Times of India Correspondent
CFA Institute, Charlottesville, VA have CRASHED like a DUMMY just before TEST
:):):):):):):)
May 23, 2007 Wednesday
Times of India Correspondent
CFA Institute, Charlottesville, VA have CRASHED like a DUMMY just before TEST
:):):):):):):)
Times of India Correspondent
CFA Institute, Charlottesville, VA have CRASHED like a DUMMY just before TEST
:):):):):):):)
Breaking News- Just In
A United States Court Grants Icfais Request to Vacate an Injunction Wrongfully Obtained by CFA Institute No bar on using CFA charter in U. S. and Canada
On May 8, 2007, the U. S. District Court for the Eastern District of Virginia, vacated a Default Judgment issued against Icfai that the CFA Institute (formerly, AIMR) wrongfully obtained in October, 1998. Icfai recently moved to reopen the case and to vacate the Default Judgment because the Court lacked jurisdiction over Icfai at the time the Default Judgment issued. Recognizing the merits of the Icfai arguments, the Court vacated the October, 1998 Default Judgment.
To comply with the Default Judgment, Icfai advised its CFA charter holders that they could not use their charter or CFA in the U. S. and Canada. With the Default Judgment vacated, Icfai is pleased to inform all its CFA charter holders that its earlier communication on not using the CFA charter in U. S. and Canada may be treated as withdrawn.
Icfai welcomes the decision of the Court and reiterates its firm commitments to students, parents and industry in offering high quality educational programs.
:: Press Release ::
A United States Court Grants Icfais Request to Vacate an Injunction Wrongfully Obtained by CFA Institute No bar on using CFA charter in U. S. and Canada
On May 8, 2007, the U. S. District Court for the Eastern District of Virginia, vacated a Default Judgment issued against Icfai that the CFA Institute (formerly, AIMR) wrongfully obtained in October, 1998. Icfai recently moved to reopen the case and to vacate the Default Judgment because the Court lacked jurisdiction over Icfai at the time the Default Judgment issued. Recognizing the merits of the Icfai arguments, the Court vacated the October, 1998 Default Judgment.
To comply with the Default Judgment, Icfai advised its CFA charter holders that they could not use their charter or CFA in the U. S. and Canada. With the Default Judgment vacated, Icfai is pleased to inform all its CFA charter holders that its earlier communication on not using the CFA charter in U. S. and Canada may be treated as withdrawn.
Icfai welcomes the decision of the Court and reiterates its firm commitments to students, parents and industry in offering high quality educational programs.
:: Press Release ::
May 23, 2007 Wednesday
Times of India Correspondent
CFA Institute, Charlottesville, VA have CRASHED like a DUMMY just before TEST
gosh.....no wonder u cant make it to a good job and have to b content with ICFAI only.......just as your foolery so does ur idiocy make u stand out ..........
Supreme Court rules against ICAI- (ICFAI wins)-
In a landmark judgement delivered last week (May 16), supreme court has lifted a 16 year bar to allow CAs to persue CFA from ICFAI and hold the CFA charter as well. A high court order passed in 1989 did not allowed CAs from ICAI to persue CFA course from ICFAI.
The report is on page 18, times of India delhi monday edition.
The supreme court found ICAI policy surprising as mentioned in the report.
It is an another win for ICFAI to cement its position in fast growing investment industry.
There is a report in today Economic times too regarding this issue.
I think it is a matter of shame for ICAI and free publicity for ICFAI. As per the supreme court wordings, they are clearly surprised why an institute of excellence like ICAI have banned their members to persue and get the CFA charter. The report suggest ICAI policy of not allowing CA to persue CFA is an act of extrememe restriction which does not hold any rational substance.
I was most delighted by supreme court clear differentiation between a CA and CFA. The report suggest that CA has expertise in Auditing, accounting and taxation while CFA is a master in investment area. I hope Indian industry realises this clear demarcation and hire CFAs instead of CAs for investment research.
ICFAI have good relationships with SEBI but not with ICAI. Lets hope ICAI does not object CFA bill.
In a landmark judgement delivered last week (May 16), supreme court has lifted a 16 year bar to allow CAs to persue CFA from ICFAI and hold the CFA charter as well. A high court order passed in 1989 did not allowed CAs from ICAI to persue CFA course from ICFAI.
The report is on page 18, times of India delhi monday edition.
The supreme court found ICAI policy surprising as mentioned in the report.
