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Nov 2017

Modified Switchover Scheme for Professional Programme 2007 (Old) Syllabus – FAQ

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FAQ on the Modified Switchover Scheme for Professional Programme 2007 (Old) Syllabus to Professional Programme 2012(New) Syllabus as announced by the Institute on 17.09.2016

Question 1. Please clarify which students are covered under the modified switchover Scheme announced by the Institute on 17.09.20 16?

Ans. : All students registered in Professional Programme 2007 (Old) Syllabus who shall be switching over or have already switched over to 2012 (New) Syllabus shall be covered under the modified switchover Scheme announced by the Institute.

Question 2.. Please clarify whether the Professional Programme 2007 (Old) Syllabus students shall be allowed further attempts under the 2007 (Old) Syllabus?

Ans. : No. All Professional Programme 2007 (Old) Syllabus Students shall be required to compulsorily switchover to Professional Programme 2012 (New) Syllabus from December, 2016 Session and no further examinations will be conducted under Professional Programme 2007 (Old) Syllabus.

Question 3. What are the steps to be taken by me now?

Ans. : You will have to use the online portal and use the switchover option from the dropdown Menu. Thereafter, you have to enroll for December, 2016 Session of Examinations in Professional Programme 2012 (New) Syllabus. In case you directly try to enroll, the system will automatically prompt you to submit the switchover request. After enrollment, you have to wait till the middle of October, 2016 for updated status of paper-wise exemptions in your Online Account as well as under the Preliminary Examination Enrollment Status on the website.

Question 4. Please clarify whether all Professional Programme 2007 (Old) Syllabus students who shall be switching over or have already switched over to Professional Programme (New) Syllabus shall be eligible for exemption from the paper “Information Technology and Systems Audit” paper under Professional Programme 2012 (New) Syllabus?

Ans. : Yes. All 2007 Syllabus Students switching over or have already switched over to Professional Programme 2012 (New) Syllabus shall be granted exemption in “Information Technology and Systems Audit Paper”. In other words, all students registered under Professional Programme 2007 (Old) Syllabus and already switched over to Professional Programme 2012 (New) Syllabus at any point of time shall be eligible for this exemption. Such students shall be eligible for exemption in the said paper even if they have already appeared in the examinations under Professional Programme 2012 (New) Syllabus.

Question 5. Please clarify whether all Professional Programme 2007 (Old) Syllabus who have passed or having exemption in “Strategic Management, Alliances and International Trade” who shall be switching over or have already switched over shall be eligible for exemption from the Elective Paper under Module-3 under 2012 (New) Syllabus)?

Ans. : Yes. All those Students who have passed the “Strategic Management, Alliances and International Trade” paper under Professional Programme 2007 (Old) Syllabus shall be granted exemption in the Elective Paper under Module-3 of Professional Programme 2012 (New) Syllabus.

Question 6. What is the meaning of the word ‘cleared/exempted’ in the announcement?

Ans. : A student who has passed Module-3 under Professional Programme 2007(Old) Syllabus or is having an exemption in the paper “Strategic Management, Alliances and International Trade” on the basis of 60% Mark Criteria shall be eligible for exemption from the Elective Paper under Module-3 of Professional Programme 2012(New) Syllabus. The exemptions based on 60% Marks Criteria in any previous examinations is automatically reflected in the Online Student Account. If this exemption is reflected in Strategic Management, Alliances and International Trade paper, it will automatically convert itself to the Elective Paper after 10th October, 2016 in case you switchover now.

Question 7. The announcement on switchover and the exemptions in Information Technology and Systems Audit paper and Elective Paper on the basis of passing Strategic Management, Alliances and International Trade are for one time (December, 2016 Session) or perpetual ?

Ans. : Exemptions so granted as per the decision of the Institute are perpetual in nature till the time Student himself cancels this benefit.

Question 8. I do NOT desire to claim the exemptions as above. What should be done in such cases?

Ans. : Please submit a formal request for cancellation of such exemptions at exemption@icsi.edu for necessary action at the end of the Institute. The exemptions so cancelled shall not be reversed under any circumstances.

Question 9. I desire to change the Combination of Modules based on the modified switchover scheme as announced?

