Lecture Meetings Vice-President’s Communiqué · 2017-10-17 · Anil Sathe Dear Members, The much...

BCAS Newsletter, June 2008 1

President : Rajesh Kothari, 28089956; Vice-President : Anil Sathe, 24367693; Hon. Secretaries : Pradip Thanawala, 22694248; Mayur Nayak, 26831199; Hon. Treasurer : Deepak Shah : 22420089

PROGRAMMES

AT

A

GLANCE

7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020. Tel. Nos. : 66595601 to 05; Fax : 66595606 E-mail : [email protected]; Website : www.bcasonline.org

Vice-President’s Communiqué . . ✍

Day & Date : Wednesday, 18th June 2008*

Speaker : Rajan Vora, Chartered Accountant.

Subject : Recent developments in corporate taxationw.r.t. MAT, FBT, ESOP and deductionsu/s. 10 A, u/s. 10 B and u/s. 80 IA.

Day & Date : Friday, 27th June 2008*

Speaker : T. N. Manoharan, Chartered Accountant.

Subject : Real estate development agreements— Tax issues including deduction u/s. 80 IB

*Fellowship over a cup of tea at 5.45 p.m.

Lecture MeetingsVenue : 4th floor, IMC, Churchgate, Mumbai-400020.

Time : 6.15 p.m.(unless otherwise specified)

Full Day Seminar Post-Budget Controversies on Service Tax ........................................... 21-6-2008 .......................... BCAS .................................................................................................. 3

BCAS’s Students’ Forum ......................................................................................................... 28-6-2008 .......................... Walchand Hirachand Hall, IMC, Mumbai ....................................... 9

Advanced Workshop on FEMA ............................................................................................... 28-6-2008 .......................... Jaihind College Auditorium, Churchgate, Mumbai ......................... 3

Enrolment of members for International Tax and Finance (ITF) Study Groups ......................................................................................................................................................................... 2

BCAS Foundation — Book lending facility for CA Students ....................................................................................................................................................................................................... 10

BCAS Study Circles for 2008-2009 ........................................................................................ 2008-2009 .......................... BCAS Conference Room .................................................................. 7

Harnessing Talent and Providing Quality Service June 2008Vol. 11 No. 3

Anil Sathe

Dear Members,

The much awaited petrol hike was announced, and with it the usual gameof passing the buck started. As I read one reaction after another, I felt thatthe principal issue was being missed.

It is true that a fair component of the petrol / diesel prices comprises of taxesof the Centre and the States. The question is whether one should go in fora drastic reduction in taxes and soften the impact of the crude oil price hikeor pass on the entire rise to the consumer. A reduction in taxes and dutieswill reduce government revenue which in turn will result in some governmentspending being slashed. I would prefer that option because it is well acceptedthat government spends its money unreasonably.

However, the long term solution lies in finding means to reduce consumptionof petrol / diesel. The need is to develop better public transport systems, andalso encourage use of alternative sources of energy. While on shortages, Iwas amused to read of the blame for world’s rice shortage being placed onIndia’s ban on rice exports. I understand one being concerned about globalfood shortage but to criticise Indian policy which is aimed at creating stocksfor its own people is uncalled for. Many a time I think that some parts ofthe western world have not realised that India ceased to be an imperial colonymore than 50 years ago. They possibly need a reminder.

On the brighter side, the results of the twelfth standard examinations havejust come in. When I see these youngsters, read their expectations andambitions, I feel that we must provide them every opportunity to grow. In ourprofession, we should not remain employers and principals, but we mustbecome mentors.

We at the Society are doing our bit for students. The launch of the students’forum, which is scheduled for 28th June 2008, is in this direction.

Over the past eleven months, I have been communicating with you. I haveenjoyed writing this communiqué, and I hope you have enjoyed reading it.I now hand over the baton to Ameet Patel, who will communicate with youfrom next month. Good bye for the moment !

With warm regards,

Day & Date : Monday, 7th July 2008

Venue : C. K. Nayudu Hall, Cricket Club of

India, Dinshaw Vachha Road,

Churchgate, Mumbai-400020.

Programme :

4.00 p.m. : Fellowship over tea and snacks

4.30 p.m. : Annual General Meeting

6.15 p.m. : Founding Day Lecture :

Theme : Global Entrepreneurship

Speaker : Kishor Chaukar

Managing Director,

TATA Industries Ltd.

