ICAI CA May 2020 exam cancelled – To merge with CA November exams. Institute of Chartered Accountants, ICAI has cancelled the CA May exam that was scheduled to be conducted in July- August 2020- The exam will now be merged with the November exams 2020. The announcement also stated that Institute will review the situation of pandemic (COVID cases, MHA guidelines, Centre and State Government directions) in the first week of July 2020 and the conduct of examinations commencing from 29th July 2020 was to be strictly dependent upon prevailing Government’s advisories for the area in which a particular Centre is situated and, in any eventuality, the students were to be accommodated to November 2020 Examination cycle. Follow us to get daily updates.
ICAI Notification Regarding Cancellation CA May 2020 Exam:
The ICAI was scheduled to be held from July 29 to August 16. The ICAI earlier had offered students to opt-out of the exam if they had concerns regarding participating in the exam amid the pandemic. The Institute had said that students who opt-out, all the examination fees and exemptions will be carried forward and shifted to the next examination cycle.
The cancelled exams include foundation paper 1, final paper 5, intermediate course under the old and new scheme, IRM paper 1, INTT AT and DISA ET exams.
The ICAI Notice Stated 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 Notification further 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
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