Ans. : In case the change of the Combination is directly based on the modified switchover scheme announcement, you shall have to submit additional fees or ask for refund, as the case may be, at our E-Mail id enroll@icsi.edu on or before the 10thOctober, 2016.

Question 10. Please clarify from which examination session the proposed exemptions shall be applicable?

Ans. : These exemptions shall come into force with effect from CS December, 2016 Session of Examinations onwards.

Question 11. Please clarify from which date the proposed exemptions shall be granted and will be reflected in the online account of the students?

Ans. : The exemptions to the eligible students shall be granted after 10th October, 2016 (which is the last date for enrollment to December, 2016 Session of Examination).

Question 12. After switchover to the 2012 (New) Syllabus, I will be left with two / three / four papers spread across different modules. Shall I be eligible to get the benefit of aggregate marks by adding the marks scored by me in papers under different modules?

Ans. : Students who shall be enrolling and appearing in ALL the remaining papers / modules under 2012 (New) Syllabus after switchover, shall be eligible to get the benefit of aggregate marks by adding the marks scored by them in papers under different modules. For instance, if a student is required to pass three papers under 2012(New) Syllabus under three different modules and if he scores 45, 46 and 59 Marks each in the said papers shall pass the examinations on the basis of scoring 50% aggregate marks across modules and minimum 40% marks in each paper, if appears in all such remaining papers on switchover, in one sitting

Question 13. When shall the refund of examination fee, if any, shall be processed? Do I have to claim the refund ?

Ans. : The refunds, if any, of excess examination fee after implementing the modified switchover scheme shall be processed after the December, 2016 Session of Examinations. Yes, you shall submit a formal request at enroll@icsi.edu for refund of the excess amount, if any.

Question 14. I have cleared Strategic Management, Alliances and International Trade paper under 2007(Old) Syllabus and would be exempted in Elective Subject under 2012(New Syllabus). During switchover which Elective Subject should I choose?

Ans. : You may choose any Elective Subject which will be deemed as exempted as and when the exemptions as per the modified switchover scheme are incorporated in the system in the middle of October, 2016.

Question 15. Should I wait for the exemptions as per the modified switchover scheme to be incorporated or enrolled immediately?

Ans. : You should enroll on an immediate basis by the stipulated dates i.e. 25th September, 2016 without late fee. The refund after the incorporation of the exemptions as per the modified switchover scheme shall be made to you thereafter.

Question 16. I have passed Module-I of the Professional Programme 2007(Old) Syllabus comprising of two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following six papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination.

Modules under Professional Programme 2012 (New) Syllabus Subject(s) to be passed
Module I i)ii) Secretarial Audit, compliance Management and Due Diligence.Corporate Restructuring, Valuation and Insolvency.
Module II iii)iv) Financial, Treasury and Forex ManagementEthics, Governance and Sustainability
Module III v)vi) Advanced Tax Laws and PracticeElective Paper

Question 17. I have passed Module – II of the Professional Programme 2007(Old) Syllabus comprising of two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following six papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i)ii) Advanced Company Law and PracticeSecretarial Audit, compliance Management and Due Diligence.
Module II iii) Ethics, Governance and Sustainability
Module III iv)v)

vi)

Advanced Tax Laws and PracticeDrafting, Appearances and Pleadings

Elective Paper

Question 18. I have passed Module – III of the Professional Programme 2007(Old) Syllabus comprising of two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. You will have to appear in the following six papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i)ii)

iii)

Advanced Company Law and PracticeSecretarial Audit, compliance Management and Due Diligence.

Corporate Restructuring, Valuation and Insolvency

Module II iv)v) Financial, Treasury and Forex ManagementEthics, Governance and Sustainability
Module III vi) Drafting, Appearances and Pleadings

Question 19. I have passed Module – IV of the Professional Programme 2007(Old) Syllabus comprising of two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. You will have to appear in the following six papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i)ii) Advanced Company Law and PracticeCorporate Restructuring, Valuation and Insolvency
Module II iii) Financial, Treasury and Forex Management
Module III iv)v)

vi)

