CMA Uttam Bhandari THE INSTITUTE OF ... - Ahmedabad...

Dear all Professional Colleagues and Seniors of Profession,I sincerely thank to all members for giving me opportunity to serve the profession as Chairman of Ahmedabad Chapter of ICAI. It is my pleasure to communicate with all of you for the first time in the capacity of Chairman of Ahmedabad Chapter of ICAI.

I ,heartily congratulate CMA Ashish Bhavsar, CMA Manish Analkat, CMA Utkarsh Yagnik and CMA Hetal Shah for being elected unanimously as Vice Chairman, Hon. Secretary, Treasurer and Joint Treasurer respectively of Ahmedabad Chapter. I also congratulate to other committee members and invitee for being part of management committee of Ahmedabad chapter. With this strong team and with support from all of you, we will put in our best efforts to serve the

profession during the year. I am blessed to have the guidance from all the seniors of our profession. They may rightfully correct me whenever they feel so. I am also delighted to inform you that CMA Pradip Desai is elected as Regional Council member as well as elected as Vice Chairman of the Western India Region Council. I heartily congratulate him.

The Ahmedabad Chapter has won the best chapter award in Category – “A” in WIRC for the year 2014-15 under the leadership of Chairman Shri. R.B. Kothari. I congratulate CMA R B Kothari for his contribution in the last two years in the progress of our chapter. For institute like ours, performance is counted by way number of activities carried out in the interest of Members and students over and above Balance Sheet and Profit and Loss figures, which are simply number. Being in a leadership role this year, I will devote time for our profession. I shall be always available on telephone and email as in the past.

Students: Every year chapter is organizing Advance Excel Training which is latest requirement of the industries, the same will remain continue for the current year also. I am also happy to inform that Chapter is also organizing industrial training, soft skill and group discussion program for the students of final and intermediates. The chapter is also organizing 15 days orientation program for the final pass out student in June, 2015 exam for the campus placement organized by the institute in October, 2015. 38 fresh CMAs has participated in the program. The program was grand success and I am delighted to inform that 6 candidates has selected in campus placement held at Mumbai and they have been offered salary package between Rs.4.50 lacs to Rs.7.50 lacs. I assure you that the same initiative will be taken in future also. Result of the Ahmedabad chapter for June, 2015 exam is encouraging. 53 students has completed final and 57 students has completed intermediate. I heartily congratulate all the student for their success. I also assure that oral coaching activity at the chapter level will be more strengthened to improve the results at chapter level.

Members:- Ahmedabad Chapter has successfully conducted various CEP programs, i.e. The Companies Act, 2013, The Companies (Cost Records and Audit) Rules,2014, Internal Audit & Health care cost management , XBRL. As part of professional development our

thinstitute has announced Corporate Cost Management week 2015 during 12 thOctober,2015 to 18 October,2015.The theme of the program is “ Business Excellence

Through Cost Management”. We will also organize same program as part of celebration within that period. Details of the program will be announced soon. I request all the members to take advantage of CEPs organized by Ahmedabad Chapter on topics of importance for profession as well as to improve the knowledge and skill of our self.

5oth Golden jubilee year of the Chapter :th Our chapter was established in 1966. Being 50 year of the chapter, we wish to celebrate as

News Letter April to September - 2015

Continued on Page 5

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THE INSTITUTE OF COST ACCOUNTANTS OF INDIATHE INSTITUTE OF COST ACCOUNTANTS OF INDIATHE INSTITUTE OF COST ACCOUNTANTS OF INDIA

AHMEDABAD CHAPTERAHMEDABAD CHAPTERAHMEDABAD CHAPTER

OFFICE BEARERS2015-2016

IDEALS THE INSTITUTE STANDS FOR

To develop the cost and management Accountancy Profession.

To develop the body of members and properly equip them for function.

To ensure sound professional ethics.

To keep abreast of new development.

