· Around 6,000 candidates from India, who are appearing for the Chartered Financial Analyst (CFA) exams this year, will have to spend their own money to go abroad and appear for the exams since the US-based institute has decided not to hold the exams in India this year. The exams are scheduled for December 7 and only Level-I students will be appearing for it.
· The test centres will not be open in India for the December 2008 CFA exam even if permitted to do so by the Delhi High Court.
The CFA institute is embroiled in a legal battle with the technical education regulating body — All India Council for Technical Education. The CFA institute had filed a writ petition before the Delhi High Court in May 2007 — challenging the All India Council for Technical Education’s (AICTE’s) decision prohibiting the CFA programme in India. The case will now come up for hearing in December 2008.
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