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The Institute of Charted Accountants of India (ICAI) has announced its decision to cancel the exams. ICAI informed Supreme Court, on Monday.  Due to this, exams which were planned to be done in July and August,  are now canceled.  The decision has been taken after keeping public consideration and the health of students amid the ongoing pandemic.

Arising before a Bench led by Justice A.M. Khanwilkar, senior lawyer Ramji Srinivasan, for the ICAI, said the circumstance was “too dynamic” as concerns the health crisis to safely hold the exams.

The ICAI told the exams, for now, had been postponed to November 2020. Mr. Srinivasan said the prospects had been insinuated about the change of schemes to prevent causing them any anxiety.

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In the last hearing, the ICAI had indicated “operational problems” in performing the exams due to the spread of the virus.

The Opt-Out Option

The hearing was due to a writ petition filed by the India Wide Parents Association, depicted by advocate Alakh Alok Srivastava, which mainly questioned the ICAI’s ‘opt-out’ scheme.

On June 29, the court directed the ICAI to come prepared with a fresh draft statement enabling students to opt-out of the exams without running the risk of being marked as having failed in the papers they skipped due to the coronavirus pandemic.

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However, on July 2, the ICAI was bringing into,  the second ideas about the exam with the pandemic situation worsening, particularly in Maharashtra. When told of this, the court provided it some more time to review the situation and come back on July 13.

The logistics of the July-August exams included 500 examination centers. A total of 3.46 lakh students were considered to take the exams between July 29 and August 16. Of this, 2.89 lakh had opted in while 52,000 decided to opt-out.

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