ICSI Credit Hour Guidelines, 2019 - sERIES 593
ICSI (CPE)
Guidelines, 2019
[1]ICSI
has issued New Guidelines for Yearly Credit Hours for Financial year w.e.f. 01st
April, 2020. These guidelines came into effect from 01st April,
2020.
New
Credit Hour Requirements:
It is mandatory for all members of the Institute, except
those specified in para 5.1 of guidelines (also mentioned below) to secure 20
CPE Credits in a year through structured and unstructured learning program.
However, no
carry forward for excess Program Credit Hours from one year to another year
will be allowed.
Applicability
of Guidelines
These guidelines shall be mandatory for all the members
irrespective of whether they are in practice or otherwise.
These guidelines shall
not applicable on following members:
Exemption 1:
The
requirements of CPE Credit shall not apply to:
a) A member who attains the age of 60 years during a particular calendar
year and who is neither in any gainful employment nor in practice.
b)
A member, for the year during which he attains membership of the
Institute.
c)
Member of Parliament;
d)
Member of legislative assembly or legislative council;
e)
Member of Judiciary;
f)
Members of any of the Central Civil Services;
g)
Members of any of the State Civil Services;
h)
Employees of regulatory bodies, government organizations (not being
corporate entities), and statutory bodies;
i)
Members of Armed Forces and Paramilitary forces;
j) A member or class of members to whom the Professional Development
Committee of the Council grant full/partial exemption, on case to case basis,
either by granting specific /general exemption, on account of facts and
circumstances in the following situations:
i.
Maternity / Paternity Leave;
ii.
Accident / Medical Emergencies;
iii.
Partial / Total Disablement;
iv.
Absence from the country;
v.
Such other case(s), as may be deemed appropriate by Professional
Development Committee of the Council.
Provided that the member falling in any of the
above exempted categories shall submit a declaration along with documentary
evidence at the time of renewal of membership on annual basis or anytime at the
time of claiming exemptions.
Exemption 2:
Members holding
Multiple Qualification (Like: CA/CWA):-
A member holding membership of more than one sister professional
institution, wherein he / she is also required to meet CPE Credit
requirements in order to continue the membership, such member shall be granted
equal number of CPE Credits as are applicable to such learning activities
undertaken under the banner of the other professional body(ies).
INSOLVENCY PROFESSIONAL:
In case of
members who are registered as Insolvency Professionals or Registered Valuers
with the ICSI-Insolvency Professionals Agency and the ICSI-Registered Valuers
Organisation as the case may be, the respective bodies may consider granting
CPE Credits to the members for attendance at learning programmes on the topics
prescribed by the Insolvency and Bankruptcy Board of India (IBBI). And the same
may be in part fulfillment of the requirement of obtaining CPE requirements
prescribed by the IBBI
Un-Structured
Activities:
The members shall be granted CPE Credit under
these Guidelines for undertaking any of the following unstructured learning
activities subject to a maximum of Twelve CPE Credits in each year:
S
No.
|
Learning
Activity
|
CPE
Credits per activity
|
Maximum
CPE in a year
|
1
|
Web based learning includinge- learning, webinar, subject
to ,declaration of CPE Hours by the
ICSI
|
2
|
8
|
2
|
Viewing
video recording of the learning programmes organized by the Institute subject
to submission of self declaration by the member
|
2
|
2
|
3
|
Publication of article in a UGC approved journal other
than the Chartered Secretary Journal.
|
4
|
8
|
4
|
Publication
of book(s).
|
8
|
8
|
5
|
Revision
of Published Book
|
6
|
6
|
6
|
Acting
as Guide / Supervisor for a M.Phil. / LL.M. / Ph.D. student registered with a
UGC approved University
|
4
|
4
|
7
|
Submitting
suggestions on Questionnaires / Consultative
Papers / Exposure Draft, etc. sought
by the Institute.
|
2
|
4
|
8
|
Reviewing of Articles
/ Guideline Answers / Study
Material and other
publications
of the Institute
|
2
|
4
|
9
|
Publication
of Research findings / Studies on the areas relevant to Corporate Sector,
Capital Markets and Professional interest in a UGC - Consortium for
Academic Research and Ethics
(CARE) approved journal.
|
4
|
4
|
10
|
Publication
of articles of professional interest in national dailies registered with the Registrar of Newspapers for India
|
2
|
4
|
11
|
Acting as visiting faculty or guest faculty at the
various Universities / Management Institutions/
|
2
|
4
|
S. No.
|
FAQ’s
|
1.
|
Is there any consequences if CS Member fails to comply with such
guidelines?
|
|
A member who fails to obtain the mandatory CPE Credits during the
stipulated period may be liable to disciplinary action for non-compliance
under the provisions of the Company Secretaries Act, 1980, Company
Secretaries Regulations, 1982 and the Code of Conduct
|
2.
|
These guidelines shall be applicable from which financial year?
|
|
These Guidelines shall come into force, w.e.f 1ST APRIL,
2020. ICSI Members except the
mentioned in above exception list required to comply these guidelines for
f.y. 2020-21.
|
3.
|
How many credit hour required during one financial year?
|
|
It is mandatory for all members of the Institute, to secure 20 CPE
Credits in a year through structured and unstructured learning program.
|
4.
|
How Many Maximum credit hour through unstructured learning program a
member?
|
|
A Member can have Credit hour through unstructured learning program, maximum
of 12 (Twelve ) CPE Credits in each financial
year.
|
5.
|
Any credit hour shall be granted if article published in Chartered Secretary?
|
|
A member whose article is published in the “Chartered Secretary” will
be entitled to 4 CPE Credits
|
6.
|
Credit Hour in case of joint authorship of an Article.
|
|
In respect of joint authorship of the article, the two credit hours be awarded
to each MEMBER WHO has authored the article. However, the joint authorship should
be limited to two authors only
|
7.
|
Credit hour for faculties
|
|
Members acting as Faculties in any of the program organised by the
Institute, he shall be entitled to minimum 2 and maximum 4 CPE hours for any
session of not less than 30 minutes on such sessions
|
Notes:
ü For Members who’s
professional address is beyond 100 km from the nearest Regional
Council/Chapter(s)/Study Circle(s) and attend a program at any Program Learning
Centre, they shall be awarded double the CPE Credits for which the concerned
Program is entitled.
ü Members above the
age of 60 years shall be required to obtain 50% of the PCH required to be
obtained by the members, if he is in the gainful employment or holding the
certificate of practice.
(Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company
Secretary in Practice from Delhi and can be contacted at
csdiveshgoyal@gmail.com) Disclaimer: The entire contents of this document have
been prepared on the basis of relevant provisions and as per the information
existing at the time of the preparation. Though utmost efforts has made to
provide authentic information, it is suggested that to have better
understanding kindly cross-check the relevant sections, rules under the
Companies Act, 2013. The observations of the author are personal view and the authors do not take
responsibility of the same and this cannot be quoted before any authority
without the written
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