ICAI Announces Opt Out Option For CA July Exam Candidates

The Supreme Court of India today, June 22, will hear a plea seeking extra attempt and opt-out option exam. The petition filed by CA students has asked for the Supreme Court’s direction to the Institute of Chartered Accountants of India (ICAI) to include an opt-out facility in the CA May session examination, allowing students to carry forward their candidature to the next session of these exams.

The plea in the Supreme Court has also prayed for an extra attempt to Intermediate and Final year students appearing under the old syllabus.

On Monday, June 21, the institute has, however, provided Covid-affected students an option to opt-out from CA Final, Inter, IPC and PQC exams scheduled between July 5 and July 20, 2021, and from the CA Foundation exams from July 24 to July 30.