INSTITUTEHEAD QUARTERS

12, Sudder Street, Kolkata - 700 016.

Regional OfficeWIRC OF ICAI

Rohit Chambers, 4th Floor, Janmabhoomi Marg, Fort, Mumbai-1.

CHAPTER OFFICE

CMA V.H.SavaliyaChairman

CMA Ashish BhavsarVice Chairman

Manish B. AnalkatSecretary

CMA Utkarsh YagnikTreasurer

402/403, Shoppers Plaza Unit - III, 4th Floor, Opp. Municipal Market, C.G. Road, Navrangpura,

Ahmedabad-380 009. Telephone : 079-26403616, 26409561

Email : [email protected], [email protected] : www.icmaiahmedabad.in, www.icmai.in

Timings : 8.00 am to 8.30 pm

Chairman’s Communique

CMA Hetal S. ShahJoint Treasurer

EDITORIAL BOARDCMA Uttam Bhandari

CMA Hetal S. ShahCMA Ila Patel

CMA H. C. ShahCMA Malav Dalwadi

"You must not lose faith in humanity. Humanity is an ocean;

if a few drops of the ocean are dirty, the ocean does not become dirty."

- Mahatma Gandhi

Happy Happy Diwali Diwali && New Year New YearProsperous Prosperous Happy Diwali & New YearProsperous

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CMA P.H. Desai, RCM of WIRC offering bouquet to CMA Nisha Dewan, Joint Secretary - CEP

Photo Gallery

Mr. Natrajan, Advisor, TDEC, Faculty delivering presentationon "Health Care Cost Management"

View of participants during "Health Care Cost Management Programme" CMA Hetal Shah, Joint Treasurer introducing Chief Guest & other dignitaries on the dias

Chief Guest Shri Nitinbhai Parekh inaugurating the function by lighting of lamp

Welcome Speech by CMA V.H. Savaliya, Chairman of chapter


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ChairmanCMA V.H.Savaliya

CMA Ashish BhavsarVice Chairman

Manish B. AnalkatSecretary

CMA Utkarsh Yagnik is an Associate Member of the Institute. He is presently working at Standard Chartered Bank as Analyst – Credit Assessments.

He has more than seven years of experience in the fields of Banking, Finance Modelling, Credit Risk Analysis, Costing and Accounting. He is associated with the chapter since past five years.

CMA Utkarsh YagnikTreasurer

CMA Hetal ShahJoint Treasurer

CMA Manish B Analkat M.Com, FCMA started Carrier with M/s Kiran J Mehta & Co. Cost Accountant in 1995.

Partnership with M/s Kirna J Mehta & Co 1999 to 2005.2005 On wards practice in individual name.

Major industries covered Mining, Telecom, Automobiles, Electricity, Textile.Committee Member 2009 to 2013

10

He was the Treasurer of the Chapter for the period 2013-15. He is also actively involved in various social activities.

He was also the vice chairman

of the chapter for the period of 2013 to 2015

CMA Ashish Bhavsar is a fellow member of the Institute. He is academically sound and dynamic personality. He got merit in the final examination of the ICAI. He has been in practice as cost & management accountant since last 12 years. He is actively associate with ICAI – Ahmedabad Chapter for last 10 years. He was treasurer of the chapter from 2010-11 to 2012-13. He was also secretary of the chapter from 2013-14 to 2013-15.


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Continued from page - 1

“Golden Jubilee year” by organizing more seminars / programs. I sincerely request to all members provide their suggestions and active support in all the activities / programs to be conducted in chapter.

As tradition of the chapter every year, we are organizing get to gather after Diwali, this year also chapter has organized New Year Get-to Gather program on 20th November, 2015 . May I request all of you to join us and make it a grand success.

WISH YOU ALL A HAPPY DASHERA, DIWALI AND BRIGHT & PROSPEROUS NEW YEAR .

