CA.cjs Nanda Presentation

7/24/2019 CA.cjs Nanda Presentation

1/68

1

Professional

opportunities for

Chartered

AccountantsCA. Charanjot Singh Nanda, FCA


2/68

2

Inspiring Thoughts

Your reach must always exceed your grasp. That is heaven

on earth.

Ultimately, your only competition is yourself.

Those who win are those who elieve they can

The world can e your oyster! it can sit straight in your

poc"et , if you arm yourself with the right #ualifications,

the right s"ills and the right attitude


3/68

3

$are to dream%

$ream, $ream, $ream

$reams transform into thoughts

And thoughts result in action

& Dr. A P J Abdul Kalam

You cannot have your dreams come true if you do not dream To even egin to explore our potential ,we need to have the courage

to sacrifice what we are, at the altar of what we could ecome


4/68

Aout CP'C

A non&standing committee of the council of ICAI entrusted

with the tas" of overseeing in regard to CP' activities of

the ICAI, its organs, and its memers and seeing strategic

directions.

The CP' Committee of ICAI has continually een ta"ing

every possile initiatives to assist the memers in

maintaining the standard of professional competence.


5/68

Initiatives of CP'C

5

TeleconferencingProgrammes

CPE Calendar

In-houseExecutieProgrammes

CPE Portal

Seminar!Conferen

ces!"or#sho$s,Conentions %

$anel discussions


6/68

6

(here can you wor")

*ig Chartered accounting firms

+maller accountancy practices

overnment organisations

*usiness and commercial enterprises

-ot&for&profit organisations -P/s0

*an"ing and 1inancial +ervices

2anagement consultancies

'ducational organisations

3aw firms


7/687

Professional /pportunities for

CA4s in areas of5. Trade 6emedy 2easures Anti& $umping, Anti&susidy and safeguard

duties0

7. 'xport Import Trade8 Customs valuation

9. International Commercial Aritration

:. +pecial 'conomic ;ones8 5


8/688

55. Cross order 2ergers and Ac#uisitions

57. Competition 3aw59. Dnowledge Process outsourcing DP/0 sector

5:. Corporate overnance

5?. *usiness Ealuation

5@. 3imited 3iaility Partnership

5. Internal Audit

5B. Prevention /f 2oney 3aundering5. 6ight to Information

7


9/689

Personal attriutes

>igh academic achievements

+elf&motivation capacity

*eing Innovative

Pursues 'xcellence +trives to add value

Applies strategic thin"ing

$emonstrates initiative

Competent Adaptale

Accountale


10/6810

Tool"it of +"ills


11/6811

Professional s"ills

To be efficient in their profession, a chartered accountant must possess the

following skills:

ood communication

Inter& personal s"ills

Aility to e a good team player

Comfort with numers

Aility to manage others effectively

Analytical mind

$esire and willingness for continuous updating of "nowledge

*eing Techno& savvy

+pecialiFation in areas such as corporate laws, taxation etc.


12/6812

Professional s"illsG.

A chartered Accountant must have the abilit to :

*e 1orward loo"ing advisors and information providers

'valuate, interpret and communicate information

'xercise professional Hudgment in decision ma"ing and prolemsolving

2anage time efficiently

Thin" strategically


13/6813

Dey to effectiveness

!ommitment

If you thin" you can or thin" you cannot you are proaly right&>enry1ord

!reate Partnership

A single arrow is easily ro"en ut not ten in a undle Japanese prover "e responsible

I elieve that every right implies a responsiility! every opportunity , anoligation! every possession, a duty

Decide

A man with feet in two oats falls into the river&Chinese prover


14/6814

Dey to effectiveness

"e #onest

The truth is inconvertile !Panic may resent itK ignorance may deride it!

malice may distort it! ut there it is.&+ir (inston Churchill

$%press &upport

/ne who never as"s either "nows everything or nothing&2alcolm 1ores Take risks

3ife is either a daring adventure or nothing at all&>elen Deller


15/6815

'. Trade (emed )easures *Anti+ Dumping,

Anti+subsid and safeguard duties

Anti&dumping duties

Anti&susidy duties

+afeguard duties

(.T./ $ispute +ettlement proceedings(elated sites

2inistry of Commerce httpK88www.cec.gov.in8

$irectorate eneral of Anti&$umping

httpK88commerce.nic.in8adLguide.htm

$irector eneral of +afeguardshttpK88dgsafeguards.gov.in8default.asp
http://www.cbec.gov.in/http://commerce.nic.in/ad_guide.htmhttp://dgsafeguards.gov.in/default.asphttp://dgsafeguards.gov.in/default.asphttp://commerce.nic.in/ad_guide.htmhttp://www.cbec.gov.in/


16/6816

(eference material

The agreement on Anti&dumping i.e. the Agreement on the Implementation of ArticleEI of ATT, 5?0

Anti& dumping guidelines issued y $irectorate eneral of Anti& dumping and allied

duties, 2inistry of Commerce

3egal framewor" and provisions on safeguard provisions issued y the $irectorate

eneral of +afeguards $ept. of 6evenue, 2inistry of 1inance, overnment of India0

+afeguard Provisions under the Customs Tariff Act, 5? +ection B*0

+afeguard $uty 6ules under the Customs Tariff Act, 5?

