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The Institute of Chartered Accountants of India (ICAI) has decided to cancel the Chartered Accountancy examinations scheduled for July.
In a press release statement, the ICAI stated that the exams would now be merged with November 2020 exams.
The CA May exams were postponed amidst the wake of COVID-19 outbreak and were later scheduled to be held in July and August.
The ICAI’s announcement was based on the Institute informing the Supreme Court on Thursday that it would assess the feasibility of conducting CA exams, scheduled between July 29 and August 16, with regard to the increase of COVID 19 cases across the country and consult states and examination centers on their respective situations.
The Supreme Court had heard the matter through video conferencing, wherein the “opt-out” decision was challenged through a plea.
“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 2020Examinations and merge the May 2020 attempt with November 2020 Examinations, with the due carryover of all benefits already available to students including the fee paid and exemptions. The students who have made 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". states the press release.
The students who applied for May 2020 examinations would now be given the option to change the groups of appearance and center of examinations at the time of applying freshly for the November 2020 examinations.
The November examinations are set to start from the 1st of November.
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