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BCAS Newsletter, April 2008 1
President : Rajesh Kothari, 28089956; Vice-President : Anil Sathe, 24367693; Hon. Secretaries : Pradip Thanawala, 22694248; Mayur Nayak, 26831199; Hon. Treasurer : Deepak Shah : 22420089
PROGRAMMES
AT
A
GLANCE
7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020. Tel. Nos. : 66595601 to 05; Fax : 66595606 E-mail : bca@bcasonline.org; Website : www.bcasonline.org
Vice-President’s Communiqué . . ✍
Day & Date : Wednesday, 23rd April 2008*
Speaker : N. P. Sarda, Chartered Accountant
Subject : Certain issues on Accounting Standards withspecial emphasis on AS-22 (Deferred Tax) andAS-10 (Fixed Assets) — Revised
Day & Date : Wednesday, 7th May 2008*
Speaker : Pinakin Desai, Chartered Accountant
Subject : Taxation of Royalties and Fees for TechnicalServices in International Trade
Day & Date : Tuesday, 20th May 2008*
Venue : M. C. Ghia Hall, K. Dubhash Road,Mumbai-400001.
Speaker : Saroj Maniar and Raman Jokhakar,Chartered Accountants
Subject : Filing of Income-tax returns for the AssessmentYear 2008-09(This meeting is also open for CA students)
Day & Date : Wednesday, 11th June 2008*
Speaker : Arati Vissanji, Advocate.
Subject : Recent important judgments on Income-tax
*Fellowship over a cup of tea at 5.45 p.m.
Lecture MeetingsVenue : 4th floor, IMC, Churchgate, Mumbai-400020.
Time : 6.15 p.m.(unless otherwise specified)
Management Development Programme Module-II Effective Thinking ............. 3-5-2008 ....................... Gulmohar Conference Hall, BCAS, Mumbai-400020. .... 2Enrolment of members for International Tax and Finance (ITF) Study Groups ................................................................................................................................... 2Full-Day Seminar Post-Budget Controversies on Service Tax ........................ 21-6-2008 .................... Gulmohar Conference Hall, BCAS .................................... 4Allied Laws Workshop ............................................................................................ 6, 13, 19, 26-6-2008 .. Gulmohar Conference Hall, BCAS .................................... 4Workshop on ‘Being alert and achieving’ ........................................................... 19-4-2008 .................... BCAS Conference Room, Mumbai-400020. ..................... 7BCAS Study Circles for 2008-2009 ..................................................................... 2008-2009 .................... BCAS Conference Room .................................................... 9BCAS Foundation — Book lending facility for CA Students .................................................................................................................................................................. 12
Harnessing Talent and Providing Quality Service April 2008Vol. 11 No. 1
Anil Sathe
Dear Members,
The month of April has arrived and most of you must be sweating it out tomeet deadlines. In this month, audits of banks have to be completed. To me,target dates set by banks appear to be unreasonable.
In his classical role, an auditor is required to express his opinion on whetherthe accounts show a true and fair view. In the case of bank audits withstringent deadlines, the time available to him to form such an opinion isextremely short. It is true that technology permits an auditor to access andanalyse a large volume of data quickly, but I believe that forming an opinionon the basis of that data is a process that is inherently time consuming.
Further, certain banks are in the process of overhauling their systems, or fine-tuning them. In certain cases the original documents of borrowers aremaintained at a central location and are processed there. This results in theauditor having limited time for verification and this in turn puts his team underpressure.
I think many of these problems can be solved if appointment of auditors ismade early, maybe in the month of December. This will give enough timeto the auditor to carry out the verification process prior to the close of thefinancial year. He may also be able to suggest rectification measures. Theaudit process can therefore be carried out in two stages. The cost for theauditee will obviously increase but will impart the much needed value addition.
I am fully conscious of the fact that it is essential for auditees that the auditprocess is completed quickly. Users want information to be authentic, accurateand upto date. However I believe the quality of response is as important asits speed.
