BCASNewsletter R10 - Bombay Chartered Accountants' Society · 7, Jolly Bhavan #2, New Marine Lines,...

1NOVEMBER 2017

7, Jolly Bhavan #2, New Marine Lines, Mumbai - 400020. Tel : + 91 22 613 77 600 ; Email : [email protected] ; Website : www.bcasonline.org

Vice-President’s Communiqué

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

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

(Continued on page 2)

President: Narayan R. Pasari 98200 38095 | [email protected]

Vice-President: Sunil B. Gabhawalla 98213 23921 | [email protected]

Hon. Jt. Secretary: Manish P. Sampat 98200 10064 | [email protected]

Hon. Jt. Secretary: Abhay R. Mehta98202 28182 | [email protected]

Hon. Treasurer: Suhas Paranjpe 98690 74643 | [email protected]

Vol. 20 n No. 08 n NOVEMBER 2017

Lecture Meeting: Combating Economic Offence & Financial Crimes

- Role of Finance Professionals.......................................13.12.2017....................BCAS Hall, 7, Jolly Bhavan No.2, New Marine Lines, Mumbai................................. 0 1

Startup Conference - Challenger Perspective..............................................01.12.2017, 02.12.2017....The Chancery Pavilion, 135, Residency Road, Bangalore............................. 04

18th Certificate Course On Double Tax Avoidance Agreement...............02.12.2017, 09.12.2017, 16.12.2017, 23.12.2017

06.01.2018, 13.01.2018, 20.01.2018.. BCAS Hall, 7, Jolly Bhavan No.2, New Marine Lines,Mumbai...... 05

Non Residential Refresher Course....................................................................21.12.2017,22.12.2017................................................................................................................................................................ 05

Data Analytics for Audit And Business Decision Making- Hands on Training Workshop.............................................................................22.12.2017.................................BCAS Hall, 7, Jolly Bhavan No.2, New Marine Lines, Mumbai.................... 06

51st Residential Refresher Course (RRC)..........................................................11.01.2018 to 14.01.2018.... Hotel Dreamland, Mahabaleshwar.............................................................................. 08

8th Ind AS Residential Study Course................................................................22.02.2018 to 24.02.2018................................................................................................................................................... 05

16th Residential Leadership Retreat 2018.............................................................23.02.2018,24.02.2018..Rambhau Mhalgi Prabodhini, Keshav Shrushti, Bhayander (W) Dist Thane......... 10

5th Youth Residential Refresher Course................................................................09.03.2018 to 11.03.2018................................................................................................................................................. 1 2

PROGRAMMES AT A GLANCE DATE VENUE PAGE NO.

Watch, Like, Share, Connect with us @ BCAS Global

LECTURE MEETING

Speaker: Mr. Jayakumar – IPS ( Additional Commissioner of Police )

Subject: Combating Economic Offence & Financial Crimes - Role of Finance

Professionals

Venue: BCAS Hall, 7 Jolly Bhavan No. 2, New Marine Lines, Mumbai

Day, Date & Time: Wednesday, 13th December, 2017 at 6.15 p.m.*

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

Dear Members,

India for the first time moved into the top 100 in the World Bank’s Ease of Doing Business global rankings from the last year’s rank at 130. While the World Bank acknowledged this movement as a significant shift, a detailed study of the ranking on various parameters gives us even more reasons to be proud. In terms of getting electricity connections, India is ranked ahead of New Zealand (which is ranked 1st in terms of overall ease of doing business), Georgia and United States. In terms of getting credit, India is ahead of Denmark, Korea, Sweden and Norway. In terms of protection of minority interests, India is ranked 4th in the world, way ahead of almost all economies including UK and Hongkong. Essentially this leaves Singapore and Malaysia as the only economies in the world which are ahead of India on all parameters of evaluation.

