from all subjects of CS foundation course. CS Institute has prescribed various qualifications on the basis of which you will be exempted from CS Foundation Programme. If you have passed the entrance exam i.e. foundation exam of the Institute of Chartered Accountants of India (ICAI) or the Institute of Cost Accountants of India [ICAI(Cost)] then you are eligible to take direct entry in Executive Programme of the Institute of Company Secretaries of India (ICSI).
In addition to the students having graduation degree i.e. B.A. / B. Sc. / B. Com / Graduates of any discipline (excluding Fine Arts), other students can also join CS executive course. Any applicants who have passed Foundation course of CA Institute or CMA Institute (erstwhile ICWAI) may now get direct admission in Executive Programme of ICSI. There is no need to pass CA/CMA final exam to take direct registration in CS Executive Programme.
In other words, student who has passed the CA Foundation Course of ICAI / Foundation Program passed of ICAI-CMA is also eligible to take admission in CS Executive Programme.
Further, the CS Institute has also relaxed candidates who have passed in the examination conducted by any other accountancy institution in India or abroad recognised as equivalent of CA Foundation by the Council of the ICSI are exempted from passing the Foundation Programme examination. Such students may directly seek registration to Executive Programme stage of CS Course.
Therefore, all graduates, post graduates and qualified Foundation exam CA/CMA Institute or other recognised accountancy institution in India or abroad are exempted from passing the Foundation Programme examination. Such students may directly seek registration to Executive Programme stage of CS Course.
CS Foundation Programme Exemption in 2019
A candidate possessing any of the following qualifications is eligible for exemption from passing the Foundation Programme examination:
- A degree/graduation in any discipline (other than Fine Arts); or
- A master degree in any discipline (other than Fine Arts);
- Pass in the Foundation examination of the Institute of Cost Accountants of India (ICAI-CMA); or
- Qualified CA Foundation Course conducted by the Institute of Chartered Accountants of India (ICAI); or
- Any qualification from an Accountancy Institution in India or abroad recognized as equivalent to CA Foundation by the Council of ICSI.
A non-commerce candidate get additional study materials of Foundation Programme. Do self-study and acquire the basic knowledge of the related subjects of Foundation course.
To appear in Dec 2019 Exam:
Admission to the CS course is open throughout the year. Note that 28th February, 2019 is the last date for seeking admission for appearing in all modules in December 2019 term of CS Executive Examination. However, the last date for acceptance of applications for admission to Executive Programme for appearing in anyone module in Dec 2019 Examination is 31st May, 2019.
To appear in June 2020 Exam:
Whereas, you have to take admission latest by 31st August, 2019 (31.08.2019) for appearing in all modules in CS Executive June 2020 Examination. The last date for acceptance of applications for admission to Executive Programme for appearing in anyone module in June 2019 Examination is 30th November, 2019.
Did you know? The Company Law Board (CLB) started a course in Company Secretaryship in the year of 1960. After completion of 8 successful years, the Government promoted ICSI on 4th October, 1968. Promotion was done under section 25 of the Companies Act, 1956 for taking over from the Government of India to conduct the Company Secretaryship examination.
The CS Institute has since been converted into a statutory body w.e.f. 1st January, 1981 under the Company Secretaries Act, 1980 to develop and regulate the profession of Company Secretaries in India. The number of current CS students is more than 5,00,000 and the number of current Company Secretaries is over 53,000 including over 10,000 members holding certificate of practice.
After qualifying the Executive and Professional Examination students are required to undergo Practical and Modular Training to become qualified Company Secretaries. In accordance with the provisions of clause (24) of the Companies Act, 2013, “company secretary” or “secretary” means a company secretary as defined in clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, 1980 who is appointed by a company to perform the functions of a company secretary under this Act.
A company having paid-up share capital of ₹5 Crore or more is compulsorily required to appoint a whole-time Company Secretary. Refer the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2014 vide G.S.R. 390(E), dated 09-06-2014. Did you know? Every listed company in India must have a whole-time company secretary.