MAY 20131

7, Jolly Bhavan #2, New Marine Lines, Mumbai - 400020. Telephone No. 613 77 600 ; Fax : 613 77 666 ; Email: bca@bcasonline.org ; Website : www.bcasonline.org

President: Deepak R. Shah 98201 48536 | president@bcasonline.org

Vice-President: Naushad A. Panjwani 98200 59048 | vp@bcasonline.org

Hon. Jt. Secretaries: Nitin P. Shingala 98200 57694 | joint.secretary@bcasonline.org

Hon. Jt. Secretaries: Raman H. Jokhakar 98208 77976 | joint.secretary1@bcasonline.org

Hon. Treasurer: Chetan M. Shah 98202 23402 | treasurer@bcasonline.org

Vice-President’s CommuniquéEach one of us ultimately turns out the way we do because of the company we keep and the books that we read. I heard this from a dear friend recently and reflected on it and now completely agree with it. Our companions at various stages of our life are our parents, family, teachers, friends, spouse and colleagues. Some of these are our companions by birth, but most of the others are our choices. They educate and influence us in some way or the other. Likewise for books. What we read or don’t in our childhood is not within our control but what we subsequently read or don’t vastly shapes our intellect and our opinion. And together the people and books shape our thinking, our actions and our opinions.

Each one of us has an opinion on most matters. A man watching a World Cup final cricket match has an opinion on the entire match right from the team selection to the field placement, the way Sachin should have batted to the way Harbhajan should bowl. No matter if this gentleman has never even played gully cricket in his life. A man who has no say even in his family will voice opinions on how the PM should run the country. A man who cannot manage his own personal finances will have lots to advise the FM. Most often, the “expertise” comes from the various news channels/publications and discussions with “like-minded” people. There is nothing wrong in having an opinion. No doubt, identifying problems is necessary. But just voicing it is not intellect. A continuous barrage of such ‘voicing of problems’ may begin to sound like cribs, criticism and complaints. And it will never satisfy the one voicing it, as there is no solution attached to it.

Vol. 16 n No. 2 n May 2013

Harnessing Talent and Providing Quality Service A Monthly Newsletter of the Bombay Chartered Accountants’ Society

BCASNewsletterFor Members only. For Private Circulation only. Price: R10

PROGRAMMES AT A GLANCE DATE VENUE PAGE NO.

LECTURE MEETiNGS

Venue : Indian Merchants’ Chamber, Churchgate, Mumbai Day, Date & Time : Wednesday, 22nd May 2013, 6.15 p.m.Speaker : Chetan KariaSubject : Search, Settlement and Income Tax Issues Arising Out of Purchases from Suspicious Dealers as Declared by Sales Tax Department

Venue : Indian Merchants’ Chamber, Churchgate, Mumbai Day, Date & Time : Wednesday, 12th June 2013, 6.15 p.m.Speaker : Rajan VoraSubject : Recent Important issues in Corporate Taxation including Domestic Transfer Pricing

*Fellowship over a cup of tea at 5.45 p.m.

A preferred option may instead be to identify challenges that are in one’s control. Happy people are those that identify issues that they have control on and focus all their energies in setting them right and letting go of issues that they have no or very little control over. Such an approach is called ‘Solution Based Thinking’ (SBT). Once one gets addicted to this phenomenon of SBT, life actually gets very exciting and enriching. Once one lets go of challenges beyond one’s comprehension and control either due to their complexity or size, one sees so many smaller issues that were left neglected. Issues within ones control and influence. And there is this feeling that if each one of us started being part of a solution then the collective

Release of BCAS Referencer 2013-14 .............................................07-06-2013 ......................................................... Navinbhai Thakkar Auditorium, Vile Parle ..................................................... 8

7th Residential Study Course on Service Tax & VAT .............14-06-2013 to 16-06-2013 ........................... Hotel Express Inn, Nashik................................................................................ 4