While there is lot of cheer, it is still a long way to go. We rank a dismal 156th position on the parameter of starting the business. If the ‘Make in India’ initiative has to be successful, this ranking needs to improve dramatically. We also did not rank well on parameters like obtaining construction permits, registering properties, trading across borders or

enforcing contracts. While the reforms undertaken by the Central Government resulted in an overall improvement of the ranking, a further improvement will be driven by the next round of reforms, which may need to be spearheaded by the State Governments and the judiciary as well since many of the subjects mentioned above fall within their domain.

The GST Council met for the 23rd time at Guwahati and made a slew of recommendations to ease out procedural difficulties in the filing of returns and also reduced rates on many products and services. While both the key political parties would wish to take credit for this move, what is important to note is perhaps, in the process, the nation turns out to be a winner. In fact, ever since the GST Council was constituted, all decisions at the

2 NOVEMBER 2017

(Continued from page 1)

ALL THE THREE CLINICS WILL BE HELD IN THE LIBRARY OF THE SOCIETY

RIGHT TO INFORMATION CLINIC

CHARITABLE TRUST CLINIC

Advisory Panel : Hema D. SampatClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

Advisory Panel : Dr. Gautam N. Shah and CA. Tushar K. DoctorClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

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 Saturdays from 11 am to 1 pm. The next RTI Clinic days accordingly are 18th & 25th November and 2nd, 9th , 16th , 23rd and 30th December 2017. Please call to obtain a prior appointment.

The next Charitable Trust Clinic will be held on 1st December 2017 from 5 pm to 7 pm.

Chartered Accountants and Trustees interested in having their queries solved are requested to send their queries by email to [email protected] 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.

ACCOUNTS & AUDIT CLINICAdvisory Panel : CA. Sanjeev R. Pandit, CA. Himanshu V. Kishnadwala, CA. Jayesh M. Gandhi Clinic Co-ordinator : Mrs. Madhuri Haware – 61377613 The next Accounts & Audit Clinic will be held on Saturday, 2nd December 2017 from 4 pm to 5 pm. Persons interested in having their queries pertaining to implementation of Accounting Standards, Ind AS implementation, Auditing Standards Reporting requirements, Companies Act compliance, issues relating to Accounting aspects and Auditing aspects, etc. are requested to send their queries by e-mail to [email protected] 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.

meetings have been taken on the basis of consensus rather than majority vote, despite the constituents of the Council representing States with different backgrounds and aspirations and multiple political parties with conflicting ideologies. Is this not a befitting example of co-operative federalism?

After the busy compliance season, it is now time to sharpen the axe. The Society has lined up a series of programs and courses over the next couple of months. For members interested in diversifying their careers into international taxation, an intensive certification course on double tax avoidance agreements would be interesting. A hands on training workshop on data analytics for audit and business decision making shall enable participants to leverage advance Excel functionalities. The flagship Residential Refresher Course (RRC) is now in its’ 51st version and enrolments have picked up well. Those interested should enrol early to avoid disappointment. In fact, an innovative session in the form of a panel discussion on practice management – challenges and opportunities has been organised as a part of this RRC. The Sixteenth Residential

Leadership Retreat based on the Theme of “Saptapadi of Happiness in Family” will bring the non technical balance to this academically heavy period. I would urge the members to enrol in large numbers and take benefit of these events.

The fast paced lifestyle along with less human interaction has resulted in lot of stress and isolation. This at times, costs human lives even at a young age. This winter, let us pledge to bring back warmth and concern into our relationships.

After all, its’ just a cup of coffee and a listening pair of ears which a depressed colleague or a friend may need.

Wishing you a wonderful Winter, I remain

Yours truly

CA. Sunil Gabhawalla

3NOVEMBER 2017

4 NOVEMBER 2017

5NOVEMBER 2017

18TH CERTIFICATE COURSE ON DOUBLE TAX AVOIDANCE AGREEMENT ( D. T. A. A.)

