for members only. for private circulation only. price : rs ... · list of awardees for conferment...

1BCAS Newsletter, March 2010

NewsletterHarnessing Talent and Providing Quality Service March 2010Vol. 12 No. 12

BCAS

President : Ameet Patel, 98200 54854; Vice-President : Mayur Nayak, 93242 71980; Hon. Secretaries : Deepak Shah, 98201 48536; Nitin Shingala, 98200 57694; Hon. Treasurer : Nandita Parekh, 98200 79682 [email protected] [email protected] [email protected] [email protected] [email protected]

7, Jolly Bhavan No. 2, Marine Lines, Mumbai-400020. Tel. Nos. : 61377600; fax: 61377666 Email : [email protected]; Website : www.bcasonline.org

PROGRAMMES

AT

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GLANCE

A monthly newsletter of the Bombay Chartered Accountants’ Society

For Members only. For Private Circulation only. Price : Rs. 10

If you are holding this page in your hands, you have contributed to the cutting of many trees, one of which is shown above. Help us save trees – opt for receiving our e-newsletter instead of the printed version.

Call us on 61377614 or write to us on [email protected] and be a part of the movement to save our planet.

Issued in global interest by BCAS

Seminar on Procedure for E filing of return …....... 23-03-2010……..... Gulmohar Hall, BCAS…….......................................................... 3under Service tax Rules Satyameva Jayate – Learning from the……............ 25-03-2010…......... Rama Watumall Auditorium, K. C. College, ……...................…. 3Satyam experience Churchgate, Mumbai.Students Program on International Financial…....... 27-03-2010…......... BCAS Conference Room……..................................................... 5Reporting StandardsSeminar on Advanced FEMA and Allied…............... 27-03-2010…........ M. C. Ghia Hall, Kalaghoda, Mumbai …..................................... 6Laws issuesWorkshop on Practical Aspects of Five Important…. 09-04-2010…......... Mumbai Cricket Association, Bandra East , Mumbai…............... 6Articles of DTAAs

2 BCAS Newsletter, March 2010

Vice-President’s Communiqué Lecture Meeting

Venue : Rama Watumall Auditorium, K. C. College, 124, Dinshaw Waccha Road, Churchgate, Mumbai- 400020.Day, Date & Time : Thursday, 25th March 2010, 5.45 p.m.Speaker : CA T. N. Manoharan Past President, ICAISubject : Satyameva Jayate – Learning from the Satyam experience

Under the auspices of Dilip N. Dalal Oration Fund*Fellowship over a cup of tea at 5.15 p.m.(Please refer to page no. 3 for detailed announcement)

Kind attention: Members“Your annual membership subscription will expire on

31st March, 2010”You are requested to renew your subscription now.

Please send your renewal fees to:Bombay Chartered Accountants’ Society Office.

Now, you can renew your membership online through the Payment Gateway.

Kindly log on to www.bcasonline.org for more details on renewal of membership

Flash News

Dear Members,

8th March 2010 was a historic day being the 100th International Women’s Day! So, at the outset, I wish “Happy Women’s Day” to all the ladies who are reading this newsletter. Since ages, woman has been worshipped as Goddess in various forms in India. Today, women enjoy powerful positions in Indian politics with India witnessing the first lady President, the first lady Speaker of the Lok Sabha, Chairperson of the Ruling Alliance being a woman and so on. At BCAS too, we have the first lady office bearer. The role of woman has transformed from a ‘home maker’ to a ‘nation maker’ and with the Rajya Sabha passing the “Women’s Reservation Bill”, their role is set to increase further. From manual labour to scientific research, women have proved their capabilities in every field beyond doubt. Even in our profession, the number of women CAs is rapidly increasing. I send my best wishes to all women and salute this creative and wonderful gift of God to “man-kind”.

The impact of global warming and continuing deforestation has been catastrophic. United States has experienced the highest snowfall in more than a decade. Many cities in the world remained covered by snow for days together. Afghanistan known for its windswept deserts experienced heavy snowfall. Further, many cities in the world experienced unseasonal torrential rains and remained submerged for several days. The consequences of unbridled exploitation of natural resources are self defeating. We all can save trees by reducing paper consumption.

