NORTHERN INDIA REGIONAL COUNCIL OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA e-newsletter. VOL. XLVI, No. 4 June 2018

Transcription

1 NORTHERN INDIA REGIONAL COUNCIL OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA e-newsletter VOL. XLVI, No. 4 June 2018

2 EDITORIAL BOARD CA. Pankaj Periwal, Chairman From the Desk of the Chairman... CA. Nitin Kanwar, Vice-Chairman CA. Pooja Bansal, Member CA. Rajender Arora, Member CA. Sumit Garg, Member CA. Rakesh Makkar, Member CA. Deepak Garg, Member Editor : CA. Pankaj Periwal Chartered Accountancy: A profession that teaches us that, There is no magic to achievement. It's really about hard work, choices and persistence. Dear Professional Colleagues, A very HAPPY CA DAY to all of you! nircchairman@icai.org ; nirc@icai.in It is a matter of great pride for all of us to be a part of this glorious profession. On July 1st, 1949, an act of parliament gave birth to the Institute of Chartered Accountants of India. Founded a year before the constitution of India was formalised; the ICAI counts itself among the oldest professional institutions of the country. I take pride in mentioning that it is the second largest professional accounting and finance body in the world in terms of members, with a current roaster of about 3,00,000 members. ICAI lays down very strict code of ethics for the Members as well as the Students. As we are entering into the Platinum Jubilee year, of its glorious existence, I will like to remind everyone of the official motto of ICAI which is a quote from the Upanishad which reads Ya esha supteshu jagriti. It translates as the one who is awake in those that sleep. Last year at the same time, we had a mammoth task in front of us which was the implementation of GST. We the Chartered Accountants spent many sleepless nights and made exceptional efforts to ensure its proper implementation truly living by the motto of our profession. This month has been a dynamic one.

3 CA Day Celebrations Nationwide CA Day has been celebrated with a lot of zeal and vigour. The Flag hoisting ceremony and programmes for welfare of members like blood donation camps, Health Check-ups, Tree Plantation drives and Marathons were held at various Branches. At the NIRC level a wonderful cultural evening CA. Parivaar Prastuti was organised by and for the CA Members and their families on 30th June, It was an honour for us to have Mrs. Veena Virmani; Chairperson, Standing Committee North Delhi Municipal Corporation as the Guest of Honour. MEMBER PROGRAMS In its continuous endeavour to provide our esteemed members with the best knowledge updates, various seminars have been held in NIRC in the past one month. A Two day National Conclave on GST was hosted by NIRC on 1st & 2nd June, It was organised by Committee on Public Finance & Government Accounting & the Committee for Capacity Building of Members in practice of ICAI. Sh.Upender Gupta, Commissioner (GST) CBIC, Sh. Ravneet Singh Khurana, Joint Commissioner (GST) CBIC, Sh. Rakesh Aggarwal, CA. Atul Kumar Gupta CCM, CA. H.L. Madan, Ms. Kajal Singh, EVP (Services) GSTN; Sh. Parkash Kumar, CEO, GSTN; CA. Rohini Agarwal; Mr. Pankaj Arora, Senior Manager (Services) GSTN; CA. J. K. Mittal were the key speakers of the conference. The event was a grand success. A Conclave on Fraud Investigation, Reporting and Prevention, Forensic Accounting was held on 9thJune, 2018 wherein CA. Aakriti Kundra, Mr. Alok Gupta and Mr. Rahul Magan were the key speakers. A Seminar on Year End Finalization and GST Audit was jointly held with several CPE Study circles on 15th June, 2018 wherein was deliberated by CA. P.K Mittal, CA Madhurkar N. Hiregange, CCM, CA Gaurav Gupta and CA. Puneet Oberoi were key Speakers. A Seminar on Income Tax was held on 16th June, 2018 with CA. Vimal Punmiya, CA K.K. Chythanya and CA (Dr.) Rakesh Gupta as the key speakers. To promote a healthy lifestyle on the International Yoga Day on 21st June, 2018 programmes on Yoga were held at NIRC and its various branches. CSR Activities and Developmental work The greatest threat to our planet is the belief that someone else will save it. The environment and the economy are really both two sides of the same coin. If we cannot sustain the environment we cannot sustain ourselves. In the last month I had informed you all regarding the task of installation of Vertical gardens at different venues which was assigned by the Deputy Commissioner, City-SP Zone North Muncipal Corporation Delhi. I am happy to inform that the first Vertical garden at Utkarsh Municipal School, Near Turkmaan Gate is about to be completed. I will be sharing the pictures in next Edition. I happily inform that G-19, CA Bar Room, C.R. Building has been renovated and has become operational now. The Vishwas Nagar Auditorium has been renovated and is ready for use now. CHARTERED ACCOUNTANTS BENEVOLENT FUND I am thankful to CA. Dheeraj Chatley Son of Late CA. Jagdish Mittar Chatley for his contribution of Rs 50000/- to Chartered Accountants Benevolent Fund in Memory of his father who expired on I further appeal my fellow members to contribute generously towards the cause and become a life member of The Chartered Accountants Benevolent Fund (CABF) to help the necessitous members and their families in distress. Friends in the end I would just like to say that, The price of success is hard work, dedication to the job at hand and the determination that whether we win or we loose, we have applied the best of ourselves to the task at hand. Success is not final, failure is not fatal: it is the courage to continue that counts. Date: 3rd July, 2018 Place: Ludhiana CA. Pankaj Periwal, Chairman, NIRC of ICAI

