Eligibility for paper wise exemption on the basis of marks are allowed on the basis of following criteria
A student who secured at least 60% marks in any subject(s) and at least 25% marks in remaining subject(s) is eligible for exemption from appearing on those subjects he scored at least 60% in the upcoming exams.
The point to be noted is that a student shall satisfy both conditions i.e.
1.60% marks in any subject(s), and
2.25% marks in remaining subject(s)
For ex; if an executive level student scored 65 marks in Economic and commercial laws (ECL), 30 marks in Company accounts and Auditing Practices (CAAP) & 24 in Capital Market and securities laws (CMSL). He is not eligible for claiming exemption on ECL, because he failed to secure 25 % marks in CMSL.
How to apply for Exemption
Exemption based on marks is allowed automatically. You don’t need to apply to ICSI for claiming exemption. Further, no additional fee has to be paid in this regard.
Validity of Exemption
Exemptions based on marks are allowed until you cancel the exemption.
How to cancel/surrender eligibility for Exemption
Exemption can be cancelled/ surrendered in following ways
1. Send a mail to ICSI to cancel the exemption, or
2. Appear for the exam in which exemption is claimed
You are absolutely eligible to appear in the exam in which you have got exemption; you don’t need to pay any further fees in this regard. The main intention behind students canceling the exemption is to avail set off benefits. If they can again secure good marks in that paper, it can be used to set off to clear that module.
Once exemption cancelled cannot be re-claimed.
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