“an examinee is entitled to satisfy himself/herself as to the fairness and transparency of the examination”.
The HC did so in a recent decision against India’s Public Service Commission in which it ordered that the PSC publish the marks obtained by candidates in the nation’s Public Service entry exams.
The CFA may be subject to the jurisdiction of Indian courts. That is a matter for anyone wishing to pursue the matter in India to consider , in consultation with lawyers who practise in that jurisdiction.
Take it from me, it ain’t happening. The Indian legal system is a complete joke. The cfa would sooner not give the exam In India then be forced by the Indian government. The only government that might be able to do this would be the US. But they are too busy with other stuff.
This is from the CFA Board of Governors meeting minutes held on May 5, 2012:
It was announced that the litigation between CFA Institute and regulators in India had finally reached a successful resolution. The matter began when the All India Council for Technical Education (AICTE), India’s education regulator, ordered CFA Institute to cease all operations of the CFA Program in 2007. This matter was subsequently moved to the Delhi high court; and recently the AICTE announced to the Delhi high court that it** did not need to regulate the CFA Program in India, and the matter was closed.**
Dude, the CFA just finally started offering exams in India after boycotting the nation for over a decade because of an argued copyright infringement. Before this Indian candidates had to fly out of the country to sit the exam (which they would). Even if the matter had not been resolved as eaber81 stated, the Indian government isn’t forcing the CFA to do anything. Anyhow, sixth time’s a charm… get those books out!
Ya the only debatable matter was between ICFAI hyderbad & CFAI, US where the use of 'CFA" in particular was in question. AICTE matter was unveiled by ICFAI when they were desperate to take CFAI to the court. Eventually both the matter settled down. Now ICFAI doesnt offer CFA charter anymore to new students. Existing Indian CFA will have to write CFA from ICFAI in paranthesis to distinguish themselves from the CFA, US.
UPSC exams are held for civil services in India so there an Inidan High court may compel for the exam scores. By any means I dont see that thing happening for CFAI.
Also Monk, take it from me, I spend quite abut of time in India in court, the Indian legal system would arbitrate over this for decades. There are 100 year old legal proceedings in India.
+1 to what ChickenTikka says here… There was a laughable incident as well recently covered in the media here. Judicial people reached the house of complainant and accused in a particular case, to learn that they both were dead around 20 years ago!!! Not proud of it being an Indian, but then thats the way it is and have to live with it…
Ok, now even if CFA is taken to court in India, CFA would just boycott this country and move on. People would continue like five years ago, when people had to go out of the country to write the exam. Many of them wrote from Singapore, Malaysia, Srilanka, Nepal etc!
And by the way monk, what are you trying to prove here mate? Is it that you want CFA to disclose your marks and why you failed? Frankly, I would trust the institute and what does the institute anyway gain by failing me? You mean the registration amount each year? That money they can get by failing others as well anyway!