Financial Instruments (Including derivative transaction) – Accounting aspects on 21st November 2012 at Indian Merchants’ Chambers
Mr. Raghuraman K. Iyer, Chartered Accountant, explained the accounting aspects related to recognition, measurements and disclosure of financial instruments including issues arising therefrom at this lecture meeting. The learned speaker dealt with in great detail about financial assets and liabilities and derivative accounting. The meeting was attended by over 350 participants. The webcast of the meeting is available on BCAS Web TV to subscribers.
ICAI Election and Governance–Members expectations and duties on 28th November 2012 at Indian Merchants’ Chamber
In view of the triennial elections to the Central and the Regional Councils of the ICAI, the Society organised a panel discussion moderated by Mr. Shariq Contractor. The learned panelists Mr. Arvind H. Dalal, Mr. Y. M. Kale and Mr. Jayant P. Gokhale, Chartered Accountants, highlighted various challenges being faced by the profession and discussed the role of the members, including voting for the right candidates in the upcoming election. The panelists answered questions from the audience. The webcast of the meeting is made available on BCAS Web TV to all the members.
Mr. Dilip V. Lakhani, Chartered Accountant, explained the legal provisions in respect of a Limited Liability Partnership (LLP) at this lecture meeting. The speaker discussed various issues arising relating to formation and taxation, conversion of a Partnership Firm/Company into LLP, tax issues relating to conversion, conversion of LLP into a Company, formation of LLP by Chartered Accountants in Practice, compromise and arrangements, merger & demerger, dissolution of LLP, winding up of LLP, implications under the FEMA and stamp duty implications. The meeting was attended by over 450 participants. The webcast of the meeting is made available on BCAS Web TV to the subscribers.
Other programmes
Professional Accountant Course – Batch XV, Inauguration on 20th November 2012 at HR College
The 15th batch of the Professional Accountant Course, jointly organised by the Human Resource Committee of the Society and HR College of Commerce & Economics, was jointly inaugurated by President Mr. Deepak Shah, Chartered Accountant and Mrs. Indu Shahani, Principal of HR College. The dignitaries congratulated about 60 students enrolled for this course for continuing their learning and motivated them to pursue excellence. Mr. Parag Thakkar, Vice Principal of HR College, and Mr. Manish Reshamwala, Chartered Accountant and course coordinator, also addressed the participants ,giving them guidance about the course and how to gain maximum benefit therefrom.
The Infotech & 4i Committee had organised this 2 Day Workshop which received very good response from 65 participants comprising of members as well as non-members and was addressed by the following learned faculties:
The participants gained immensely from the wealth of knowledge and experience shared by the learned faculties.
The Thirteenth Intensive Study Course on Double Tax Avoidance Agreements conducted by the International Taxation Committee of the Society received full house response from 67 participants, in line with earlier editions. The course commenced with a welcome address by President Mr. Deepak Shah and inaugural address by Mr. Kishore Karia, Chairman the International Taxation Committee, who explained the structure of this course to the participants. The inaugural programme was followed by the first session where the learned faculty Mr. T.P. Ostwal, Chartered Accountant, introduced the participants to the concept of Double Tax Avoidance Agreements.
4th Residential Study Course on IFRS/Ind AS from 13th to 15th December 2012 at Hotel Dukes Retreat, Khandala
The 4th Residential Study Course was organised from 13th to 15th December 2012 by the Accounting & Auditing Committee of the Society at the scenic location of Khandala amidst the Sahyadri range. The following Papers with case studies by learned faculties were discussed: The group discussions were led by a team of able group leaders comprising of Ms. Anagha Thatte, Mr. Ashutosh Pednekar, Mr. Atul Shah, Mr. Jayendran Iyer, Mr. Jayesh Gandhi, Mr. Paresh Clerk and Mr. Prashant Mehta.
Over 65 participants, comprising of members as well as non-members, returned home well rejuvenated and enriched by wealth of knowledge and experienced gained through the deliberations. The CD containing course reference material, case studies with solutions and presentations given by respective paper writers will be released soon.
Analysis & Discussion on the Implications of the Supreme Court decision of 13th September 2012 in the matter of Namit Sharma with regard to Right To Information Act on Thursday, 29th November 2012 at Society Office.
This lecture meeting was organised by the Society jointly with the Public Concern for Governance Trust, Dharma Bharathi Mission, Forum of Free Enterprise and M. R. Pai Foundation. The learned speakers Hon. Justice (Retired) Hosbet Suresh and Shri Shailesh Gandhi, Former Central Information Commissioner, discussed and analysed the Supreme Court’s judgment, its impact on rights of the citizen under the RTI Act and representations being made to the Government by various organisations. The meeting evoked very good response and was attended by over 100 persons.
Workshop on MVAT & Service Tax from 6th December 2012 to 30th March 2013 at STPAM Library, Mumbai
The Workshop on MVAT & Service Tax, organised by the Society jointly with the Chamber of Tax Consultants (CTC), the Sales Tax Practitioners’ Association of Maharashtra (STPAM), All India Federation of Tax Practitioners (AIFTP) and Malad Chamber of Tax Consultants (MCTC) was inaugurated on 6th December 2012 at the STPAM Library. The Presidents of the respective organisations, i.e. Mr. Deepak Shah, Chartered Accountant, BCAS, Mr. Manoj Shah, Chartered Accountant, CTC, Mr. Pankaj Parekh, Chartered Accountant, STPAM and Mr. Sachin Gandhi, Chartered Accountant, MCTC welcomed the participants.
The Course Coordinator Mr. Pranav Kapadia, Chartered Accountant, introduced the workshop structure and various sessions. The workshop evoked strong response from over 200 participants, highlighting the importance of indirect taxes amongst practicing professionals.
