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INSTITUTE OF CHARTED ACCOUNTANTS IN INDIA: AUTHORITIES GAVE AN ALTERNATIVE TO “OPT-OUT” CA IN JULY 2020

 

On Monday, the Institute of Charted Accountants of India ( ICAI) has declared that keeping the coronavirus pandemic in mind, the candidates can ‘opt-out’ from CA July 2020 examinations. 

In the official website of ICAI, the notification states that ICAI is dedicated to assisting even if one student aspires to occur in examination scheduled from 29 July 2020, still contemplating the ongoing COVID-19 situation and in the interest of mitigating the anxiety and hardships of students, it has been concluded to give an OPT-OUT option to students. 

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They further informed, the students who have earlier enrolled themselves online for sitting in May 2020 scheme, they now have the option to change the examination month to November 2020, which is the successive month cycle. 

ICAI asserted that the judgment came after they obtained a varied manner of opinions, views, and petitions from students, both relating to the execution of exams as per the plan issued by the Institute commencing from July 29 or not conducting exams in the COVID-19 catastrophe. 

ICAI CA EXAMS POSTPONED TO JULY 29TH: CHECK COMPLETE SCHEDULE

Some pupils expressed questions and anxiety on the probability of explosion in COVID-19, availability of examination center, students/center in containment zone, social distancing and sanitization, availability of public conveyance and lodging facilities, loss of examination fee already spent and carry forward of exemption in case the student is not able to come in the July 2020 examination.

 However, a large group of students exhibited their strong interest to occur in the examination as per the pre-announced schedule contended ICAI.

For the candidates canceling out the May exam, the examination fees, and exemption, if any, of the specific student will directly be changed and carried forward to the November 2020 examination cycle and this try (May 2020) will be treated as canceled or not added at all.  

The student will also be required to apply afresh for November 2020 Examination cycle at the pertinent time. 

The authority said they are devising all the instructed and necessary appointments for smooth conduct of exams for the students appearing in the May 2020 examination (commencing from July 29) across the globe comprising strict abidance to the safeguards and measures related to COVID–19 which cover thermal scanning, hands’ sanitization, wearing of masks, maintaining social distancing, following Government guidelines, etc for the examinees/center actions during the code of Chartered Accountant Examination.

Nonetheless, the problem of the pandemic will be evaluated according to the COVID cases, MHA guidelines, Centre and State Government advice in the first week of July and status will be expressed to students who have not decided to opt-out. 

They said, the procedure of examinations initiating from July 29 will be precisely dependent upon the then Government’s memorandum which may be issued for the region in which a particular Centre is situated, and in any such eventuality, the students will be included to the November 2020 examination cycle.

For students thinking to change examination center for the exams beginning from July 29, the online capacity for attempting a change of examination center (for the students who have already accepted online examination application for May 2020 Examination cycle) will be accessible HERE  from 11 AM on June 17 till 11:59 PM on June 20.

The Intermediate (Integrated Professional Course) [IPCE-Old Course] will be broadened for one more try i.e. November 2020 Examination sequence.

Process for availing OPT-OUT  assistance.

  • Introduce a statement online available at OFFICIAL WEBSITE from 11 AM on June 17 onwards till 11:59 PM on June 20.
  • On submitting the declaration, candidature of the student for the May 2020 Examination Cycle will be discontinued and he/she will be moved to the next Examination Cycle.

 It is important to know that once the choice for “Opt-out” is taken, it will be regarded as last.

ICAI also instructed the candidates to stay in touch with them. 

 

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