Auto driver’s CA son drives on the road to riches

Times of India | 2 months ago | 29-09-2022 | 05:06 am

Auto driver’s CA son drives on the road to riches

SURAT: Life has been anything but a smooth ride for Shyamlal Tamboli who navigates his auto rickshaw through Bhilwara's traffic to earn about Rs 8,000 a month. But the son of this Rajasthan man of humble means is set to wheel in riches when he charts a glittering career in finance and accounting in the Diamond City. Shashank Tamboli with his tutor Ravi ChhavchhariaAt 20, Shashank Tamboli has cleared chartered accountant (CA), company secretary (CS) and cost and management accountancy (CMA) exams with his academic brilliance getting nurtured in Surat. His tutor Ravi Chhavchharia, who coaches CA/CS aspirants from poor families for free, said Shashank is the youngest in the country to clear all the three exams which not just demand brain power but also puts students through the grind. Shashank Tamboli, who cleared CA and CS last year, passed the CMA finals, the results of which were announced on Tuesday. "I was interested in the commerce subject after Class 10 and CA is the best career after Class 12. Hence, I decided to pursue it and came to Surat for higher studies. Ravi sir encouraged me to do CS and CMA too as some portion of the syllabus is similar to CA," says Shashank, who works with an IT company earning Rs 10 lakh per annum. Shashank continues to live in the one-room kitchen house in Bhilwara with his parents and younger sister and works from home. "My parents could not study due to financial constraints in their families. But they provided me with an opportunity to study. I look forward to becoming an IAS officer now," Shashank told TOI. Not upgraded to a smartphone, Shashank still uses his simple phone with a QWERTY keypad. "Shashank studied in a government school in Hindi medium in Bhilwara. But his dedication and hardwork overpowered all other challenges," said Chhavchharia, adding that he is the youngest in India to clear CA, CS and CMA. Earlier, Surat's Aditya Jhawar became the youngest to clear CA, CS and CMA in 2017 at the age of 21. Shashank completed CA in July 2021 with 480 marks out of 800, CS in December 2021 with 493 out of 800 and CMA final with 462 marks out of 800. He secured All India Rank 13 in CMA final exam. He cleared CA and CS while preparing for the courses during the global Covid-19 pandemic. His younger sister Shweta cleared Class 12 with 84% and appeared for NEET recently.

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Plea seeks ‘pass’, but HC says ‘fail’
Ahmedabad Mirror | 1 week ago | 21-11-2022 | 06:00 am
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In an important judgment related to the open book examination of chartered accountancy course, the Gujarat High Court has held that students can’t expect to clear the exams based on answers they “cut and paste” from the open book.The court held, “An open book exam would not test the intellectual abilities of a candidate, the understanding of the subject and his or her acumen.”The court was hearing a petition filed by Vishesh Shah, a CA aspirant. He appeared in the final level examination held by ICAI in May 2022. Paper 6F was a paper which was to be conducted as per open book methodology.ICAI declared that he had used “unfair means” to clear the exam which Shah challenged in the HC. In a communication to the student, ICAI said that his answers to the descriptive questions in the exam were “cut and paste” from the book.The student contended that the action of ICAI in declaring him as “fail”, after having assessed him in the papers, was in violation of principles of natural justice. The examination was an open book examination and therefore if he had pasted the answers from the extracts of the book, it would not amount to any unfair means.The court said, “Basic common sense would indicate that the concept of examination is a formal test conducted to evaluate a person’s knowledge of a particular subject. The examination assesses a candidate’s aptitude, skills and physical fitness and his mental acumen to assess the question and then answer accordingly.”It further said, “Facts of this case indicate that what the petitioner had done was cut and paste the study material and expected the institute to treat them as answers which do not give ICAI to assess his ability, aptitude or acumen to become a Chartered Accountant.”

Plea seeks ‘pass’, but HC says ‘fail’