Home Company Law - Editorial FAQ-s ICSI (CPE) Guidelines, 2019

FAQ-s ICSI (CPE) Guidelines, 2019

by CS Divesh Goyal
1 comment 1757 views

[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.

S. No. FAQ’s
1. 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.
2. 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.
3. 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.
4. How Many Maximum credit hour through Webinars?
  Maximum 8 Hours
5. 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
6. 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
7. 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
8. 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
9. If a member obtained the membership during the year, whether such member need to obtain credit hours.
  In this situation member is exempted from obtaining mandatory CPE hours during that financial year.
10. how to Check Credit Hours on ICSI Site
  ·         Log in to ICSi Member Portal

·         My Account

·         Manage Account

·         Credit hours.

11. Whether excess hours shall be carry forward or less hours have to complete in next years
  There is no carry forward for excess Program Credit Hours from one year to another year will be allowed and no need to completed short credit hours in next year.
12. What are structured credit hours?

 

  The CPE Credits awarded to the members for attendance at approved learning programmes.
13. For taking the exemption from credit hours, how a member can apply for and To whom such member have to send the mail?
  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.
14. What if member is not employed in any job or doing practice
  Even in the above situation, it is mandatory for the members to comply with CPE Credit hour guidelines.
15.    If form dir 12 is not filed for the CS. That is if working as an assistant company secretary, then also credit hours are compulsory?
 

 

Even in the above situation, it is mandatory for the members to comply with CPE Credit hour guidelines.

 

Notes:

  • No CPE Credits will be awarded for any learning program whose duration is less than 1 hour.
  • 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.
  • 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

 

[1] https://www.icsi.edu/media/webmodules/CPE_Gls.pdf

You may also like

1 comment

Sanjay sharma February 22, 2021 - 10:00 am

Last year during icsi granted to treat all unstructured programmes to b structured programme due to lockdown etc. Now what happened now they r just allowing just 8 cpe

Reply

Leave a Comment