The Institute of Chartered Accountants of India (ICAI) has determined to merge the May 2020 exams with the November 2020 and cancel out the former exam. The council notified that “due carryover of all benefits already available to students including the fee paid and exemptions.”
Further the ICAI 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.”
This decision has come into effect after the ICAI kept postponing the exams due to coronavirus pandemic. The board also gave an ‘opt-out’ for the students. Those students who didn’t wish to take up the exam can choose to quit or ‘opt-out’. However this was not welcomed by many students.
The ICAI said that “With Unlock1, the severity of COVID 19 Pandemic was expected to subside from the later part of June 2020, but has rather become more severe and, therefore a Review as per announcement dated 15 June 2020 has become necessary.” It further added that “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.”
Helpline mail has been created to address the students with any queries. The candidates can contact the authorities at [email protected]. The ICAI conducts the exam twice a year.