Annual General Meetingand

60th Founding Day Celebration

BCAS Newsletter, June 20082

Chairman : Kishor KariaConvenors : Dhishat Mehta

Nitin ShingalaSushil Lakhani

Enrolment of Members forInternational Tax and Finance (ITF)

Study GroupsThe International Taxation Committee has been conducting two StudyGroups — ITF-1 & ITF-2 — for deliberations in the field ofInternational Taxation and Finance. The Groups run on a self-studybasis. Members of the Groups are expected to make presentationsbefore their respective Group and in the process enrich theirknowledge and share their experience with fellow members. Non-Groupmember speakers are invited only to introduce certain specialisedsubjects, which the Group members can then take up for further study.

Members of the Groups in the past have immensely benefitted fromthese deliberations. In the larger interest of members of the Society,the Committee has decided to invite new members to both the Groupsif they are willing to contribute and share their knowledge andexperience with fellow Group members. The profile of the respectiveGroups is as follows.

● ITF-1

ITF-1 was established about eighteen years ago. The deliberations inITF-1 are at an advanced level and members are expected to havebasic knowledge (including issues and case laws) and experience ofthe subject.

● ITF-2

The objective of ITF-2 is to introduce members to the field ofinternational taxation and enable them to acquire basic knowledge ofModel DTAAs through self-study and Group-study.

The Groups run on self-financing basis. Initial contribution of eachmember would be Rs.1,000.

Members desirous of joining either of the Groups may forward awritten application by way of a letter to the Assistant Event Managerat the BCAS office. The application should clearly state the name,address, BCAS membership number, contact particulars (including e-mail ID) and the current practice/work profile. The member should alsomention if he/she would like to participate and assist in administrationof the Group. The application along with a cheque for Rs.1000 shouldreach BCAS office not later than 30th June 2008. Existing ITF studygroup members should send their cheque for Rs.1000 with their nameand membership number written on its back to continue themembership.

The application of a member desirous of joining ITF-1 should alsomention the topics on which he/she would like to make presentationsand share knowledge and experience with fellow Group members.

Enrolment form is printed on page 10.

Notice of Annual General MeetingThe 59th Annual General Meeting of the Members of the Society willbe held on Monday, 7th July 2008 at 4.30 p.m. at C. K. Nayudu Hall,Cricket Club of India, Dinshaw Vachha Road, Churchgate, Mumbai-400020, to transact the following business :

1. To adopt minutes of the 58th AGM held on 6th July 2007.

2. To receive and adopt the report of the Managing Committee.

3. To receive and adopt the audited accounts for the year ended 31stMarch 2008.

4. To announce results of election of President, Vice President, twoSecretaries, Treasurer and eight Members of the ManagingCommittee.

5. To appoint Auditors for the year 2008-2009.

6. To present the annual plan for the ensuing year.

Place : Mumbai By order of the Managing Committee

Date : 21st May 2008 Pradip Thanawala & Mayur NayakHon. Secretaries

Members elected & co-opted to theManaging Committee for the year 2008-09*

President Anil Sathe

Vice President Ameet Patel

Jt. Hon. Secretary Pradip Thanawala

Jt. Hon. Secretary Mayur Nayak

Treasurer Deepak Shah

Member Anup Shah

,, Himanshu Vasa

,, Hiten Shah

,, Nandita Parekh

,, Naushad Panjwani

,, Nitin Shingala

,, Raman Jokhakar

,, Sonalee Godbole

Co-opted Abhay Mehta

,, Jayesh Gandhi

,, Mukesh Trivedi

,, Narayan Pasari

,, Rajesh Kapadia

,, Samir Kapadia

*To assume office at the conclusion of the ensuing AGM.


Chairman : Pranay MarfatiaCo-Chairman : Govind GoyalConvenors : Raman Jokhakar

Sunil GabhawallaShardul Shah

Full-Day SeminarPost-Budget Controversies on Service TaxUnion Budget has proposed various changes in the arena of service taxand CENVAT Credit. Some changes are fundamental and have far-reaching implications. After initial reactions, time has come to take stock,share experiences and find solutions. This in-depth seminar aims toachieve these goals. The participants should have basic knowledge ofservice tax law and procedures. The seminar aims at coveringcontroversial issues in an interactive manner. The faculty will draw fromtheir experience and also suggest practical tips.