We at BCAS have decided to encourage our members to receive digitised copies of the Newsletter so as to strengthen the campaign: “Save Trees – Save Environment”. I am sure more and more members will respond to us positively in this endeavour. One of the leading newspapers estimated that in printing the Union Budget, almost 100 trees have possibly been sacrificed. Why not legislate for reduction in the number of copies for record purposes? In our offices, we should encourage the habit of printing on both sides of papers and taking printouts only if and when necessary. A small act on the part of each one of us would go a long way to save trees and Mother Earth from the approaching disaster.

Over 100 enthusiastic nature loving members from BCAS and the CTC (including their family members) participated in a nature walk at the BNHS land on 21st February 2010. Seeing the impact of global warming on nature, they vowed to contribute their might to preserve it.

A half day seminar on TDS organised at IMC on 13th February 2010 received an overwhelming response from all the 260 members who attended it.

The Union “Economic Survey” projects revival of the Indian economy. The Union Budget will promote economic growth of

the economy though inflationary. Over 2500 people gathered to listen to Mr. S.E. Dastur who analysed the Direct Tax Provisions of the Union Budget 2010 at the Yogi Sabhagriha, Dadar on 3rd March 2010. The live webcast of that event was watched by several thousand globally. As a part of community service, the Society has organised several other Budget Meetings in various parts of the city jointly with the Forum of Free Enterprise and other organisations.

An eventful Financial Year will get over soon. I shall meet you in the next F.Y. with an improved version of the Newsletter. We at BCAS believe in change ... for change alone promotes growth as perceived by Swami Vivekananda.

Yours truly,

Mayur Nayak

Trees are the earth’s endless effort to speak to the listening heaven.

— Rabindranath Tagore

* On this occasion, CA T. N. Manoharan will be felicitated on his selection by the Government of India for being conferred the Padma Shri Award.


IndirectTaxes and Allied Laws Committee

Chairman : Pranay MarfatiaConvenors : Toral Mathuria Suhas Paranjpe

Seminar on Procedure for E filing of return under Service Tax Rules.Organized jointly with Chamber of Tax Consultants

& All India Federation of Tax PractitionersPursuant to the notification no.01/2010 dtd. 19/2/2010 every assessee who has paid a total service tax of rupees ten lakh or more including the amount paid by utilization of CENVAT credit in the preceding financial year is required to file the return electronically. The first Half Yearly Return to be filed under the new rules will be 25th April 2010.

A seminar on the practical aspects of processing and uploading an E–return under Service Tax is organized with a view to provide very timely and useful guidance to our members to deal with this change in rules.

Mr. Satyajit Mohanty Joint Commissioner of Service Tax has kindly agreed to grace the occasion and provide an overview of the system put into operation by the excise department.

Mr. V.U Brahmakshatri Superintendent - Service Tax will also grace the occasion and have an interactive session with the members to resolve their queries in day to day practice. A live demo of how to process and upload an E returns will also be given.

Day & Date : Tuesday, 23rd March 2010

Venue : Gulmohar Hall, BCAS

Time : 5.00 p.m. to 8.00 p.m.

Fees : For members of BCAS, CTC and AIFTP Rs. 100/- For non members Rs. 125/-

Enrolment restricted to 75 persons. Enrolment form is printed on page 10.

Members are requested to make use of the Career Search Engine facility of BCAS. Kindly log on to the BCASWebsite i.e. www.bcasonline.org, click on the option ofCareer Search. You can place your Classified Advertisement in the appropriate place of Jobs Wanted & Jobs Available. The Career Search Engine of BCAS is free of cost.

This search engine is specially developed for the BCAS Website visitors. Kindly make the use of it. You arewelcome to give your feedback after using the same.

Flash News

Modern day distractions and gradual movement towardsmaterialistic achievements; growing media focus (andattendant glamorization thereof) on financial gains – all at the cost of our basic values and ideals. Truth and Honesty are considered obsolete values by some.

These are the signs of the world today. It seems no one is spared of this malaise. Whether it is a large corporate empire or a small self made cobbler on the road side. Whether a politician or a professional – an actor or a litterateur; a sportsman or an accomplished dancer. Across all barriers, success is being measured more and more in monetary terms and, in the process, honesty is sidelined and ignored.

Recently, the Satyam episode brought the above situation to the forefront. Suddenly, our profession found itself right in the middle of the public firing line. Our professional brothers were accused of being part and parcel of one of the largest and most shocking financial scandals in the world. To add to these woes, there were ugly, public accusations floating around against the leaders of our profession.

Just when we were all dreading as to what more could go wrong for our profession, came a silver lining on the dark ominous clouds. CA T.N. Manoharan, a Past President of ICAI and one of the few men handpicked by the Govt. of India to rescue Satyam was selected by the Govt. for being awarded the Padma Shri. Mr. Manoharan, a fine friend and an ardent admirer of the BCAS has played a large role in one of the most remarkable and historic turn-around stories the world has seen. He epitomizes humility, selflessness and integrity.

The BCAS invites you to join us at a special lecture meeting on 25th March at the K.C. College auditorium in Mumbai at 5.45 p.m.

Mr. Manoharan will address us and share his views, experience and thoughts on “Satyameva Jayate – Learning from the Satyam experience”

He would not only dwell on the revival story of Satyam but would also highlight the lessons to be learnt from the Satyam episode both from the viewpoint of the Chartered Accountants as well as the younger generation—more particularly theStudents pursuing Chartered Accountancy Curriculum.BCAS would use this occasion to honour Mr. Manoharan on his name being included by the Government of India in the list of awardees for conferment of Padma Shri. As a special gesture to the younger generation (for whom Mr. Manoharan has a very soft corner), we have reserved 100 seats in the auditorium for CA students.

YOU simply cannot afford to miss this opportunity. Join us at KC College auditorium on 25th March at 5.45 p.m.This meeting will be held under the auspices of Dilip N. Dalal Oration Fund.

Truth alone triumphs

SATYAMEVA JAYATE


From rBI

The Reserve Bank of India has issued the following circulars and the PIB Press Note during the period under report

A. P. (DIR Series) Circular No. 33 dated February 09, 2010External Commercial Borrowings (ECB) Policy - Liberalisation

Presently, any change in the terms and conditions of ECB after obtaining Loan Registration Number (LRN) requires prior permission from RBI.

This circular has delegated powers to Authorized Banks, with immediate effect, to approve request for changes in the following cases, subject to specified conditions: -

a) Changes / modifications in the drawdown / repayment schedule Changes / modifications in the drawdown / repayment schedule of the ECB already availed, both under the approval and the automatic routes, may be permitted subject to the condition that the average maturity period, as declared while obtaining the LRN, is maintained. The changes in the drawdown / repayment schedule should be promptly reported to the DSIM, Reserve Bank in Form 83. However, any elongation / rollover in the repayment on expiry of the original maturity of the ECB would require the prior approval of the Reserve Bank.

b) Changes in the currency of borrowing Change in the currency of borrowing, if so desired, by the borrower company, in respect of ECB availed of both under the automatic and the approval routes, may be permitted subject to all other terms and conditions of the ECB remaining unchanged. Designated AD banks should, however, ensure that the proposed currency of borrowing is freely convertible.

c) Change of the AD bank Change of the existing designated AD bank by the borrower company for effecting its transactions pertaining to the ECB may be permitted subject to No-Objection Certificate (NOC) from the existing designated AD bank and after due diligence.

d) Changes in the name of the Borrower Company Changes in the name of the borrower company may be permitted subject to production of supporting documents evidencing the change in the name from the Registrar of Companies.

Press Release by the Press Information Bureau, Government of India, dated February 11, 2010Review of cases requiring prior approval of the Foreign Investment Promotion Board

The Cabinet Committee on Economic Affairs (CCEA) has taken the following decisions with regard to cases of foreign investment requiring prior Government approval.

Presently, proposals with total project cost up to Rs. 600 crore require approval from the Finance Ministry and proposals with total project cost up to Rs. 1,200 crore require approval from the CCEA. Henceforth only proposals involving total foreign equity inflow of more than Rs. 1,200 crore will require CCEA approval and Finance Ministry, based on the recommendations of the FIPB, will consider proposals with total foreign equity inflow up to Rs. 1,200 crore.

In the following cases where prior approval of FIPB / CCEA for making the initial foreign investment was taken, fresh approval will not be required to be obtained the FIPB / CCEA:

1. Cases of entities whose activities had earlier required prior approval of FIPB / CCFI / CCEA and who had, accordingly, earlier obtained prior approval of FIPB / CCFI / CCEA for their initial foreign investment but subsequently such activities/sectors have been placed under automatic route.

2. Cases of entities whose activities had sectoral caps earlier and who had, accordingly, earlier obtained prior approval of FIPB / CCFI / CCEA for their initial foreign investment but subsequently such caps were removed or increased and the activity placed under the automatic route.

3. Cases where prior approval of FIPB / CCFI / CCEA had been obtained with reference to activities / sectors requiring prior approval and also from the angle of provisions of Press Note 18/1998 or Press Note 1 of 2005.

A. P. (DIR Series) Circular No. 35 dated February 17, 2010 Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)

Annexed to this circular is the updated Memorandum ACM containing Procedure for channeling transactions through the ACU. This update incorporates the changes effected in the settlement system of ACU mechanism at the 37th Board Meeting of the ACU held in June 2008.

Contributed by : Gaurang Gandhi

Most people...find a disorientating mismatch between the long-term nature of their liabilities and the increasingly short-term nature of their assets.

— Howard Davies


Accounting &Auditing

Committee&

Human Resources Committee

Chairman : Himanshu KishnadwalaConvenors : Himanshu Vasa Raman Jokhakar Abhay MehtaChairman : Rajesh MuniConvenors : Mukesh Trivedi Aliasgar Kherodawala Manish Sampat

Students Program on International Financial Reporting

StandardsThe Ministry of Corporate Affairs, The Finance Ministry, The Institute of Chartered Accountants of India, Securities and Exchange Board of India, different industry representatives and various professional bodies are working overtime to meet the deadline of India’s convergence to the global accounting language “International Financial Reporting Standards” IFRS by 2011.

There are various implementation challenges with regard to this convergence and the most critical amongst them is to educate and prepare the professionals for this transition. We at the BCAS are doing our best to help our members and students in capacity building in this area and getting them ready for this 2011 millstone event.

The Human Resources and the Accounting & Auditing Com-mittees have planned a one day program to introduce IFRS to students. This one day program is planned to familiarize students with the concepts of IFRS and their basic differenc-es with Indian GAAP. Members are requested to inform their students about the Details of the program, which are as follows:

Day & Date : Saturday 27th March 2010.

Venue : BCAS Conference Room, 7 Jolly Bhavan no. 2, New Marine Lines, Mumbai 400 020.

Faculties : CA Jayesh Gandhi and CA Paresh Clerk

Time : 9.00 a.m. to 5.30 p.m.

Fees : Rs. 630/- for Students ( including Rs.30 for BCAS Foundation )

Enrolment is restricted to 30 students on first come first served basis.

Enrolment form is printed on page 10.

Accounti

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9Accounti

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Auditing

Committee

Right to Information ClinicBCAS Foundation operates a Right to Information (RTI) Clinic on regular basis. RTI Clinic is operated by Mrs. Hema Sampat, a research scholar on the subject of RTI, Mr. A. K. Asher, Advocate & RTI activist and CA Mr. Narayan Varma, past president, BCAS.

The Clinic provides help and guidance to BCAS members as also to non-members, i.e., all citizens, for makingapplications under the RTI Act and also assists in resolving any related difficulties on the subject of RTI.

The RTI Clinic operates on every 2nd, 3rd and 4thSaturday from BCAS’s office – 11 a.m. to 1 p.m.

The next RTI Clinic days accordingly are 20th, 27th March and 10th, 17th, 24th April 2010. Please call the Society’s office (Ms. Shernaaz: 61377600) to obtain a prior appointment.

Charitable Trust Clinic

The next Charitable Trust Clinic will be held on Friday, 2nd April 2010, from 5 p.m. to 7 p.m. in the library room of BCA Society at New Marine Lines.

Chartered Accountants and Trustees interested in having their queries solved are requested to call the Society’s office (Mrs. Mistry: 61377620) and obtain a priorappointment, latest by noon on the day of the Clinic. Querists are also advised to bring along relevant papers like trust deeds, audited accounts, etc.

Panel of Advisors:CA Ratanshaw Damanwala,

CA Shariq Contractor,CA Gautam Nayak,

CA Anil Sathe and CA Atul Shah

Accounts & Audit Clinic

The next Accounts & Audit Clinic will be held on Saturday, 3rd April 2010, from 10.30 a.m. to 11.30 a.m. in the library room of BCA Society at New Marine Lines.

Persons interested in having their queries pertaining to accounting and auditing issues solved, are requested to send the queries by e-mail to [email protected] one week in advance and call the Society’s office(Mr. Rajaram: 61377613) to obtain prior appointment, at least a day before the day of the Clinic. Please note that the Panel will not answer any queries pertaining to tax issues.

Panel of Advisors:

CA Sanjeev Pandit, CA Himanshu Kishnadwala andCA Jayesh Gandhi


International TaxationCommittee

Chairman : Pinakin DesaiCo-Chairman : Rajesh Kothari Convenors : Sonalee Godbole Dhishat Mehta Sushil Lakhani

Course Co-ordinator: Naresh A. Ajwani

Seminar on Advanced FEMA and Allied Laws Issues

We are pleased to announce a full day Seminar on “Advanced FEMA and Allied Laws issues”. This Seminar has been jointly planned with the Chamber of Tax Consultants.

Foreign Exchange Management Act has completed almost one decade of its existence. Lot of liberalisation has happened in the recent past. At the same time, some issues have remained unresolved. Compounding of offences is happening in a big way. Prevention of Money Laundering Act and Foreign Contribution Regulation Act are assuming significance by each passing day. All these aspects will be discussed at the Seminar. Details of the Seminar are as follows:

Day & Date : Saturday, 27th March 2010

Venue : M. C. Ghia Hall, Kalaghoda, Mumbai.

Time : 9.30 a.m. to 5.30 p.m.

Fees : Rs. 1,200/- (including breakfast, lunch, tea / coffee and Seminar material) for members of BCAS and CTC Rs. 1,500/- for non members

Subject SpeakersKeynote Address Mr. Salim Gangadharan,

Chief General Manager-in-charge, Foreign Exchange Department, RBI.

Foreign Investment – specific issues under FIPB and DIPP; Foreign Investment Law.

Mr. Gopal Krishna,Joint Secretary, Department of Industrial Policy and Promotion.

Penalty, Prosecution and Compounding of Offenses under FEMA.

CA Mr. Rashmin Sanghvi.

Post-lunch

Foreign Contribution Regulation Act (FCRA)

CA Shariq Contractor.

Prevention of Money Laundering Act

Dr. Shamsuddin,Presiding Officer, Debts Recovery Tribunal, Aurangabad.

Brains Trust Session CA Dilip J. ThakkarDr. Pravin P. Shah

Enrolment will be restricted to first 125 participants from both organisations put together. Enrolment form is printed on page 10.

International TaxationCommittee

Chairman : Pinakin DesaiCo-Chairman : Rajesh Kothari Convenors : Sonalee Godbole Dhishat Mehta Sushil Lakhani

Course Co-ordinators: Chetan Shah and Naresh Ajwani

Workshop on Practical Aspects of Five Important Articles of DTAAs

The purpose of this workshop is to deal at an advanced level with the practical aspects of the five most important Articles of DTAAs . This workshop would be useful for Professionals practicing in the field of International Taxation as also to tax professionals in Industry. Day & Date : Friday, 9th April, 2010 (The workshop earlier scheduled on Friday, 26th February, 2010 is rescheduled due to presentation of Finance Bill, 2010 on the same day)

Time : 9.00 a.m. to 6.00 p.m.

