Surrender of exemption

Surrender of exemption.

It has been decided to allow the candidates to give option for surrendering the valid exemption already secured in toto in a paper/s on the basis of 60 percent marks, on the conditions that (i) exemption surrendered once shall be effective for all times to come for all the chances (i.e. upto a maximum of three immediate next examinations or all remaining chance/s) and under no circumstances the candidate shall be allowed to claim the surrendered exemption in future and (ii) on furnishing an affidavit to this effect on a non-judicial stamp paper of the value as applicable in the respective States. Candidates can exercise the option to surrender the exemption at any time during the currency of the validity of exemption but before the date prescribed for doing so i.e. 02nd March, 2016 in case of May, 2016 examinations.

A candidate who wants to surrender the valid exemption, in toto secured in a paper or papers on the basis of 60 percent marks in any of the immediate last three examinations (i.e. November 2014, May2015 and November 2015) is advised in his own Interest to write separately to the Deputy Secretary (Examinations) informing of his decision to surrender the exemption in toto along with a photocopy of the relevant mark sheet to enable the office to send further details in this regard and the proforma of the affidavit to be executed by the student. Candidates should note that the surrender of exemption shall become effective only after furnishing the requisite affidavit and on issue of confirmation letter to this effect by the Institute.

Candidates are advised in their own interest to send the letter for surrender of exemption alongwith affidavit separately by REGISTERED POST/ SPEED POST to the Deputy Secretary (Exams) so as to reach on or before 02nd March, 2016 and should not be enclosed along with the examination form. The Institute shall not accept the responsibility for any such request not received upto 02nd March, 2016 or sent along with the examination form in the same envelope. Candidates are also advised not to write about their intention/decision to surrender the exemption in the examination form and no cognizance of such writing/noting/request in the examination form will be taken into consideration.

https://icaiexam.icai.org/guide_final.php