It is an another win for ICFAI to cement its position in fast growing investment industry.
There is a report in today Economic times too regarding this issue.
I think it is a matter of shame for ICAI and free publicity for ICFAI. As per the supreme court wordings, they are clearly surprised why an institute of excellence like ICAI have banned their members to persue and get the CFA charter. The report suggest ICAI policy of not allowing CA to persue CFA is an act of extrememe restriction which does not hold any rational substance.
I was most delighted by supreme court clear differentiation between a CA and CFA. The report suggest that CA has expertise in Auditing, accounting and taxation while CFA is a master in investment area. I hope Indian industry realises this clear demarcation and hire CFAs instead of CAs for investment research.
ICFAI have good relationships with SEBI but not with ICAI. Lets hope ICAI does not object CFA bill.
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Please visit Orkut thread (CFA ICFAI India):
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Please visit Orkut thread (CFA ICFAI India):
Here is the link for Orkut thread:
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My condolences to L 1/L 2/L 3 students who were preparing for june 3 exams. Their careers have been wrecked due to CFA institute Objectivism.
I hope CFA institute gives one page Ad in ET and TOI.
Bye Bye CFA institute, Charlottesville, VA, 22903 USA
Due to privacy issue, we have decided not to celebrate here but there is huge celebration going on in CFA ICFAI INDIA orkut community to pay last respects to sad demise of CFA institute at this young age
Unbelievable
Hip Hip Hurray ICFAI
I have nothing to do whatsoever with this thread personally.
I just have very close friends caught in this unfateful situation, and it hurts to see such sadist remarks.
Nobody needs your "condolences" out there. They can find there way out of it.
ICFAI may be very good for all I care, but why would you want to celebrate at the cost of fellow students? It sounds way immature.
Does ICFAI have a course on ethics too?
Anyway, keep on celebrating and partying if that is what you want. Just stumbled upon this thread.
Regards,
Richa.
Y should not we?
We Were in the same situation as Ur the fellow Students r right now.
they Used two think that AMIR has rigester CFA Brand and ICFAI were like a CHOR using their register name...We respect the feeling of the students and work hard they put in.. and Hope for the Best..
But this is TIT for TAT for AMIR...
They filed A suit against ICFAI and now they have caught in His own Trap...
our sympthey r With AMIR.. whetever they need or not
Y should not we?
We Were in the same situation as Ur the fellow Students r right now.
they Used two think that AMIR has rigester CFA Brand and ICFAI were like a CHOR using their register name...We respect the feeling of the students and work hard they put in.. and Hope for the Best..
But this is TIT for TAT for AMIR...
They filed A suit against ICFAI and now they have caught in His own Trap...
our sympthey r With AMIR.. whetever they need or not
Very well said learning master. The legal cases are not run by emotions. Yes, students have been affected but followers will always be affected if leaders behave irrationally.
Why did CFA USA put a full page Ad in TOI and ET on Feb 12, 2007 ? That Ad was the crux of the matter and look at the devastating results.
CFA USA have not paid any taxes from its operation in India. You see ethics
.They took India for granted and they have learned their lessons.I think AICTE should charge some sort of penalty as well as redirect CFA USA to pay taxes on their past income in India. Then only CFA USA should be allowed start its operations again.
Guys, keep focussing on July exams. 😃
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Today is the hearing in the Honb'l Delhi High Court regarding the trademark case between ICFAI and CFA AIMR.
Let's see what happens today.
Precisely.
This is an interim order and CFA Institute will definitely contest it.
The case is not so easily solved. This is just an interim relief for ICFAI but a definite one and it has for sure strengthened ICFAI's position.
Just wait and watch and reserve all your comments for the final judgement my friends.
Secondly, why should we bash out at CFA Institute?
We should be more concerned about studying for our course and clearing the exams.
Yes, this judgement if anything, has definitely taken the ego out of US CFA followers but their plight is also very bleak as of now and we having gone through such times should be supportive of them, rather than come out with vengeance.
They learnt their lesson that their institute is not superior as they were made to believe and we should leave all the arguments at that only.
All the best to all for July exams.
Today is the hearing in the Honb'l Delhi High Court regarding the trademark case between ICFAI and CFA AIMR.
Let's see what happens today.
This case has nothing to do with AICTE vs CFA USA. The current case in delhi high court which you are talking about dates back to August 06 interim order.
