Ever since the opt-out window for the Nov. 2020 CA Exams has been announced by the ICAI, students are having very much in doubt about it. Many questions are being asked consistently about this option.
On top of it, the Institute of Chartered Accountants of India (ICAI) has recently announced Nov. 2020 CA Exams Tranche II. This tranche II exams will be available only for the opted-out students. It will be held somewhere around Jan. end or Feb start in the year 2021. But this option has even added more confusion to the opt-out options.
Therefore, in today’s article, we will be discussing all such questions which have been very frequently asked by the CA Students. So, here is the detailed set of questionnaires:
Q-1. Can a normal student who doesn’t have any symptoms, choose to opt-out from Nov. 2020 CA exams?
Yes. The opt-out option can be taken by any students on a self-declaration basis. You don’t need to avail of any medical certificate/report before choosing this option.
You need to submit a self-declaration in the provided format and you can avail this option. To download the format of self-declaration, Click here.
Q-2. Can I opt-out during the exams?
Yes, the opt-out window will remain available throughout the Nov. 2020 CA Exams. You can opt-out anytime (even during the exams days). The last date for the opt-out window is 14th Dec. 2020.
Q-3. Can I appear for one group in Nov. 2020 and another group in Jan/Feb 2021, Is it possible?
Yes, it is possible. As the opt-out window will remain open during the entire exam period, you can choose to opt-out anytime.
Opting out from just one group is allowed only in circumstances when you have appeared for the one group in Nov. itself. To be more specific, you can appear for the First Group in FULL (all 4 subjects) in Nov. 2020 attempt, and then you choose to opt-out. In such a case your first group will be evaluated in Nov. 2020 exams itself. The second group which you opted-out can be attempted in Jan/Feb OR May 2021 depending on what you choose while opting out.
But, an important thing to note here is that reverse case is not possible. This means it is not possible to opt-out for group-1 and appears for Group-2 in the Nov. attempt. This is because the opt-out option is irreversible. If you choose to opt-out before the start of the exam (i.e. before group-1) then you opt-out from the entire exams (including Group-2).
Q-4. Is it possible to appear in both the attempt viz. Nov. 2020 and Jan/Feb 2021?
Yes, it is possible but ONLY under the circumstances mentioned in the Q-3 above. If you have appeared for your First Group in FULL in Nov. 2020 attempt and then you opt-out, then in such case you will be able to appear for the second group in Jan/Feb 2021.
Q-5. If I have appeared in Jan/Feb 2021, would I be allowed to appear in May 2021?
Yes, of course. The Jan/Feb 2021 exams are just an extension of the Nov. attempt. It means if you appear for Jan/Feb 2021 exams, it would be taken just the same way as you have appeared for Nov. 2020 attempt. Therefore, even if you have appeared for the Jan/Feb 2021 Attempt, you are allowed to appear in the May 2021 attempt normally.
Q-6. Will the results of both the attempts viz. Nov. 2020 & Jan/Feb 2021 be issued together?
No. The results of both the exams will be totally unrelated and it will be issued separately. The results will be issued around 50/60 days after the respective attempts.
Q-7. Do I need to submit a separate form for Jan/Feb 2021 exams?
No. Once you opt-out from the Nov. 2020 CA Exams and choose to appear in Jan/Feb exams, your candidature will automatically be forwarded to the Jan/Feb attempt without any new form submission. But if you choose to appear in May 2021, then you would be required to submit a new form at that time.
Q-8. Will there be two separate Rank/Merit List for the Nov. 2020 Attempt & Jan/Feb 2021 Attempt?
As the results of both the attempts are totally unrelated, the Rank/Merit List will also be totally independent. There will be two separate Rank/Merit List for both the exams. But keep in mind that all conditions for coming in Rank/Merit List will be applied normally.
Q-9. I have submitted a handwritten self-declaration instead of the form provided by the ICAI, Is it wrong?
The ICAI has clearly mentioned that students must have to submit the self-declaration in the give formats only. You have the option either to take the print out of the provided declaration and fill up the details and scan the image OR alternatively, you are allowed to write a handwritten declaration in the exact same format as provided by the ICAI.
If you have uploaded the normal declaration (not written in the prescribed format), still the ICAI may take your form as accepted but make sure you have mentioned your Name, SRN, Reason for Opting out, Attempt Chosen (Jan or May), Your Sign. These are the least requirement and these MUST BE provided in your handwritten application. If you have not provided these details, then please contact the ICAI Exam department helpline.
Q-10. What if I got exemption in two subjects in the Nov. attempt and again I got exemption in two (different subject) in Jan/Feb 2021 attempt, will I be allowed to forward all exemptions in May 2021 Attempt?
Although, the Jan/Feb 2021 exams are just an extension of the Nov. 2020 CA Exams. But for the results point of view, both the attempt would be considered separately. Therefore, students will be allowed to forward the exemptions of any-one attempt only. But the Official Clarification from the ICAI is yet to announce. We should wait to know the exact situation in this regard.
Although, I would suggest here that the students have already suffered a lot during this corona crisis. They should be allowed to forward their all exemptions to the May 2021 attempt.
The official announcement from the ICAI is yet to announce. I have carved out this FAQ on the basis of questions asked by CA Students.
I have tried to cover all the most frequently asked questions from you guys. This FAQ must have covered your question too. But if I missed your doubt, you are free to ask me by commenting in the comment section below. Alternatively, you could send me a direct message (DM) on Twitter or Instagram. You can find me by @niteshbind ID.
You can also watch the step-by-step procedure on How to Opt-Out from Nov. 2020 CA Exams here.
Article Written By: Nitesh Bind
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