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FAQ’s on ICSI CPE Hours {Credit Hours}
The Council of theInstitute of Company Secretaries of India (ICSI) has notified ICSI (Continuous Professional Education) Guidelines, 2019 {‘ICSI (CPE) Guidelines, 2019’} for every member of the ICSI.
Extension of CPE Timeline for the year 2020-21
Kindly note that ICSI on 27th March, 2021 has given notification stating EXTENSION OF TIME FOR OBTAINING THE MANDATORY CPE CREDITS UPTO 30 JUNE 2021.
It may be noted that, CS in Employment and Practice, both required to complete 20 CPE Hours.
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Sl. |
Question (s) |
Solution (s) |
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1 |
Applicable date |
w.e.f. 01.04.2020 |
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2 |
Applicable to |
Every CS Member (Employment & Practice both). |
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3 |
Due date to complete CPE hours of every year |
31st March of Every Year For Year 2020-21 due date is extended upto 30.06.2021 |
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4 |
Relaxation Period |
TheCouncil of ICSI or President if authorized by the Council mayincrease the year by further 3 months upto 15 months for the purpose of relaxation ofrequirement of CPE Credits in any such year. |
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5 |
Modes of getting hours |
a) Structured CPE Credits – if attend attend approved learning programmes b) Unstructured CPE Credits - unstructured learning activities subject to amaximum of Twelve CPE Credits in each year |
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6 |
No. of Hours required every year |
20 CPE Credits in a year through structuredand unstructured learning program |
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7 |
Carry Forward of Extra CPE Hours allowed |
Nocarry forward forexcess Program Credit Hours from one year to another year will beallowed |
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8 |
CPE Hours Required for Members above the age of 60 years |
Requiredto obtain 50% ofthe PCH required to be obtained by the members, if he is in the gainful employment or holding the certificate of practice. This shall be applicable from the year succeeding the Financial Year in which themember attains the age of 60 years. |
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9 |
CPE Hours if article published in the “Chartered Secretary” |
4 CPE Hours |
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10 |
CONSEQUENCE OF NON-COMPLIANCE |
As perapplicable provisions of the Company Secretaries Act, 1980, CompanySecretaries Regulations, 1982 and the Code of Conduct, as amended fromtime to time. |
11. The basis of calculation of CPE Credits will be as under:
12. Exemption from the requirements of CPE Credit
- A member who attains the age of 60 years during a particularcalendar year and who is neither in any gainful employment nor inpractice.
- A member, for the year during which he attains membership of theInstitute.
- Member of Parliament;
- Member of legislative assembly or legislative council;
- Member of Judiciary;
- Members of any of the Central Civil Services;
- Members of any of the State Civil Services;
- Employees of regulatory bodies, government organizations (not beingcorporate entities), and statutory bodies;
- Members of Armed Forces and Paramilitary forces;
- 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 offacts and circumstances in the following situations:
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- Maternity / Paternity Leave;
- Accident / Medical Emergencies;
- Partial / Total Disablement;
- Absence from the country;
- Such other case(s), as may be deemed appropriate by Professional Development Committee of the Council.
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Article Compiled By-
Lalit Rajput,
Company Secretary,
Cell: +91 8802581290
Email: lalitrajput537@gmail.com