Transitional +afeguard Provisions under the Customs Tariff Act, 5? +ection BC0

Transitional +afeguard $uty 6ules under the Customs Tariff Act, 5?


17/6817

7. 'xport Import Trade8 Customs

valuation Advisory on 1oreign Trade Policy and Procedures Compliance with 1oreign Trade Procedures +etting up 5


18/6818

(eference )aterial

1oreign Trade Policy 7


19/6819

-.nternational !ommercial Arbitration

uidance in the process of underta"ing settlement of $isputes at various

international aritration agencies.

To act as an aritrator for international commercial disputes.

uidance To draft commercial trade agreements in consonance with the

principles of Alternative $ispute 6esolution

uidance to draft a proper aritration agreement considering the aritration

rules promulgated y various international institutions


20/6820

(eference )aterial

The Aritration and Conciliation Act ,5@

The 1oreign Award 6ecognition and 'nforcement 0 Act, 5@5

The Aritration Protocol and Convention 0Act ,%9

The Aritration Act ,5:


21/6821

/. &pecial $conomic 0ones1 '22 3 $%port 4riented 5nits

*$45 1 &oftware Technolog Parks* &TP 1 $lectronic

#ardware Technolog Parks *$#TP

Assistance in preparation of proHect report

Assistance in -ecessary applications, compliances etc. with the *oard of Approval,

+tate overnment, $evelopment Commissioner, Approval Committee, etc.

Consultancy services for developing +pecial 'conomic ;ones

Consultancy services for setting up units in +';s, 'xport /riented Units 6epresentation efore *oard of Approval on ehalf of any person aggrieved y the order

passed y the Approval Committee 6ule @5 of +'; 6ules,7


22/68

22

Certificate for C+T reimursements certifying receipt of the goods

Certification of +tatement of 'xports made in the preceding licensing year in the

format given in Appendix 7@ for Annual Advance 3icense purposes

Certification of previous performance of unit in the 3oP 3etter of Permission0

Assessment form for applying for enhancement of limit, $TA sales permission,

diversification of products, renewal of 3etter of permission and exit from scheme

Certification of reports 1orm I Annual performance reports for Units0

(elated websites:

+pecial 'conomic ;ones in India& httpK88www.seFindia.nic.in

$epartment of *iotechnology $*T00under the 2inistry of +cience and

Technology& http:11dtindia.nic.in8

$%port Promotion !ouncil for $45s and &$0 httpK88www.eouindia.gov.in8

&oftware Technolog Park of ndia1 $lectronic #ardware Technolog Park+

httpK88www.stpi.in8


23/68

23

(eference )aterial

The +pecial 'conomic ;ones Act, 7


24/68

24

6. Trade (elated ntellectual Propert

rights * T(P&

6egistration services

Advisory on Taxation, ac#uisition of IP6 assets

Accounting

Aritrator

-egotiating 6oyalty , Agency, $istriution, 1ranchise , $rafting licenses

non&disclosure agreements and 3icensing agreements

Patent and trademar" litigation support

Intellectual Property 2anagement N Audit

Infringement Analysis /pinions and certifications

6epresentations efore statutory authorities wherever permissile and

possile.


25/68

25

(elated sites

Aout Intellectual Property 6ights

httpK88www.ipindia.nic.in8ipr8patent8patLinaug.htm

Patents /ffice

httpK88www.patentoffice.nic.in8ipr8patent8patents.htm

Copy 6ight Authority under the 2inistry of >uman 6esource and

$evelopment& httpK88copyright.gov.in8

Trade 2ar" registry

httpK88www.patentoffice.nic.in8tmrLnew8default.htm
http://copyright.gov.in/http://www.patentoffice.nic.in/tmr_new/default.htmhttp://www.patentoffice.nic.in/tmr_new/default.htmhttp://copyright.gov.in/


26/68

26

(eference )aterial

Agreement on Trade&6elated Aspects of Intellectual Property 6ights

httpK88www.wto.org8english8tratopLe8tripsLe8tripsLe.htm

The Patents Act,5avens& httpK88en.wi"ipedia.org8wi"i8TaxLhaven


30/68

30

;. nternational Ta%ation* including


31/68

31

'2.nbound and 4utbound nvestments

and various (ules and (egulations under

=$)A, ';;; Consultancy on compliance with 1'2A rules and regulations

6epresentation of party& 1oreign 'xchange 2anagement AdHudication

Proceedings and Appeal0 6ules, 7


32/68

32

Trade (elated nvestment )easures

* T()& Eetting 8 $rafting of 1$I agreements and field study wor"s.