With ward regards,

CMA VINOD SAVALIYAHon. Chairman

A CEP program on Health Care Cost Management

ICAI Ahmedabad Chapter has organized one day CEP Program on “Health care Cost Management” on 5th July'2015 at Chapter office. CMA Ashish Bhavsar, Vice Chairman of Chapter, welcomed Ms. Nisha Diwan, Jt.Secretary, Mr. Natrajan-Faculty for the program and members present. CMA Nisha Diwan- Jt. Secretary given introduction of Mr. Natrajan, Faculty. She also appealed to members to join Benevolent Fund scheme and describe advantage of scheme. Mr. Natrajan, Faculty submitted his presentation by highlighting health care cost management concept and system. He says there is a need to have systematic and scientific costing system in the hospital.

CMA Manish Analkat, Secretary of ICAI-Ahmedabad Chapter proposed vote of thanks.

Around 45 members have participated in program.

Inauguration Functions of Oral Coaching Classes

ICAI, Ahmedabad Chapter has organized inauguration function of Oral Coaching new batch and felicitation of meritorious students of Dec-14 exam on 16th July'2015 at Haribhai Auditorium. Shri Nitinbhai Parekh, Group CFO, Cadila Healthcare Ltd. was the chief guest.

CMA Hetal Shah Jt Treasurer of Chapter welcomed the Chief Guest, Managing Committee Members, faculties, students and parents. Next was the prayer and lighting the lamp by dignitaries

Thereafter, CMA Vinod Savalia Introduce the Chief Gust Shri Nitin Parekh., B. Com., LL.B., CA, CFA, MBA from IIM, Ahmedabad MBA in Pharma Management and rank holder in CA, CFA etc. CMA Vinod Savalia also briefly described the activities of chapter. He emphasized that the chapter has entered into 50th year - Golden Jubilee year in 2015.

Chief Guest Shri Nitinbhai Parekh made an impressive presentation on the Cost Accountant- Your passport to Professional world. He aptly narrated qualities of Cost accountant, Skills of Cost accountant and also the interview techniques to get success in interview. He also described areas of Financial Management for Cost Accountants. He advised the students to work hard, diligently with full concentration. The meritorious students and rank holders students felicitate by Chief Guest, Chairman, Secretary, Past chairman/s and other dignitaries. CMA Utkarsh Yagnik anchored felicitation function.

CMA Manish Analkat, Secretary of ICAI-Ahmedabad Chapter presented vote of thanks.

Large no of students, committee members and faculty attended the function.

A CEP Programme on Aspects of Cost audit report under XBRL reporting

First session was taken by CMA Ashwin Dalwadi. He had highlighted the various aspects of cost audit report and requirement of data under each para He had also highlighted some points which are not possible to fill up like Product wise / CETA heading wise installed capacity, CETA heading wise utilization of capacity, quantitative details in Part –C Service Industry cost sheet, No provision of disclosing WIP in service industries like Construction where only WIP is there Another area was covered under ratio analysis Under this Para there is no guidelines to provide details of Fixed Assets whether normal or average of 2 years etc.

Second session was taken by CMA Malav dalwadi He had highlighted new features included along with new requirement under each Para like Comments of Audit committee, 'data entry features of n' number of cost sheets data its view and printing and some features which are necessary to enter for generating errorless XBRL Report.

l At the end of session member have asked various question which were answered by CMA Ashwinbhai and CMA Malav .


