Compliance of CPE Credit Hours for the Calender Year 2008 - (20-12-2008)
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Important Announcement for Members holding Certificate of Practice (COP) with regard to Compliance of CPE hours requirements for the Calendar Year 2008
We would like to inform you that the Council at its 283rd Meeting held on 18th – 20th December 2008 noted the following CPE hours requirements for the members holding Certificate of Practice (COP):
Members holding Certificate of Practice (except those members who are residing abroad)*, unless exempted are required to:
complete at least 90 CPE credit hours in each rolling three year period starting from the calendar year 2008, of which 60 CPE credit hours should be of structured learning.
complete minimum 20 CPE credit hours of structured learning in each year.
The Council advised all the Members holding Certificate of Practice (COP), who have not so far completed the minimum 20 Structured CPE credit hours, to complete the same by 31st December, 2008. In cases, where members holding Certificate of Practice (COP) do not complete the CPE credit hours requirements, the Council decided as follows:
“In cases where members do not complete the CPE credit hours as above, the Council has decided that names of such members be not included in any panel that is forwarded by the Institute, on or after 1st January, 2009, to any regulators or other authorities. In the case of a firm, if any partner/paid assistant had not completed the requisite CPE credit hour for the year 2008, the names of such partner/paid assistant will not be included while considering the eligibility criteria and this fact will also be stated in case the firm is otherwise found eligible after excluding name(s) of such partner(s)/paid assistant(s).
This is for information and compliance of all members concerned.”
* The above-mentioned CPE requirements are not applicable to Senior Members of the age of 60 years and above (whether holding COP or not).
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