The Supreme Court provided relief to CA students and parents. The top court has also asked the Institute of Chartered Accountants of India (ICAI) to issue fresh guidelines for the ICAI CA exam 2020.
ICAI told the SC on Friday that it would file an affidavit on the plea which has challenged its ‘opt out’ option for ICAI CA 2020 exams.
The exam of ICAI CA 2020 is scheduled to be held on scheduled between July 29 and August 16.
Recently, ICAI extended the last date to submit the opt-out choice. A virtual Bench of three-judges led by Justice A.M. Khanwilkar said, “ICAI counsel may take instructions and file the modified draft notification setting out the changes.”
The Supreme Court told ICAI, “The situation is continuously changing. Even if a candidate has not chosen opt-out option if they suddenly come under a containment zone what will you do? You should treat candidates who don’t appear as opt-out cases.”
The apex court was hearing through video-conferencing a plea which has alleged that ICAI had made an important announcement on June 15 by which it “arbitrarily decided to discriminate” Alakh Alok Srivastava on behalf of ‘India Wide Parents Association’, filed a plea stating “The ‘opt-out’ option discriminates between those underprivileged group of CA students/ aspirants.
ICAI notified that for the students who choose this option, their attempt (May 2020) will be treated as cancelled or not counted.