Advanced Tax Laws & PracticeDrafting, Appearances and Pleadings

Elective Paper

Question 20. I have passed Module – I & Module – II of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. You will have to appear in the following Four papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i) Secretarial Audit, compliance Management and Due Diligence.
Module II ii) Ethics, Governance and Sustainability
Module III iii)iv) Advance Tax Laws & PracticeElective Paper

Question 21. I have passed Module – I & Module – III of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. You will have to appear in the following Four papers spread in two Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i)ii) Secretarial Audit, compliance Management and Due Diligence.Corporate Restructuring, Valuation and Insolvency
Module II iii)iv) Financial, Treasury and Forex Management Ethics, Governance and Sustainability

Question 22. I have passed Module – I & Module – IV of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following Four papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i) Corporate Restructuring, Valuation and Insolvency
Module II ii) Financial, Treasury and Forex Management
Module III iii)iv) Advance Tax Laws & PracticeElective Paper

Question 23. I have passed Module – II & Module – III of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following Four papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i)ii) Advanced Company Law and PracticeSecretarial Audit, compliance Management and Due Diligence.
Module II iii) Ethics, Governance and Sustainability
Module III iv) Drafting, Appearances and Pleadings

Question 24. I have passed Module II & Module IV of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following Four papers spread in Two Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i) Advanced Company Law and Practice
Module III ii)iii)

iv)

Advanced Tax Laws & PracticeDrafting, Appearances and Pleadings

Elective Paper

Question 25. I have passed Module III & Module IV of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following Four papers spread in three Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i)ii) Advance Company Law and PracticeCorporate Restructuring, Valuation and Insolvency
Module II iii) Financial, Treasury and Forex Management
Module III iv) Drafting, Appearances and Pleadings

Question 26 I am left with Module I only of the Professional Programme 2007(Old) Syllabus comprising of Two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following Two papers spread in Two Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New)
Syllabus
Paper(s) to be passed
Module I i) Advanced Company Law and Practice
Module III ii) Drafting, Appearances and Pleadings

Question 27. I am left with Module II onlyof the Professional Programme 2007(Old) Syllabus comprising of Two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following Two papers spread in Two Modules under the Professional Programme 2012 (New) Syllabus to complete the Final Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i) Corporate Restructuring, Valuation and Insolvency
Module II ii) Financial, Treasury and Forex Management

Question 28. I am left with Module III only of the Professional Programme 2007(Old) Syllabus comprising of Two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following TWO papers under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module III i)ii) Advanced Tax Laws & PracticeElective Paper

Question 29. I am left with Module IV only of the Professional Programme 2007(Old) Syllabus comprising of Two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will have to appear in the following Two papers spread in two Modules under the Professional Programme 2012 (New) Syllabus to complete the Professional Programme Examination:

Modules under Professional Programme 2012 (New) Syllabus Paper(s) to be passed
Module I i) Secretarial Audit, compliance Management and Due Diligence.
Module II ii) Ethics, Governance and Sustainability

Question 30. What will be the modified scheme of corresponding exemptions after switchover from 2007(Old) Syllabus to 2012(New) Syllabus?

Ans. :

Paper Passed Under Professional Programme 2007 (Old) Syllabus Exemption allowed in the Corresponding Paper Under Professional Programme 2012 (New) Syllabus as per the modified switchover scheme
Company Secretarial Practice Advanced Company Law and Practice
Drafting, Appearances and Pleadings Drafting, Appearances and Pleadings
Financial, Treasury and Forex
Management
Financial, Treasury and Forex
Management
Corporate Restructuring & Insolvency Corporate Restructuring, Valuation and Insolvency
Strategic Management, Alliances &
International Trade
Elective Paper under Module-3
Advanced Tax Laws and Practice Advanced Tax Laws and Practice
Due Diligence and Corporate
Compliance Management
Secretarial Audit, Compliance
Management and Due Diligence
Governance, Business Ethics and
Sustainability
Ethics, Governance and Sustainability
Information Technology and Systems Audit (*)

(*) All Students switching over from Professional Programme 2007 (Old) Syllabus to Professional Programme 2012 (New) Syllabus or have already switched over from Professional Programme 2007(Old) Syllabus to Professional Programme 2012(New) Syllabus shall be eligible for exemption in “Information Technology and Systems Audit” paper under the Professional Programme 2012(New) Syllabus.

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