Workshop on Standards on Revised Audit Report ... 21-06-2013 ................................................. Walchand Hirachand Hall, Churchgate, Mumbai ......................... 3

Certificate Course for Professional Accountant ......... 25-06-2013 ................................................ BCAS & HR College, Churchgate, Mumbai ....................................... 6

I.P.C.C. & Final C.A. Students’ Education

Crash Courses ............................................................................... 25-07-2013 to 30-09-2013 ................. Sydenham College, ‘B’ Road, Churchgate, Mumbai..................... 5

Internal Audit Studies - Foundation Course ................. 19-08-2013 to 24-08-2013 ..................................................................................................................................................... 2

Lecture Meetings ........................................................................ 22-05-2013, 12-06-2013.. ........................................................................................................................................................ 1

BCAS 2

All the three clinics will be held in the Library room of the BCAS office.

BCAS Foundation operates a Right to Information (RTI) Clinic on a regular basis.

The Clinic provides help and guidance to BCAS members as also to non-members, i.e., all citizens, for making applications 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 4th Saturday from 11 a.m. to 1 p.m.

The next RTI Clinic days accordingly are 18th May and 8th, 15th & 22nd June 2013. Please call to obtain a prior appointment.

Right to infoRmation CliniC

Advisory Panel : Narayan Varma, Adv A K Asher, Hema SampatClinic Co-ordinator : Vrushali-61377624

The next Charitable Trust Clinic will

be held on 7th June 2013 from 5 p.m.

to 7 p.m.

Chartered Accountants and Trustees

interested in having their queries

solved are requested to send their

queries by email to sp@bcasonline.org

and call to obtain a prior appointment,

latest by noon on the day of the clinic.

Querists are also advised to bring along

relevant papers like trust deeds, audited

accounts, etc.

ChaRitable tRust CliniC

Advisory Panel : Ratanshaw Damanwala, Shariq Contractor, Gautam Nayak, Anil Sathe, Atul ShahClinic Co-ordinator : Khushboo - 61377620

aCCounts & audit CliniC

Advisory Panel : Sanjeev Pandit, Himanshu Kishnadwala, Jayesh GandhiClinic Co-ordinator : Rajaram - 61377613

The next Accounts & Audit Clinic

will be held on 1st June 2013 from 10.30

a.m. to 11.30 a.m.

Persons interested in having their queries

pertaining to accounting and auditing

issues solved are requested to send the

queries by e-mail to asst.em@bcasonline.

org one week in advance and call 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.

Accounting & Auditing committeeChairman: Himanshu V. KishnadwalaConvenors: Mukesh G. Trivedi, Abhay R. Mehta and Suril V. ShahCo-ordinators: Himanshu V. Vasa, Preeti S. Cherian and Atul H. Shah

internal Audit Studies - Foundation CourseA 6 days Intensive Course on Internal Audit is being scheduled from

Monday, 19th August 2013 to Saturday, 24th August 2013 at Mumbai.

Detailed announcement will follow in the next Newsletter.

Kindly block your dates! Those interested may send in their names and

contact details to em@bcasonline.org

outcome may probably resolve those problems that earlier looked unsolvable. Do I pay my taxes? Do I vote based on merit of the candidate? Do I jump signals? Do I pay minimum wages to my personal staff? Do I employ minors in my house? How do I dispose my waste? Do I spit on the road? Do I see pirated movies? Minor issues, but within my control.

Now go higher from here. Can I influence my friends to pay taxes? Can I influence my near and dear to not vote based on religion, caste, etc.? Do I have the courage to point out to my relatives and friends if I see a minor employed in their house? Can I see that my housing society has an appropriate waste- disposal system and pays minimum wages to the caretakers and security guards? Can I stop the taxi driver from spitting on the road? Having achieved this, go even higher. If all politicians are corrupt, am I willing to join politics and change things? This kind of thinking also leads to internalising the problem instead of just blaming others for everything that’s wrong. We may not have control over many things. But we surely have control over our thoughts. So it’s up to us to decide if we want to think problems or do we have a ‘Solution Based Thinking’?