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Managing Committee Members Details

CMA P D ModhMember

Contact No. (O)M.E-mail

::

:9727767574

[email protected]

CMA Malhar A Dalwadi


::

:

079-264604458141738585

[email protected]

Member

CMA P H Desai


::

:

079-264467809825615468

[email protected]

Ex-Offico

CMA Uttam Bhandari


Member

::

:9375166511

[email protected]

CMA Pradip Tulsian


Member

::

[email protected]

CMA R B Kothari Invitee


:::

02762-220111 9925210288 [email protected]

InviteeCMA S S Shah


::

:

079-264628209824339003

[email protected]

InviteeCMA Ashwin G Dalwadi


::

:

079-264604459327012175

[email protected]

CMA Jignesh S Desai


::

:

95-2714-2214819825431450

Invitee

[email protected]

CMA H C Shah


::

:

02692-2271519375037150

Invitee

[email protected]

CMA K D Shah


::

:

255028819427490839

[email protected]

Invitee

CMA C P PatelInvitee


::

:

079-268686199974051267

[email protected]

CMA Ilaben P PatelInvitee


::

:

079-660557469824017842

[email protected]

CMA Mitesh Prajapati


::

:9428480333

[email protected]

Invitee


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PD Committee Chairman's Communique

Dear Fellow Member,

It is indeed my great pleasure to communicate to you after a long gap. I express my gratitude to Managing Committee Members for reposing their faith in me for taking up the responsibility of 'Profession Development, Program and 50th Year Celebration Committee'

Our chapter has attained a premier position amongst all chapters of the region. It was able show better results than the regional councils. It has received best Chapter awards for three consecutive terms in the recent past.

All this has happened on account of untiring efforts of the managing Committees and staff and support of Members & students at large.

This being 50th Year of our Chapter, I have become bit nostalgic and I recall my association with Late Shri R S Shah, Late Shri B R Shah, Late Shri Barbhaiya, Late Shri R V Thaker, Late Shri Shashikant Shah, Shri Vinod Shah, Shri Kiran J Mehta, Shri Kiran D Shah, Shri A L Bavishi, Shri Hemendra Shah, Shri P D Modh and Shri Shrenik Shah. All these members have helped the chapter in achieving newer heights with their prudence and able guidance from time to time. I also place on record my thanks for the active contribution made by current team of Management committee as each member is eager to contribute to the profession.

The Chapter has reached to the present height due to continued support of all our leaders and members.

We are planning to celebrate our 50th Year with big fun fare and wish to make memorable. We are planning to reach each member residing in and around Ahmedabad. Kindly provide your suggestions. We are phone call / email away!

With warm regards,CMA Ashwin Dalwadi

- Mr Ashwin Dalwadi - Bsc. FCMA, Practicing Cost accountant

Hearty Congratulations !

CMA PramodkumarVithaldasji Bhattad

CMA Manas Kumar Thakur

Our New President(2015-2016)

Our New Vice-President(2015-2016)

Hearty Congratulations to WIRC Chairman & Vice Chairman !


Milacron wins National Award for Cost Management

Ahmedabad, 05th August, 2015: 12th National Award for Excellence in Cost Management under the category of Private-Manufacturing: Organization (Medium) has been conferred upon Milacron. The award was handed over by Colonel Rajyavardhan Singh Rathore, Minister of State for Ministry of Information and Broadcasting to Vinod Bhalavat (CFO) and Rajendra Sharma (AGM-Finance) of Ferromatik Milacron India.Ferromatik Milacron India has initiated various practices like, 5S Initiative, Productivity Improvement, Six Sigma, Material Movement Cost, Energy Conservation and Water Conservation, to achieve cost reduction. Vinod Bhalavat stated, “Various start-ups towards the achievement of Cost Management is not only helping us to save resources but also creating a long term sustainable environment. The overall reduction in cost also allows us to pass on the benefits to our customers.”

The Institution of the National Award for Excellence in Cost Management was formed in 2003. The endeavor of the Institute is to propagate and emphasis on wider application of Cost Management tools and technique and adoption of relevant Cost Management Strategies across various sectors for improving competitiveness of industry.

Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the plastic technology and processing industry. Milacron is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment.

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Dealing with Pvt. Ltd. Companies after exemptions under Companies Act 2013 dt.05/06/2015 (Specific to removal of Sec 185 & 180)

This note is intended at explaining the position of Banks / Financial Institutions in dealing with Pvt. Ltd. Companies with respect to providing of loans / financial assistance where guarantees / mortgage is provided by other group companies / directors.