At the Society, we try to bring to members best of both worlds. Someprogrammes enable them to upgrade their professional skills while othersenrich and enhance the quality of human life. I invite members to take benefitof all such programmes.
As members experience the heat of work this summer, I wish them all successin meeting the April deadlines. May the fruits of labour be sweet !
Courtesy is the shortest distance between two people.
— Anonymous
BCAS Newsletter, April 20082
Chairman : Kanu ChokshiCo-chariman : Uday SathayeConvenors : Atul Shah
Himanshu VasaBhargava Vatsaraj
Management Development Programme Module-IIEffective Thinking
After a very successful Programme Module I on Strategic Managementand the enthusiasm and demand from the participants, the Committeeis pleased to announce its next module on Effective Thinking.
The programme will lay emphasis on management skills for effectivethinking. All business projects initiate with an idea and an idea initiatesfrom effective thinking. Right and Effective Thinking is the demand ofthe day. This will give you an edge over others in meeting thechallenges faced by our profession in the field of businessconsultancy.
This module aims at providing fellow professionals with insights intomanagement challenges for Effective Thinking in the Indian corporatesector in the globalised environment. The speaker has been requestedto cover practical examples in his interaction. BCS Alumni would findthis as an opportunity to refresh their old memories at JBIMS andinteract among themselves and the professors.
Day and date : Saturday, 3rd May, 2008
Time : 9.30 a.m. to 5.30 p.m.
Venue : Gulmohar Conference Hall, BCAS, 7, JollyBhavan No. 2, Opp. Nirmala Niketan, New MarineLines, Mumbai-400020.
Fees : Rs.1,220 per participant inclusive of course material,refreshments, lunch and Rs.20 as contribution toBCAS Foundation.
Speaker : Dr. Anil Naik, Management Faculty & Consultant
Subject covered :
Session 1 INTRODUCTION
➠ Thinking Process➠ Types of Thinking➠ Types of Thinking Skills
Session 2 POSITIVE THINKING
➠ Concept of Positive Thinking➠ Power of Positive Thinking
Session 3 INTUITION
➠ Introduction to Intuition➠ Intuitive Decision Making
Session 4 EFFECTIVE THINKING PROCESS
➠ Concept of Six Thinking Hats➠ Use of Six Thinking Hats
Limited to only 25 participants on first-come-first-served basis.
Enrolment form is printed on page 12.
Course Co-ordinators : Gracy Mendes, Swati Gosher
Chairman : Kishor KariaConvenors : Dhishat Mehta
Nitin ShingalaSushil Lakhani
Enrolment of members forInternational Tax and Finance (ITF)
Study GroupsThe International Taxation Committee has been conducting two StudyGroups — ITF-1 & ITF-2 — for deliberations in the field ofInternational Taxation and Finance. The Groups run on a self-studybasis. Members of the Groups are expected to make presentationsbefore their respective Group and in the process enrich theirknowledge and share their experience with fellow members. Non-Groupmember speakers are invited only to introduce certain specialisedsubjects, which the Group members can then take up for further study.
Members of the Groups in past have immensely benefitted from thesedeliberations. In the larger interest of members of the Society, theCommittee has decided to invite new members to both the Groupsif they are willing to contribute and share their knowledge andexperience with fellow Group members. The profile of the respectiveGroups is as follows.
● ITF-1
ITF-1 was established about eighteen years ago. The deliberations inITF-1 are at an advanced level and members are expected to havebasic knowledge (including issues and case laws) and experience ofthe subject.
● ITF-2
The objective of ITF-2 is to introduce members to the field ofinternational taxation and enable them to acquire basic knowledge ofModel DTAAs through self-study and Group-study.
The Groups run on self-financing basis. Initial contribution of eachmember would be Rs.1,000.
