Lok Sabha Question No. 1205 (UNSTARRED), answered on 2019-11-25
Subject: Problems of CA Students
Ministry: CORPORATE AFFAIRS
Asked by: S. Jothimani

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

UNSTARRED QUESTION NO. 1205 ANSWERED ON MONDAY, THE 25TH NOVEMBER, 2019 Agrahayana, 4, 1941 (Saka)

## PROBLEMS OF CA STUDENTS QUESTION

## 1205. SHRIMATI S. JOTHIMANI:

## Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) the measures taken by the Government to resolve the issues faced by Chartered  Accountancy  (CA)  students  highlighted  during  the  recent protests;
- (b) Whether the Government or ICAI will consider amending Regulation 39(4) of the Chartered Accountants Act in order to include the provision for reevaluation of answer papers, if so, the details thereof;
- (c)
- if not, the reasons therefor; and
- (d)    the measures being taken by the Government to bring transparency in the manner of declaration of results, marking scheme followed by ICAI, and  for  removing  doubts  of  the  students  regarding  the  regulation  of passing percentage?

## ANSWER

THE MINISTER OF STATE FOR FINANCE AND CORPORATE AFFAIRS

वित्तएििं कारपोरेट कार्य  मिंत्रालर् में राज्र् मिंत्री

- (a) ICAI conducts examinations in accordance with the Chartered Accountants Regulations, 1988 (as amended from time to time).    Taking Cognizance of the recent protests by CA Students, this Ministry conducted meetings with the Senior Officers of the ICAI including those associated with the process of examination and directed them to look into grievances of the Students.
- (b)to (d) Consequent upon meeting of the Ministry with representatives of ICAI on 26th September 2019, ICAI constituted a High Level Independent Committee, comprising the following members to look into the Examination processes/Regulations  governing  CA  Examinations  including  Regulation 39(4) of the Chartered Accountants Regulations, 1988 and suggest changes wherever required in the ICAI Examination System:-
-   Dr.  P. C. Jain, Government Nominee, Convenor
-   Justice (CA) Anil R. Dave, Former Judge, Supreme Court of India
-   CA  Ved Jain, Past President, ICAI
-   CA  Amarjit Chopra, Past President, ICAI
-   CA (Dr.) Girish Ahuja, Renowned Educationist

(SHRI ANURAG SINGH THAKUR)

(श्री अनुराग स िंह ठाक ु र)

The High Level Committee met on 7th October 2019 and held deliberation.  It  decided  to  invite  suggestions  from  students  and  other stakeholders on examination processes and changes, including regulatory changes, if any, required therein.  Accordingly, an on-line form was hosted on  the  website  of  ICAI  and  stakeholders  were  requested  to  submit  their suggestions on CA examination system on or before 10th November 2019. The suggestions so received are being compiled by ICAI and will be placed before  the  aforesaid  High  Level  Committee  for  its  consideration  at  its forthcoming meeting. Issues such as bringing more transparency in the manner of declaration of results, disclosure of marking scheme followed by ICAI and removal of doubts regarding ICAI regulating the pass percentage are under deliberation  by  the  High  Level  Independent  Committee.  On  receipt  of recommendations of High Level Committee, the same would be taken up for consideration by the Examination Committee/Council of ICAI.

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