Here’s wishing everyone happiness and love.

With warm regards,

Naushad Panjwani

We can't solve problems by using the same kind of thinking we used when we created them.

Albert einstein

MAY 20133

Accounting & Auditing committeeChairman: Himanshu V. KishnadwalaConvenors: Mukesh G. Trivedi, Abhay R. Mehta & Suril V. Shah

Workshop onStandards on Revised Audit Report & Audit DocumentationThe ICAI has issued revised format of audit report as per Standards

on Auditing (SAs) 700,705,706. The report issued by Auditors for the

financial statements 2012-13 shall be as per these standards.

Maintaining appropriate documentation of attest function is extremely

important.

Accounting and Auditing Committee has organised a workshop covering

two Important Standards on Auditing which would render better

understanding for auditors to discharge the attest function and to

maintain appropriate documentation effectively.

Who will benefit?

All Chartered Accountants, in practice, in Industry and all professionals

who are responsible for attestation including review and audit of financial

statements for the year 2012-13.

The details of the programme are given below:

Programme Details

Day and Date Friday, 21st June 2013

Time 3.00 p.m. to 7.30 p.m.

Venue Walchand Hirachand Hall, 4th floor, Indian Merchants’ Chamber, Churchgate, Mumbai 400020

Fees for members R900 + R111 (ST) = R1,011

Fees for non-members R1,350 + R167 (ST) = R1,517

(fees include service tax, snacks, material if any and contribution of R 50 towards BCAS Foundation)

Topics Speakers

Standards on Auditing on Audit conclusions and Reporting: (SA 700, SA 705, SA 706, SA 710, SA 800, SA 805, SA 810)

Khushroo B. Panthaky

SQC1 & SA 230 (Audit Documentation)

Khurshed Pastakia

Enrolment form is printed on page no. 12

Most people spend more time and energy going around problems than in trying to solve them.

Henry Ford 1863-1947

To every problem there is already a solution whether you know it or not.

grenville Kleiser1868-1953

In accordance with Clause No. 18 of the Memorandum of Association of the Bombay Chartered Accountants’ Society, the names of members who have filed their nomination for Managing Committee are to be exhibited. Since the numbers of nominations are equal to that of the number of posts no election is necessary.

At the Special Committee Meeting held on 2nd May 2013, in addition to the members elected unopposed, 6 other members have been co-opted as members. The List of Managing Committee is as under:

managing Committee eleCted membeRs foR 2013-2014

President Naushad A. Panjwani

Vice President Nitin P. Shingala

Hon. Joint Secretary Raman H. Jokhakar

Hon. Joint Secretary Mukesh G. Trivedi

Treasurer Chetan M. Shah

Elected Members Bharatkumar K. Oza

Elected Members Himanshu V. Vasa

Elected Members Jayesh M. Gandhi

Elected Members K. K. Jhunjhunwala

Elected Members Nandita P. Parekh

Elected Members Narayan R. Pasari

Elected Members Sonalee A. Godbole

Elected Members Sunil B. Gabhawalla

Co-opted Members Abhay R. Mehta

Co-opted Members Aliasgar Z. Kherodawala

Co-opted Members Manish P. Sampat

Co-opted Members Saurabh P. Shah

Co-opted Members Suhas S. Paranjpe

Co-opted Members Suril V. Shah

Ex-Officio Member Deepak R. Shah

Member (Publisher) Narayan K. Varma

BCAS 4

Enrolment form is printed on page no 12.