Members desirous of joining either of the Groups may forward awritten application by way of a letter to the Assistant Event Managerat the BCAS office. The application should clearly state name,address, BCAS membership number, contact particulars (including e-mail ID) and the current practice/work profile. The member should alsomention if he/she would like to participate and assist in administrationof the Group. The application along with a cheque for Rs.1000 shouldreach BCAS office not later than 30th April 2008. Existing membersshould send their cheque for Rs.1000 with their name and membershipnumber written on its back to continue their membership.
The application of members desirous of joining ITF-1 should alsomention the topics on which he/she would like to make presentationsand share knowledge and experience with fellow Group members.
Enrolment form is printed on page 12.
BCAS Newsletter, April 2008 3
STATEMENT AS PER PRESS AND REGISTRATION OF BOOKS ACTFORM IV (see Rule 8)
BCAS Newsletter
1. Place of Publication : 7, Jolly Bhavan No. 2, New Marine Lines,Mumbai-400020.
2. Periodicity of Publication : Monthly
3. Printer’s Name : Narayan VarmaNationality : IndianAddress : 56-B, Mittal Towers, 210, Nariman Point,
Mumbai-400021.
4. Publisher’s Name : Narayan VarmaNationality : IndianAddress : 56-B, Mittal Towers, 210, Nariman Point,
Mumbai-400021.
5. Editor’s Name : Narayan VarmaNationality : IndianAddress : 56-B, Mittal Towers, 210, Nariman Point,
Mumbai-400021.
: Bombay Chartered Accountants’ Society,7, Jolly Bhavan No. 2,New Marine Lines, Mumbai-400020.
6. Names and addresses ofindividuals who own thenewspaper and partners orshareholders holding morethan 1% of the total capital.
I, Narayan Varma, hereby declare that the particulars given above are trueto the best of my knowledge and belief.
Sd/-Narayan Varma
Date : 15-4-2008 Signature of Publisher
Right to Information Clinic
Accounts & Audit Clinic
Panel of Advisors :
Sanjeev Pandit,Himanshu Kishnadwala and
Jayesh Gandhi
The next Charitable Trust Clinic will be held on Friday, 2ndMay 2008, from 5 p.m. to 7 p.m. in the library room of BCASociety at New Marine Lines.
Chartered Accountants and Trustees interested in having theirqueries solved are requested to call the Society’s office (Mrs.Mistry on extn. 20) and obtain a prior appointment, latest bynoon on the day of the Clinic. Querists are also advised tobring along relevant papers like trust deeds, audited accounts,etc.
Panel of Advisors :
Ratanshaw Damanwala,Shariq Contractor,Gautam Nayak,
Anil Sathe and Atul Shah
The BCAS Clinics
The next Accounts & Audit Clinic will be held on Saturday,3rd May 2008, from 10.30 a.m. to 11.30 a.m. in the libraryroom of BCA Society at New Marine Lines.
Persons interested in having their queries pertaining toaccounting and auditing issues solved, are requested to sendthe queries by email to asst.em@bcasonline.org one weekin advance and call the Society’s office (Mr. Rajaram onextension 13 or 21) to obtain prior appointment, at least a daybefore the day of the Clinic. Please note that the Panel willnot answer any queries pertaining to tax issues.
Charitable Trust Clinic
BCAS Foundation operates Right to Information (RTI) Clinic on aregular basis. RTI Clinic is operated by Mrs. Hema Sampat, aresearch scholar on the subject of RTI, Mr. A. K. Asher, Advocate& RTI activist and Mr. Narayan Varma, past President, BCAS.
The Clinic provides help and guidance to BCAS members as alsoto non-members, i.e., all citizens, for making applications under theRTI Act and also assists in resolving any related difficulties on thesubject of RTI.
The RTI Clinic operates on every 2nd, 3rd and 4th Saturday fromBCAS office — 11 a.m. to 1 p.m.