Salient features of the 18th DTAA Course are:

• The newCourse onDTAA is now aCertificate Course. All the participantswith an attendance > 75% and successful inpassingtheMultipleChoiceQuestionPaperattheendoftheCoursewillbeawardedaBCASDTAACertificate.Otherswithattendance>75%shallbeawardedCertificateofParticipation.

• TheCourse is designed to provide understanding of the Basic Concepts of various Articles of DTAA. It also intends toprovidemiddlelevelknowledgeoninterpretationofTreatiesbasedontheUN/OECDModelCommentaries.

• TheCourseshallalsoincludeoverviewofCurrentdevelopmentsonextremelyimportanttopicssuchasBEPS,MLI&GAARandalsoMFNClause,ForceofAttractionconcept&TriangularCases.

• The faculty members comprise of very renowned Chartered Accountants/Lawyers who are also International TaxPractitioners.TheywouldbesharingtheirpracticalexperienceintheCourseoftheirlectures.

Day & Date TobeheldonSaturdays2nd,9th,16th and 23rdofDecember2017;6th,13th and 20thofJanuary2018.

Time 9.00a.m.to6.00p.m.

Venue BCASConferenceHall,JollyBhavanNo.2,NewMarineLines,Mumbai–400020

Fees Member Non Member

R 12,500/- R 14,000/-

FeesincludesCoursematerial,breakfast,lunch,GSTandR50/-towardscontributiontoBCASFoundation

INTERNATIONAL TAXATION COMMITTEEChairman: CA. Mayur Nayak

Convenors: CA. Deepak Kanabar, CA. Rutvik Sanghvi & CA. Siddharth BanwatCourse Co-ordinator: CA. Durgashanker Sharma

The 18thbatchoftheBCAS’flagshipStudyCourseon‘DoubleTaxAvoidanceAgreement’(DTAA)wouldbeheldfrom2ndDecember2017to 20thJanuary2018.

Non Residential Refresher Course 21st and 22nd December, 2017

8th Ind AS Residential Study Course 22nd, 23rd, and 24th February, 2018

BLOCK YOUR

DATES

6 NOVEMBER 2017

DATA ANALYTICS FOR AUDIT AND BUSINESS DECISION MAKING - HANDS ON TRAINING WORKSHOP

DearMember,

HaveyoubeenusingExcelsincelongandarepassionatetotakeyouranalyticalskillstothenextlevel?Thisthoughtfullydesigned,powerpackedtrainingprogramwillensurethatyougetacompletehangonselect,cutting-edgeExcelfunctionalities.Butthat’snotall.Bytheendofthesession,youshallalsolearntoapplythesefunctionalitiesinrealworldbusinessandauditsituationsandinterpretresults.

Workshop Objective:-

Toenableparticipants leverageadvanceExcel functionalities forAuditAnalysis&businessproblemsolving, is theobjectiveof thisuniqueonedaytrainingprogram.

Workshop exclusively designed for

1. ManagersandExecutives(acrossindustrysegments)inMIS,Production,MarketingAnalysis,Procurement,Financialcontrollers/Finance staff, Projectmanagers, Salesmanagers, business and financial analysts who create reports, analyze data, or usespreadsheetsintheirworkandwhoneedtotakebusinessdecisionsbasedonanalysisofdata.

2. Chartered Accountants and team members in Audit function.

3. Sincethisworkshopfocusesonanalytical,reportingandbusinessproblemsolvingskills,itisespeciallyusefultopeoplewhoreporttoManagersand/orKeyDecisionmakers.

Note:-

1. Thisbeinghands-ontrainingworkshop,participantsshallgettheirownLaptopswithMSExcelpreloaded.2. Enrolmentrestrictedtoasmallgroup,tofacilitateinteraction,discussionandhandholding.3. ExpectadvancetechniquesinExcelfromtheprogram;sothosehands-onwithExcelshallenroll.

