Need some Opinions on CFA

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1835
I have a query about the TI BA II Plus Calculators.The BA II Plus and BA II Plus Profesional are available for 2450 and 3850 respectively with bill at Nehru Place, Delhi. Are these prices fine or am i being overcharged?

Also, in case somebody knows the exact location where I can get the calculator with bill at a cheaper rate, please lemme know.


Can someone knowledgeable please reply to my post
1836

Here is an update:

http://www.business-standard.com/india/storypage.php?tp=on&autono;=45953

ICFAI files contempt application against CFA in Delhi HCPress Trust Of India / New Delhi September 03, 2008, 19:12 IST

The ICFAI University has filed a contempt application in the Delhi High Court against US-based Chartered Financial Analyst Institute alleging violation of a Delhi High Court's order which had restricted it from enrolling students for the course.

ICFAI alleged that the US-based institute is registering new students and pressed for issuance of notice. However, the court said the matter would be taken up for hearing with the main petition filed by CFA challenging the single bench order disallowing it from conducting examinations in India.
However, counsel for CFA submitted that they are not violating court's order and only registering students outside India.
The division bench comprising Chief Justice A P Shah and Justice S Murlidhar, after hearing brief arguments, said the contempt application will be taken up for hearing along with the main petition on September 29.
On May 27 this year, the High court had allowed CFA to conduct June examination in India but prohibited it from registering new students.
Earlier, the CFA Institute had moved the high court seeking quashing of technical education regulator AICTE's order on ICFAI's appeal directing the US-based institute to end its India operations with immediate effect.
A single bench of the High Court dismissed CFA's petition seeking continuance of operations in India leaving in balance the fate of about 7,000 students enrolled with it.
CFA has been conducting the exam for the past 20 years.

1837
vivekvarendra Says
Can someone knowledgeable please reply to my post


check out the prices at bharat book center, ber sarai. As far as my memory goes the guy there was offering the calci for 3300 odd. not sure though if it was with bill or without.
1838
Here is an update:

ICFAI files contempt application against CFA in Delhi HC

.


Now what rediculous thing is this. Doesnt ICFAI has better things to do than keep on challenging CFA institute. Now if they manage to get stay on enrollments then i think we being indians will be disallowed to take the exam from outside india too.......

Now what sort of country is this where fakes rules the roost and the genuine are made to suffer in the hands of high courts and supreme courts........:argue:.......

poor we students......:huh:
1839
Now what rediculous thing is this. Doesnt ICFAI has better things to do than keep on challenging CFA institute. Now if they manage to get stay on enrollments then i think we being indians will be disallowed to take the exam from outside india too.......

Now what sort of country is this where fakes rules the roost and the genuine are made to suffer in the hands of high courts and supreme courts........:argue:.......

poor we students......:huh:


All the rant is fine, but read this "On May 27 this year, the High court had allowed CFA to conduct June examination in India but prohibited it from registering new students."

Now if this is true, then CFAI is clearly in violation of the Hon. court's orders by registering new students for the Dec L1 exam (and possibly for June 2009 exam too). ICFAI is not wrong at challenging this.

It is YOUR (and my) opinion that ICFAI is fake and CFAI is genuine, but you should not state it as a fact on a public forum since the matter is subjudice. It is a mere opinion unless proved otherwise in the court. Someone else may disagree with the same and they are not wrong too.

Hopefully some exciting news will come out in the next hearing.
1840

The court has prohibited from registering new students given the center mentioned is India, where as the CFA institute is only registering the Indain students who can only opt for centres outside India which is not a violation of the court's order...

So i feel this is not contempt of court... as the Indian students are registered as of now on a foreign land for their test...

All the rant is fine, but read this "On May 27 this year, the High court had allowed CFA to conduct June examination in India but prohibited it from registering new students."

Now if this is true, then CFAI is clearly in violation of the Hon. court's orders by registering new students for the Dec L1 exam (and possibly for June 2009 exam too). ICFAI is not wrong at challenging this.

It is YOUR (and my) opinion that ICFAI is fake and CFAI is genuine, but you should not state it as a fact on a public forum since the matter is subjudice. It is a mere opinion unless proved otherwise in the court. Someone else may disagree with the same and they are not wrong too.