The next RTI Clinic days accordingly are 19th & 26th April2008 and 10th, 17th & 24th May 2008. Please call the Society’soffice (Mrs. Archana) to obtain a prior appointment.
Notice of Election1. Election for the posts of President, Vice-President, two joint
Secretaries, Treasurer and eight Members of the ManagingCommittee of the Bombay Chartered Accountants’ Society willbe held on 8th May 2008.
2. Members desirous of contesting the election for the aboveposts should file their nominations with the office of theSociety in the prescribed forms latest by 11.00 a.m. on 2ndMay, 2008. Nomination forms will be available at the Society’soffice from 24th April, 2008 onwards.
3. Voting for the election will be held on Wednesday, 8th May2008, at the Society’s office between 10.00 a.m. and 1.00p.m.
Attention of members is invited to Rules 12 to 18 of the Rulesand Regulations of the Society, according to which, a memberin arrears of subscription is not entitled to contest the election,nor can he/she vote or propose/second a candidate until his/hersubscription is fully paid.
The way not to lead a monotonous lifeis to live for others.
— Bishop Fulton J. Sheen
BCAS Newsletter, April 20084
Chairman : Pranay MarfatiaCo-Chairman : Govind GoyalConvenors : Raman Jokhakar
Sunil GabhawallaShardul Shah
Full-Day SeminarPost-Budget Controversies on Service TaxAs usual, Union Budget has proposed various changes in the arenaof Service Tax and CENVAT Credit. Some of the changes arefundamental and have far-reaching implications. After the initialreactions, a time has come to take stock, share experiences and findsome solutions. This in-depth seminar aims to achieve these goals.
The basic knowledge of Service Tax law and procedures is expected.The seminar aims at covering controversial issues in an interactivemanner. The faculty will draw from their experience and also suggestpractical tips.
In the pre-lunch session, CA S. S. Gupta will take the participantsthrough the amendments in CENVAT Credit Rules, 2004, with practicalillustrations and examples on applicability of Rule 6. He would alsoaddress participants’ queries and provide his expert comments.
The post-lunch session will witness a panel discussion on twoimportant services, namely, lease and information technology services.Both these services have significant elements of overlap with VATLaws. The panel therefore comprises of CA Rajat Talati who willdiscuss and elucidate the VAT principles pertaining to these servicesand CA Puloma Dalal who will throw light on the Service Taxprinciples. The session should end with some case studies highlightingthe overlap between the two laws and the solutions presented by thesubject experts to these overlaps.
Day and Date : Saturday, 21st June 2008.
Time : 10.30 a.m. to 6.00 p.m.
Venue : Gulmohar Conference Hall, BCAS
Fees : Rs.600 per person for members,Rs.750 per person for non-members(Fees also cover costs towards course material,lunch and snacks and Rs.20 as contribution to BCASFoundation)
In case the participants want to discuss some live case studies/queries, they should send the same in advance to BCAS to theKnowledge Manager by e-mail – km@bcasonline.org
Enrolment form is printed on page 12.
Chairman : Pranay MarfatiaCo-Chairman : Govind GoyalConvenors : Raman Jokhakar
Sunil GabhawallaShardul Shah
Allied Laws WorkshopThis workshop is jointly planned with the Chamber of Tax Consultantsto cover the following topics :
1. Cooperative Society Laws
2. Drafting of various documents
3. Laws relating to formation of various entities
4. Laws relating to Wills and succession
Faculty : Eminent experts in the field(will be announced in May 2008)
Dates : 6, 13, 19, 26 June, 2008
Time : 6.00 p.m. to 8.00 p.m.
Venue : Gulmohar Conference Hall, BCAS
Fees : Rs.950 per person(Fees cover costs towards course material andrefreshments and Rs.20 as contribution to BCASFoundation.)
In case the participants want to discuss some live case studies/queries, please send them in advance to BCAS to the KnowledgeManager by e-mail — km@bcasonline.org
Enrolment form is printed on page 12.
