The 51st Residential Refresher Course (RRC) of Bombay Chartered Accountants’ Society (BCAS) was held at Hotel
Dreamland, Mahabaleshwar from 11th January 2018 to 14th January 2018. In all, 100 participants from various parts of
India joined this flagship programme of BCAS.
On the first day, CA. Narayan
Pasari, President BCAS
welcomed the participants.
He highlighted the journey
of BCAS RRCs and recent
activities undertaken by BCAS.
He shared his experience about
his journey with BCAS from
joining the Seminar Committee
to the Presidentship. He also
shared the vision of BCAS
to promote young members
( ) to be able professionals
and hence promoted 3 of them
at this RRC.
CA. Uday Sathaye, Chairman
Seminar Committee welcomed
everybody and explained the
importance of RRC in adding
value to the professional life of BCAS members
participating in RRCs. He compared RRC to a Guru.
He acknowledged contribution of Paper Writers,
Group Leaders and Participants in making RRCs
a success and highlighted the relationship that
has been developed over many years particularly
with participants from cities other than Mumbai.
He introduced and shared his thoughts about CA.
Pranay Marfatia, Past President and Chief Guest
of this 51st RRC. He highlighted CA. Pranaybhai’s
contribution towards success of earlier RRCs.
Thereafter, an audio clip was played, as rich
compliments were made by many Past Presidents
of BCAS about CA. Pranaybhai’s Involvement,
Dedication and Contribution to BCAS activities.
CA. Pranay Marfatia, Past President of BCAS then
inaugurated the 51st RRC. He shared his experience
of past RRCs. He spoke on changing paradigm of the
CA Profession. He also shared his views about the
expectation by the regulators and the stake holders from
CA Profession and the future challenges. He concluded
his address with a clear message that there is a need to
be updated on every front in profession and one should
not compromise on any principles.
The First Technical Session was chaired by CA. Pradip
Kapasi, Past President of BCAS. Dr. Rakesh Gupta
dealt with the issues raised by participants during Group
Discussion on his paper titled Case Studies in Taxation.
In his inimitable style covering all the issues in the
fields of Business Income, Capital Gains, Assessment
Proceedings etc., he dealt with the questions raised in the
case studies along with issues communicated by group
leaders and provided answers to the queries raised. His
command over the subject was appreciated by everybody.
On the second Day, the 2nd Technical Session was chaired
by CA. Rajesh Shah, Past President of BCAS. CA. Dhinal
Shah, Central Council Member – ICAI presented paper
titled Insolvency & Bankruptcy Code, Challenges
and Professional Opportunities. He commenced his
presentation with the process of registering as Insolvency
Professional (IP) by Chartered Accountants. He
highlighted the important role that Chartered Accountants
can play in the revival of defaulting companies and the
expected challenges to be faced by IP. His presentation
was very helpful to the participants particularly from the
point of view of the subject being a new area of practice.
The Third Technical Session was chaired by CA. Anil
Sathe, Past President of BCAS where CA. Bhadresh
Doshi dealt with ICDS- Significant Issues.
In his unique style, CA. Bhadresh Doshi explained various
points in interpretation issues in ICDS in view of Recent
Delhi High Court Judgements annulling various ICDS.
These issues are very relevant in day to day practice
and the presentation was extremely useful to all the
participants. The contents of paper as well as the lucid
explanations by the paper writer, was a rich and rewarding
experience for the delegates.
In the evening, participants had free time for sightseeing
etc. After dinner, participants enjoyed music and
entertainment programme.
On the third day, the Fourth Technical Session was
chaired by CA. Rajesh Muni, Past President of BCAS.
CA. Anand Bathiya presented paper on Corporate
Governance. He elaborated on the key amendments in
Governance of Listed Companies introduced by SEBI
and the important provisions of The Companies (Am
endment) Act 2017. He also highlighted the significant
amendments affecting the obligations and responsibilities
of the Auditors.
The Fifth Technical Session was chaired by CA. Govind
Goyal, Past President of BCAS where CA. Mandar
Telang presented paper titled GST – Legal Issues. He
enlightened the participants on recurring issues in GST.
He highlighted the practical problems affecting various
sectors of economy through his relevant and analytical
case studies.
He shared his experience of the importance of GST
implication in structuring the business process of various
industries.
An evening session was chaired by CA. Prafullachandra
Oak where CA. Chandrashekhar Vaze presented
his thoughts on “Code of Ethics need for Eternal
Vigilance”. He quoted lots of examples and his
experience from disciplinary cases. He very effectively
highlighted the need of following code of ethics and doing principle centered practice. The points raised by CA.
Vaze were very well received by the participants and he
also answered the questions raised by the participants on
the subject.
On the last day of RRC, a Panel Discussion was anchored
by CA. Sunil Gabhawalla and CA. Sangeeta Pandit
on “CA practice- Challenges & Opportunity- Across
Multiple profession Domains”.
CA. Bhavana Doshi, CA. Anil Sathe, CA. Nandita
Parekh and CA. Anup Shah were the esteemed
Panellists. During the three hours of the discussion, the panellists were very candid and open in their thoughts.
The Panel Discussion covered topics such as how to
obtain Domain Knowledge, develop Entrepreneurship
Skills, Mentor and retain Talent, work in Groups, adapt
to Technology, emerging Areas of Practice and host of
other issues. There was also a discussion on Succession
Planning and Sustainability of CA Firms. The Panel
Discussion was concluded on a very positive note with a
request from the participants that similar session should
be held in all future RRCs.
CA. Uday Sathaye, Chairman Seminar Committee and
CA. Narayan Pasari, President BCAS concluded the
51st RRC by acknowledging all the participants with a Big
Thank You!
Everybody parted with a commitment to meet again
next year.
