ICAI May 2020 CA examination cancelled, to be held in November

The Institute of Chartered Accountants of India (ICAI) has cancelled the May 2020 CA examination as the COVID-19 situation continues to get worse in India. The ICAI on Monday informed the Supreme Court that it will not be hosting the May examination and they will be merged with the November exams.

This comes a couple of days after the institute had released a statement saying that the current condition has made it necessary to conduct a review. 

“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,” the statement had read.

The notification further said that students who have applied to appear for the May exam will have an option to change the group(s) of their appearance and the examination centre when applying for the November exam. The application process for November exam is expected to begin on November 1.

WATCH Zee Business TV LIVE Streaming Online

As per the earlier announcement, the ICAI was scheduled to be conduct the examination from July 29 to August 16. The ICAI earlier had offered students to opt-out of the exam if they had concerns regarding participating in the exam amid the pandemic. 

It had also sought out time from the Supreme Court to assess the feasibility for conducting CA exams scheduled for July and August.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, The Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountancy in the country.

The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India.