If you have a Will, we have the Ways !
If you have an academic bend of mind and if you are eager to learnnew things in life while making a decent living at the same time,here is an opportunity of a lifetime !
Bombay Chartered Accountants’ Society (BCAS), a premier bodyof Chartered Accountants is looking for a person either on part-timeor full-time basis to manage wealth of information and knowledgegenerated by scores of programmes and courses that BCAS offersto its members/society at large.
The job profile inter alia would include co-ordination of E-learningprogrammes, website updations, journal and publications, managingmatters relating to our library and preparation of course materialfor various seminars, conferences and study circles.
The candidate should be a post graduate in commerce stream orpreferably a chartered accountant. Commerce graduates withrelevant experience in the field may also apply.
Please apply in confidence with expected salary to Col. Raje,General Manager, by e-mailing him at gm@bcasonline.org or sendyour CV to him at the Society’s office.
Kind attention : MembersYour Membership Subscription has got over on 31-3-2008.
You are requested to renew your subscription now.
Please send your renewal fees toBombay Chartered Accountants’ Society’s Office.
BCAS Newsletter, April 2008 5
BCAS Newsletter, April 2008
BCAS Newsletter, April 2008 7
Chairman : Rajesh MuniConvenors : Hiten Shah
Manish SampatAliasgar Kherodawala
Coordinator : Pravin Shinde
Workshop on ‘Being alert and achieving’Do you wish to be well off and achieving ?
One way is to be well, psychologically well. For this, we will have to bealert. To be alert, we should have an idea about ourselves, of our outsideand our inside, especially the latter and also how to work around thatreality. Transactional analysis psychology helps us to do this in a practicalway. This workshop will give us a headstart in the journey.
The workshop is aimed at understanding ourselves and understandingothers, relating with ourselves and relating with others, motivating oneselfand motivating others, and the power of knowing and exercising options.Learn how to play win-win strategy every time.
Dr. N. H. Atthreya a senior trainer, a resource faculty for a number ofworkshops by international and national leaders on this subject for morethan two decades, will lead the workshop. He is the author/co-author ofover thirty books including two on this subject.
The details of the workshop are as under :
Day and Date : Saturday, 19th April 2008
Time : 9.30 a.m. to 5.00 p.m.
Venue : BCAS Conference Room, 7 Jolly Bhavan No. 2,New Marine Lines, Mumbai-400020.
Fees : Rs.1220 (Fees also cover the cost of a book on thesubject co-authored by the faculty and other necessarymaterial, snacks, lunch, tea, and contribution of Rs.20towards BCAS Foundation).
Enrolment form is printed on page 12.
Formation of Sub-committees for BCAS Foundation
BCAS Foundation is formed with the philanthropic objective of contributing tosociety in whatever manner possible. In the past, the Foundation hasundertaken various projects including Tsunami Relief work. It becameinstrumental in building a school at Pondicherry along with other NGOs/Trusts.It runs RTI Clinic and carries out other RTI-related activities on ongoing basis.It has assisted many individuals affected by Mumbai bomb blast and continuesto assist one brilliant articled student who became disabled by the bomb blast.
At the Foundation, we believe that it is our duty to repay our debt to societyby creating service centres of assistance. We need to expand our activities andmake an impact in other areas of social, moral and economic development.For this objective in mind, we need more participation of our members.
For this noble cause, the Foundation is contemplating to form sub-committeesto undertake various social projects. We invite members who wish to contributetheir time and mind to rebuild this nation. Members who are interested maywrite to sp@bcasonline.org or contact BCAS Office.
In this world it is not what we take, but what we give, makes us rich.
Contributed byGaurang Gandhi
The Reserve Bank of India has issued 6 Circulars.