The current battle is between AICTE vs CFA USA. AICTE is for the benefit of students and they cant allow foreign universities operate illegally without fixing course fee structure. Few CFA USA students wants to burn and destroy AICTE offices but truth prevails in the land of Mahatma.
I am getting a confirmed news that CFA USA have got June 2 as a date in Delhi High Court. On June 2, even if they are able to obtain stay order against AICTE , i am wondering how they will inform students whether they have to go for exams or not. Probably on June 3 morning, CFA USA students will come to know whether they have to go for exams or not !
What a mess created by meanspirited and egocentric leadership based in Charlottesville, VA, Zip: 22903
This case has nothing to do with AICTE vs CFA USA. The current case in delhi high court which you are talking about dates back to August 06 interim order.
The current battle is between AICTE vs CFA USA. AICTE is for the benefit of students and they cant allow foreign universities operate illegally without fixing course fee structure. Few CFA USA students wants to burn and destroy AICTE offices but truth prevails in the land of Mahatma.
I am getting a confirmed news that CFA USA have got June 2 as a date in Delhi High Court. On June 2, even if they are able to obtain stay order against AICTE , i am wondering how they will inform students whether they have to go for exams or not. Probably on June 3 morning, CFA USA students will come to know whether they have to go for exams or not !
What a mess created by meanspirited and egocentric leadership based in Charlottesville, VA, Zip: 22903
Man....you are on fire....you are spewing venom....pardon those souls please.
Waaahahahahah.
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I am tapping the flat world resources to see what non indian CFA Institute students based outside India thinks about the current turmoil in India created just 10 days before exams.
I am shocked to say that Global CFA Institute students who are taking exams on June 3 are rejoicing the fact that india is out and it will be easy to crack the exams. This is a humiliating display of selfishness and opportunism and CFA institute capitalist policies have to be blamed.
Let me repeat myself here with the gist: The CFA Institute current students based outside India are not supporting and not expressing compassion towards the unfortunate situation which have unfolded here.
Here is the proof:
http://www.analystforum.com/phorums/read.php?1,543127,page=1
Please see the post by Rizvi and Pimp. I will copy their statements from the forum and post here:'Finally some good news after such a long time....
with less Indians writing the exam - everyone else's probability of passing the exams increases :-).
Rizvi.'
Awesome!!! The curve will be lower now and we average people can pass!- pimp
My Dear,
I did mention that the case between ICFAI and CFA AIMR is about trademarks.
I never related it to AICTE vs CFA USA.
Mind you, todays hearing is about the trademark issue which is the root of all disputes and the outcome of this hearing will definitely create an impact positive or otherwise.
Do you have any idea to get fisrt hand information about the hearing.
Right Ketan. I dont have any first hand information regarding this case. I am not a legal expert. But i think ICFAI lawyers will use yesterday update to convince courts today.
If CFA Institute India at the moment is a non existent organisation, it is interesting to note how CFA trademark battle will be fought out.
I did talked to Mr Sarnikar (Chairman, ICFAI Group) about a month ago. He told me he is least worried about the case and biggest worry is to complete world class wi-fi enabled residential hyderabad campus construction on time !
Lets hope for the best.
Peace in Banjara hills, Hyderabad and Peace in Charlottesville, VA
babu...u REALLY do provide some good entertainment ! look @ Tumtum, who has projected the news in a dignified manner and look @ ur posts !
if it has escaped ur VERY LIMITED intelligence, the exams can be taken in Sri Lanka etc nearby countries...and value of the charter/exams remains the SAME as the exam is SAME , ALL over the world...what WIL chnge is that students will have to go to othr countries, spend more $$$, das all.but a few thousand rupees more is STILL worth it for CFA (AIMR).actually its worh for enthng that u passiontately want to pursue.but i think dats beond ur realm of undestanding cuz ALL dat u can do is waste time writing hate/angry/sadistic mails against ppl who have seem to have lost a career year for nof ault of their own.i dont blame u.ur just not good enough...shit happens !
and in cases liek this, there r more coutr battles etc, u cantdrive away a global Inst just liek that...worst case is i'll be giving L2 and L3 in SL or DUbai inda next 2 years...
btw...Tumtum, if i sounded rude...i am sorry...ws juss pissed wid dis all AICTE matter !
as for BABU...go get a life dood ! feel pity for u...
