CA Student
15932 Points
Joined May 2011
Your exemption will be valid for Nov’16 exams as the exemption obtained by you in May 2015 exam would last for the next 3 exams, i.e. for Nov’15, May’16 and Nov’16, irrespective of the fact whether you appear in those exams or not.
ICAI Exemption FAQS: https://resource.cdn.icai.org/24309announ14197.pdf