In the pre-lunch session, CA S. S. Gupta will take the participants throughthe amendments in CENVAT Credit Rules, 2004 with practical illustrationsand examples on applicability of Rule 6. He would also addressparticipants’ queries and provide his expert comments.

The post-lunch session will witness a panel discussion on two importantservices, viz., lease and information technology services. Both theseservices have significant elements of overlap with the VAT Laws. CA RajatTalati will discuss and elucidate the VAT principles pertaining to theseservices and CA Puloma Dalal will throw light on service tax principles.In the end some case studies highlighting the overlap between the twolaws and solutions to these overlaps would be presented by experts.

Day and Date : Saturday, 21st June 2008.Time : 10.30 a.m. to 6.00 p.m.Venue : BCASFees : Rs.600 per person for members, Rs.750 for others.

(Fees cover costs towards course material, lunch &snacks and Rs.20 as contribution to BCAS Foundation)

In case the participants wish to discuss some live case studies/queries, please send them in advance to BCAS to the Event Managerby email — [email protected]


Chairman : Kishor KariaConvenors : Dhishat Mehta

Nitin ShingalaSushil Lakhani

Co-ordinators : Hiten Shah and Naresh Ajwani

Advanced Workshop on FEMA

International Taxation Committee is pleased to announce a half dayAdvanced Workshop on FEMA.

The workshop is structured with the objective of providing guidance tomembers in handling practical issues arising in day-to-day practice ofFEMA, and regulations there under. The workshop is designed in theformat of case studies with special emphasis on issues arising withrespect to Inbound Investments, Outbound Investments and other issues.

Day & Date : Saturday, 28th June 2008

Time : 9.30 a.m. to 2.00 p.m.

Venue : Jaihind College Auditorium, 4th floor, Churchgate,Mumbai-400020.

Fees : Rs.520 (for Members)Rs.720 (for non-Members)(Including Rs.20 towards contribution to the BCASFoundation; course materials and snacks)

Subject Speaker

Prevention of Money Laundering Dr. Dilip K. Sheth

Case Studies on FEMA Dilip J. Thakkar

Dr. Pravin P. Shah

Total number of participants is restricted to 100 on first-come-first-servedbasis. Few seats are kept for non-members.


Right to Information ClinicBCAS Foundation operates Right to Information (RTI) Clinic on aregular basis. RTI Clinic is operated by Mrs. Hema Sampat, aresearch scholar on the subject of RTI, Mr. A. K. Asher, Advocate& RTI activist and Mr. Narayan Varma, past President, BCAS.

The Clinic provides help and guidance to BCAS members as alsoto non-members, i.e., all citizens, for making applications under theRTI Act and also assists in resolving any related difficulties on thesubject of RTI.

The RTI Clinic operates on every 2nd, 3rd and 4th Saturdayfrom BCAS office — 11 a.m. to 1 p.m.

The next RTI Clinic days accordingly are 21st & 28th June2008 and 12th, 19th & 26th July 2008. Please call the Society’soffice (Mrs. Archana) to obtain a prior appointment.

Vacancy — Knowledge Manager !If you have an academic bend of mind and if you are eager to learn newthings in life while making a decent living at the same time, here is anopportunity of a lifetime !

Bombay Chartered Accountants’ Society (BCAS), a premier body of CharteredAccountants is looking for a person either on part-time or full-time basis tomanage wealth of information and knowledge generated by scores ofprogrammes and courses that BCAS offers to its members/society at large.

The job profile inter alia would include co-ordination of E-learningprogrammes, website updations, journal and publications, managing mattersrelating to our library and preparation of course material for various seminars,conferences and study circles.

The candidate should be a post graduate in commerce stream or preferablya chartered accountant. Commerce graduates with relevant experience in thefield may also apply.

Please apply in confidence with expected salary to Joint Secretary, by sendingan e-mail at [email protected] or send your CV at the Society’soffice.


Contributed byGaurang Gandhi

The Reserve Bank of India has issued 10 Circulars.