if it has escaped ur VERY LIMITED intelligence, the exams can be taken in Sri Lanka etc nearby countries...and value of the charter/exams remains the SAME as the exam is SAME , ALL over the world...what WIL chnge is that students will have to go to othr countries, spend more $$$, das all.but a few thousand rupees more is STILL worth it for CFA (AIMR).actually its worh for enthng that u passiontately want to pursue.but i think dats beond ur realm of undestanding cuz ALL dat u can do is waste time writing hate/angry/sadistic mails against ppl who have seem to have lost a career year for nof ault of their own.i dont blame u.ur just not good enough...shit happens !
and in cases liek this, there r more coutr battles etc, u cantdrive away a global Inst just liek that...worst case is i'll be giving L2 and L3 in SL or DUbai inda next 2 years...
btw...Tumtum, if i sounded rude...i am sorry...ws juss pissed wid dis all AICTE matter !
as for BABU...go get a life dood ! feel pity for u...
The hearing in the Hon'ble Delhi High Court has been postponed to July 27, 2007. This is the latest news from Delhi. Any way that hearing will be finished one day and I am hopeful that Icfai will once again come out as a winner. CFA Institute, USA has alrready lost the case in Virginia, USA court. Now they will loose in India too. Its only a matter of time.
At this point of time, I would like to suggest CFA Institute to start packing up from India and refund the fees of Indian students. Indian students should not pay the price for stupidity of the USA Institute. :grab:
At this point of time, I would like to suggest CFA Institute to start packing up from India and refund the fees of Indian students. Indian students should not pay the price for stupidity of the USA Institute. :grab:
babu...u REALLY do provide some good entertainment ! look @ Tumtum, who has projected the news in a dignified manner and look @ ur posts !
if it has escaped ur VERY LIMITED intelligence, the exams can be taken in Sri Lanka etc nearby countries...and value of the charter/exams remains the SAME as the exam is SAME , ALL over the world...what WIL chnge is that students will have to go to othr countries, spend more $$$, das all.but a few thousand rupees more is STILL worth it for CFA (AIMR).actually its worh for enthng that u passiontately want to pursue.but i think dats beond ur realm of undestanding cuz ALL dat u can do is waste time writing hate/angry/sadistic mails against ppl who have seem to have lost a career year for nof ault of their own.i dont blame u.ur just not good enough...shit happens !
and in cases liek this, there r more coutr battles etc, u cantdrive away a global Inst just liek that...worst case is i'll be giving L2 and L3 in SL or DUbai inda next 2 years...
btw...Tumtum, if i sounded rude...i am sorry...ws juss pissed wid dis all AICTE matter !
as for BABU...go get a life dood ! feel pity for u...
Ryan, if you are really passionate about US CFA, why don't you shift to USA and complete this so called prestigious course. I know you are irritated at this moment but noone can help you. You should always remember that everything from USA is not that good. We Indians are not behind these Americans. We have already proved that in software industry and now we will give them befitting replies in other areas also. I hope you are aware that CFAI has lost the case against ICFAI in Virginia court. Now Indian CFAs can also work in USA and Canada and can proudly say that I am a CFA from ICFAI, India.
babu...u REALLY do provide some good entertainment ! look @ Tumtum, who has projected the news in a dignified manner and look @ ur posts !
if it has escaped ur VERY LIMITED intelligence, the exams can be taken in Sri Lanka etc nearby countries...and value of the charter/exams remains the SAME as the exam is SAME , ALL over the world...what WIL chnge is that students will have to go to othr countries, spend more $$$, das all.but a few thousand rupees more is STILL worth it for CFA (AIMR).actually its worh for enthng that u passiontately want to pursue.but i think dats beond ur realm of undestanding cuz ALL dat u can do is waste time writing hate/angry/sadistic mails against ppl who have seem to have lost a career year for nof ault of their own.i dont blame u.ur just not good enough...shit happens !
and in cases liek this, there r more coutr battles etc, u cantdrive away a global Inst just liek that...worst case is i'll be giving L2 and L3 in SL or DUbai inda next 2 years...
btw...Tumtum, if i sounded rude...i am sorry...ws juss pissed wid dis all AICTE matter !
as for BABU...go get a life dood ! feel pity for u...
:grab:
Just in Simple word AMIR is A stupid insitute who even dont know how to register In others country,, what they will teach the student About the risk managment as their OWN risk managment is SHIT,,
The Poor Students ,,,