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With the rapid increase in the COVID-19 cases across India, the Institute of Chartered Accountants of India has announced that ICAI May 2020 exams will now be cancelled and merged along with the November 2020 exams. The announcement had been made by the institute in a recent notice, which also stated that the “due carryover of all benefits already available to students including the fee paid and exemptions” will also be enforced.
As per the notice, students who previously applied for May 2020 ICAI exams will be offered an option to change their respective groups of appearance and the centre of exam. This option will be available to students while filling out the application form for November 2020 ICAI exams. The notice further stated that students will also be “free to exercise fresh options” for groups that they wish to appear for during the November 2020 exams.
Previously, the ICAI had postponed the May 2020 Chartered Accountancy exams many times due to regulations. The institute also added an opt-option for students, if they wish to appear for the exams or miss it altogether. However, the option, which was available between 17th June to 20th June 2020, was considered to be unfair and unequal by many.
With the recent relaxations in COVID-19 lockdown, the number of cases has unfortunately increased, which has forced certain restrictions to assure safety of the citizens. Thus, for the health and safety all of its aspirants, the Institute has announced the cancellation of the ICAI May 2020 examinations. However, depending on the situation at the time, the ICAI May 2020 examinations will be merged with the November 2020 exams as well.
The institute has also advised the applicants to contact them through the given email address and raise their concerns and doubts regarding the same. While generally, the ICAI offers two separate attempts to the aspiring CAs of the country, this year, there will only be one attempt in November, assuming the conditions are favourable.