Direction to ICAI to postpone the instant CA exams scheduled to held from July 6, 2021 to any subsequent period, post normalization of Covid-19 crisis and till the completion of vaccination of the students, invigilators and other staff
A divisional bench of the court, comprising Chief Justice D.N. Patel and Justice Prateek Jalan, while hearing the matter through video conferencing, stated: “This seems to be a motivated PIL against the ICAI’s chief.”
The Institute of Chartered Accountants of India on Thursday has informed the Supreme Court that there are operational problems regarding certain Centres due to spike of COVID cases in Maharashtra and Tamil Nadu.
The Supreme Court today while hearing a petition challenging Institute of Chartered Accountants of India (ICAI) “opt out” option for CA exams, said that option for change of centre should be there in case the area becomes a containment zone.
“The Company (Devas) fraudulently raised foreign investment of Rs 579 crore and subsequently illegally transferred 85% of the investment out of India to its subsidiary in USA in the guise of investment and services fees etc,” the ED investigation revealed.