New Delhi. The Institute of Chartered Accountants of India ( ICAI ) on Monday informed the Supreme Court that the proposed CA examinations for the May cycle from July 29 to August 16 have been canceled in view of the increasing number of covid-19 cases in the country . Justice A.M. Through video conferencing to the bench headed by Khanvilkar, ICAI counsel informed that the May cycle examination will now be included in the November 2020 CA examination.
The bench was hearing a petition regarding the CA exam challenging the option of 'not adopting' (opt out) given to candidates by ICAI. The petition was alleged in this petition by the 'India Wide Parents Association' that this option is biased for candidates seeking to appear for the CA examination in May. The petition also requested to direct more centers for this examination in the country. The bench said in its order, "In view of the additional affidavit filed by ICAI on July 6, 2020 according to which the examination to be held in July 2020 has been canceled, there is nothing left for consideration in this petition." '
However, petitioner's counsel Alakh Alok Srivastava drew the court's attention to some aspects related to the CA examinations. The bench allowed the petitioner to submit its report in this regard to ICAI and said that it should be decided within four weeks after receiving it. Earlier, the court said on June 29 that amid the Kovid-19 epidemic, ICAI should adopt a flexible approach in conducting examinations and also take into account the concerns of the candidates. The apex court had said that ICAI should also adopt a flexible approach on the option of "not adopting" and change of examination center as the circumstances regarding the epidemic are constantly changing.