Chairman : Govind G. GoyalConvenors : Suhas S. Paranjpe, Sunil B. Gabhawalla and Santosh M. Jain

7th Residential Study Course on Service Tax & VATThe Indirect Taxes & Allied laws Committee of BCAS is pleased to

announce the 7th Residential Study Course on Service Tax and VAT to be

held at Hotel Express Inn, Nashik, from 14th June to 16th June 2013. The

details are as follows:

Programme Details

Days and Dates Friday 14th June to Sunday 16th June 2013

Venue Hotel Express Inn, Nashik

Fees R 9,078 + R 1,122 (ST) = R 10,200 per member

Inaugural Address Shri Sushil SolankiCommissioner of Service Tax-I, Mumbai

Papers for Discussion

Subjects Paper Writer

Case Studies on CENVAT Credit Rules Bharat Raichandani

Case Studies on Negative List and Reverse Charge Mechanism under Service Tax (and Rules of Interpretation)

S. S. Gupta

Case Studies – Indirect Taxes on Hospitality Industry (Hotels, Restaurants, Caterers, etc.)

Parind Mehta

Papers for Presentation

Implications of Service Tax on Logistic Sector Prasad Paranjpe

Power to Arrest, Offences, Prosecution and Recoveries under Service Tax law

M. H. Patil

Notes1. The Residential Study Course is open only for ordinary and life members of BCAS.2. Enrolment will commence from 12th April 2013 and will be restricted to 150 members only, on first-come-first-served basis. 3. The course will begin on Friday 14th June 2013 and will conclude on Sunday 16th June 2013 after lunch. Delegates can check-in at the hotel from 11.00 a.m. onwards on Friday 14th June 2013. 4. All participants will be accommodated in earmarked rooms on twin sharing basis. The participants are requested, therefore, to indicate in the enrolment form your preference of room partner, if any.

indirect tAxes And Allied lAws committee

5. The enrolment fees is inclusive of lodging, boarding, course material and R 50 being contribution towards BCAS Foundation. The participants shall make their own arrangements for travel to and from Nashik. 6. The venue is located near Ambad at Nashik on main Mumbai – Agra Road (Mumbai - Nashik Express Way). 7. Arrangements are also being made to visit Shirdi /other nearby places of interest on Saturday 15th June 2013 afternoon. 8. Refunds & Substitution: Once enrolled, requests for refunds will not be entertained. However, the Committee, at its discretion, may permit substitution in specific circumstances, provided such request for substitution is received well before the commencement of RSC and the member to be substituted is an eligible member of BCAS. 9. Members from Nashik can join as non-resident participant (only) those members whose address is so registered with BCAS). The fees (inclusive of course material, dinner on 14th June 2013 and lunch on 15th & 16th June 2013) shall be R 4,005 +R 495 (ST) = R4,500 per member 10. For further enquiry, if any, you may kindly contact Amit Singh at BCAS. (Direct line: 61377619, e-mail: em@bcasonline.org

MAY 20135

Enrolment form is printed on page no 12.

i.P.C.C. & Final C.A. Students’ Education Crash Courses

(Jointly with Western India Regional Council of The Institute of Chartered Accountants of India) For November 2013 & May 2014 Examinations)

"We had joined the Revision Course, which has proved very much helpful to us. We cleared both groups in First Attempt "Miss Janhavi Thatte & Miss Komal Jain“ “

HumAn resources committee

Chairman : Mayur B. Nayak

Convenors : Bharatkumar K. Oza, Hemant P. Gandhi, Mihir C. Sheth

Course Co-ordinators : Chandrakant Ruparelia, Neel P. Majithia

COURSE CO-ORDiNATORS : Chandrakant Ruparelia, Neel Majithia

FEES : Rs. 1,686/- (including Service Tax 12.36% effective from 1st July 2012) per student for I.P.C.C or Final (Total, and not per Subject, Including cost of Study Materials)

TiMiNGS & VENUE : 6.15 p.m. to 8.30 p.m. on weekdays (Monday to Friday) at Sydenham College, ‘B’ Road, Churchgate.

DURATiON : From 25th July to 30th September, 2013.

ENROLMENT FROM : 25th April, 2013.

FACULTy : Eminent personalities possessing rich experience in their respective fields.