A.P. (DIR Series) Circular No. 31, dated March 11, 2008
Exim Bank’s Line of Credit of USD 45 million to the Governmentof the Socialist Republic of Vietnam
Exim Bank has, subject to certain terms and conditions, madeavailable a Line of Credit of US $ 45 million to the Government ofthe Socialist Republic of Vietnam for financing goods & servicesincluding consultancy services from India, eligible for export under theForeign Trade Policy of the Government of India and whose purchasemay be agreed to be financed by the Exim Bank, pertaining to NamChien Hydro Power Project (200 MW) being set up in Vietnam. Outof the total credit under this agreement, goods and services of thevalue of at least 85% of the contract price shall be supplied by sellersfrom India and the balance (other than consultancy services) may beprocured by sellers from outside India.
This credit agreement is effective from February 18, 2008. Theterminal date for opening Letters of Credit and disbursement is 48months from the scheduled completion dates of contracts in case ofproject exports and 72 months from the execution date of the CreditAgreement in case of supply contracts.
A.P. (DIR Series) Circular No. 32, dated March 31, 2008
Exim Bank’s Line of Credit of USD 100 million to the Governmentof Nepal
Exim Bank has, subject to certain terms and conditions, madeavailable a Line of Credit of US $ 100 million to the Government ofNepal for financing goods & services, including consultancy servicesfrom India, eligible for export under the Foreign Trade Policy of theGovernment of India and whose purchase may be agreed to befinanced by the Exim Bank towards road projects, rural electrificationprojects, power transmission projects and hydro power projects inNepal. Out of the total credit under this agreement, the goods andservices of the value of at least (a) 85% of the contract price if theyare required for major repairs to Devighat hydro power project, (b) 70%of the contract price if they are to be used for interconnectivity/transmission lines project and (c) 50% of the contract price in caseof other projects shall be supplied by sellers from India and thebalance goods and associated services may be procured by sellersfrom outside India.
This credit agreement is w.e.f. 18-1-08. The terminal date for openingLetters of Credit and disbursement is 48 months from scheduledcompletion dates of contracts in case of project exports and 72 monthsfrom execution date of credit agreement in case of supply contracts.
A.P. (DIR Series) Circular No. 33, dated March 31, 2008
Exim Bank’s Line of Credit of USD 10.4 million to the Governmentof Surinam
Exim Bank has, subject to certain terms and conditions, made
BCAS Newsletter, April 20088
available a Line of Credit of US $ 10.4 million to the Government ofSurinam for financing goods & services including consultancy servicesfrom India, eligible for export under the Foreign Trade Policy of theGovernment of India and whose purchase may be agreed to befinanced by the Exim Bank, for water supply project in Surinam. Outof the total credit under this agreement, goods and services of thevalue of at least 85% of the contract price shall be supplied by sellersfrom India and the balance (other than consultancy services) may beprocured by sellers from outside India.
This credit agreement is effective from February 13, 2008. Theterminal date for opening Letters of Credit and disbursement is 48months from the schedule completion dates of contracts in case ofproject exports and 72 months from the execution date of thisagreement in case of supply contracts.
A.P. (DIR Series) Circular No. 34, dated April 03, 2008
Overseas Investment by Mutual Funds — Liberalisation
Presently, Mutual funds registered with Securities & Exchange Boardof India are, subject to certain terms and conditions, permitted toinvest up to US $ 5 billion overseas.
This Circular has raised this limit to US $ 7 billion with immediateeffect. The existing facility to allow a limited number of Mutual Fundsto invest cumulatively up to US $ 1 billion in overseas ExchangeTraded Funds will continue.
A.P. (DIR Series) Circular No. 35, dated April 04, 2008
Overseas Investment by Mutual Funds — Liberalisation
The Rupee value of the special currency basket has been fixed atRs.60.5718 with effect from March 24, 2008 as against the earliervalue of Rs.58.3849.
