Hi All,

Please post any updates you get on todays judgement here as soon as possible so that it is easy for everyone to view.

Thanks.

Hope the issue is finally resolved in our favour...Thanks Surfer for your regular updates

Hi Everyone

The matter could not be concluded today and a final decision is expected on Tuesday. The arguments were on the following lines:

1.The CFAI is not actively involved in the imparting of knowledge and therefore is not covered under the jurisdiction of the AICTE. It is merely testing the knowledge of the candidates.

2.The curriculum of the CFAI falls under technical education and not management. As such it does not make a person qualified to manage a business enterprise.

3. The CFAI does not confer any Degree or Diploma but a Charter for which there are other requirements also such as meeting the ethical and professional standards and being a regular member of the CFAI.

All the participants of this forum can post their views on this thread and how far they agree / disagree with the above.

i do not get wht they are gribbing for ... because tht longer the case goes the more are the ppl gonna have a bad option on icfai n AICTE...



Edited 1 time(s). Last edit at 11/25/2007 01:39PM by kprofessionals.

to surfer

hey i have n word to describe how much ur effort of tracking have helped us here in this utter uncertainly.... i just wanna no why is it taking so long ... is it tht the plainteff are trying to extend the case to prevent the exam in this dec to take place or the court is at fault ... because as i see today is 7th n 11th is the day of next hearing... it only 4 day to d day ....

is the tuesday gonna be the finnal or its possible tht it can go on ahead

Gaurav relax.... how can surfer or for that matter anyone else except the High court judge tell you that how long it will take..... At the best i can provide you the phone number of the judge.. you can call him and ask him directly... let me know if you need it...

till then

Hey Surfer ,

Thanks a lot for all the help, Seriously, you have lot of patients.

CFA definitely does not falls under Technical Edu and it seems according to AICTE act Foreign Institutions may not have to register, the bill or amendment is still pending in the Parliament, which mandates any Foreign Institute to register with Govt of India or the Resp Authorities. I am not sure about this. Nevertheless,
The Supreme Court has dismissed a plea by ICFAI against CFAI. The Article has appeared in Economic Times. This is a positive sign. Even if the matter goes to Supreme court, the judgement should be in favour of CFAI. As SC does not entertain any unwanted pleas like the ICFAI's.

Cheers..

hey thunderman

i was just asking abt the way its going .. one can get n idea.... n if time come i would not mind calling up the judge so i can do with the no ..lol

n offence intented dude

gaurav

Hi Everyone

It's just that the concluding arguments are taking a long time from both sides. I don't think any side is trying to delay the matter. Of course, for the candidates who are on the receiving end of this whole episode, their patience must be wearing thin. And since the case is proceeding in the High Court, I think it can definitely be taken up by the supreme court later on. BTW, I think the objective of the ICFAI was to bypass the judiciary altogether and get a bill passed by the Indian parliament (CCFA bill or something like that). I don't know how far they have progressed on that front. As far as I know, Parliament is supreme and if the bill is passed, it will add a new complication to this whole episode. The battle is on at multiple fronts and every day there is some new development. I don't think this matter is going to be resolved anytime soon. Anybody with any comments / suggestions for the candidates please post them for everyone's benefit.

These Icfai guys first had problems with CA's in India and now with an Internationally recognised body.By taking some illterates from AICTE,they are really making selfish benefits from its positon of being a creation of state legislature act. Its destroyin education in India.Instead of competing with CFAI, it want to have a positon as CA and CS havin in India.God knows what knowledge it will impart in India when maximum of the subject coverage will be from USA itself.Its standard will be really poor.If a solution could be find to ban ICFAI in India.



Edited 1 time(s). Last edit at 09/08/2007 12:53AM by kaustabh.

hey gaurav,
i am glad that u took it in the right spirit.. i just wanted to lighten the tense mood! no offence was intended from my side too..

kaustabh,
i think its a brilliant idea to ban icfai altogether.. remove the problem from its root! anyway the things taught by them are either copied or are useless...

lets hope that this 11th becomes 9/11 for icfai!

surfer

so there are every chances of the case going on further...did the issue of dec exam payment come up..( i am just asking out o deep curosity).. and regarding the bill u just said.. supreme court can upheld any bill passed by the parliament as long as it is against the constitution n judgement passed by the suprem court...



Edited 1 time(s). Last edit at 09/08/2007 02:12AM by gaurav.

one thing i came across when i was trying to register from a address abroad was that one can not use indian credit card for payment of fee even if u are giving the contact address detail of a aborad location... when u are in the payment section we can we have to select billing counrty in which india is not there... so i think one should use credit card of other country for registration ..

plz corret me if i am wrong ... this is the thing i saw while registering



Edited 1 time(s). Last edit at 09/08/2007 02:11AM by gaurav.

See Gaurav Apex Court can't take any decision effecting the rulling retroprospectively.So if the present situation is solved in CFAI favour, it will definately give some space to CFAI. Also parliament rulling can't have any immediate effect, it will give all organisations a reasonable time (may at least a year or so) to comply with such requirements
So everything depends on present CFAI vs. AICTE

i just dont understand the logic of AICTE moving against CFAI so quickly.. there are so many insitutes operating in india which are not recognised by AICTE (even ICFAI figures in this list multiple times) but no action has beent aken against them till now. then why CFAI???

and more so icfai and ACITE lawyers getting together to drive CFAI out of india? why this nexus.. something is definitely wrong!

just hope that the courts are able to see this anamoly and take a well informed decision.. and like everyone else, i also have full faith in the indian judiciary.

lets hope for the best.
analystcfa



Edited 1 time(s). Last edit at 09/14/2007 11:07AM by analystcfa.