A.P. (DIR Series) Circular No. 42, dated May 28, 2008

Trade Credits for Imports into India — Review of all-in-cost ceiling

This Circular has revised the all-in-cost ceiling in respect of TradeCredits, with immediate effect, as under :

Maturity period All-in-cost ceiling over 6-month LIBORfor the respective currency of credit orapplicable benchmark

Existing Revised

Upto one year 50 basis points 75 basis points

More than one yearupto three years 125 basis points 125 basis points


External Commercial Borrowings Policy : Liberalisation

Presently, borrowers proposing to avail ECB upto US $ 20 million forRupee expenditure for permissible end-uses require prior approval ofthe Reserve Bank under the Approval Route.

This Circular has relaxed the above limit of US $ 20 million for Rupeeexpenditure under the approval route as under :

(i) Borrowers in infrastructure sector can avail ECB upto US $ 100million.

(ii) Other borrowers can avail ECB upto US $ 50 million.

The all-in-cost ceilings in respect of ECB have been revised, withimmediate effect, as under :

Maturity Period All-in-cost ceiling over 6-month LIBORfor the respective currency of credit orapplicable benchmark

Existing Revised

Three years and up tofive years 150 basis points 200 basis points

More than five years 250 basis points 350 basis points


Reporting under FDI Scheme — Revised procedure

This Circular has made the following changes in respect of reportingthe details of the issue of shares/convertible debentures :

1. Form FC-GPR has been revised.

2. A standard format for reporting receipt of monetary considerationfor issue of shares/convertible debentures has been prescribed.Upon receipt of this report, the concerned Regional office of RBIwill allot a Unique Identification Number.

3. A format for KYC report on the non-resident investor from theoverseas bank remitting the amount has been prescribed. This

report has to be submitted along with the report of receipt ofmoney.

4. The annual report of all investments will now have to be sub-mitted before July 31 every year, instead of June 30.


Foreign Exchange Management (Deposit) Regulations, 2000 —Credit to Non-Resident (External) Rupee Accounts

This Circular permits credit of proceeds of demand drafts/bankers’cheques issued against encashment of foreign currency to the NREaccount of the NRI account holder, provided such credits are sup-ported by relevant encashment certificates.

A.P. (DIR Series) Circular No. 46, dated June 2, 2008

External Commercial Borrowings (ECB) by Services Sector —Liberalisation

This Circular permits borrowers in service sector viz. hotels, hospitalsand software companies to avail ECB upto US $ 100 million, perfinancial year, under the approval route for the purpose of import ofcapital goods. This is in addition to the existing facility for availingtrade credit up to US $ 20 million per import transaction, for a periodof less than 3 years.


Risk Management and Inter-Bank Dealings — Commodity HedgingExposures of domestic oil refining and marketing companies

This Circular permits domestic crude oil refining companies to hedgetheir commodity price risk exposure, subject to certain terms andconditions, in respect of :

1. Domestic purchases of crude oil sales of petro-products —Hedging is permitted on the basis of underlying contracts linkedto international prices on overseas exchanges/markets.

2. Anticipated imports of crude oil — Hedging is permitted on thebasis of their past performance upto 50% of the volume of actualimports during the previous year or 50% of the average volumeof imports during the previous 3 financial years, whichever ishigher.


Overseas Investments — Liberalisation/Rationalisation

This Circular has further liberalised the provisions of Notification No.FEMA 120/RB-2004 dated July 7, 2004, in the following cases :

1. Overseas Investment in Energy and Natural Resources Sectors— Indian companies can invest in excess of 400% of their networth as on the date of the last audited balance sheet, afterobtaining prior approval of RBI, in the energy and natural re-sources sectors such as oil, gas, coal and mineral oil.

2. Investment in Overseas Unincorporated Entities in Oil Sector —


(a) ONGC Videsh Limited and Oil India Limited are permittedto invest in overseas unincorporated entities in oil sector (forexploration and drilling for oil and natural gas, etc.) withoutany limits.

(b) Subject to certain conditions, Indian companies can investup to 400% of their net worth as on the date of the lastaudited balance sheet in overseas unincorporated entities inthe oil sector. Investments in excess of 400% of their networth require prior approval of RBI.

In case of capitalisation of exports — the time limit for obtaining priorapproval of RBI has been aligned with the time limit provided for inthe Foreign Trade Policy. Thus, prior approval of RBI for capitalisationof export proceeds will be required only where the exports remainoutstanding beyond the period of realisation prescribed by the ForeignTrade Policy.


