Today, the mood at the Thakur College of Engineering and Technology, Kandivali, was ecstatic as approximately 4,000 Chartered Financial Analyst (CFA) institute students (levels one, two and three) successfully took their examinations .
The exam was conducted at five centres in IndiaMumbai, Delhi, Chennai, Bangalore and Kolkataafter the Delhi High Court on May 31granted it permission to conduct exams in accordance with schedule in India.
The CFA institute had, on May 24, moved the Delhi High Court seeking a stay on AICTE's-notice to wind up its operations in India.
AICTE had issued a notice to CFA institute on a case filed by Hyderabad-based Institute of Chartered Financial Analysts of India (ICFAI), which questioned CFA institute's legality of operating in India with out necessary approval from the AICTE.
Students who could not appear for the exams can get a refund to their examination fee.
"The students who decided not to take the exams this June can come to us in mid-June and get the enrolment fee refund," said S V Balachander, CFA Institute's India Consultant.
According to a CFA institute official, exact figures on how many Indian students took the examination (either in India or abroad) will be ascertained only after few days as the institute needs to compile data from all the centres.