| The Chartered Financial Analyst (CFA) Institute’s level I exams scheduled for December 2007, registrations for which began this September, might not be held in India. |
| “We are following the court’s order by not admitting new candidates in the course. It is bad for the Indian candidates as they will not be registered even if they are ready to write the exam at a centre outside India,” said a CFA official. |
| With the institute’s writ petition before the Delhi High Court — challenging the All India Council for Technical Education’s (AICTE) decision prohibiting the CFA programme in India — pending, it has decided not to accept any registrations from Indian candidates wishing to write the December 2007 level I exam even if they wish to sit for the exam in any foreign country. |
| This implies the institute will not register fresh candidates for the programme from India. |
| The institute’s president and CEO, Jeff Diermeier has informed the Indian CFA aspirants about this development. A statement on the India website reads: “In view of the ongoing legal proceedings, we may not be able to hold the CFA exam in India on December 2, 2007 as scheduled. If we are unable to hold the exams in India, CFA Institute will refund your enrollment and registration fees.” |
| On May 31, the Delhi High Court stayed the All India Council for Technical Education’s (AICTE’s) order banning CFA’s Indian operations, but only with respect to the stay on examination. It ruled that all the other issues of application and registration would be heard later. |
| The institute had, on May 24, moved the Delhi High
Court seeking a stay on AICTE’s-notice to wind up its operations in
India. AICTE had issued a notice to the CFA institute on a case filed
by the Hyderabad-based Institute of Chartered Financial Analysts of
India (ICFAI), which questioned CFA Institute’s legality of operating
in India with out necessary approval from the AICTE. |
|
|
CFA Institute may not hold December exams in India
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Recent News :
- ICAI Handbook on NRI Residential Status: Key Tax & FEMA Rules Explained
- Congress Leader Alleges CAs Aid Tax Evasion, Sparks Debate Among Tax Professionals
- GST on Restaurant Bills: Chartered Accountant Explains How to Check GSTIN
- Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
- GSTN Enables Appeals for NIL or Zero Demand Orders on GST Portal
- NCLT Chennai Dismisses EY's Rs 3.11 Crore GST Fee Plea, Says ICAI May Examine Arrangement
- ESOP Taxation Under Income Tax Act 2025: Rules for Employees and Start-Up Workers
- Advance Ruling Under Income Tax Act 2025: Eligibility, Form 120, Fees and Procedure
- Corporate Mitra Course Begins with 2,879 Learners in First Batch
- FEMA Amendment 2026: Inventory-Based E-Commerce Now Allowed for Indian Goods Exports
Popular News
- Maintenance of Books of Accounts Under Income Tax Act, 2025
- Income from House Property Under Income Tax Act 2025
- HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions
- Doctor Pays Rs 58 Crore in Tax on Rs 149 Crore Income, Sparks Debate Over Taxpayer Value
- Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
