Cost and Works Accountants Act, 1959
20C. Foundation Course Examination
(1) A candidate shall be declared to have passed in the Foundation Course Examination if he obtains at one sitting a minimum of 40 per cent of the total marks in each paper and an aggregate of 50 per cent of the total marks of all papers in that examination. The Council may however, vary the minimum pass marks at is discretion for any or all the examinations.
(2) A list of successful candidates in an examination shall be published in the Journal of the Institute in such manner as the Council may direct. Each candidate shall be individually informed of his result and also of the marks obtained by him in the paper or papers of the examination in which he appeared. No certificate of pass except mark sheet will be issued to a candidate passing the Foundation Course Examination.
(3) Except as otherwise specifically provided in the foregoing regulations, the provisions regarding conduct of examinations in regulations 36 to 43 shall, so far as may be, apply to the Foundation Course Examination.
(4) The first Foundation Course Examination shall be held in June 1994.