Important Announcement for Members attaining the age of 60 years or are at present of the age of 60 years and above - 26-05-2008

The Council of the Institute, at its 278th meeting held on May 13-15, 2008, has decided to make the CPE hours requirements mandatory, w.e.f. 15th May 2008, also for the members of the Institute, who are attaining the age of 60 years during a particular calendar year within 2008-2010 or are at present of the age of 60 years and above. Such members could, however, complete their CPE requirements either by structured or unstructured CPE learning activities.     Accordingly, Clause 6.2 (a) of the Statement on Continuing Professional Education, 2003 (as amended in August, 2006), which says that the requirements of this Statement shall not apply to a member who attains the age of 60 years during a particular calendar year, stands deleted.     In view of the fact that the CPE requirements for the members attaining the age of 60 years during a particular calendar year within 2008-2010 or are at present of the age of 60 years and above, are being made mandatory after passing of 4 ½ months in the three-years rolling period starting from the calendar year 2008, the Council has decided to proportionately reduce the CPE requirements for these members for the rolling period of 2008-2010. Hence, the CPE Credit Hours Requirements are as under:   All the members attaining the age of 60 years during a particular calendar year within 2008-2010 or are at present of the age of 60 years and above and holding Certificate of Practice (except those members who are residing abroad), unless exempted, are required to: ·         Complete at least 70 CPE credit hours in each rolling three-year period either through structured or unstructured learning. ·         Complete minimum 10 CPE Credit hours in the year 2008 and minimum 20 CPE Credit hours in 2009 and 2010. All the members attaining the age of 60 years during a particular calendar year within 2008-2010 or are at present of the age of 60 years and above and not holding Certificate of Practice or are residing abroad, unless exempted, are required to: ·         Complete at least 35 CPE credit hours in each rolling three-year period either through structured or unstructured learning. ·         Complete minimum 5 CPE Credit hours in the year 2008 and minimum 10 CPE Credit hours in 2009 and 2010. The Council has also approved a new CPE Advisory on Unstructured CPE Learning Activities. This Advisory is meant as guidance and direction to the members who want to avail CPE Credits through Unstructured Learning Activities. The advisory includes the details about the unstructured learning activities and the ways in which these can be undertaken. The members are required to submit a Self-Declaration Form to the Institute once in a year to avail the CPE Hours Credit.