CS Articleship or CS 15 Months Training or CS internship as designated by its signature, is essential Period for shine the carrier of the company secretary. There is a lot of confusion about amongst student about case 15 months training. Today one of our readers had asked the question about an exemption From CS 15 months article ship. I know most of the students have those queries.
So I commence from the opening.
Eligibility for CS 15 Months Training:
Students are eligible to commence 15 months training after passing the Executive Programme examination and completion of 8 days Executive Development Programme(EDP)either:
(i) With a company having minimum paid up share capital of Rupees fifty lakhs; or
(ii) With a Company Secretary in Practice; or
(iii) With Ministry of Corporate Affairs, Registrar of Companies, Regional Directors, Official Liquidator, Banks, Law Firms, Consultancy Firms, Financial Institutions, LLPs, Government Bodies & Departments, PSU.
Companies, Company Secretaries in Practice, and other organizations are required to be registered with the Institute for imparting training.
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It is mandatory for a student to undergo CS 15-month Training(which is now 1 year for CS Professional passed student under Modified Training Structure).The student can be exempt from availing 15 months training (but in actual only 12 months are exempted,3 months training must have to be done by even after claiming exemption, so be clear in that case) if he/she has fulfilled certain condition prescribed by icsi.
Exemption from undergoing 15 months training can only be claimed on the basis of possessing work experience after passing the Final/Professional Programme Examination provided the student fulfills the requirements of Chapter VII of the Company Secretaries Regulations, 1982.
Required work experience for claiming exemption from undergoing management training of 12 months (regulation 48) is briefly given as under:-
(i) One year experience as an Assistant/Deputy Company Secretary or any other post higher thereto in the Secretarial Department or three years experience as a Secretarial Officer/Executive in Secretarial Department in any company or body corporate having a paid-up share capital and reserves of not less than rupees twenty-five lakhs or any organisation having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous or statutory body, financial institution or bank which in the opinion of the Council provides scope for acquiring sufficient professional experience;
(ii) two year’s experience as an executive or three years experience as an assistant under a Company Secretary in whole time practice or in a firm of such Company Secretaries, which in the opinion of the Council provides scope for acquiring sufficient professional experience;
(iii) three years experience of continuous practice on a whole-time basis as a Chartered Accountant or Cost Accountant having carried out statutory /cost /internal audit or providing management consultancy services or three years experience in continuous practice as an Advocate in a high Court having rendered services as Counsel/Advisor to a Company having paid –up share capital and services of not less than rupees twenty –five lakhs or any organisation having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous or statutory body, financial institute or bank which in the opinion of the Council provides scope for acquiring sufficient professional experience.
(iv) three years experience as an executive or four years experience as an assistant in the secretarial, administration, accounts, finance, personnel or legal department in any company or body corporate having a paid-up share capital and reserves of not less than rupees twenty five lakhs or any organisation having fixed assets of not less than rupees fifty lakhs including Central/State Government, any Public Sector Undertaking, autonomous or statutory body, financial institution , banking or insurance company which in the opinion of the Council provides scope for acquiring sufficient professional experience.
Applications claiming exemption from undergoing training are examined and processed on case to case basis and a candidate may be granted exemption from undergoing 12 months management training (Regulation 48) and required to undergo balance 3 months practical training of one month each on Secretarial Department, Finance & Accounts Department and Administration Department and 15 days training with anyone specialised agency.
Next question arises,
what is the Procedure for claiming exemption from undergoing 15 months training?
A candidate who wants to claim exemption from undergoing 15 months training structure has to submit the following documents to the Institute:
a. Application Form for Management /Apprenticeship/ Practical Training/ Exemption from undergoing Training. (APPENDIX E).
b. Experience Certificate (s) indicating exact designation, duration of service, salary drawn, job contents in brief duly signed by the appropriate authorized signatory of the employer organization.
c. Certified copy of Balance Sheet(s) in respect of the organization(s).
d. Organization Chart indicating the position in the organizational hierarchy duly certified by the authorized signatory of employer organization.
e. Salary slip for the beginning and last pay drawn from the organization(s). f. Appointment letter from past/present employer.
f. Appointment letter from past/present employer.
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If you have any doubts, any queries or suggestion let me know via comment.