For further informaion kindly contact Mr. Amit Singh or MR. RAJARAM ON PHONE 61377619 AND 61377613 respectively during office hours at BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY.

COURSES FOR : C.A. i.P.C.C.

• Accounting / Advanced Accounting

• Business & Company Laws

• Cost Accounting & F.M.

• Taxation

• Auditing & Assurance

• Information Technology & Strategic Management

COURSES FOR : C.A. FiNAL

• Financial Reporting

• Strategic Financial Management

• Advanced Auditing

• Corporates & Allied Laws

• Advanced Management Accountancy

• Information Systems Control and Audit

• Direct Taxes

• Indirect Taxes

COMPLETED GRADUATION WORKED AS AN ACCOUNTS ASSISTANT OR COMPLETED ARTICLE TRAINING

HERE IS A COURSE JUST FOR YOU.

become A ProFessionAl AccountAnt

WHAT NEXT?

Course objective: To identify, train, improve job prospects and create a new brand of professionals who will be identified as Professional Accountants (PAs).

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

Syllabus: 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.

Course commences on : 25th June, 2013

Course duration : A total of 20 sessions will be held of 3 hrs each. Sessions will be spread over on Tuesdays & Fridays evening & some Saturdays afternoon at BCAS & HR College.

Timing: On Tuesdays and Fridays 5.30p.m. to 8.30p.m. and on Saturdays 2.30p.m. to 5.30p.m.

Fees: R 6, 741/- per participant (Inclusive of Service Tax @ 12.36%) Restricted to 45 participantsCertificates will be awarded to participants on fulfillment of criteria.

DEEPAK R. SHAH, President BCAS, iNDU SHAHANi, Principal, H. R. College

ORGANISED JOINTLY BY

Bombay Chartered Accountants’ Society7, Jolly Bhavan No. 2, Ground Floor, New Marine Lines, Mumbai - 400 020.Tel. 61377600 • Fax 61377666E-mail bca@bcasonline.org • Website: www.bcasonline.org • Web TV : www.bcasonline.tv HR College of Commerce & Economics123, D.W. Road, Churchgate, Mumbai - 400 020.Tel: 91 22 2287 6115• Fax: 91 22 2281 0758Email: info@hrcollege.edu • Website: www.hrcollege.edu

Note : • Submit enrollment form along with 1 photograph at BCAS office only. • Timing : 10 a.m. to 5.30 p.m. Monday to Friday and 10 a.m. to 1.30 p.m. Saturday.• Schedule and faculties could change based on course requirement.• Cheque should be drawn on Bombay Chartered Accountants’ Society. Outstation payment by Demand Draft / Cheques at par only, payable at Mumbai. Members can pay through the credit / debit card at the BCAS Office.• Enrollment on first come first served basis.• 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.

Note : For Details please refer website of BCAS or contact office

FOR FURTHER DETAILS CONTACT :

Course Co-ordinators Manish Reshamwala - 66355488, 9820050810Manori Shah - 23523849, 9820190092Prof. Parag Thakkar - 9820304543

Batch XVi

MAY 20137

bcAs PublicAtions/ studY mAteriAl For sAle

Exploring FEMAPrice R 225Postage R 75

6th Residential Study Course on Service Tax & VAT 2012Price R 600Postage R 100

Study Material DVD on Seminar on NBFC Regulations (including Audit and Tax Aspects) held on 30th August 2012 Price R 1250Postage R 50

Real Estate LawsPrice R 180Postage R 100

Digest of Full Bench Decisions of Central information Commission (r2i)Member Price R 120 Non-Member Price R 150Postage R 50

CA Firm of the FutureMember Price R 200 Non-Member Price R 250Postage R 100

RECENT PUBLiCATiONSOTHER PUBLiCATiONS

Gita for ProfessionalsPrice R 100Postage R 50

Advance Rulings Law and Procedures - A CompilationPrice R 125Postage R 50

Registration of Firms with Registrar of Firms – Procedure and Frequently faced Problems*Price R 50Postage R 25

Never bring the problem solving stage into the decision making stage. Otherwise, you surrender yourself to the

problem rather than the solution.

robert H schuller 1926-, American minister , Author, social leader

No problem can withstand the assault of sustained thinking.

