Exemption Scheme in Company Secretary (CS) Course

  • Exam|
  • 495 Views
  • |
  • 3 Min Read
  • By Taxmann
  • |
  • Last Updated on 30 May, 2022

Exemption Scheme in Company Secretary (CS)

Exemption in the Company Secretary (CS) curriculum is not as simple as it seems and just securing more than 60 marks in a subject won’t guarantee a student an exemption. So let’s try to understand the CS Exemption Scheme.

What is exemption?

Despite not being able to clear exams, when a student performs well in a few papers, then he/she is exempted from appearing those papers again.

What are the exemption criteria?

The exemptions on the basis of securing 60% or more marks are granted under any of the following scenario:

First scenario

If a candidate appears in all the required papers covered under the module and scores at least 25% marks in each paper, he/ she shall become eligible for exemption in those paper(s)in which he/she scores 60% or more marks.

Therefore, to claim an exemption under this condition a student needs to:

(a) Secure minimum 25 marks in all the papers of the module

(b) Secure 60 or more marks in the paper for which exemption is to be claimed

Also to clear the exams in the next attempt, aggregate of 50% of marks needs to be secured excluding the exemption subjects.

Second scenario

If a candidate appears in all the required papers covered under the module and fails in only one paper covered under the module, he/ she shall become eligible for exemption in the remaining papers, if he/she scores 60% or more marks in all such remaining papers taken together and at least 40% marks in each remaining paper

Accordingly, if the following points are satisfied, then a student shall be eligible to claim exemption for the remaining three papers:

(a) Appeared for all the papers of the module

(b) Secures less than 40 in only one paper of the module

(c) Secure 60% in aggregate i.e. minimum 180 marks out of 300 for the remaining three papers of the module

Note: In order to clear one paper in the later attempts, the student will have to secure at least 50% marks in that single paper.

There’s no need to apply for exemption. It is auto-populated while filing up the exam forms. However, if a candidate desires, he/she can decide to not take the exemption.

Some examples for clarity are provided here:

Example 1: The scores in module 1 are:

P1: 26
P2: 61
P3: 55
P4: 46

In this case, the candidate is exempted from P2 only in his further exams under the first scenario as at least 25% has been secured in all the subjects.

Exemption as per second scenario is not possible as aggregate of the remaining three papers is 162, which is less than 60%.

Continuing this example, if the scores in next attempt are:

P1: 42
P2: 61 (Exempted)
P3: 60
P4: 44

The aggregate of all the 4 papers is 207/400, which is more than 60%, but still the candidate is failed because the aggregate of the remaining papers is 146/300 which is less than 50%.

But the candidate shall be eligible for exemption in P3 and now he/she will have to score 50% aggregate score for P1 and P4 to clear the module.

At the beginning, if the score in P1 would be 24 instead of 26, then candidate shall not be eligible for exemption in P2 also, as at 25% marks is not secured in each subject.

Example 2: The scores in module 1 are:

P1: 55
P2: 63
P3: 22
P4: 67

As per the first scenario, no exemption is available as P3 has less than 25% marks.

As per the second scenario, the total of three subjects is 185/300 which is more than 60%, and the student has secured less than 40 in P3, therefore all the three papers shall be exempted and to pass the P3 paper, atleast 50% marks shall be required in the next attempt.

Example 3:

The Module 1 scores are;

P1: 42
P2: 48
P3: 60
P4: 43
Total 193

The Module 2 scores are:

P5: 43
P6: 49
P7: 70
P8: 51
Total 213

The aggregate score of both the modules combined is 406/800, which is more than 50% and since all papers’ scores are more than 40, the student is considered as having passed the exams.

Now, suppose the student has already claimed an exemption in P7 in the previous attempt. Accordingly, the Module 1 score is 193 and Module 2 score (excluding P7) is 143.

In this case, the aggregate of the all the 7 papers is 336, which is less than 50% and also the individual modules does not have the aggregate required of 50%. Accordingly, the candidate is considered to have failed both the modules. However, the candidate shall be eligible to claim exemption in Paper 3 as the first scenario conditions are satisfied.

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied