To
The Editor,
BCAS,
Mumbai
Respected Sir,
This has reference to the latest articles by Dr. Anup P. Shah in the September Edition of BCAJ.
The article written by Mr. Anup Shah is of great importance as most of the clients of a practicing chartered accountant have borrowed funds for personal / business purposes. The Indian System of borrowing from banks and financial institutions invariably seek collateral securities and backed by guarantee from one or more guarantors. Often such guarantors are not aware of their responsibilities and future contingent liabilities.
The author has provided detailed analysis of provisions under Indian Contract Act as also other contemporary laws such as IBC laws, etc. The evolution of legal case laws and up to date situation of applicable laws to a guarantor have been brought out succinctly and comprehensively. The utility value of such articles of day to day advisory services to clients has been enormous and highly useful. Many of articles written by the author Dr. Anup P. Shah have been highly useful for day to day practice for CAs and tax practicing professionals.
We thank Mr. Anup Shah for taking time out of his very busy schedule and rendering yeoman’s service to the profession on a regular basis for last several years by way of comprehensive articles under the heading “Law and Business”.
CA Mukesh Shah
Dear BCAJ Team,
I write to express my profound appreciation for the enlightening two-part interview featuring Senior Advocate Shri Arvind Datar. His valuable insights derived from a 40-year-long professional journey shed light on a multitude of aspects:
• The early struggles and eventual triumphs in his career trajectory provide a glimpse into the challenging yet rewarding path of the legal profession.
• The delicate balance between his writing experiences and demanding work life offers a perspective that aspiring professionals can learn from.
• From gleaning wisdom from seasoned seniors to imparting guidance and motivation to the younger generation, Shri Datar’s advice and reflections present a roadmap for budding legal minds.
• His candid and bold views, along with suggested improvements to legal provisions, shed light on the need for fairness within the legal system and the hardships faced by the citizens and taxpayers of our nation.
This piece stands as one of the boldest contributions within BCAJ, and I hope it resonates with the right audience, conveying a powerful message.
A significant portion of the credit for this enriching experience goes to the thoughtfully crafted and practical questions posed by the three astute interviewers. Shri Datar reciprocated with equal thoughtfulness, delivering a unique experience for BCAJ readers.
I vividly recall Shri Datar’s impactful address during the release of the Festschrift “Essays and Reminiscences” in honour of N.A. Palkhivala at NCPA, Mumbai, in January 2020. He shared the painstaking efforts and unwavering commitment of his team in curating old records and documents to bring forth the book, even at the expense of their professional practice.
This interview represents a rare and invaluable opportunity, and all involved made the best of it for the benefit of all.
Kudos and three cheers to everyone involved!
Thank you.
CA Suhas Paranjpe
