S. Vishnu Sharma
May 2020 CA exams – ICAI (Institute of Chartered Accountants of India) postponed Chartered Accountancy (CA) exams (May 2020) have been postponed to another date keeping in view the present COVID-19 concern.
Coronavirus spread has caused concern across the country and whole nation has gone into a lock down. The circular released by ICAI says the CA exams were scheduled to be held from 2 to 18 May as per earlier planned schedule.
ICAI too postpones May 2020 CA exams
However, the exams will now be held from 19 June to 4 July as per the rescheduled time table. This postponement is expected to give more time for the students to effectively prepare for the exams.
Foundation Course Examination under the new scheme and [As per syllabus contained in the scheme notified by the Council under Regulation 25 F (3) of the Chartered Accountants Regulations, 1988.] will be held on 27,29 June and 1and3 July.
May 2020 CA exams
Intermediate (IPC) Course Examination under old scheme [As per syllabus contained in the scheme notified by the Council under Regulation 28 E (3) of the Chartered Accountants Regulations, 1988] will be held on 20,22,24 and 26 June 2020 for Group I and for Group II it will be held on 28,30 June and 2 July 2020.
Intermediate Course Examination – Under new scheme [As per syllabus contained in the scheme notified by the Council under Regulation 28 G (4) of the Chartered Accountants Regulations, 1988.] will be held on for Group I on 20,22,24 and 26 June and for Group II it will be held on 28,30 June, 2 and 4 July.
Final Course Examination – Under old scheme [As per syllabus contained in the scheme notified by the Council under Regulation 31 (ii) of the Chartered Accountants Regulations, 1988.] the examinations will be held on Group I on 19,21,23 and 25 June and for Group II on 27,29 June and 1and3 July.
May 2020 CA exams
Final course examination – Under new scheme [As per syllabus contained in the scheme notified by the Council under Regulation 31 (iv) of the Chartered Accountants Regulations, 1988.] will be held for Group I on 19,21,23 and 25 June 2020 and for Group II it will be held on 27,29 June and 1and3 July.
The part I examination of International Trade Laws and World Trade Organisation “(ITL and WTO) will be held on 20 and 22 June for Group A and 24 and 26 June for Group B. Assessment test for International Taxation (INTT-AT) will be held on 27 and 29 June.
Also read ‘NEET exam is also postponed’
The circular again says there would be no change in the examination schedule in the event of any
day of the examination schedule being declared a Public Holiday by the Central Government or any State
Government/Local Holiday.
Candidates may note that two of the papers namely Paper(s) 3 and 4 of Foundation Examination are of 2 hours duration. Similarly, Elective Paper – 6 of Final Examination (under New Scheme) is of 4 hours. However, all other examinations are of 3 hours duration.
In Paper 3 and 4 of Foundation Examination and all papers of Post Qualification Course Examinations there will not be any advance reading time, whereas in all other papers/exams mentioned above, an advance reading time of 15 minutes will be given from 1.45 PM to 2 PM.
May 2020 CA exams
Foundation Course Examination is to be held along with Final Group –II Examinations on 27,29 June and 1and3 July and the Post Qualification Course Examination, that is, INTT – AT is to be held along with Final Group – II Examination on 27and29 June.
And ITL & WTO examination is to be held along with 4 papers, Group – I of Intermediate (IPC)/Intermediate Examinations. Detailed notification about the new schedule for CA exams is available here.
About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No.XXXVIII of 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. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest.
May 2020 CA exams – The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988.
The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
Over a period of time the ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Since 1949, the profession has grown leaps and bounds in terms of members and student base.