In the plea challenging the ‘Opt-Out Scheme’, the Institute of the Chartered Accountant of India (ICAI) informed the Supreme court that the ICAI has canceled the Chartered Accountants (CA) May/July exams 2020 in view of the Coronavirus pandemic.
A combined exam for both May and November session exams will be conducted in the month of November, this year.
In the wake of the COVID-19 pandemic, the Institute in a press release stated that the exams which were scheduled to commence from July 29, 2020, would now be merged with the November exams.
The Institute stated, “on review of the above development and to ensure the interest of its students and they’re well being, the institute has decided to cancel May 2020 Examination attempt with November 2020 examination with a due carryover of all benefits already available to students including the fee paid and exemptions.”
“On a review of above developments and in order to ensure the interest of its students and their well-being, the Institute has decided to cancel May 2020 Examinations and merge the May 2020 attempt with November 2020 Examinations, with a due carryover of all benefits already available to students including the fee paid and exemptions. The students who have made an application for May 2020 Examinations will have an option to change the group(s) of their appearance and center of Examinations at the time of making a fresh application for November 2020 Examinations, which, subject to conditions prevailing at the relevant time, will start from 1st November 2020. It is again clarified that in this schema, the students will be free to exercise the options afresh for the groups that they intend to appear in the November 2020 examinations,” reads the official notice.
The three-Judge bench consists of Justice A.M. Khanwilkar, Dinesh Maheshwari, and Justice Sanjiv Khanna said that the option to change one’s center for examination had to be kept open for all and that is a professional body, ICAI had the responsibility to take care of the students.