A.P. (DIR Series) Circular No. 36, dated April 04, 2008
Liberalised Remittance Scheme for Resident Individuals —Reporting
Presently, banks are required to furnish information to RBI in respectof the Liberalised Remittance Scheme on a quarterly basis in theprescribed format.
This Circular requires the information to be submitted by the Bankson a monthly basis from April 2008, onwards in the format annexedto this Circular (not printed here).
BCAS Publications for Sale
Name of the Publication Price (Rs.) Postage (Rs.)
Books
(1) Harmful tax competition — An Emerging Global Issue 100 25
(2) CD on the discussions conducted at the 39th RRC by various paper writers 100 20
(3) BCAS Post-it Pads (50 Sheets) 50 20
(4) Audit Checklist for CompaniesFor a member 300 50
For a non-member 350 50
(5) Registration of Firms with ROFFor a member 25 20
For a non-member 30 20
(6) Laws & Business — A Compendium (2nd Edition)For a member 200 60
For a non-member 250 60
(7) Mouse Pad 30 10
(8) International Tax & Finance Conference 2007 (Set of 5 Papers)For a member 400 70
For a non-member 500 70
(9) Residential Study Course on Service Tax 2007 120 30
(10) Union Budget 2008-09 — An Analysis (Set of 5 books)
English 30 20Marathi 30 20Gujrati 30 20
(11) Exploring FEMA 200 50
BCAS Newsletter, April 2008 9
Enrolment Form
Name : .......................................................................................................
Address : ...................................................................................................
...................................................................................................................
BCAS Memb. No. : .................. Tel. : 1 ................... 2 ........................
Mobile : ................... Fax : ...................... E-mail : .................................
Cash/Draft/Cheque No. .................. drawn on .............................. Bank,
dated .................. for an amount of Rs. ........................... is enclosed.
Date : ................. Signature
Study Subject TickCircle whereverNo. applicable
I Direct Tax Laws
II Indirect Tax Laws
III Company Law, Auditing and Accounting
IV FEMA
V Economic & Allied Laws
VI Computers
VII Human Resource Development
VIII Internal Audit Studies
Notes :
1. Fees include Rs.20 as contribution to BCAS Foundation.
2. Venue : Generally, all Study Circle meetings would be held at the Confer-ence Rooms at BCAS. In exceptional cases, at other venues.
3. Enrolment to the Study Circles is open to all members.
4. It will be our endeavour to hold 6 to 10 meetings of each Study Circle ina year.
BCAS Study Circles for 2008-2009The concept of Study Circle was initiated by BCAS. It helps participantsto analyse and discuss topics of relevance to professionals. Unlike otherprogrammes, Study Circles are very interactive and enable members toshare their views on the subject. Those of you who have been membersof these Study Circles in the past have experienced the joys and thetreasure of knowledge and invaluable contacts that these Study Circlesbring in into your professional lives.
BCAS announces the formation of Study Circles for the financial year2008-2009.
Members desirous of sharing and gaining knowledge are invited to jointhe Study Circles. The fee for each study circle has been kept at Rs.300for the year. Details of the Study Circles are given in the table alongside :
Forthcoming Study Circle Meetings*Venue : BCAS Conference Hall, BCAS
Date & Day Time Subject Speaker Study Circle/Group Convenors
17-4-2008 6.15 p.m. Using TOOLS Menu in Ankita Shah Computer Samir KapadiaThursday MS Word and MS Excel Part III Study Circle Kamlesh Doshi
22-4-2008 6.15 p.m. IPR Laws & their Relevance Pramod Kumar Parida, Economic & Rajesh R. ShahTuesday to Accounting Profession Advocate Allied Laws Ashok Sharma
Study Circle
* These meetings are restricted to members of that particular Study Circle only.
This imprest scheme started last year has received encouragingresponse with many members having taken the benefit of it. Thisfacilitates members to receive BCAS publications at their doorstep. Allmembers, journal subscribers, students and non-members can takebenefit of this scheme.