Voltaire 1694-1778, French Historian, writer

Subscribe Now!!!

Payment can be made by cheque/DD payable at par in Mumbai in favour of ‘Bombay Chartered Accountants’ Society’. You can also pay by cash/credit card at the payment counter of BCAS Office. If you have an Imprest Account, then you can instruct us to adjust the subscription through the imprest Account. For further details log on to www.bcasonline.org

inFotecH & 4i committee & membersHiP & Public relAtions committee

Particulars Subscription Charges + Service Tax

Total Charges

Ordinary, Life and Associates of Corporate Membership R600 + 12.36% R674

Students R600 + 12.36% R674

Journal subscribers R900 + 12.36% R1,011

Non-members R1,200 + 12.36% R1,348

Lecture Meeting on Provisions in Companies Bill relating to Auditors by Kamlesh Vikamsey, held on 3rd April 2013 is available on BCAS Web TV.

Renewal of BCAS Web TV for 2013-14

MAY 201311

A. P. (DiR Series) Circular No. 97 dated April 9, 2013Exim Bank's Line of Credit of USD 76.50 million to the Government of the Republic of Malawi

Exim Bank has made available, subject to certain terms and conditions, to the Government of the Republic of Malawi a Line of Credit of US $ 76.50 million for financing purchase of eligible goods, services, machinery and equipment including consultancy services from India for a) development of irrigation network under greenbelt initiative; b) setting up of refined sugar processing equipment in Salima under greenbelt initiative; and (c) development of fuel storage facilities in Malawi. Eligible goods and services including consultancy services of the value of at least 75% of the contract price must be supplied by the sellers from India, while the remaining 25% of the goods and services may be procured by the sellers from outside India.

The last date for opening of Letters of Credit and Disbursement for project exports will be 48 months from the scheduled completion date of the contract and December 12, 2018 in case of supply contracts.

A. P. (DiR Series) Circular No. 98 dated April 9, 2013Trade Credits for imports into india – Review of all-in-cost ceiling

This circular states that the all-in-cost ceiling, as under, in respect of trade credit will continue till June 30, 2013.

Maturity period All-in-cost ceilings over 6 months LIBOR for the respective currency of credit or applicable benchmark

Up to 1 year

350 basis pointsMore than 1 year and up to 3 years

More than 3 years and up to 5 years

The all-in-cost ceiling will include arranger fee, upfront fee, management fee, handling / processing charges, out of pocket and legal expenses, if any. A. P. (DiR Series) Circular No. 99 dated April 23, 2013investment by Navratna Public Sector Undertakings (PSUs), OVL and OiL in unincorporated entities in oil sector abroad

Presently, Navratna Public Sector Undertakings (PSUs) and ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) can invest in overseas unincorporated entities in the oil sector (for exploration and drilling for oil and natural gas, etc.), which are duly approved by the Government of India, without any limits under the automatic route.

This circular permits the Navratna Public Sector Undertakings (PSUs) and ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) can invest in overseas

From rBIContributed by : Gaurang V. Gandhi

The Reserve Bank of India has issued the following 6 circulars

incorporated entities in the oil sector (for exploration and drilling for oil and natural gas, etc.), which are duly approved by the Government of India, without any limits under the automatic route.

A. P. (DiR Series) Circular No. 100 dated April 25, 2013Overseas Direct investments – Clarification

This circular clarifies that any overseas entity having equity participation directly / indirectly of Indian parties cannot offer financial products linked to Indian Rupee (e.g. non-deliverable trades involving foreign currency, rupee exchange rates, stock indices linked to Indian market, etc.) without obtaining specific approval of RBI since the Indian Rupee is currently not fully convertible and such products could have implications for the exchange rate management of the country.