Export of Goods and Services — Payments of claims byInsurance Companies — Write-off.

This Circular permits banks to remove from their XOS statement,outstanding export bills settled by insurance companies which are

regulated by IRDA. The concerned exporter will have to submit anapplication, supported by documentary evidence from ECGC/insurancecompanies registered with IRDA confirming the settlement of the claimand surrender of relevant export incentives.


Export of Goods and Services — Realisation of Export Proceeds— Liberalisation

This Circular has enhanced the present period of realisation andrepatriation to India of the amount representing the full value of goodsor software exported from the present period of six months to twelvemonths from the date of export. There has been no change in theperiod of realisation in case of exports by an SEZ unit or exports tooverseas warehouses.


Deferred Payment Protocols dated April 30, 1981 and December23, 1985 between Government of India and the erstwhile USSR

The Rupee value of the special currency basket has been fixed atRs.60.5828 with effect from May 13, 2008 as against the earlier valueof Rs.58.6670.

BCAS Publications for Sale

Name of the Publication Price Postage(Rs.) (Rs.)

Books

(1) Harmful tax competition— An Emerging Global Issue 100 25

(2) CD on the discussions conducted atthe 39th RRC by various paper writers 100 20

(3) BCAS Post-it Pads (50 Sheets) 50 20

(4) Audit Checklist for Companies

For a member 300 50For a non-member 350 50

(5) Registration of Firms with RoFFor a member 25 20

For a non-member 30 20

(6) Laws & Business— A Compendium (2nd Edition)


(7) International Tax & FinanceConference 2007 (Set of 5 Papers)


(8) 41st RRC Papers with CD 250 50

Accounts & Audit Clinic

Panel of Advisors :

Sanjeev Pandit,Himanshu Kishnadwala and

Jayesh Gandhi

The next Charitable Trust Clinic will be held on Friday, 4thJuly 2008, from 5 p.m. to 7 p.m. in the library room of BCASociety at New Marine Lines.

Chartered Accountants and Trustees interested in having theirqueries solved are requested to call the Society’s office (Mrs.Mistry on extn. 20) and obtain a prior appointment, latest bynoon on the day of the Clinic. Querists are also advised tobring along relevant papers like trust deeds, audited accounts,etc.

Panel of Advisors :

Ratanshaw Damanwala,Shariq Contractor,Gautam Nayak,

Anil Sathe and Atul Shah

The next Accounts & Audit Clinic will be held on Saturday,5th July 2008, from 10.30 a.m. to 11.30 a.m. in the libraryroom of BCA Society at New Marine Lines.

Persons interested in having their queries pertaining toaccounting and auditing issues solved, are requested to sendthe queries by email to [email protected] one week inadvance and call the Society’s office (Mr. Rajaram on extension13 or 21) to obtain prior appointment, at least a day beforethe day of the Clinic. Please note that the Panel will notanswer any queries pertaining to tax issues.

Charitable Trust Clinic


Enrolment Form

Name : .......................................................................................................

Address : ...................................................................................................

...................................................................................................................

BCAS Memb. No. : .................. Tel. : 1 ................... 2 ........................

Mobile : ................... Fax : ...................... E-mail : .................................

Cash/Draft/Cheque No. .................. drawn on .............................. Bank,

dated .................. for an amount of Rs. ........................... is enclosed.

Date : ................. Signature

Study Subject TickCircle whereverNo. applicable

I Direct Tax Laws

II Indirect Tax Laws

III Company Law, Auditing and Accounting

IV FEMA

V Economic & Allied Laws

VI Computers

VII Human Resource Development

VIII Internal Audit Studies

Notes :

1. Fees include Rs.20 as contribution to BCAS Foundation.

2. Venue : Generally, all Study Circle meetings would be held at the Confer-ence Rooms at BCAS. In exceptional cases, at other venues.

3. Enrolment to the Study Circles is open to all members.

4. It will be our endeavour to hold 6 to 10 meetings of each Study Circle ina year.

BCAS Study Circles for 2008-2009The concept of Study Circle was initiated by BCAS. It helps participantsto analyse and discuss topics of relevance to professionals. Unlike otherprogrammes, Study Circles are very interactive and enable members toshare their views on the subject. Those of you who have been membersof these Study Circles in the past have experienced the joys and thetreasure of knowledge and invaluable contacts that these Study Circlesbring in into your professional lives.