Venue : Mumbai Cricket Association, Bandra Kurla Complex, Bandra East, Mumbai.

Fees : Rs. 1,500 for members Rs. 2,000 for non-members (limited seats) (inclusive of course material, tea, coffee & lunch

and Rs. 20 towards contribution to BCAS Foundation)

Topic FacultyArticles 5 and 7 i.e Permanent Establishments and Business Profits

CA Nitin Karve

Article 4 i.e Residence CA Sushil Lakhani

Article 12 i.e Royalty , Fees For Technical Services and Fees For Included Services

CA Geeta Jani

Article 15 i.e Dependent Personal services

CA (Mrs.) Parizad Sirwalla

Article 23 i.e Foreign Tax Credits Mr. Chythanya K. K., Advocate

Enrolment restricted to 125 participants on first-come-first-served basis. Please enrol early to avoid last minute disappointment.

Enrolment fees are non-refundable.

Enrolment form is printed on page 10.

It used to take me all vacation to grow a new hide in place of the one they flogged off me during school term

— Mark Twain


Completed Graduation, Worked as an Accounts Assistant

or Completed Article Training

Human Resources Committee of .

7, Jolly Bhavan No. 2, Ground Floor, New Marine Lines, Mumbai - 400 020.Tel. 61377600 Fax 61377666E-mail [email protected] Visit us at www.bcasonline.org

23, D.W. Road, Churchgate, Mumbai - 400 020.Tel: 91 22 2287 6115/2204 2195 Fax: 91 22 2281 0758Email: [email protected] [email protected]

BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY

HR COLLEGE OF COMMERCE & ECONOMICS

•

•

•

•

ORGANISED JOINTLY BY

COURSE JUST FOR YOUbecome a PROFESSIONAL ACCOUNTANT

?WHAT NEXTCourse Objective:To identify, train, improve job prospects and create a new brand of

professionals who will be identif ied as ProfessionalAccountants (PAs).

Eligibility:

Syllabus:

Course duration :

13th April 2010,

T.Y. B.Com or 3 years’ work experience or completed articleship.

Covering all essential subjects to make you an effective independent

accountant. The course will cover not only basic subjects like

accounts, tax etc but also include costing, MIS, ERP financial

packages, office systems, reports and communication skills and yes

even how to draft an effective CV

A total of 20 sessions of 3 hrs each will be held.

Sessions will be spread over on Tuesdays & Fridays evening & some

Saturdays afternoon at BCAS & HR College.

Timing: 5.30 to 8.30 or 2.30 to 5.30 on Saturday

Fees: Rs. 4500/- per participant. Restricted to 45 participants

Rajesh Muni

Indu Shahani,

, Chairman, Human Resources Committee of BCAS

Principal, H. R. College

Course Manish Reshamwala 66355488 9820050810

Co-ordinators Manori Shah 23523849 9820190092

Prof. Parag Thakkar - 9820304543

Certificate Course for

Profess onaliACCOUNTANT

For Further Details Contact :

Batch X

Note :�

�

�

�

�

�

.Timing : 10 a. m. to 5 p. m. Monday to Friday and 10 a.m. to 1 p.m. Saturday.Schedule and faculties could change based on course requirement.Cheque should be drawn on BCAS.

Enrollment on first come first served basis.Kindly note that no refund will be given in case of cancellation for any reason and no substitutewill be allowed, once the enrolment form is submitted.

Submit enrollment form along with 1 photograph at BCAS office only

Outstation payment by Demand Draft / Cheques at par only,payable at Mumbai. Members can pay through the credit / debit card at the BCAS office.

BCAS is happy to announce annual formation of Study Circles for the year 2010-11. The BCAS study circles are well known for the very high quality of deliberations that take place in the presence of and under the guidance of seniors and also for the meticulous planning and organisational capabilities of their convenors. BCAS Study Circles are not only the backbone for you to begin your active involvement in the activities of the BCAS but provide you with following benefits: • tremendous opportunities for enhancing and sharing knowledge • honing your soft skills • keeping in touch with contemporary developments in law and in practice • fellowship amongst your professional colleagues.