Day & Date Friday,22nd December2017

Time 9.30a.m.to6.00p.m.

Venue BCAS,7,JollyBhavanNo.2,NewMarineLines,Mumbai400020

Fees Member Non-MemberR2,250+R405(GST)=R2,655 R2,500+R450(GST)=R2,950

Fees The above fee includes GST,contribution of R50 towards BCAS Foundation, cost of study material,breakfast,tea,coffeeandLunch

HUMAN DEVELOPMENT & TECHNOLOGY INITIATIVES COMMITTEEChairman: CA. Rajesh Muni | Co-Chairman: CA. Mihir Sheth

Convenors: CA. Mukesh Trivedi, CA. K. K. Jhunjhunwala, CA. Nikunj Shah, CA. Anand KothariProgramme Co-ordinator: CA. Nikunj Shah

Session I•DataAnalyticsforBusinessDecisionMaking

CA.NikunjS.Shah,Mumbai

Session II•DataAnalyticsforAudit&Investigations

CA.SaranKumar,Hyderabad

STUDY CIRCLE Title Date Details Venue Speaker

Suburban StudyCircle

Saturday, 18th N o v e m b e r ,2017

QuickTipsonMicrosoftExcelforChartered Accountants

Bathiya&AssociatesLLP,910,HubtownSolaris,N.S.PhadkeMarg,Andheri(East), Mumbai400 034.

CA. Namrata Shah

7NOVEMBER 2017

8 NOVEMBER 2017

9NOVEMBER 2017

10 NOVEMBER 2017

SIXTEENTH RESIDENTIAL LEADERSHIP RETREAT 2018

Man is constantly in search of happiness. Every year HDTI Committee organizes Residential Leadership Camp on variedsubjects.Thishasassistedmanyof theregularparticipantsto findthemeaning in lifeandbecomebetterhumanbeings.TheHDTICommitteenowannouncesthe“Sixteenth Leadership Residential Retreat 2018” based on the theme ‘Saptapadi of happiness in Family’(SevenStepstofamilyhappiness).ItwillalsotouchuponwaystobuildFamilybrandinprofession,vocationorbusiness.TheRetreatwillbeheldinFebruaryspreadacross2daysand1night.

ThelearnedfacultyShri Mahendra Garodiya,(whoguidedusintheFifteenthnonResidentialLeadershipWorkshop2017onthethemeofChanakyaBusinessSutra)hasagainconsentedtoanchortheprogrammethisyear.

(Saptapadi)Sevenstepsbasedonour timetestedvaluesandcultureare:CommonVision,SuccessHabits,Accountability,Un-conditionalLove&Respect,Appreciation,FamilyasabrandandCelebrationtogether.

Takeaways:ThroughthisWorkshop, theparticipantswillexperienceandrediscover thisprofoundknowledgeand learnhowtoapply it incurrentturbulenttimes.Ithowtobehappyprosperingmateriallyinethicalandhumanitarianmannerandwithinnerhappiness.Itwillresoundthatprosperityandhappinessarenotmutuallyexclusive.Itaimstoguidetheparticipantstosharehappinesswithfamily,society,inprofessionandworkenvironment.

Members are encouraged to register for this workshop with their spouse.

Thelearnedfacultywillhelptheparticipantstodeveloppersonalfamilyprogrammesincludingadetailedscheduleofimplementingthe lessons learnt during the workshop.

Program Details:

*ContributionperMember is inclusiveofOnenight,Twodaysstay,Breakfastfortwodays,Lunchfortwodays,Dinnerforoneevening,StudyMaterialandcontributionofR50/-towardsBCASfoundationandTransportonCarpoolfacility.

Pleasenotenumberofparticipantsarerestrictedtoonly40onFirstComeFirstServedbasis.

