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CA Examinations Postponed to November 2020: ICAI informed SC

Lawstreet Journal 13 Jul 2020 11:08pm

Image courtesy: Lawstreet Journal Executive CA Examinations Postponed to November 2020: ICAI informed SC

On Monday, 13th July 2020, the counsel for the Institute of Chartered Accountants of India (ICAI) informed the Supreme Court of India that the Chartered Accountancy examinations will be postponed to November 2020, in a plea challenging “opt-out scheme” and seeking more centers for the CA exam. 

The submission comes at the heels of a press release issued by ICAI, which reported that the exams scheduled to begin on 29 July will now be merged with the November exams following the nationwide lockdown due to COVID- 19 pandemic. ICAI stated, “On a review of above developments and 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.” 

A three-judge bench comprising of Justice AM Khanwilkar, Justice Dinesh Maheshwari, and Justice Sanjiv Khanna heard the matter. Previously, the Court had argued for the flexibility of the opt-out scheme and noted that the pandemic scenario was not static, but dynamic. The Bench also informed Senior Advocate Ramji Srinivasan, appearing on behalf of ICAI, that the option of changing one's examination center had to remain accessible to all, and that, as a professional body, ICAI had a duty to take care of its students. 

The plea, filed on behalf of the India Wide Parents Association by Advocate Alakh Alok Srivastava, challenged the June 15 notification issued by ICAI, which stated… Continue Reading...


Tagged: Institute of Chartered Accountants of India  
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