A. P. (DiR Series) Circular No. 101 dated May 2, 2013Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Standards – Money changing activities

The Financial Action Task Force (FATF) has updated its Statement on Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Standards – Money changing activities on February 22, 2013 and issued a document titled 'Improving Global AML / CFT Compliance: on-going process'. The web-link to this document is given in this circular. Authorized dealers and their agents / franchisees are required to consider the guidelines contained the said Statement.

A. P. (DiR Series) Circular No. 102 dated May 2, 2013Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Standards – Cross Border inward Remittance under Money Transfer Service Scheme

The Financial Action Task Force (FATF) has updated its Statement on Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Standards – Cross Border Inward Remittance under Money Transfer Service Scheme on February 22, 2013 and issued a document titled 'Improving Global AML / CFT Compliance: on-going process'. The web-link to this document is given in this circular. Indian agents and their sub-agents are required to consider the guidelines contained the said Statement.

Eligible goods and services including consultancy services of the value of at least 75% of the contract price must be supplied

by the sellers from India, while the remaining 25% of the goods and services may be

procured by the sellers from outside India.

““

BCAS 12

Edited, printed & published by Narayan Varma on behalf of Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at Spenta Multimedia, Mumbai-400013.

Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MH/MR/South-88/2012-14Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1Published on 15th of every month • Posted on 15th & 16th of every month

Com

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orm

• Please fill in the above form and send the same to the Society’s office along with 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 timings 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 1.30 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.

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 r.......................................................................................... is enclosed.

Date : ................... (Signature)

7th Residential Study Course on Service Tax and VAT14th June to 16th June 2013

Choice of room partner…………………………………………………………………..........................................................................................................................................................................................

I would like to act as group leader for paper/s (1)……………................................................................................. (2) .........................................................................…...………………........

Enrolment Fees r 10,200 paid by Cheque/Draft No………………............................... drawn on....................................................................………………………………………………….....

Tick Yes No

WorkshopWorkshop on Standards on Revised Audit Report & Audit Documentation.............21-06-2013......................r 1,011 for members ............................................... r 1,517 for non-members........................................

BCAS Study Circles 2013–14Study

Circle No. Subject Fee Tick your choice here

I Direct Tax Laws 449*

II Indirect Tax Laws 449*

III Company Law, Auditing & Accounting 449*

IV FEMA 449*

V Information Technology 449*

Study Circle No. Subject Fee Tick your

choice hereVI Human Resource Development 449*

VII ITF 1,123*

VIII BCAS Suburban Study Circle 674*

IX International Economics 1,123*

X Students Study Circle 224*

* Inclusive of Service Tax of 12.36%

IPCC & FINAL CA STUDENTS CRASH COURSE

Name :...............................................................................................................................................Registration Number Allotted by I.C.A.I. :........................................................................

Course in which admission is desired : I.P.C.C ( ) FINAL ( ) (Please tick appropriately)

Residential Address : ................................................................................................................................................................ Tel. No. (M) : ............................ E-mail :......................................

Details of Articleship : Date of Joining .................................... Estimated date of Completion ...............................Name of the Principal : .................................................

Name and address of firm where articleship is being done :..................................................................................................Tel. No.:............................ Fax No...............................

Cash/Draft/Cheque No.....................................drawn on .....................................................Bank,dated ............................................ for an amount of R1,686/- is enclosed.

Date : ................................................ Signature ................................................................

Notes : 1. Please send the above form along with cash/cheque/draft drawn in favour of ‘‘BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY’’, to the Society’s office, at the address mentioned above.2. We propose to have multifarious activities like Elocution Competition, Public Speaking, Self Development Education Courses, Orientation Courses, etc. for interested Students.3. Members are requested to keep the proforma of this sheet and send the same duly filled in by new articled trainee after his/her enrolment in their office.

Tick Yes No