ICAI Surrender of Exemption Procedure | CA IPCC and Final.  Shailee Chaudhary got all India 1st rank in her 2nd attempt. So some one messaged me that ” I have a query that if anybody given attempt earlier n not clear their attempt are not eligible to be in rank for next attempt. Then how she got a rank in her 2nd attempt “. I replied that ” ICAI recognizes meritorious candidates in Intermediate (IPC) and CA Final exam, by ranking them on the basis of the aggregate marks obtained by them in both the groups, on an all India basis, subject to his/her having secured a minimum of 55 percent marks, in one sitting without availing of any exemptions.

So you will get rank if you complete both groups in single attempt i;e even it is 3rd or 4th attempt (not 1st attempt only).

If u got exemption in any subject in previous attempt, you are not eligible for all India ranker in next attempt.

If u got exemption in previous attempt and if you want all India rank in next attempt, there is a provision that you should surrender that exemption and again you will write that subject “.

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Read below How to surrender exemption in CA IPCC and Final exams.

CA IPCC and Final Surrender of Exemption Procedure

It has also been decided to allow the candidates to give option for surrendering the valid exemption already secured, in toto, in a paper or papers on the basis of 60 per cent marks, on the conditions that

(i) exemption surrendered once shall be effective for all times to come for all the chances (i.e. up to a maximum of three immediate next examinations or all remaining chance/s) and under no circumstances the candidates shall be allowed to claim the surrendered exemption in future; and

(ii) on furnishing an affidavit to this effect and in the prescribed proforma (which can be obtained from the Institute on request) on a non-judicial stamp paper of the value as applicable in the respective State, candidates can exercise the option to surrender the exemption at any time during the currency of the validity of exemption but before the date prescribed for doing so i.e. 01st September, 2015 in the case of November, 2015 examinations.

A candidate who wants to surrender the valid exemption, in toto, secured in a paper or papers on the basis of 60 per cent marks in any of the immediate last three examinations (i.e May 2014 , November 2014 and May2015) is advised in his own interest to write separately to the Deputy Secretary (Exams.) informing him of his decision to surrender the exemption, in toto, along with a photocopy of the relevant Statement of Marks to enable the office to send further details in this regard and the proforma of the affidavit to be executed by the candidate.

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Candidates should note carefully that the surrender of exemption shall become effective only after furnishing the requisite affidavit and on issue of confirmation letter to this effect by the Institute.

Candidates are advised in their own interest, to send the letter for surrender of exemption separately by REGISTERED POST / SPEED POST to the Deputy Secretary (Exams.) so as to reach him on or before 01st September, 2015 and the same should not be enclosed along with the examination form. The Institute shall not accept the responsibility for any such request not received upto 01st September, 2015 or sent along with the examination form in the same envelope.

Candidates are also advised not to write about their intention / decision to surrender the exemption in the examination form and no cognizance of such writing/noting/request in the examination form will be taken.

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