About the Faculty:

Mr. Mahendra Garodiya has authored “Chanakya Business Sutra” and “What’s Stopping yourGrowth” and is aManagementAccountant (CMA/ICWAI).He has been a BusinessCoach tomore than 100 SMEs across India helping themgrowbasedonAncientIndianManagementKnowledge.HiscoachingreliesprimarilyontheIndianPhilosophyofManagementaspropoundedbyChanakya.

Mr.GarodiyahasintenselyfocusedonChanakyanitiandGandhianprinciplesofManagement.HequalifiedasabusinesscoachthroughtheICFCertificationprogrammeandhasconductedprogrammesforIIT,AhmedabadManagementAssociation,SwamiVivekanandCollegeofManagement&Research,SanchiUniversity,KolhapurUniversityandmanyotherreputedinstitutions.Mr.Garodiyahastrainedmorethan1,000businessentrepreneursandiscurrentlygrowthpartnerfor15companiesinvariedfields.

Days Friday&Saturday

Dates 23rd and 24thFebruary2018

Venue: RambhauMhalgiPrabodhini,KeshavShrushti,BhayenderEsselworldRoad,Bhayender-West,DistThane

Faculty: Mr.MahendraGarodiya

Participation Fees (per person)*

R5,085plusGST@18%R915=R6,000forMembersandSpouseJointly(each)

R5,508plusGST@18%R992=R6,500 Membersregisteringindividually

R5,932plusGST@18%R1,068=R7,000 forNon-Members

HUMAN DEVELOPMENT & TECHNOLOGY INITIATIVES COMMITTEE

Chairman: CA. Rajesh Muni Co-Chairman: CA. Mihir C. Sheth

Conveners: CA. Mukesh G. Trivedi, CA. Krishna Kumar Jhunjhunwala, CA. Nikunj Shah, CA. Anand Kothari

11NOVEMBER 2017

Enrolment Form Sixteenth Residential Leadership Retreat 2018

BCASMembershipNo(IfApplicable)……………………………........................................................................................................................................................................................................................................................………..Mr./Ms.…………………………............................................................................................................................................................................................………............................................................................................................................................of(firmname)………………………….....................................................................................................................................................................................................................................................................................................................………..Address …………………………................................................................................................................................................................................................................................................................................................................................………..…………………......................................................................................………………….....................………….…………………………PinCode………………..................................................................................................................................................……....Email:…………………………............................................................................................................................................................................................................................................................................................................................................………..Tel(O)……………....………..……...........................................……….Tel(R)…………...............................................................……………….MobileNo:…………......................................................................................................................………..Choiceoffood(whereverapplicable)Jain:-................................................................................................................Veg:-............................................................................................................................................Weencloseherewith

PleasefindbelowNEFT details Bank Name : Axis Bank Ltd. Branch : New Marine Lines, Mumbai - 400020Saving Account No : 233010100179485 IFSCode :UTIB0000233Swift Code : AXISINBB173

Note: An email communication on transfer of funds through NEFT to be communicated at [email protected] for processing the payment. Registration will be confirmed only post email intimation.Date :______________________________ Signature of Participant

Cash/Draft/ Cheque no : Drawn on :Dated : AmountRs.

Note:

• PleasefillintheaboveformandsendthesametotheSociety’sofficealongwithrequisitepayment.

• PaymentModecanbe:Cheque/DemandDraft/CashorElectronicCard(atBCASofficeonly).

• Pleasementionyournameandmembershipnumber(ifapplicable)onthereversesideoftheCheque/DemandDraft.

• Kindlynotethatthecashcountertimingsarefrom10.30a.m.to5.30p.m.onMondaytoFridayand10.30a.m.to1p.m.onSaturday.Thelunchtime

is1.30p.m.to2p.m.Participantsarerequestedtoco-operateinthisregard.

• The Cheque/ DD will be in the name of “Bombay Chartered Accountants’ Society”. Yourparticipationwillbeconfirmedonlyafter the

realizationofpaymentatBCAS,forwhichareceiptwillbeprovidedforyourreference.

