The Company secretary ships students to write the examination in June. ICSI had recently notified the students with an announcement about the online assessment test. The test starts on the 1st of March and ends on the 15th of March. The online assessment is a preliminary practice for ACS students. Online assessment tests and centralised classes are the pre-examination practice that makes a student eligible for the ACS examination. If the students fail to appear for the online assessment examination, the students shall write the pre-examination test. The centralised class, online assessment test and pre-examination test are essential to write the ACS examination. The blog intrigues the readers with insight into online assessment and rules for 2024 ICSI training.
Online assessment:
ICSI want to change the conventional system of conducting pre-examination. Now, the conventional model is upgraded to an online test. ICSI is now offering two options to the students. The online and offline options for the preliminary examination. The students should visit the official website of ICSI (icsi.edu.). After login, the website provides information about the online assessment test. The students who opted for the online centralised classes get an exemption from the offline pre-examination.
The 2024 CS examination happens from the 1st of June to the 10th of June. The CS executive and professional examinations start at 9 AM morning and end by 12.15 PM. The question paper reading time is between 9 to 9.15 AM. After reading the question paper, the students can start writing the CS examination. The duration of the CS examination is three hours. The mode of the examination is offline and centre-based. The questions are objective, subjective and descriptive. For the CS professional new syllabus, 2024, June is the first term. For the CS executive students, the first term of examination happened in December 2023. The 2017 syllabus’s last attempt for executive level is June 2024. The old syllabus’s last ACS examination attempt for the professional level is December 2024.
The CS executive students have eight subjects. The descriptive papers are as follows: Jurisprudence, interpretation and general laws, company law, setting up of business entities and closure, securities laws and capital markets, economic, business and commercial laws. The objective papers are as follows: Tax laws, corporate and management accounting and financial and strategic management. The passing criteria are 40, and the overall cut-off aggregate mark is 50.
In the CS professional students write seven subjects. Five papers and two elective papers. In the first elective, the students should select one out of four papers. In the second elective, the students should select one paper out of five papers. The subjects are ESG, drafting, pleadings and appearances, compliance management, audit and due diligence, strategic management and corporate finance and corporate restructuring, valuation and insolvency.
At the executive and professional level, the online assessment is helpful for the students to train their minds for speed, new syllabus, new question paper pattern and recent amendments.
2024 ICSI training:
ICSI students undergo short-term and long-term training. The short-term training from ICSI are one-day orientation programme and 30 days of executive development programme. The students should complete the corporate leadership development programme before the CS examination. The CLDP training is available through online and offline mode. The CLDP training, online assessment and pre-examination are mandatory for writing the executive and professional level examination. The long-term practical training lasts for 21 months. The long-term training is under a registered PCS, registered company and other entities.
The students attend the online programmes through webinars, LMS and the official website of ICSI. The dress code of students for the offline short-term training is Western and Indian formal. The fees for the online and offline training differ. The students attending through the learning management system must pay the fees and get approval from ICSI. ICSI opens the registration for the webinar mode of training with the stimulate portal. The registration and training dates will have a gap of five working days minimum. Each training conducted by ICSI has objectives, eligibility criteria, mode of delivery, fees, performance evaluation and certificate of completion. In the case of long-term training, the students can choose a practising company secretary firm or company or a foreign company or LLP. A company with a paid-up capital of 50 lakhs or a company with a paid-up capital as mentioned in Rule 8 (A) or net worth of 5 crores with a post of whole-time company secretary can provide long-term training to the CS students.
Conclusion:
The students find the preliminary examination, and short and long-term training to understand their strengths and weaknesses. The new syllabus and corporate environment pose challenging questions to beginner-level professionals. The ICSI structure of preparing students with a bookish and practical environment makes the students studious and practical. The online assessment and pre-examination is a mandatory process. The conventional model of offline examination has moved to the technical model of online examination.
The different models of ICSI training and examination help the students with time management and real-time corporate exposure. RR Academy is the best institute in Chennai for the ACS training. The faculties train the students with subject-based and corporate-based changes. Apart from the ICSI assessment test, RR Academy provides the model test. The model test prepares the students to understand the question paper pattern, subject and performance of the students. Comparison of performance among the students helps to improve the weak subjects. RR Academy trains the students with a professional and peer approach.
