Reportedly hundreds of students sat on their second day of protests against the Institute of Chartered Accountants of india (ICAI) on Tuesday, demanding their right to get their answer sheets revalued. Meanwhile the students were also supported by a few qualified chartered accountants, who conduct CA coaching classes and their demand is for the ICAI to increase transparency in the paper correction process.
Furthermore the protests which began on Monday sought ICAI to amend Regulation 39(4) of the Chartered Accountants Act of 1949. According to the existing regulation, students cannot use his or her copy of answer paper to demand revaluation of the answers by ICAI, which means that while the student can demand a re-totaling of marks in his answer paper copy, he or she cannot expect the ICAI to examine the merit of not awarding marks for a particular answer.
Moreover Neeraj Arora, a CA educator, published a video on his YouTube channel around a week ago, prompting the ICAI to undertake reforms in the evaluation system of the institute. Perhaps he said that he was raising the issue at this juncture because this was when the ICAI is sending out copies of inspected answer papers to students who had applied for them and uploading ‘Suggested Answers’ to the May 2019 exams on its website.
