Hi,
According to the statement released by ICAI, the students who were to appear for the May attempt which now has been shifted to July can opt out of exam. This means that students who have fear of COVID 19 pandemic can give the paper in November attempt and there examination fees will also be shifted to that attempt. Now it is to be considered that those students who are willing to give the papers, but around July there centres are declared in the red zone then they will also be automatically shifted to November attempt. Also even if a student would have given papers (say even three papers of any group) and after that there centre is converted into red zone, even then the student will be considered for next attempt and his papers would not be checked even.