All these would add substantial value to your capabilities and personality. We invite you to partake in the feast of knowledge in the year ahead and join the study circle(s) of your choice. As you are aware, we face a constraint of space and this forces us to restrict the enrolment to a certain number. We therefore sincerely request you to make it a point to attend the meetings regularly. For further information/queries about the study circles, please feel free to contact us at [email protected] Annual fee for joining the study circles is Rs.400 per study circle which is inclusive of Rs.30 as contribution to BCAS Foundation.

Kindly note:(a) Generally, all study circle meetings are held at the Conference Rooms in the BCAS office. In rare cases, we hold the meetings at other venues(b) Any member of the BCAS is welcome to join the study circles. There is no restriction on the number of circles that you can join(c) It would be our endeavour to hold at least 6 meetings per study circle in the year. However, this would be subject to the availability of group leaders and chairmen(d) The term of each study circle is from 1-4-2010 to 31-3-2011.

Please select the study circle that you would like to join from the list given below and send in your cheque to us with the enrolment form:

BCAS Study Circles for 2010-11

Responding to the request made by our members, we are contemplating the possibility of starting a study circle in the western suburbs (between Bandra and Andheri). This study circle will meet 8 to 10 times a year, and will cover diverse topics on subjects such as Direct Tax, Indirect Tax, and IFRS etc. The study circle will be started if there is adequate interest expressed by members. Those interested in joining this study circle should send an e-mail to [email protected] subject line of the e-mail should state “Yes, I want to join the BCAS Suburban Study Circle”.Please also mention your full name and BCAS membership number.

Want a BCAS Study Circle in the Suburbs?

Study Circle No.

Subject Fee Tick your choice here

I Direct Tax Laws 400

II Indirect Tax Laws 400

III Company Law, Auditing & Accounting

400

IV FEMA 400

Study Circle No.


V Information Technology 400

VI Human Resource Development

400

VII Internal Audit Studies 400

VIII IFRS 1000

(Signature)

BCAS Memb. No. : ............................Name : ......................................................................................................................................................................Address : ..................................................................................................................................................................Tel. : 1...............................................2............................................... Mobile : .........................................................Fax : .............................................. E-mail :..............................................................................................................Cash/Draft/ Cheque no. .................. Drawn on .............................................................................................. Bank,Dated ......................... for an amount of Rs. ........................................................ is enclosed.

Date : ................

CUT HERE CUT HERE CUT HERE

Enrolment Form


BCAS is happy to announce annual formation of Study Circles for the year 2010-11. The BCAS study circles are well known for the very high quality of deliberations that take place in the presence of and under the guidance of seniors and also for the meticulous planning and organisational capabilities of their convenors. BCAS Study Circles are not only the backbone for you to begin your active involvement in the activities of the BCAS but provide you with following benefits: • tremendous opportunities for enhancing and sharing knowledge • honing your soft skills • keeping in touch with contemporary developments in law and in practice • fellowship amongst your professional colleagues.

All these would add substantial value to your capabilities and personality. We invite you to partake in the feast of knowledge in the year ahead and join the study circle(s) of your choice. As you are aware, we face a constraint of space and this forces us to restrict the enrolment to a certain number. We therefore sincerely request you to make it a point to attend the meetings regularly. For further information/queries about the study circles, please feel free to contact us at [email protected] Annual fee for joining the study circles is Rs.400 per study circle which is inclusive of Rs.30 as contribution to BCAS Foundation.

Kindly note:(a) Generally, all study circle meetings are held at the Conference Rooms in the BCAS office. In rare cases, we hold the meetings at other venues(b) Any member of the BCAS is welcome to join the study circles. There is no restriction on the number of circles that you can join(c) It would be our endeavour to hold at least 6 meetings per study circle in the year. However, this would be subject to the availability of group leaders and chairmen(d) The term of each study circle is from 1-4-2010 to 31-3-2011.