• Cancellationpolicy:Kindlynotethatnorefundwillbegivenincaseofcancellationforanyreasonandnosubstitutewillbeallowed.

Bombay Chartered Accountants' Society

•Email–[email protected]•Website–www.bcasonline.org•E-Journal–www.bcajonline.org

12 NOVEMBER 2017

13NOVEMBER 2017102 BOMBAY CHARTERED ACCOUNTANT JOURNAL SEPTEMBER 2017

786 (2017) 49-A BCAJ

14 NOVEMBER 2017

15NOVEMBER 2017

Mr. / Mrs./ Miss.

CITY: STATE: PINCODE:

COUNTRY: MOBILE: Tel(O):

EMAILID: Tel(R):

DATEOFBIRTH:(DD/MM/YYYY) BLOODGROUP:

ICAIREGN.NO.: ICAIREGN.DATE:(DD/MM/YYYY)

GENDER:MALE/FEMALE FROMINDUSTRY/PRACTICE

GSTIN*

Bombay Chartered Accountants’ Society7,JollyBhavanNo.2,NewMarineLines,Mumbai400020.Tel:61377600

E-mail:[email protected]:www.bcasonline.orgE-Journal:www.bcajonline.org

MEMBERSHIP / SUBSCRIPTION FORM

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FEE DETAILS: [ANNUAL SUBSCRIPTION]

Details ICAI Member prior01.04.2013

ICAI Member after01.04.2013

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BCAS Membership

Ordinary1

WithJournal

EntranceFee 1,180.00 590.00

Membership Fees 1,770.00 1,770.00

LifeMembership(withoutJournal) 1 11,800.00 11,800.00

LifeMembership(withJournal)1,2 13,000.00 13,000.00

Journal Subscription 2 1,200.00 1,200.00

Details 1 Year 2 Years 3 Years

StudentMembership[Membership,e-journal,Study

Circle,Discountonselectedevents] 1500.00 800.00 1,000.00

1 TheabovefeesareinclusiveofGoodsandServiceTax.Theratesaresubjecttochangebasisnotificationfromtimetotime.2 6monthsand9months,proportionatefeesforMembershipandjournalSubscriptionavailable.

Newsletter by Post/Courier Email | We shall send our notifications by SMS: Yes/No

Payment DetailsCash/Cheque/DraftofRs.…………………………...................................................................................………………………..drawnon………………….............................................................……………...........………..bank,………………....................................................................................................................……….Branch,Cheque/DraftNo………………....................................…………………………………….Dated………..........………..……………..Date:_______________________________________________________________ Sign:__________________________________________________________

Note:1. OutstationpaymentstobemadebyDemandDraftsonly.PayableatMumbai.Nowyoucanpayonlineonwww.bcasonline.org2. Cheques/Draftshouldbedrawninfavourof“BombayCharteredAccountants’Society”.3. PleaseattachaphotocopyofMembershipCertificateofTheInstituteofCharteredAccountantsofIndia.4. Officetiming:10.30a.m.to1.30p.m.and2.00p.m.to5.30p.m.

• In case of new members and renewals of existing membership, the recipient of the supply can be the member only. Therefore, only the GST registration number of the member ( and not the firm) will be recognized. In case the member is not registered under the GST Law, the same shall be treated as B2C Transaction. It may also be stressed that all pending renewals which are renewed after the transition date will be liable for GST.

