SC: Those unable to take CA exam in July may do so in Nov

NEWDELHI:The Supreme Court on Monday assured lakhs of students appearing for the chartered accountancy examinations scheduled from July 29 that due to the Covid-19 situation, if any student fails to take all examinations, they will be given the benefit of appearing in the next cycle of tests in November this year.

A three-judge bench headed by Justice AM Khanwilkar asked the examination conducting body - Institute of Chartered Accountants of India (ICAI) - to come out with a notification specifying this provision by Thursday. The ICAI agreed to bring the proposed notification to Court following which it will be notified to all students.

Nearly 3.46 lakh students have registered to take the CA examinations scheduled from July 29. In view of the Covid-19 situation, the ICAI came out with an “OptOut” scheme by which students could opt out of the examinations in July and attempt the same in November this year.