Please select the study circle that you would like to join from the list given below and send in your cheque to us with the enrolment form:

BCAS Study Circles for 2010-11

Responding to the request made by our members, we are contemplating the possibility of starting a study circle in the western suburbs (between Bandra and Andheri). This study circle will meet 8 to 10 times a year, and will cover diverse topics on subjects such as Direct Tax, Indirect Tax, and IFRS etc. The study circle will be started if there is adequate interest expressed by members. Those interested in joining this study circle should send an e-mail to [email protected] subject line of the e-mail should state “Yes, I want to join the BCAS Suburban Study Circle”.Please also mention your full name and BCAS membership number.

Want a BCAS Study Circle in the Suburbs?

Study Circle No.


I Direct Tax Laws 400

II Indirect Tax Laws 400

III Company Law, Auditing & Accounting

400

IV FEMA 400

Study Circle No.


V Information Technology 400

VI Human Resource Development

400

VII Internal Audit Studies 400

VIII IFRS 1000

(Signature)

BCAS Memb. No. : ............................Name : ......................................................................................................................................................................Address : ..................................................................................................................................................................Tel. : 1...............................................2............................................... Mobile : .........................................................Fax : .............................................. E-mail :..............................................................................................................Cash/Draft/ Cheque no. .................. Drawn on .............................................................................................. Bank,Dated ......................... for an amount of Rs. ........................................................ is enclosed.

Date : ................


Enrolment Form


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Name : ......................................................................................................................................................................Address : ..................................................................................................................................................................E-mail :............................................... Mobile : ............................. Tel. : ............................ Fax : ...........................BCAS Memb. No. : ............................ Tel. (O) : ........................... Tel. (R) : ...................... Fax : ............................Choice of food (wherever applicable) .......... Jain Non-Jain Cash/Draft/ Cheque no. .................. Drawn on .............................................................................................. Bank,Dated ......................... for an amount of Rs. ........................................................ is enclosed.

Please fill in the above form appropriately and send the same to the Society’s office along with the requisite payment.Please mention your name and membership number on the reverse side of the local cheque/at par cheque/Demand Draft.Kindly note that the cash counter timing are from 10.30 a.m. to 5.30 p.m. on Monday to Friday and 10.30 a.m. to 1 p.m. on Saturday. The lunch time is 1 p.m. to 2 p.m. Members are requested to co-operate in this regard. Cancellation Policy: Kindly note that no refund will be given in case of cancellation for any reason and no substitute will be allowed, once the enrolment form is submitted.

Date : ................

SEMINAR : Seminar on Procedure for E filing of return 23-3-2010 Rs.100 for member..............under Service tax Rules. Rs.125 for non-member......Advanced FEMA and Allied Laws Issues 27-3-2010 Rs.1,200 for member........... Rs.1,500 for non-member...Certificate Course for ProfessionalAccountant 13-4-2010 Rs.4,500 ............................

WORKSHOP : Workshop on Practical aspects of five 9-4-2010 Rs.1,500 for member...............important articles of DTAAs Rs.2,000 for non-member........

Students Program on International Financial Reporting Standards 27-03-2010 Rs.630 for students.................

Combined Enrolment Form


Forthcoming Study Circle Meeting

Internal Audit StudiesVenue: Gulmohar Hall, BCAS

Study Circle/Group Direct Tax LawsDay, Date & Time Friday, 19-03-2010, 6.15 p.m.

Subject Union Budget 2010 - Direct Tax Proposals

Group Leader CA Gautam Nayak, Past President of BCAS

Chairman CA Kishor Karia, Past President of BCAS

Convenors Mayur Kisnadwala, Chetan Shah, Manesh Gandhi

* Restricted to members of that particular Study Circle only.

* Restricted to members of that particular Study Circle only.

Venue: Gulmohar Hall, BCAS

Convenors: Atul Shah and Manish Reshamwala

Date & Day Topic Speakers Friday26th March 2010

Internal Audit in ref to bank receivables and Interest

CA Purvi MalaniPartner A.J. Shah & Co.

Friday 23rd April 2010

Internal Audit in Reference to Income Tax Provisions.

CA Pinky Shah

for members only. for private circulation only. price : rs ... · list of awardees for conferment...

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