BCAS announces the formation of Study Circles for the financial year2008-2009.

Members desirous of sharing and gaining knowledge are invited to jointhe Study Circles. The fee for each study circle has been kept at Rs.300for the year. Details of the Study Circles are given in the table alongside.

CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE� � � � � � � �

This scheme started last year, has received encouraging response withmany members having taken its benefit. It facilitates members to receiveBCAS publications at their doorstep. All members, journal subscribers,students and non-members can take benefit of this scheme. Briefmodalities of the scheme are as follows :

➠ Rs.2500 to be kept with the Society as an imprest cash in youraccount. Non-member will have to pay additional Rs.250 for accounthandling charges.

➠ The base level would be Rs.250 which needs to be reple-nished again to Rs.2500 by the person opting for the scheme.

➠ Publications/Conference papers/CDs costing less than Rs.250would be sent to you as soon as published/released, along withEnglish Edition of the Budget Publication (a set of 5 books).

For further details of the scheme :

Visit Society’s website at www.bcasonline.org or contact Society’s office.

Imprest Scheme for Publications

Forthcoming Study Circle Meetings*Venue : BCAS Conference Hall, BCAS

Date & Day Time Subject Speaker Study Circle/Group Convenors

Tuesday 6.15 p.m. E-tax and E-filing under various acts CA Giriraj Soni Computer Samir Kapadia17-6-2008 to 8.00 p.m. Study Circle Kamlesh Doshi

Tuesday 6.15 p.m. (i) Transactions with Associate Enterprises Group Indirect Tax Rajkamal Shah24-6-2008 to 8.00 p.m. (ii) Decisions in respect of applicability Discussion Study Circle Parind Mehta

of longer limitation period u/s.73(iii) Decisions on binding effect of the

circulars issued by the Board.

Wednesday 6.15 p.m. Analysis of Balance Sheets of CA Himanshu Real Estate Naushad Panjwani25-6-2008 to 8.00 pm Real Estate Companies Kishnadwala Study Group Suril Shah

Hardik Choksi

* These meetings are restricted to members of that particular Study Circle only.


CUT HERE CUT HERE CUT HERECUT HERE

ENROLMENT FORM

Name : ..................................................................................................................................................................................................................................................

Registration Number : .........................................................................................................................................................................................................................Course in which admission is desired : P.C.C. ( ) FINAL ( ) (Please tick appropriately)

Residential Address : ..........................................................................................................................................................................................................................

............................................................................................................................ Tel. No. (R) : ....................................... E-mail : .............................................Details of Articleship : Date of Joining ......................................................... Estimated date of Completion ..........................................................................

Name of the Principal : .....................................................................................................................................................................................................................

Name and address of Firm where articleship is being done : ..................................................................................................................................................................................................................................................................................... Tel. No. (O) : ..................................... Fax No. (O) ..................................

Cash/Draft/Cheque No. ........................................................................................... drawn on ............................................................................................... Bank,

dated .......................................................................... for an amount of Rs.1000 is enclosed.

Date : ............................................................. Signature ................................................................................

Notes :

1. Please send the above form along with cash/cheque/draft drawn in favour of ‘‘BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY’’, tothe Society’s office, at the address mentioned above.

2. We propose to have multifarious activities like Elocution Competition, Public Speaking, Self-Development Education Courses, Orientation Courses,etc. for interested students.

3. Members are requested to keep the proforma of this sheet and send the same duly filled in by new articled trainee after his/her enrolmentin their office.

Bombay Chartered Accountants’ Society7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020.

