ICAI cancels CA Examinations May 2020
The Institute of Chartered Accountants of India ( ICAI ) has cancelled the CA Examinations May 2020 and merge the May 2020 attempt with November 2020 Examinations. The ICAI had allowed students to change their centre for appearance in May/ July 2020 Examination and/or to decide, at their free will, to “Opt-Out” of the May/ July 2020 Examinations with a carryover of all benefits including the fee paid and exemptions.
Further Announcement dated 17th June 2020 provided for FAQ’s relating to conduct of May/ July 2020 Examinations, change in centre and operation and procedure for Opt-Out to address the queries raised by the students. Announcements dated 20th June 2020 and 26th June 2020 extended the availability of the facility to “opt-out” to allow the students to make their decision which facility is available to the students even as on date. The ICAI has said that, 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 ICAI also said that the students who have made an application for May 2020 Examinations will have an option to change the group(s) of their appearance and centre 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.