Hopefully some exciting news will come out in the next hearing.
1841
esahihoonmain Says
The court has prohibited from registering new students given the center mentioned is India


Source of the information?
1842
anupamjain008 Says
Source of the information?


Anupam,

The basis of the case against CFA was its operation in India, it dosent matter if you're Indian national or belong to some other nation, you can take any course / degree, however given the court decision, you might not be able to take the exam in India.

All Indian national are free to take up any degree {higher education}, nothing bounds that. We live in a democracy. If you are Indian national taking exam in the US, how does that matter ?
1843

Hi,

I recently purchase an TI BA II Plus calculator for Rs.1850 and Professional was for Rs.2600 , with out the bill....

I guess for the bill he is charging pretty high, instead you can book a calculator through internet it costs around $50 plus some shipping charges...


vivekvarendra Says
Can someone knowledgeable please reply to my post
1844

True... the only reason the case is filed is because of its operation in India, and if CFA candidates are ready for giving exam outside the India it should not be a problem for them... as it abides by the courts order

Anupam,

The basis of the case against CFA was its operation in India, it dosent matter if you're Indian national or belong to some other nation, you can take any course / degree, however given the court decision, you might not be able to take the exam in India.

All Indian national are free to take up any degree {higher education}, nothing bounds that. We live in a democracy. If you are Indian national taking exam in the US, how does that matter ?
1845

Exactly, The Indian Judicial system can stop CFA Institute from offering the exam in India but cant stop Indians from taking the the exam at centres outside India. Stopping Indian candidates from taking exams at centres outside India will fall outside the jurisdiction of the Indian Courts.

Hence, even if CFAI is asked to wind up operations in India, i feel we would be still be allowed to take the exam at centres abroad.

1846
Anupam,

The basis of the case against CFA was its operation in India, it dosent matter if you're Indian national or belong to some other nation, you can take any course / degree, however given the court decision, you might not be able to take the exam in India.

All Indian national are free to take up any degree {higher education}, nothing bounds that. We live in a democracy. If you are Indian national taking exam in the US, how does that matter ?


The point that I am trying to drive here is that this is YOUR OPINION.
The other party has its own opinion.
And both are entitled to their opinion till the time the Hon. court gives a judgment.
Secondly, CFAI is definitely in contempt of court and lets stop spreading rumors and twisting facts. I have not seen the oficial report. The basis of my statement is the quote from the National newspaper which clearly states that there was no clause about the test center as mentioned above.

Lets stick to facts and help ICFAI/CFAI or any other institution who are trying to stop violation of the court orders, or at the least not outright support the violation just because we are enrolled students of the particular institution and of the opinion that the institute is infallible.
1847
The point that I am trying to drive here is that this is YOUR OPINION.
The other party has its own opinion.
And both are entitled to their opinion till the time the Hon. court gives a judgment.
Secondly, CFAI is definitely in contempt of court and lets stop spreading rumors and twisting facts. I have not seen the oficial report. The basis of my statement is the quote from the National newspaper which clearly states that there was no clause about the test center as mentioned above.

Lets stick to facts and help stopping ICFAI/CFAI or any other institution who are trying to stop violation of the court orders, or at the least not outright support the violation just because we are enrolled students of the particular institution and of the opinion that the institute is infallible.


My friend,
That is not my opinion, we live in a democracy, you have the right to take decisions which does not influence the interest of others. CFAI has respected the courts decision by not offering any exam center in India, that' is perfectly okay and legal for Indian jurisdiction.

For example - If you find interest in MBA / Tech programs offered by North Korea, Pakistan, Iraq, you can very well opt for those, however, you wont find centers in India, where you could follow these courses. However, you might take exams in these countries - provided you get your visa approved for these nations.

Hope that clarifies,
1848

My friend,
Did you read the report published in the newspaper? It clearly states that the CFAI is NOT permitted to enroll new students.

Please give a source when you state that "CFAI has respected the courts decision by not offering any exam center in India". There is a complete ban on enrollment as far as I can understand the news article above.

If you have a source for the center part, that will end the discussion right here. Otherwise better to keep these rumors off the record.

1849
My friend,
Did you read the report published in the newspaper? It clearly states that the CFAI is NOT permitted to enroll new students.