Phone : 66595601 to 05 Fax : 66595606 E-mail : [email protected] Website : www.bcasonline.org

Human Resources CommitteeChairman : Rajesh Muni Convenors : Hiten Shah, Aliasgar Kherodawala, Manish Sampat

“We had joined the Revision Course, which has proved very much helpful to us. We cleared both groups in First Attempt.”— Janhavi Thatte & Komal Jain

P.C.C. & FINAL C.A. STUDENTS’ EDUCATION CRASH COURSES(Jointly with Western India Regional Council of the Institute of Chartered Accountants of India)

For November 2008 & May 2009 Examinations1. Courses for :

C.A. PE II C.A. FinalGroup-I — Advanced Accounting Group-I — Advanced Accounting & Financial Management

— Auditing & Assurance— Law, Ethics & Communication

Group-II — Taxation Group-II — Direct Taxes— Cost Accounting & F.M. — Indirect Taxes

(In addition, important topics in — Cost ManagementIT & Strategic Management may be covered at no extra cost.) — MICS

2. Course Co-ordinators : Chandrakant Ruparelia, C.A.; B. C Jain, C.A.3. Fees : Rs.1000 per student for P.C.C. or Final (Total, and not per subject, including cost of study materials)4. Timings & Venue : 6.15 p.m. to 8.30 p.m. on weekdays at Sydenham College, ‘B’ Road, Churchgate.5. Duration : 3 months from July 1, 20086. Enrolment from : May 2, 20087. Faculty : Eminent personalities possessing rich experience in their respective fields.For further informaion, kindly contact Col. Raje/C. Ruparelia on Phone 66595601 to 05 during office hours at BOMBAY CHARTEREDACCOUNTANTS’ SOCIETY.


Dear Students,

A journey of thousand miles begins with a first step . . . . and its timefor you to take one . . . .

We invite you to join a group of vibrant and enthusiastic students toshare the experience of learning together . . . .

BCAS’s Students’ Forum

A special initiative of BCAS which aims to provide a platform to thestudents pursuing Chartered Accountancy to explore their potential andexcel in their capabilities to become successful professionals.

The only way to achieve success in the profession is throughknowledge. The forum shall conduct study circles and workshops onsubjects of professional interest, self-development and soft skills. Itwould also provide an opportunity to interact with seniors in theprofession and to get their guidance on various facets of theprofession and the ways and means to reach out to the best. Wouldyou want to be a part of it ?

If yes, simply register yourself at BCAS by subscribing to the BCAJournal at a concessional rate or by paying a token fee of Rs.50 toreceive regular and direct communication, use of library facilities atBCAS and a host of other benefits.

If No, ask your principal what would you miss.

A breakthrough session is on Saturday, 28th June 2008At Walchand Hirachand Hall, Indian Merchants’ Chamber,

Churchgate, Mumbai-400020between 4.00 p.m. and 9.00 p.m.

An exclusive evening sprinkled with career guidance and lots of fun

with

Keynote address on

‘CA — Candid Approach for Success’by

CA T. N. Manoharan, Past President, ICAI

followed by

➢ Elocution Competition and Quiz Contest 2008 (for C.A. Students)

“He came, He spoke, He won” — this is the story of a goodcommunicator. The one who speaks convincing and impressivewins half the battle.

Now here is the opportunity of the year for CA students topresent their communication skills. Be a little humorous, let imagi-nation run wild at the Elocution Competition organised by BCASfor C.A. students, under the auspices of Smt. ChandanbenMaganlal Bhatt Elocution Fund. Each contestant will be given 5minutes to express his/her views on any one of theundermentioned topics.

➠ ROLE OF A CA — DEBIT TO COST CENTRE OR CREDIT TOPROFIT CENTRE ?

Chairman : Rajesh MuniConvenors : Hiten Shah

Manish SampatAliasgar Kherodawala

➠ ARE WOMEN BETTER MANAGERS THAN MEN ?

➠ INDIA’S MISSION 2020. ARE WE ON THE RIGHT TRACK ?

➠ LAUGHTER THE BEST MEDICINE

➠ IMPACT OF ICL & IPL ON THE GAME OF CRICKET

➠ IF I WERE THE RICHEST PERSON IN MUMBAI . . . . . .

Those desirous of participating should enrol on or before 10-6-2008. The best three speakers selected by a panel of judgeswill be awarded handsomely. An elimination round will take placeon Saturday, 21-6-2008 at the Conference room of the Society,between 2.00 p.m. and 5.00 p.m. (Time limit at the eliminationround is 3 minutes).

Friends, this is not enough. We also bring before you a quiz con-test ! ! You can also participate in ‘ARE YOU SMARTER THANA 12TH GRADER ?’, the quiz contest organised only for C.A.students. This programme is scheduled along with the finalElocution Competition to be held on Saturday, 28-6-2008. Stu-dents desirous of joining any of the programmes may kindly fillup the enrolment form and send it to the BCAS office at theearliest.

