By Salil Lodha, Toral Mehta Convenors, Seminar Committee
DAY 1:
The RRC began with the Group Discussion on the paper written by Mr. Rajan Vora on Domestic Transfer Pricing and some issues of International Transfer Pricing.
In the Inaugural function which was held in the evening, Mr. Deepak Shah, President of the Society, welcomed the members and gave an overview of the activities which are conducted by the Society.
Mr. Rajesh Shah, Chairman of the Seminar Committee, mentioned the rationale behind the subjects chosen for the RRC and thanked all the paper writers for giving justice to the subjects and sparing their time and sharing their knowledge with the participants.The RRC was inaugurated by the Chief Guest Honourable Mr. N. Santosh Hegde, former Justice of the Supreme Court of India, former Solicitor
General of India and former Lokayukta, Karnataka by lighting the traditional lamp. Mr. N. Santosh Hegde expressed his views with regard to various issues including the changes in moral values, political scenario, governance and values in life.
Mr. Salil Lodha, Convenor of the Seminar Committee, proposed a hearty Vote of Thanks.
After the inaugural session, Mr. Rajan Vora made his presentation covering all the issues related to his topic. His clinical analysis on the controversies and his forthright views were of immense benefit to the participants. The session was ably chaired by Mr. Anil Sathe, Past President of the Society.
The day ended with a sumptuous dinner in the traditional “Village” ambience on the lawns of the Hotel.
DAY 2:
After the breakfast, the participants discussed the paper written by Mr. Sunil Lala on Case Studies in Taxation. The Group Discussion was followed by an excellent presentation paper by Mr. Prashanth K. L. who expressed his views on Effective Harnessing of Information Technology. His command over the subject and presentation skills made the session very lively. This session was chaired by Mr. Rajesh Kothari, Past President of the Society. Thereafter, Mr. Sunil Lala dealt with his paper and analysed the implications and rationale of various Tribunal, High Court, and Supreme Court Judgments. He explained that every decision of the judgment forum is with respect to a set of facts and it is important for the reader to appreciate these facts before using the judgment for any purpose. He covered brilliantly all the queries raised by the participants in his address.
This session was chaired by Mr. Gautam Nayak, Past President of the Society. In the afternoon, the participants played some management games. The participants took keen interest and enjoyed the unique experience.
In the evening, an additional session was held for the benefit of all the participants on the very important and relevant topic “Networking Session” by Mr. August J. Aquila (From USA) and Mr. Vaibhav Manek. Both the speakers did a masterly analysis of the important changes which are relevant to a Chartered Accountant. This session was chaired by Mr. Ameet Patel, Past President of the Society. The day ended with a dinner at the pool side in a very cool and pleasant atmosphere.
DAY 3:
After breakfast, the participants discussed the paper written by Mr. Sudhir Soni on “Case Studies in Accounting and Auditing”. The session on
“The Future of Indian Chartered Accountancy Firms” was chaired by Mr. Pranay Marfatia, Past President of the Society. Thereafter, Mr. August J. Aquila and Mr. Vaibhav Manek presented paper on “The Future of Indian Chartered Accountancy Firms”. Their mastery over the subject made the presentation very informative and useful. Before their presentation, the latest publication of the BCAS – “CA Firm of the Future”, authored by Mr. August J. Aquila and Mr. Vaibhav Manek, was released.
In the next session, Mr. Sudhir Soni dealt with his paper and made his presentation very interesting and satisfied the participants by resolving issues raised during Group Discussions. Issues dealt by him were of great significance to all. This session was chaired by Mr. Himanshu Kishnadwala, Past President of the Society.In the afternoon, participants played a Cricket Match and enjoyed the game. Later in the evening, a Quiz Contest was organised for the participants. Mr. Ashish Fafadia, a fellow participant had organised the contest which was very well received by all the participants. The day ended with Dinner at the restaurant.
DAY 4:
In the morning, the Brain Trust Session was conducted with Mr. Rajesh Kapadia and Mr. H. Padamchand Khincha as the Trustees for Income Tax and Advocate Mr. V. Raghuraman as the Trustee for Service Tax. They analysed all the issues in great detail. Their command over the subject coupled with their crisp and flawless analysis was of great help to all the participants. This session was ably chaired by Mr. Pradip Kapasi, Past President of the Society.
In the last technical session, Mr. Madhukar Hiregange presented the paper on Negative List and Reverse Charge Mechanism under Service Tax and explained in details the latest developments in Service Tax bringing out the complexities in the law.This session was chaired by Mr. Govind Goyal, Past President of the Society. In the concluding session, Mr. Rajesh Shah, Chairman of the Seminar Committee, took an overview of the 46th RRC and recognised the contribution made by everyone, expressing his gratitude for the efforts put in by them. He specially thanked the President for his wholehearted support and lead in organising the Residential Refresher Course. Mr. Deepak Shah, President of the Society, thanked everybody for making the RRC memorable.
