Surrender of exemption.
It has been decided to allow the candidates to give option for surrendering the valid exemption already secured in to 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. 3rd September, 2012 in case of November, 2012 examinations.
My query is whether an exemption once surrendered will acculumate for remaining 2 attempts or it would be surrendered for all 3 attempts???
CAclubindia