Position prior to Companies Act 2013:Relevant Sections: Section 295 & 296

Companies were not allowed (except with prior approval of Central Govt.) to directly or indirectly, make any loan to, or give any guarantee or provide any security in connection with a loan made by any other person to, or to any other person by Director or any other person in whom the Director is interested.

There were exceptions to the above which included Pvt. Ltd. Companies (not being subsidiary of a Public Company).

Position pursuant to introduction of Companies Act, 2013:Relevant Section: Section 185 (corresponding to Sec 295 & 296 of Companies Act, 1956)

With the introduction of Sec 185 on 12/09/2013 and finally the Companies Act, 2013 being fully implemented w.e.f. 01/04/2014 the position was altered drastically.

The said section (more by an error in drafting than the intent of law) imposed a blanket ban on transactions on:• Loans / Security / Guarantee by Companies to its Directors except for a couple of instances which were of least applicability and consequence for Pvt. Ltd. Companies.• Loans / Security / Guarantee by Companies to any person in whom the Director is interested i.e. between Pvt. Ltd. Companies having even a single common Director, to a Firm in which Director is a partner and so on.

The only exception to the rule was for Companies which did it in their ordinary course of Business and that too on interest being a rate not less than the bank rate declared by the Reserve Bank of India. Again the problem was that ‘Ordinary Course of Business’ not clearly defined and left to the interpretation of each individual.

The Rule 10 of Companies (Meetings of Board and its Powers) Rules 2014, created further exceptions for transaction between holding company and its Wholly Owned Subsidiaries as well as Holding Company and its Subsidiaries in connection to loan made by any Bank / Financial institution to its Subsidiary provided the loans are utilized by Wholly Owned Subsidiaries / Subsidiary Companies.

Reprieve provided by exemptions dt.05/06/2015The Ministry of Corporate Affairs after various representations from Bankers & Professionals provided the much needed relief in the matter and Pvt. Ltd. Companies were brought out of the ambit of Sec 185 provided they fulfilled 3 conditions (cumulative):

(a) Share Capital in not held by any other body corporate; and(b) Borrowings from Banks / Financial Institutions / Other Body Corporate is less than twice of its paid up share capital or Rs.50 Crores, whichever is lower; and© The said Company has not defaulted in repayment of such borrowings subsisting at the time of making transactions under section 185.

Impact of exemption

The position as it stands now is that a Pvt. Ltd. Company can now provide Loan / Security / Guarantee to a Director / person in whom Director is interested thereby reversing the position (though not the extent of 100% as was under Companies Act, 1956) facilitating Pvt. Ltd. Companies to mortgage their properties or give guarantee / security for availing of loan by another company having common Director(s).

- Mr Rohit Jain - M Com, FCS, Practicing Company Secretary


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Nonetheless, the area of concern still remains where cross holdings are existing between two such companies (refer to condition (a)).

Position with regard to Sec 180 (corresponding to Sec 293 of Companies Act, 2013)In the entire clamor about escape from Sec 185 we must also set our eyes on a major relief from Sec 180 which was imposed on Pvt. Ltd. companies which needed special resolution of Members for specific purposes of borrowing beyond company’s net worth, disposing / selling / leasing of its property etc. The exemptions restored the position as was under the old law thereby once again giving the Board of Directors the authority to decide on such matters.

ConclusionFrom the perspective of Banks / Financial Institutions this is a great relief pending which they had closed their Loan books to almost all Pvt. Ltd. Companies due to the BLANKET BAN imposed by Sec 185 but issues remain to be sorted with respect to fulfillment of the 3 cumulative conditions. Also the inapplicability of Sec 180 will cut down on the time & unnecessary compliances, brining in the much desired speed in business transactions.