Brief modalities of the scheme are as follows :
➠ Rs.2500 to be kept with the Society as an imprest cash in youraccount. Non-member will have to pay additional Rs.250 for accounthandling charges.
➠ The base level would be Rs.250 which needs to be reple-nished again to Rs.2500 by the person opting for the scheme.
➠ Publications, conference papers or CDs costing less thanRs.250 would be sent to you as soon as they are published/released. This would also include one set of English Editionof the Budget Publication (a set of 5 books).
For further details of the scheme :Visit Society’s website at www.bcasonline.orgor contact Society’s office.
Imprest Scheme for Publications
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BCAS Newsletter, April 200810
BCAS Newsletter, April 2008 11
Tuesday, 6th May 2008
BCAS Newsletter, April 200812
Edited, printed & published by Narayan Varma on behalf of Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at Vijay Mudran, Mumbai-400031.
Combined Enrolment Form
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.
Name : ...................................................................................................................................................................................................................................................................
Address : ...............................................................................................................................................................................................................................................................
E-mail : ................................................ Mobile : .......................................................... Tel. : ........................................................ Fax : ........................................................
BCAS Memb. No. : ........................... Tel. (O) : ........................................................ Tel. (R) : ................................................. Fax : ........................................................
Cash / Draft / Cheque No. .................................. drawn on ..................................................................................................................................................................... Bank,
dated .................................... for an amount of Rs. ............................................................................... is enclosed.
Date : ............................... (Signature)
wherever applicable
CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE
Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MH/MR/South-88/2006-08Licensed to post without prepayment : Licence no. South-12/2006-08. Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1.
WORKSHOP :
‘Being alert and achieving’ 19-4-2008 Rs.1220 ...............................
Allied Laws Workshop 6,13,19,26-6-2008 Rs.950 ...............................
PROGRAMME
Management Development Programme 3-5-2008 Rs.1,220Module-II Effective Thinking
Enrolment Form for the Book Lending Facility for C.A. Students
Name : ..................................................................................................................................................................................................................................
Address : ..............................................................................................................................................................................................................................
..............................................................................................................................................................................................................................................
Mobile : .................... Tel (O) : ....................... Tel. (R) : ...................... E-mail : ............................ Student’s Regn. No. with ICAI : .....................
Member’s Name : ........................................................................................................................ Member’s BCAS Registration No. : .........................
(Student’s Signature)
I the undersigned hereby recommend Mr./Ms. .................................................................................................... for availing book lending facilityof the BCAS foundation. I will ensure that the borrowed books are returned back within the stipulated period.
Date : ....................... Membership no. ....................... (Member’s Signature)
The BCAS Foundation has started an Academic Book LendingFacility for ‘PE II’ & ‘Final Level’ Chartered Accountancy students.This facility is meant to assist all those students who have in themthe capability to achieve great heights but have not been able torealise their dreams due to constraints.
After consulting various experienced faculties and one to oneinteraction with students pursuing the course, a list of academic booksfor both PE II & Final Level students has been formulated.
The scheme is in force from 15th of February 2008.
Kindly note that only students recommended by the members ofBCAS are entitled for this scheme. This is valid within Mumbaionly.
Students can also access the list of books in the Students’ Corneron the BCAS website (www.bcasonline.org).
Desiring students should immediately approach the Librarian Ms.Madhuri Haware at BCAS Office (l ibrary@bcasonline.org/students@bcasonline.org or call on 66595601/02/03/04/05 Extn no. 24)for further inquiries. The enrolment form is given below.
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BCAS FoundationBook lending facility for CA Students
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SEMINAR
Full-Day Seminar Post-Budget 21-6-2008 Rs.600 for member .......................Controversies on Service Tax
STUDY GROUPS
Enrolment of members for InternationalTax and Finance (ITF) Study Groups Rs.1,000. .......................................
Rs.750 for non-member ................
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