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The Institute of Chartered Accountants of Pakistan

leAP /DET /001949/5347

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HEAD OFFICE

Directive 1.07 (Revised) December 31, 2012 PERMANENT CREDIT AND LIMIT ON ATTEMPT
In exerCise of the powers conferred by Section 15 (2) (a) of the Chartered Accountants Ordinance, 1961 read with Bye Law 118 and 129A of the Chartered Accountants Bye Laws 1983, the Council of the Institute in its 240'" meeting held on November 7, 2012 has revised the Directive 1.07 issued on March 26, 2010 on the above subject as follows: 1. A candidate shall retain a pass in paper(s) irrespective of the marks obtained in other papers. 2. Candidates appearing in Modules A to D shall attempt the examinations subject to the following conditions: a. candidates appearing in Modules A and B shall be allowed maXimum of six attempts for passing each module; b. candidates appearing in Modules C and D shall be allowed maximum of eight attempts for passing each module; Provided that an attempt shall not be counted if the candidate is absent or does not appear in any attempt; and Provided further that the attempts taken before March 26, 2010 shall not be counted under this policy. 3. Candidate appearing in Module E and F shall be allowed ten years to qualify both Modules. The period of ten years shall be counted from the first day of the month in which the candidate becomes eligible to appear in Module E for the first time. Provided that the period before June 01, 2010 shall not be counted for this policy.
(210'h meeting of the Council - August 15, 2009) (240'h meeting of the Council - November 7 and 8, 2012)

Secretary

(Established under the Chartered Accoun1ants Ordinance, 1961 - X of 1961)

Chartered Accountants Avenue , Clifton, Karachi-75600 (Pakistan ). Ph : (92-21 )' 111 000422 Fax : 99251 626 Website : www.icap.org.pk E-mail : info@icap.org.pk


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CONTINUED

Before the revision, the Directive 1.07 was as follows:

March 26, 2010

CA/DET /GEN /2010/01

CHANGES IN EXAMINATION POLICY

We are pleased to inform you that the amendments in Bye Laws relevant to the above have been published in the official Gazette of Government of Pakistan with the approval of the Federal Government on February 26, 2010, Official copy of the Gazette has been received by the Institute on March 16,2010, Consequently, the following changes, as approved by the Council, are being implemented:

1,

At present, the candidates retain a pass in paper(s) if they obtain specified marks in other paper(s) of the same module. Effective from June 01, 2010, a candidate shall retain a pass in paper(s) irrespective of the marks obtained in other papers,

2,

Effective from f\utumn 2010 examinations and onwards, candidate appearing in l'vlodule A to D shall be allowed maximum of six attempts for passing each module, An attempt shall be counted even if the candidate is absent or does not appear in any attempt.

3, Candidate appea ring in Module E and F shall be aUowed ten years to qualify both Modules, The period of ten years shaU be counted from the first day of the month in which the candidate becomes eligible to appear in Module E for the first time. For all existing candidates who are already eligible for Module E and F examinations, the period of ten years shall be counted from June 01, 2010,