CongratulationProfessor (Dr.) Paresh Shah (M/7386) , FCMA, Ph.D., (Finance), Alumnus of IIM, Ahmedabad; Freelance and Accredited Management Teacher, received Management Teachers Consortium (MTC) Global Award for Excellence-2015. He was given the award as an Outstanding Management Teacher – Global, as a contribution to academia by way of teaching, research and writing. From across the globe, only one award was given as an Outstanding Management Teacher (India Based) – Global. The award criteria and selection is joint effort of MTC Global, United Nations Academic Impact, United Nations Global Impact, MIT ESCO, ITM Group of Institutions, PES University, Regent Business

School, The Globe Post, Finance Professors.com, Gyan Bharti Institute of Technology, Ennaissance Leadership Company, NHCE, and other national and international academical.

CMA Hetal Shah (M/22021) is recognized for his contribution in product cost optimization leading to potential annual cost benefit of Rs 1.5 Cr, under the programme “Innovation Fortnight” in his company. His achievement has been recognized in internal Bulletin for employees as well as by special mention in the Group CFO communique (ZYDUS GROUP).

He has been making contribution by way of identifying & initiating for product & non product cost optimization on regular basis.

CMA Pawan Bhootra, Head, Accounts and Budget division of GMDC, Government of Gujarat Undertaking , has been awarded Prestigious National Level CMA Young Achiever Award 2014.

Shri Pawan Bhootra is a Chartered Accountant, Cost Accountant and a Company Secretary with meritorious Performances in academics and professional qualifications. He has worked in Multinational Companieslike General Motors, Bombardier Transportation, Piaggio Vehicles and Shell Gas and Power.

Shri R. B. Kothari wins theBest CMA–CFO Award 20141 On 07-Jul-2015,CMA R. B. Kothari received the BestCMA – CFOAward 2014 from Dr. Jitendra Singh, Union Minister of State (I/C), Prime Minister Office, MoS for DoNER, Department of Personnel and Training, Department of Space and Atomic Energy atNew Delhi. Shri Kothari receivedthis Awardin the Category: Public Sector–Service- Male. The eminent jury, headed by Shri S. N. Dhingra, Rtd. Justice (Delhi High Court) and Former Member, CCI, unanimously conferred Shri Kothari the best CMA-CFO 2014 Award under

the category of Public Sector–Service- Male. Shri Kothari serves as General Manager (Finance) & CFO at Uttar Gujarat Vij Company Limited, Mehsana a subsidiary of Gujarat Urja Vikas Nigam Limited,Vadodara.


Page - 9Happy Happy Diwali Diwali && New Year New YearProsperous Prosperous Happy Diwali & New YearProsperous

