ICAI

Delhi High Court orders the Institute of Chartered Accountants of India to frame a policy for Chartered Accountants to disclose criminal cases or convictions against them on a periodic basis.

The Supreme Court on Thursday disposed of a miscellaneous application filed by Chartered Accountant (CA) aspirants seeking a Back-up Exam, after the Institute of Chartered Accountants of India (ICAI) assured the apex court that 'opt out' candidates will not lose an attempt and all the benefits available will be provided to them, as directed by the SC order on June 30.

The Supreme Court has directed the Institute of Chartered Accountants (ICAI) to allow such candidates to appear in the backup examination which is to be held around November 2021.

The kin of the Covid dea...

The Supreme Court today made it clear that it will not postpone the Chartered Accountant (CA) exams 2021 scheduled to be held in July 2021, but agreed to consider a plea by students seeking an “opt out” option for those who won’t be able to appear on account of Covid-19 restrictions.

The bench comprising Justices A.M. Khanwilkar, Dinesh Maheshwari and Aniruddha Bose stated that it had not read the note submitted by the Institute of Chartered Accountants of India (ICAI) counsel, which was submitted late at night.

Direction to ICAI to postpone the instant CA exams scheduled to held from July 6, 2021 to any subsequent period, post normalization of Covid-19 crisis and till the completion of vaccination of the students, invigilators and other staff

A divisional bench of the court, comprising Chief Justice D.N. Patel and Justice Prateek Jalan, while hearing the matter through video conferencing, stated: “This seems to be a motivated PIL against the ICAI’s chief.”

The Institute of Chartered Accountants of India on Thursday has informed the Supreme Court that there are operational problems regarding certain Centres due to spike of COVID cases in Maharashtra and Tamil Nadu.

The Supreme Court today while hearing a petition challenging Institute of Chartered Accountants of India (ICAI) “opt out” option for CA exams, said that option for change of centre should be there in case the area becomes a containment zone.