Lecture Meeting on Corporate Governance – recent
updates including amendments to Clause 49 of Listing Agreement on 27th
August 2014
L to R : Mr. Somasekhar Sundaresan (Speaker), Mr. Raman Jokhakar, Mr. Nitin Shingala (President), Mr. Jayant Thakur
The
lecture meeting was held at the Walchand Hirachand Hall, IMC. Mr.
Somasekhar Sundaresan, Advocate, addressed the audience on the recent
updates including amendments to Clause 49 of Listing Agreement on
Corporate Governance. More than 250 members benefited from the expert
analysis and knowledge shared by the speaker.
Advanced FEMA Conference on 6th September 2014
L
to R : Mr. Nitin Shingala (President), Mr. Gaurang Gandhi, Mr. Naresh
Ajwani, Mr. Dilip Thakkar, Mr. G. Padmanabhan (Speaker), Mr. Paras
Savla, Mr. C.D Srinivasan (Speaker), Mr. Gautam Nayak, and Mr. Hinesh
Doshi.
The International Taxation Committee of the Society
organised this Conference jointly with The Chamber of Tax Consultants.
The Conference was held at Rangaswar Hall, Y B Chavan Pratisthan. The
objective of the Conference was to offer insight into advanced level
issues on cross border transactions & intricacies involved and to
understand the RBI’s perspective on these developments.
Officials
from RBI, including Mr. G. Padmanabhan, Executive Director and Mr. C.D.
Srinivasan, Chief General Manager along with General Managers, Mr. A.
O. Basheer, Mr. Ajay Vij, Ms. Jayasree Gopalan, Ms. Tuli Roy and Ms.
Rajani Prasad responded to the questions raised by the participants at
the Conference.
The following topics were discussed at the conference:
BCAS
and CTC raised a number of concerns which are causing difficulties
under FEMA. The officials appreciated these concerns and gave an
assurance that they would be addressed. They also expressed their
concerns to the delegates. They advised the participants to look at the
spirit of the law and not just the letter of the law, to avoid lapses
under FEMA.
143 participants attended and benefited from the Conference.
Lecture
Meeting on Auditors Dilemma – Reporting requirements on Internal
Financial Controls as required under the Companies Act, 2013 and Clause
49 of the Listing Agreement on 10th September 2014
Mr. Vishwanath Venkatraman (Speaker)
The
lecture meeting was held at Walchand Hirachand Hall, IMC. Mr.
Vishwanath Venkatramanan, Chartered Accountant addressed the audience on
various aspects of Reporting requirements on Internal Financial
Controls as required under the Companies Act, 2013 and Clause 49 of
Listing agreement and section 134 of the Companies Act 2013. He also
shared his vast experience and perspective on the same. More than 150
members benefited from the expert analysis and knowledge shared by the
speaker.
Monsoon Trek on 13th September 2014
Participants of Monsoon Trek
The
BCAS Youth Group, under the aegis of the Membership and Public
Relations and Human Resources Committee of the Society organised a
Monsoon Trek for Chartered Accountants and their families along the
Jummapatti-Bekere trail near Bhivpuri, Karjat. Attended by 44
participants, the trek saw equal representation from industry and
practice, from the seniors and the youth and from men and women.
Participants enjoyed the easy walk through the lush greenery. They also
got the opportunity to network with different segments of the
profession.
18th International Tax & Finance Conference, 2014
L
to R : Mr. T. N. Manoharan(Speaker), Mr. Deepak Kanabar, Mr. Deepak
Shah, Mr. Nitin Shingala (President), Mr. Gautam Nayak, Mr. Raman
Jokhakar, Mr. Rajesh Shah
The 18th Residential International Tax
& Finance Conference which was organised by the International
Taxation Committee from 14th August 2014 to 17th August 2014 at ITC
Grand Chola, Chennai, received an enthusiastic response from over 190
participants from over 20 cities of India including Hyderabad,
Bangalore, Chennai,
Coimbatore, Delhi, Ahmedabad, Pune, Goa, Secunderabad, Jamnagar, Kolkatta, Mumbai and even Dubai.
The
Conference was inaugurated by Padamshree T. N. Manoharan, Past
President of ICAI who addressed the participants on the Role,
Opportunities and Challenges for the Chartered Accountants. His address
included inspiring anecdotes, analytical insights and subtle humor.
Mr. Pinakin Desai
Papers for Group Discussion:
•
Case studies on International Taxation (including royalty and Capital
Gains) by Shri P. D. Desai who dealt with issues relating to capital
gains on indirect transfers, treaty residence, GAAR, etc.. He also
presented case studies on Liquidation, Distributions and subsequent
disposals, Royalty Taxation, Source Rule, MFN impact, beneficial
ownership and Tax implications of Participation Arrangements.
Mr. T.P. Ostwal (Speaker)
•
Tax Challenges in Digital Economy- OECD Draft (BEPS Action 1) by Shri
T.P. Ostwal, who analysed the emerging developments in information
technology and international taxation regime. He presented business
models in digital economy and discussed opportunity in and tackling of
BEPS in digital technology. Further, he identified the tax challenges
raised by digital economy and the methods dealing with them.
•
Case Studies on structuring Outbound (Investment – Tax & Regulatory
Aspects) by Shri Pranav N. Sayta, who presented intricate case studies
involving issues such as acquisition of overseas entity, tax efficient
structures for such acquisition, Indian Exchange Control Regulations,
Tax Credits, Demergers, etc.
Mr. Yogesh Thar (Speaker)
•
Current Issues in Transfer Pricing (including Domestic Transfer
Pricing) by Shri Yogesh A. Thar, who covered issues relating to
international and domestic transfer pricing in great detail along with
practical examples and solutions covering issues relating to Equity
Infusions Transactions, Business Transfers, Common Cost Allocations,
Real Estate Transactions, Director’s Remuneration, Partner’s
Remuneration, etc.
Papers For Presentation:
Mr. Dilip Sheth (Speaker)
•
Prevention of Money Laundering Act – overview and impact by Shri Dilip
Sheth, who covered issues relating to property, scheduled offences,
transfer, procedural provisions and rules along with important issues
decided by the courts.
Mr. Gautam Doshi (Speaker)
•
Exchange Risk Management (Commercial, Regulatory and Tax aspects) by
Shri Gautam Doshi, who dealt with various types of Forex transactions,
Call and Put options, swaps, hedge, with practical examples.
The
participants gained handsomely from the knowledge and experience shared
by eminent faculties, group discussions and informal interactions. The
audience also appreciated the overall ambience and comfort at the venue.