(For Individuals)

[IN BLOCK LETTERS PLEASE]

16 NOVEMBER 2017

PUBLICATION PUBLICATION NAME DISCIPLINE WHO CAN BENEFIT AUTHORS MEMBER PRICE

OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

Income Computation and Disclosure Standards- A Practical Guide

Audit Checklist for Companies (For Unlisted Companies not following IndAS)

PAYMENTS TO NON-RESIDENTS – A Guide On Reporting Tax Deduction At Source Under Section 195

Golden Jubilee Residential Refresher Course Nostalgia

BCAS Referencer 2017-18

Seminar on Estate Planning, Wills & Family Settlement – Critical Aspects PEN DRIVE

FAQs on Accounting Standards

Monograph Series 2017a) Competition Law – A Primerb) Corporate Social Responsibilityc) Freedom and Restrictions on speech

and expression in social media in the light of the recent Supreme Court decision

d) India’s Law on Prevention of Sexual Harassment at Workplace

e) SEBI (Prohibition of Insider Trading) Regulations, 2015

Transfer Pricing

Tax Audit

Auditing

Tax Deduction At Source Under Section 195

A Collection of memories

Accounting & Auditing, Direct Taxes, Indirect Taxes, Company Law & Other Laws

Allied Laws

Accounting Standards

Corporate & Allied Laws

Members R2000Non-Members R2300Postage ChargesIn Mumbai R65Outside Mumbai R150

Members R500Non-Members R700PostageCharges R150

Price R150PostageCharges R35



Price R1,000PostageCharges R100



Chartered Accountants, Trade & Industry Professionals

Chartered Accountants, Audit Professionals, Trade & Industry Professionals.

Chartered Accountants, Audit Professionals, Trade & Industry Professionals

Chartered Accountants, Legal Professionals, Trade & Industry Professionals

Anyone

A handy compilation of all laws for every professional

Every individual whether a professional, or an entrepreneur or a housewife or student .., Libraries, Universities, Colleges, Institutions / Associations / Forums / Societies / Councils / Bodies of professionals / individuals guiding / capable of guiding people, ….


Any one

OECD and BCAS(Publishers)

CA. Anil Doshi, CA. Devendra Jain, CA. Ganesh Rajgopalan, CA. Rajesh Athavale, CA. Sanjeev Lalan, CA. Sonalee Godbole

CA. Raman H. Jokhakar, and CA. Nalin M. Shah

CA. N. C. Hegde, CA. Mallika Apte and CA. Risha Gandhi

Various Compilers

Speakers

CA. Dileep Choksi Dr. Anup P. Shah Mr. Mahesh Shah –

Solicitor CA. Yogesh Thar

CA. Zubin F. Billimoria Adv. Preetha S. Adv. Vikram Shroff CA. CS. Sanjeev Shah CS. Ruchi Shah Mr. Varun Thakur, 4th year student, BA, LLB Ms. Alankrita Singh, 4th year student, BA, LLB

• CA. Himanshu V. Kishnadwala • CA. Abhay Mehta • CA. Amit A. Purohit • CA. Ashutosh A. Pednekar • CA. Gautam Shah • CA. Manish P. Sampat • CA. Paresh H. Clerk • CA. Vipul K. Choksi • CA. Nikhil Patel • CA. Zubin Billimoria • CA. Sandeep Shah • CA. Suril V. Shah • CA. Mitesh J. Majithia • CA. Kruti Sangoi • CA. Mukesh Trivedi • CA. Anil Saxena • CA. Nalin Shah

BOMBAY CHARTERED ACCOUNTANTS' SOCIETYPUBLICATIONS AT BCAS

Price R250Postage Charges In Mumbai R65Outside Mumbai R100

17NOVEMBER 2017

e-PublicationUnion Budget 2017 - An analysis by BCASEnglish

e-PublicationUnion Budget 2017 - An analysis by BCASGujarati

Internal Audit- Practical Case Studies

Non-Banking Financial Companies – A Treatise

Partnership Firms Registration Procedure and Frequently Faced Issues with Registrar of Firms

GITA For Professionals in English

e-Publication The Direct Tax Dispute Resolution Scheme 2016 – An Analysis

e-Publication Rules of Interpretation of Tax Statutes

Analysis on Budget

Analysis on Budget

Internal Audit

NBFC Regulations

Indian Partnership Act, 1932

Inspirational

Direct Taxation

Law

Free e-Publication

Free e-Publication





Free e-Publication

Free e-Publication



Chartered Accountants, Legal Professionals, Trade& Industry Professionals


Tax Payers, Chartered Accountants in Practice, Legal Professionals, Compliance Professionals, Students, Accountants, Libraries, Universities, Colleges and other institutions

Chartered Accountants, Legal Professionals, Students and Citizens at large.