HEARTY CONGRATULATIONS TO SUCCESSFUL STUDENTS JUNE -2014 EXAM

INTER COMPLETE PASS

KIRANKUMAR JADAV

KUSHAL DAVE

YOGENDRA CHAUHAN

MANOJ KUMAVAT

MUKESH ASWANI

NISHITH SONI

PRATIK PANDYA

DEVANG MODI

TARANG DHOLAKIYA

DIPALI JASANI

HARDIK SONI

ATUL HIRPARA

JAIMIN BHATT

AMI JOSHI

KALPESH PRAJAPATI

ANKUR LAKUM

SOHEL LANGDAJIWALA

ANIL MOHRA

CHIRAG PANCHAL

PARAG THAKOR

USHA DUGGAR

PRAKASH VANIYAR

ANKIT KYADA

DISHA SHETH

MOXA GANDHI

MANOJ PRAJAPATI

RAKSHITA M PATEL

VIMAL THAKKAR

CHIRAG RIBADIYA

PRIYANKA HIRWANI

YASH BHATIYA

ISHWAR BOHRA

GIRISH TIMBADIYA

DHAVAL CHOKSHI

NIDHI SHAH

NISH DIVAKAR

RAJ JATANIYA

UPESH PRAJAPATI

AMIT PARMAR

ANKIT JINDAL

CHIRAG PARJAPATI

DEVANSHI BHATT

SIDHARTH DEVADA

HARSHIL SHAH

MEHUL GAJIPARA

KULDIP MORE

SANDIP PATEL

PAWAN PRJAPATI

KARAN RAJWANI

RUTUL SHAH

SEFALI PARIKH

SWETA SACHDEV

VIRAJ SONI

BHARAT RATHI

JUGAL THAKKAR

KRISHNAKANT JAZU

MANTHAN SHAH

FINAL COMPLETE PASS

AAYUSH SANJAY SHAH

GOPALBHAI BHIMABHAI MORI

AHMED RAZA KHAN

ANKITA H. ZINZUWADIA

JIGAR PANKAJ KUMAR PRAJAPATI

PRIYANSHU JAYESHBHAI SHAH

SACHIN VINODKUMAR SHARMA

VISHAL HASMUKHBHAI PRAJAPATI

HARSHDEEPSINGH KULDEEP SALUJA

SUHANI RAGESHKUMAR SHAH

VAIBHAV ARVINDBHAI PATOLIYA

ANJALI DINESHBHAI PARMAR

ASHIL PRAFULBHAI SHAH

CHARVI MAHESH PATHAK

HETALBEN MAHESHKUMAR BAROT

SANDIP KESHUBHAI KYADA

NIDHIBEN SURESHBHAI KOTAK

TEJALBEN HASMUKHBHAI PRAJAPATI

JAGDISHBHAI MAGANLAL GURJAR

JAIMINI KISHORSINH RAJPUT

KRUSHIK JAYPRAKASH THAKKAR

BASHIRBHAI FAKIR BHAI MULLA

HARSHESHKUMAR DILIPKUMAR PANDYA

SACHEEBEN VIKRAMBHAI PATEL

POOJA JAYESHBHAI SHAH

KUSHAL ATMARAMBHAI AGRAWAL

ANSHUL SHUKLA

BHARTIBEN RAMKISHOR GUPTA

BHUMIKA BHUPENDRABHAI MODI

CHANDNI CHETANKUMAR DESAI

HARDIK BHUPENDRABHAI CHOKSHI

JIGNESH BHUPENDRABHAI DHAMECHA

PARIMAL RAJENDRAKUMAR JOSHI

POOJA VINAYAK KHAIRE

KHUSHBU SHAILESHKUMAR MEHTA

KULDIP ARVINDBHAI IYAVA

MURTAZA ABBASYBHAI SHAIKH

RAVI DINESH TRIVEDI

RAVI KUMAR JOSHI

RUSHIKABEN JALAMSINH DABHI

JAY JITENDRAKUMAR TRIVEDI

URVI NIKHIL PARIKH

VATSAL KIRITBHAI JAYSWAL

VIKAS KUMAR MALVIYA

DHARA NIRANJAN KUMAR JANI

HARDIKKUMAR RAJESHBHAI KOTAK

ALPESH KUMAR ANILKUMAR DESAI

DEEPAK TULSIDAS MULCHANDANI

NISHANT BHARATKUMAR MANDALIYA

KRUNAL GANPATBHAI PATEL

PINAL CHUNILAL PICHHOLIYA

NIYATI PANKAJKUMAR SHAH

MANISH KANUBHAI VACHHETA

MANOJ KUMAVAT KRISHNAKANT JAJU PRATIK PANDYA MUKESH ASWANI

Rank - 28Rank - 31Rank - 46Rank - 46

HARSHDIPSINGH SALUJA DEEPAK MULCHANDANI NIYATI P SHAH

Rank - 40Rank - 37Rank - 46

RANK HOLDER- INTER RANK HOLDER- FINAL

Page - 10Happy Happy Diwali Diwali && New Year New YearProsperous Prosperous Happy Diwali & New YearProsperous

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Photo Gallery

Speech by Chief Guest Shri Nitinbhai Parekh Chief Guest Shri Nitinbhai Parekh felicitating the Meritorious Student

