Finally Long Awaited Penalty for Non Compliance of CPE
As per Statement on Continuing Professional Education 2023* Issued on 30.01.2024 By ICAI

Level I (1st Jan to30th June after Non Compliance - First Six Months)
-- Extension for First Six months but, Twice of Shortfall of CPE to be earned
Level II (1st July to 31st Dec After Non Compliance - Second Six Months)
-- Shall be classified to non-compliance status on July 1 and the details of non-compliance status shall be displayed in CPE Portal, Twice of Shortfall of CPE to be earned.
Level III (1st Jan to 30th June - Third Six Months)
-- required to disclose the of status of non-compliance of CPE hrs requirement in MEF of ICAI. List of non-compliant members shall also be provided to Professional Development Committee of the ICAI by CPE Committee of ICAI.
Level IV (1st July to 31st Dec - Fourth Six Months)
-- Only Provisional Peer Review can be issued, Final Peer Review Certificate can be issued only after Earing twice of Shortfall CPE

After Level IV
--  if the default still continues then,  the CPE Committee may refer the matter to Disciplinary Directorate for action as deemed fit for the violation of these guidelines.

Applicable WEF 01.01.2024 (Not Applicable on Defaults for Calendar year 2023 or before)