➢ Antakshari competition

➢ Dinner with entertainment and

➢ Lots of information on forthcoming students’ activities.

➢ A token fee of Rs.100 will be payable per student for all or anyof the events on June 28, 2008.

➢ Do not miss the opportunity to meet and enjoy along with yourstudent friends.

➢ Enrolment is limited to first 200 students.

Kindly visit us on www.bcasonline.org (Students’ Corner) for theEnrolment form for BCAS Students’ Forum as well for theBreakthrough Meet.

Kind attention : MembersHas your Membership Subscription got over on 31-3-2008 ?

If yes, please renew your subscription now.

Please send your renewal fees toBombay Chartered Accountants’ Society’s Office.


Edited, printed & published by Narayan Varma on behalf of Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at Vijay Mudran, Mumbai-400031.

Combined Enrolment Form

Please fill in the above form appropriately and send the same to the Society’s office along with the requisite payment.Please mention your name and membership number on the reverse side of the local cheque/at par cheque/Demand Draft.

Name : ...................................................................................................................................................................................................................................................................

Address : ...............................................................................................................................................................................................................................................................

E-mail : ................................................ Mobile : .......................................................... Tel. : ........................................................ Fax : ........................................................

BCAS Memb. No. : ........................... Tel. (O) : ........................................................ Tel. (R) : ................................................. Fax : ........................................................

Cash / Draft / Cheque No. .................................. drawn on ..................................................................................................................................................................... Bank,

dated .................................... for an amount of Rs. ............................................................................... is enclosed.

Date : ............................... (Signature)

wherever applicable

CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE

Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MH/MR/South-88/2006-08Licensed to post without prepayment : Licence no. South-12/2006-08. Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1.

WORKSHOP :

Advanced Workshop on FEMA 28-6-2008 Rs.520 for member ...............

Rs.720 for non-member ........

Enrolment Form for the Book Lending Facility for C.A. Students

Name : ..................................................................................................................................................................................................................................

Address : ..............................................................................................................................................................................................................................

..............................................................................................................................................................................................................................................

Mobile : .................... Tel (O) : ....................... Tel. (R) : ...................... E-mail : ............................ Student’s Regn. No. with ICAI : .....................

Member’s Name : ........................................................................................................................ Member’s BCAS Registration No. : .........................

(Student’s Signature)

I the undersigned hereby recommend Mr./Ms. .................................................................................................... for availing book lending facilityof the BCAS foundation. I will ensure that the borrowed books are returned back within the stipulated period.

Date : ....................... Membership no. ....................... (Member’s Signature)

The BCAS Foundation has started an Academic Book LendingFacility for ‘PE II’ & ‘Final Level’ Chartered Accountancy students.This facility is meant to assist all those students who have in themthe capability to achieve great heights but have not been able torealise their dreams due to constraints.

After consulting various experienced faculties and one to oneinteraction with students pursuing the course, a list of academic booksfor both PE II & Final Level students has been formulated.

The scheme is in force from 15th of February 2008.

Kindly note that only students recommended by the members ofBCAS are entitled for this scheme. This facility is available tostudents of Mumbai, Navi Mumbai and Thane District only.

Students can also access the list of books in the Students’ Corneron the BCAS website (www.bcasonline.org).

Desiring students should immediately approach the Librarian Ms.Madhuri Haware at BCAS Office (l [email protected]/[email protected] or call on 66595601/02/03/04/05 Extn no. 24)for further inquiries. The enrolment form is given below.

� � � � � � � �CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE

BCAS FoundationBook lending facility for CA Students

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SEMINAR

Post-Budget Controversies on 21-6-2008 Rs.600 for member .......................Service Tax Rs.750 for non-member ................

STUDY GROUPS

Enrolment of members for InternationalTax and Finance (ITF) Study Groups Rs.1,000. .......................................

Lecture Meetings Vice-President’s Communiqué · 2017-10-17 · Anil Sathe Dear Members, The much...

Documents

Transcript of Lecture Meetings Vice-President’s Communiqué · 2017-10-17 · Anil Sathe Dear Members, The much...