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6 Gratitude on the sad demise of CA.JAGDISH MITTAR CHATLEY (M.NO ) ON He died at the age of 73 years at ludhiana. May the departed soul rest in peace. 6

7 ANNOUNCEMENT 29th June, 2018 Option for Polling Booth - Elections to the Twenty-Fourth Council and Twenty-Third Regional Councils The next elections to the Council and the Regional Councils of the Institute of Chartered Accountants of India are scheduled to be held on 7th and 8th December, 2018 in cities having more than 2500 members (i.e. Ahmedabad, Bengaluru, Chennai, Delhi/New Delhi, Gurgaon, Hyderabad, Indore, Jaipur, Kolkata, Mumbai, Pune, Surat and Thane) and on 8th December, 2018 at all other places in terms of the provisions of Rule 21 of the Chartered Accountants (Election to the Council) Rules, 2006 specified by the Central Government. According to the provisions of clause (3) of Schedule 2 to Rule 6 of the aforesaid Rules, a notice is required to be published giving the voters in cities, having more than one polling booth located at different addresses, an opportunity to exercise their option to vote at a particular polling booth within that city. Accordingly, an Announcement for Option for a particular polling booth in cities/towns i.e., Bengaluru, Mumbai, Kolkata, Delhi/New Delhi and Chennai having more than one polling booth located at different addresses has been hosted on the website of the Institute. For full details, kindly visit the Institute's website (V. Sagar) Secretary and Returning Officer 7

8 Exclusive Deal for Chartered Accountants of Northern Region Only COMBO OFFER Hey! Do not get stressed, Articleship is the next step. Enter into this amazing ship, Now, you re eligible for this golden ship. Hey Article! Let your Ship Sale Through Articleship!! Start your ship, Without any fail. Learn, how to hold the grip, Without any ambiguity, through numerous trails. Become an artist of Audit and Tax, Develop your skill, in leadership as well. Effective communication would shine, as an ornament in you, Policy making & implementing would be, much easier for you. Theory not complete, without practical dear, Else, true understanding of the subject, would take many years. Having completed your training, be superstar in every finance field, Find multi avenues, standing, welcoming & giving, a high good yield. Hey Article! Give new ways to CA fraternity, You ve been growing up technologically advanced, in the present modernity. Promise yourself, that you will serve the society, with a sense of eternity, It s possible when let your ship sale, through articleship, artistically CA Priti Kachhal 8

9 Forthcoming Seminars of NIRC of ICAI Interactive Seminar on Audit (SA's) & Code of Ethics/CARO/Companies Amendment Act Day & Date Saturday 07th July, (Six). Hotel Park Fees Rs. 1500/- + GST Online at Rs. 1700/- + GST Only with Cheque/DD on the spot No Cash will be accepted AGM and Seminar for the Preparers and Auditors of Financial Statements J/w FRRB Day & Date Saturday, 14th July, (Six). Hotel Park, Delhi Online Payment Rs. 1500/- + GST Online at Rs. 1700/- + GST Only with Cheque/DD on the spot No Cash will be accepted Sub Regional Conference Jointly with Faridabad Branch of NIRC of ICAI Day & Date Saturday 15th July, (Six). Faridabad Fees Fees will be decided by Faridabad Branch of NIRC of ICAI No Cash will be accepted Day & Date Online Payment Day & Date Online Payment Seminar on Recent issues in GST Saturday, 21st July, (Six). Hotel Park, Delhi Rs. 1500/- + GST Online at Rs. 1700/- + GST Only with Cheque/DD on the spot No Cash will be accepted Seminar on NPO Saturday, 28th July, (Six). Hotel Hans, CP Rs. 1500/- + GST Online at Rs. 1700/- + GST Only with Cheque/DD on the spot No Cash will be accepted 9