Contributors

Contributors

CA. Deepjee Singhal CA. Manish Pipalia

CA. Bhavesh Vora CA. Zubin Billimoria CA. Hardik Chokshi CA. Gautam Shah CA. Heneel Patel

CA. Uday Sathaye

CA. Chetan Dalal

Advocate N. M. Ranka

CA. Saroj Maniar

PUBLICATION PUBLICATION NAME DISCIPLINE WHO CAN BENEFIT AUTHORS MEMBER PRICE

BOMBAY CHARTERED ACCOUNTANTS' SOCIETYPUBLICATIONS AT BCAS

18 NOVEMBER 2017

19NOVEMBER 2017

FROM RBIContributed by : Gaurang V. Gandhi

The Reserve Bank of India has issued the following Notification and Circular

BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY - STAFF CONTACT DETAILS

Sr. No Name Role Email ID Direct Line

1 Ms. Mamta VarmaMemberRelationsExecutive

Membership,Imprest,PublicationsandOnlinePayments

[email protected] 61377616

2 Mr.ManojLokhande,FrontDeskExecutive EnrollmentsandCollections [email protected] 61377629

3 Mr.PrakashPalsamkar,FrontDeskExecutive EnrollmentsandCollections [email protected] 61377629

4 Ms. Khushali Brahmbhatt Communication Manager [email protected]

61377635

5 Mr.JavedSiddique,EventsManager Co-ordinatorforLecturemeetings,Seminars,Workshops&ResidentialCourses


6 Mr.BilalAnsari,Asst.EventManager Co-ordinatorforLecturemeetings,Seminars,Workshops&ResidentialCourses


7 Ms.ReemaPawar,EventsExecutive Co-ordinatorformeetingsandstudycirclesatBCASoffice


8 Mr.ManojSingh Graphics Designer for Announcements,Standees,Bannersetc


9 Mr.V.K.Sharma,KnowledgeManager Journal&NewsletterProduction [email protected] 61377619

10 Ms.MadhuriHaware,Asst. Knowledge Manager

Journal&NewsletterProduction [email protected] 61377613

11 Ms.RathiNair,SecretarytoPresident ExecutiveAssistant [email protected] 61377612

12 Mr.UpendraHisaria,OfficeManager General Office Administration & Escalationsand all other matters not mentioned above


Notification No. FEMA 20(R)/(1)/2017-RB dated November 7, 2017

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017

ThisNotificationhassupercededandreplacedthefollowingtwo Notifications:-

1. Notification No. FEMA 20/2000-RB dated May 3, 2000– Foreign Exchange Management (Transfer or issue ofsecurity by a person resident outside India) Regulations,2000,and

2. Notification No. FEMA 24/2000-RB datedMay 3, 2000 –Foreign Exchange Management (Investment in firm ofproprietaryconcerninIndia)Regulations,2000.

A. P. (DIR Series) Circular No. 8 dated October 12, 2017

Risk Management and Inter-Bank Dealings – Facilities for Hedging Trade Exposures invoiced in Indian Rupees

Presently,onlytheconcernednon-residententityispermittedtohedgethecurrencyriskarisingoutofINRinvoicedexportsfromandimportstoIndia.

Thiscircularprovidesthatwhereanon-residententityispartofagroupthecentraltreasuryofthegroupispermittedtoundertakehedgeswithrespecttocurrencyriskarisingoutof INR invoicedexports from and imports to India for and behalf of such non-residententity.

20 NOVEMBER 2017

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