ICAI to release FAQs regarding CA July 2020 exams opt-out facility

NEW DELHI: The Institute of Chartered Accountants of India, the conducting body of ICAI exams will upload Frequently Asked Questions regarding the recently announced opt-out facility of the upcoming CA July 2020 exams. ICAI had earlier announced the opening of opt-out facility for students who want to opt out from the July 2020 exams due to coronavirus pandemic and appear for the CA November 2020 session.

The official notification from ICAI says “In view of the ongoing COVID-19 pandemic and in the interest of the well - being of students and to mitigate their hardships, as proactive measure for benefit and welfare of the students, an Important Announcement dated 15th June 2020 was issued inter alia extended an option to the examinees who have made applications for appearance in May 2020 examinations to Change the Centre of Examination or to “Opt-Out” of May 2020 Examinations and in lieu of it appear in November 2020 Examination with due carry over of the fees paid, exemptions etc. The Institute is receiving various queries / observations from the students / members and other stake holders related to aforementioned announcement. In this regard for the benefit of students it is decided to prepare a set of FAQs with their answers. The FAQ’s will be uploaded on Institute website by today evening.”

Important Announcement
For more details please visit https://t.co/3ROlTMN25Y pic.twitter.com/p6TYSsAfTI

— Institute of Chartered Accountants of India - ICAI (@theicai) June 17, 2020

How to use the OPT-OUT Facility?

Students who have applied for the CA May 2020 session will have the option of opting out from the July 2020 session and appear for the November session. The detailed procedure to opt out from CA July exam has been given below:

1. Submit a declaration online available at https://icaiexam.icai.org from June 17, 2020 (Wednesday) 11 AM Onwards to 20th June 2020 (Saturday) 11.59 PM.

2. On submitting the declaration, candidature of the student for May 2020 Examination Cycle will be cancelled and he/she will be shifted to next Examination Cycle.

3. Kindly note that once option for “Opt out” is taken, it will be treated as final. No request for its change will be entertained under any circumstances.