10 International Study Tour at Europe, Paris and Switzerland Day & Date Fees 2nd to 8th Aug, 2018 Europe, Paris and Switzerland Rs. 1,30,000 All Regional Joint Conference with Gurgoan Branch of NIRC of ICAI Day & Date Online Payment Saturday, 10th & 11th August, (Twelve). Gurgoan Sub-Regional Conference of J & K (Residential) Day & Date Online Payment Saturday, 18th 19th August, (Six). Jammu & Kashmir, Patnitop Rs.14000/- ( Per Couple) Rs.7000/- Single Member Seminar on Ind AS Day & Date Online Payment Saturday, 25th August, (Six). Hotel Eros, Nehru Place Rs. 1500/- + GST Online at Rs. 1700/- + GST Only with Cheque/DD on the spot No Cash will be accepted Seminar on GST Day & Date Online Payment Saturday, 01st September, (Six). To be decided Rs. 1500/- + GST Online at Rs. 1700/- + GST Only with Cheque/DD on the spot No Cash will be accepted 10

11 National Conclave on GST Organized by Committee on Public Finance & Government Accounting of ICAI Jointly with Committee for Capacity Building of Members in Practice of ICAI Hosted by Northern India Regional Council (NIRC) of the ICAI held on 1st & 2nd June 2018 Badminton & Table-Tennis Tournament for Members held on 3rd June Conclave on Fraud Investigation, Reporting and Prevention Forensic Accounting: Process and Scope held on 9th June 2018 Seminar on Year End Finalization And GST Audit Jointly With Tri Nagar Keshav Puram CPE Study Circle, Central Delhi CPE study Circle, Dhaka Chambers Study Cirlce, Panchkui Marg CPE Study Circle and Patel Nagar CPE Study Circle held on 15th June

12 Seminar on Income Tax held on 16th June 2018 Yoga Day held on 21st June 2018 CA. Day Celebrations (Cultural Program) held on 30 June 2018 A View at the Marathon, Tree Plantation, Flag Hoisting on the occasion on the CA Day Inauguration of Auditorium at ICAI Bhawan, Vishwas Nagar Inauguration of G-19 Bar Room, CR Building, I.T.O 1. A View at the Seminar on GST & ITR Returns organized by H.P Branch of NIRC of ICAI 12

13 CA. Pankaj Periwal, Chairman, NIRC of ICAI Mob CA. Nitin Kanwar Vice-Chairman, NIRC of ICAI Mob , CA. Pooja Bansal (Mrs.) Secretary, NIRC of ICAI Mob CA. Rajender Arora Treasurer, NIRC of ICAI Mob CA. Sumit Garg Chairman, NICASA Mob CA. Deepak Garg Member, NICASA Mob CA. Rakesh Makker Member, NICASA Mob CA. Vivek Khurana Member, NIRC of ICAI Mob CA. Yogita Anand(Mrs.) Member, NIRC of ICAI Mob CA. Rajesh Kr. Agrawal Member, NIRC of ICAI Mob , CA. Rajinder Narang Member, NIRC of ICAI Mob , CA. Swadesh Gupta Member, NIRC of ICAI Mob CA. Alok Jain Member, NIRC of ICAI Mob

14 June, 2018 CA Naveen N.D. Gupta President, ICAI NIRC OF ICAI (Central Council Members from Northern Region) CA. Prafulla Premsukh Chhajed Vice-President, ICAI CA. Vijay Kumar Gupta CA. Sanjay Agarwal CA. Sanjiv Kumar Chaudhary CA. Atul Kumar Gupta CA. Sanjay Vasudeva CA. Rajesh Sharma 14