Please give a source when you state that "CFAI has respected the courts decision by not offering any exam center in India". There is a complete ban on enrollment as far as I can understand the news article above.

If you have a source for the center part, that will end the discussion right here. Otherwise better to keep these rumors off the record.


Every Indian is free to pursue any course offered anywhere in the world. The Indian legal system has no jurisdiction in matters happening outside its territory. The Indian judicial system has no say in what CFA Institute is doing outside India.

And if it really does so, then do you mean that Indian Courts will frame a case against the 7000 odd people taking the exam at centres abroad thereby debarring them from taking the exam? You should understand that there is no basis for taking such an action on a matter which does not pertain to Indian territory.

The case is about CFA Institute not having registered with AICTE for conducting the exams in India and not about allowing Indians to pursue the CFA Program.

The entire case dwelves upon the operations of CFA Institute in India. Please try to understand the actual reason for the conflict and hence the case. If the exam is offered outside India, there is no need to register with AICTE and hence there is no case.
1850

True... I completely agree with you...

I do not understand on what basis ICFAI has filed an contempt of court against CFA...

If i am ready to go abroad and give the exam what problems do they have... i am not asking them to pay for the trip...

Well lets hope for the best and wait for the crucial 29th September verdict which should put an end to all the rumors and controversies....

Every Indian is free to pursue any course offered anywhere in the world. The Indian legal system has no jurisdiction in matters happening outside its territory. The Indian judicial system has no say in what CFA Institute is doing outside India.

And if it really does so, then do you mean that Indian Courts will frame a case against the 7000 odd people taking the exam at centres abroad thereby debarring them from taking the exam? You should understand that there is no basis for taking such an action on a matter which does not pertain to Indian territory.

The case is about CFA Institute not having registered with AICTE for conducting the exams in India and not about allowing Indians to pursue the CFA Program.

The entire case dwelves upon the operations of CFA Institute in India. Please try to understand the actual reason for the conflict and hence the case. If the exam is offered outside India, there is no need to register with AICTE and hence there is no case.
1851
Hi akshat

congrats for clearing L2 .I took L1 in june 2008 and couldnt clear since I fared badly in Quant and Ethics ...I guess I failed to cover entire portion or rather failed to remember the concepts when it mattered .I have regd for dec 2008 exam , but I am really finding it hard to remember every concept from all 10 areas .I have again started to read from the begining and hope to keep a month before exam for revision .It would be great if you could give any thoughts abt my preparation also feel free to differ.How did it work for you ??


I think its ethics where CFA people are really finicky. If u screw it up, u are out. I have another friend who failed to clear Level 1 just because he had less in Ethics.
So keep a specific portion of time for that, especially two weeks before the test. What we usually do is, we take ethics as an unimportant topic, but mind u, dont commit that mistake.

start of with quants and Eco. Then move on to FSA. Then start with corp fin. This way ur TVM fundas of quants will be revised in corp fin. Then move onto equity valuation, then fixed-income. do derivatives in detail since thats an important topic. Then move to portfolio management and alternative investments.
Mug up the 7 standards and there sub-standards for ethics. Practice as many questions for ethics as possible. Its very confusing and u'll get the hang of it only by practice.

Hope this is enough
More gyan later

Cheers
Akshat
1852

@ esahihoonmain, vivekvarendra, anupamjain008

This thread was made to discuss CFA career prospects and preparation guidance.
please dont spam the thread with discussions(read fights) on judicial, legal and ethical issues.
Also lets not discuss abt ICFAI vs CFAI.
This is a humble request.
I hope u guys understand.

cheers
Akshat

1853

Hey Akshat

Thanks for the info on how to proceed with L1.
2 question wrt to the exam..
1. Do the topics (FSA, TMV, ethics etc) has specific weight age in the exam?
2. What are the cutoffs for these topics ( in your previous post you had mentioned that one of your friend had failed to clear Level 1 just because he had less in Ethics )

Thanks

1854
Hey Akshat

Thanks for the info on how to proceed with L1.
2 question wrt to the exam..
1. Do the topics (FSA, TMV, ethics etc) has specific weight age in the exam?
2. What are the cutoffs for these topics ( in your previous post you had mentioned that one of your friend had failed to clear Level 1 just because he had less in Ethics )

Thanks

Topic Area Weights - refers to your query on weightage for the exam.