Supreme Court's Hearing on Opt-Out Option by ICAI



Quick Summary
The Supreme Court has heard a Public Interest Litigation (PIL) challenging the Institute of Chartered Accountants of India's (ICAI) 'Opt-Out' scheme. Filed on behalf of the India Wide Parents Association, the PIL argued the scheme was discriminatory and also requested more exam centres and COVID-19 precautions. Following initial hearings, the court directed ICAI to file an affidavit and later to issue a comprehensive notification addressing student concerns. Due to rising coronavirus cases, ICAI sought an adjournment to assess the feasibility of conducting the exams, with the Supreme Court ordering them to investigate this further.

A PIL was filed by Advocate Alakh Alok Srivastav seeking to put stay-on the "Opt-Out" Scheme by ICAI, calling the scheme as discriminatory. The PIL filed by the advocate on behalf of India Wide Parents Association also seeks more Exam Centres and more precautions from coronavirus. The first hearing of the PIL was held on the 26th of June, 2020 led by a two-judge virtual bench- HON'BLE MR. JUSTICE A.M. KHANWILKAR HON'BLE MR. JUSTICE DINESH MAHESHWARI. Upon hearing the Counsel the Hon'ble Court ordered, "ICAI seeks the liberty to place certain facts on record by way of an affidavit, which it intends to file before 29th June 2020 through e-mail. Accordingly, the matter will be listed on 29th June 2020."

The second hearing of the case was held on the 29th of June 2020. Hon'ble Court ordered ICAI to prepare a comprehensive notification addressing all concerns of CA Students and the matter will be next listed on the 2nd of July.  After the hearing was held Advocate Alakh Alok Srivastav took to Social Media and tweeted, "I am Grateful to Hon’ble Supreme Court for hearing me in length today in our CA Exam PIL. Upon hearing the parties, Court has directed ICAI to prepare a comprehensive Notification, addressing all concerns of CA Students & to follow MHA Guidelines. Matter was next listed on 2nd July ." 

As on the 2nd of July, ICAI sought a one-week adjournment to check whether this Exam can be even conducted or not due to the exponential rise in coronavirus cases. SC accordingly directed ICAI to check if it is possible to conduct this Exam. The next hearing is on the 10th of July

The PIL had been filed on behalf of the India Wide Parents Association seeking to put stay on the Opt-Out Scheme on the 23rd of June. After the PIL was filed ICAI had further extended the last date to avail the option to Opt-Out from July 2020 CA Exams. 

Supreme Court's Hearing on Opt-Out Option by ICAI

Also Read:
What is Opt-Out Scheme by ICAI?

FAQ :

A Public Interest Litigation (PIL) was filed arguing that the ICAI's 'Opt-Out' scheme was discriminatory and sought a stay on it.

The PIL was filed by Advocate Alakh Alok Srivastav on behalf of the India Wide Parents Association.

The Supreme Court initially ordered ICAI to place certain facts on record via an affidavit and later directed them to prepare a comprehensive notification addressing all concerns of CA students.

ICAI requested an adjournment to check if it was possible to conduct the exams due to the exponential rise in coronavirus cases.

The Supreme Court directed ICAI to check the feasibility of conducting the exams.

The PIL was filed on June 23rd, seeking a stay on the 'Opt-Out' scheme, and also requested more exam centres and increased coronavirus precautions.




News posted by

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.

Comments :


More »


Popular News





CCI Pro