Last Updated on August 15, 2019 by Ravi Sankar Robbi
As you are aware that in case of members holding Certificate Of Practice (COP), as per the Guidelines for Mandatory Training for all Members of The Institute under Continuing Education Programme, it is mandatory to undergo minimum mandatory training of 15 hours per year commencing from 1st April to 31st March. If the COP of members is not renewed for the year 2016- 17 owing to shortfall in CEP hours, it might cause hardship to those members who thrive exclusively on practice notwithstanding the fact that compliance of prescribed minimum requirement of CEP hours is mandatory for renewal of Certificate of Practice.
In view of the above, it is decided by the Council of the Institute of Cost Accountants of India [ICAI] to grant an extension upto 30th June 2016 to complete the requirement of CEP credit Hours for renewal of COP of the members for the year 2016-17.
Author is a Qualified CMA with an experience of more than 8 years in the industry. He is also an All India Rank holder in both Inter (AIR-26) & Final (AIR-46) examinations of ICAI. He loves to writes articles on Income Tax & GST.