CMA P.H. Desai, RCM WIRC felicitating the Meritorious StudentCMA V.H. Savaliya, Chairman of Chapter felicitating the Meritorious Student

CMA R. B. Kothari, Chairman of Training & Placement Committeewelcoming Chief Guest

CMA P.D. Modh, Chairman of Oral Coaching Committeefelicitate the Meritorious Students

CA Dhirenbhai Shah CFO of Gujarat Tea Processors Ltd. (Vagh Bakri Group)addressing CMA’s

CMA Manish Analkat (Hon.Secretary) giving vote of thanks


If undelivered, Please Return to :The Secretary,

Page - 12

For Private Circulation Only

To,

Book Post

402/403, Shoppers Plaza Unit - III, 4th Floor, Opp. Municipal Market, C.G. Road, Navrangpura, Ahmedabad-380 009. Telephone : 079-26403616, 26409561Email : [email protected], [email protected] : www.icmaiahmedabad.in, www.icmai.in

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA

AHMEDABAD CHAPTER

COMMITTEE FOR 2015-16

CMA V.H. SAVALIYA Chairman CMA ASHISH BHAVSAR CMA MANISH ANALKAT CMA UTKARSH YAGNIK CMA HETAL SHAH CMA P.D.MODH - INVITEE CMA A.G.DALWADI - INVITEE CMA R.B. KOTHARI - INVITEE CMA P.H.DESAI - EX-OFFICIO

CMA C.P.PATEL CMA MANISH ANALKAT

CMA PRADIP TULSIAN CMA MITESH PRAJAPATI

CMA MALHAR DALWADI Chairman

EXECUTIVE COMMITTEE

CMA UTKARSH YAGNIK Chairman CMA HETAL SHAH CMA MANISH ANALKAT CMA UTTAM BHANDARI CMA NIRAJ JANGID CMA ILABEN PATEL

FINANCE COMMITTEE

CMA A.G.DALWADI Chairman CMA HETAL SHAH CMA P.H.DESAI CMA V.H.SHAH CMA H.C.SHAH CMA K.D.SHAH CMA R.B.KOTHARI

PD &GOLDEN JUBILEE YEAR CELEBERATION COMMITTEE

CMA P.D.MODH Chairman CMA K.D.SHAH CMA MALHAR DALWADI CMA R.B.KOTHARI CMA PRADIP TULSIAN CMA JIGNESH DESAI

ORAL COACHING COMMITTEE

CMA UTTAM BHANDARI Chairman CMA HETAL SHAH CMA ILABEN PATEL CMA MALAV DALWADI CMA H.C.SHAH

EDITORIAL & WEB SITE COMMITTEE

CMA R.B.KOTHARI Chairman CMA P.H.DESAI CMA PRADIP TULSIAN CMA C.P.PATEL CMA MITESH PRAJAPATI

TRAINING & PLACEMENT COMMITTEE

COMPUTER TRANING & SOFT SKILL DEVELOPMENT COMMITTEE

Chairman and Vice –Chairman of the chapter are permanent member of all the committees.

DIWALIDIWALIDIWALIDIWALIGet-to-Gather of Members & StudentsGet-to-Gather of Members & StudentsGet-to-Gather of Members & Students

Students/members are requested to register their names to

Ahmedabad Chapter’s Office on or before 12th of Nov 2015.

DATE & TIME

Per Student : Rs. 100/-

Per Member/Spouse : Rs. 150/-

VENUE

Ahmedabad Chapter invites you for

Managing Committee of Ahmedabad Chapter Wishes to all members & their families...

20th November, 2015 at 7.00 pm onwardsCandela Banquet & Restaurant,

Kalasagar Shopping Hub, Nr Satadar

Bus Stand Sola Road, Ahmedabad -380061


CMA Uttam Bhandari THE INSTITUTE OF ... - Ahmedabad...

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