CA Exam 2020: Big decision of the Supreme Court. The Supreme Court has given great relief to the chartered accountant students in the country due to the severe situation caused by Covid-19. Today, i.e. on 29 July 2020, the Supreme Court has directed the Institute of Chartered Accountants of India (ICAI) that this time students who are unable to appear in the CA examination will be considered as opt-out cases. Whether they have opted out, or not. In its order, the court has said that if a student has not opted out, but suddenly his area joins the Containment Zone, then he will not be able to take the exam. In this case, it will be considered as opt-out case.
The Supreme Court has directed ICAI to issue a new guideline, revising its guidelines before the examinations. Explain that a petition was filed in the Supreme Court on behalf of the India Wide Parents Association. The petitioner sought a stay on the opt out scheme in the examination. The next hearing in this regard is to be held on 2 July 2020 in the Supreme Court.
The CA session of the Institute of Chartered Accountants of India is scheduled to be held from July 29 to August 16, 2020. A petition has been filed in the Supreme Court to ban the opt-out option in the CA examination to be held in July 2020. This petition has been filed by Alakh Alok Srivastava on behalf of India Wide Parents Association. It has been requested by the petitioner to cancel the opt out option for the examination to be held in the month of July.
At the same time, the petition has also demanded to increase the number of examination centers, to ensure that at least one examination center is kept in each district of India. It is worth mentioning that for the CA examination to be held in July, 4.67 lakh candidates have to attend 259 examination centers across the country.
The Supreme Court has given increased relief to the students of Chartered Accountant (CA). The court has ordered the Institute of Chartered Accountants of India (ICAI), the organization conducting CA examinations, to issue new guidelines. After the release of these guidelines, students will get the facility to change their examination center and leave the exam (opt out).
The court told ICAI that students who are unable to participate in the examination should be placed in the category of opt-out cases. On which the ICAI assured the court that if the said student coroneted not to appear in the examination citing the situation, then we will count it in the category of opt-out case.