Eetting of Counter uarantee Agreements signed y -ational N +tate ovts.

6epresentation efore statutory authorities on ehalf of either the domestic or

foreign parties wherever permissile.

Acting as Aritrators when dispute arises.

Ealuation of Tangile and Intagile assets for settlement of trade disputes or

initial 8 +use#uent investments

6epresentation efore (T/ $ispute +ettlement 1orum when disputes goes to their

Jurisdictions

Investigation +ervices when foreign parties re#uire ac"ground verification of the

$omestic parties and vice versa when Hoint ventures occurred. Advising Corporates aout loal 1$I policies adopted in different countries and

+election of suitale partners for Hoint ventures


33/68

33

''. !ross "order )ergers And

Ac>uisitions

1inancial $ue $iligence

3egal $ue diligence

Ealuation of *usiness

Advisory on Cash repatriation

'#uity financing

*an"ing and 1inance 6egulatory Issues

IP6 Ealuation

Advisory on $et structuring

Advisory on Income flows and their taxaility

Analysis and advisory on 1inancing options

6egulatory approvals and representations efore concerned authorities


34/68

34

!ross "order )ergers And Ac>uisitions?.

Advisory on 1IP* approval

Advisory on 6*I approval

$rafting of agreements which form a necessary part of 2NA exercise

Corporate re organiFations and restructurings $efining the scope of the transaction

Assistance with negotiations

Joint Eentures

Competitive issues

2easuring the effect of merger on prices


35/68

35

(elated websites

2inistry of Corporate Affairs, overnment of India

& httpK88www.mca.gov.in

+ecurities and 'xchange *oard of India

& httpK88www.sei.gov.in8

6eserve *an" of India

& httpK88www.ri.org.in8
http://www.sebi.gov.in/http://www.sebi.gov.in/


36/68

36

(eference )aterial

1oreign 'xchange 2anagement Transfer or Issue of any 1oreign +ecurity0

6egulations, 7


37/68

37

(eference )aterial?

2onopolies and 6estrictive Trade Practices Act, 5@ 8 Competition

Act, 7


38/68

38

'@. !ompetition law

Advisory roles

$rafting and registration of the agreement

In#uiry or investigation

Appeals to the +upreme Court

Calculations for determining whether the definitions of group, interconnected

underta"ings, dominant underta"ing, etc. are attracted

To appear efore the Commission where during the course of any proceeding,

representatives are allowed to e present.

To ensure compliance with the competition laws in the general conduct of

usiness.


39/68

39

(eference )aterial

The 2onopolies and 6estrictive Trade Practices Act, 5@

The Competition Act, 7


40/68

40

(elated ebsites

The International Competition -etwor"

httpK88www.internationalcompetitionnetwor".org8

International *ar Association loal Competition 1orum&

httpK88www.gloalcompetitionforum.org

Competition Commission of India

httpK88www.competitioncommission.gov.in8

The /ffice of the $irector eneral of Investigation and 6egistration

httpK88www.mca.gov.in82inistry(esite8dca8mcaoffices8dgir.html

2onopolies and 6estrictive Trade Practices

httpK88www.mca.gov.in82inistry(esite8dca8mcaoffices8mrtpc.html


41/68

41

'-. Knowledge Process outsourcing* KP4

1inance N Accounting

transactional processing

higher&end 1NA e.g. general accounting and reconciliation, udgeting,

closing, financial reporting, treasury and investment management etc.

1inancial Analytics&financial modeling, deal profiles, indexed graphs, model

verification, credit rating analysis, eta trac"ing etc..

Taxation&auditing N sustantive analysis of alance sheets, interpretation of

items on the P83 , computation of tax

Audit&financial audit operations for internal purposes or clients '#uity 6esearch Analysts for research on e#uity and fixed income mar"ets,

valuation of companies.


42/68

42

Knowledge Process outsourcing* KP4?

Internal 2anagement +upport 6oles

'valuating potential mergers and ac#uisitions

Transfer pricing, taxation support

1orecasting and udgeting employee re#uirements,charge&out rates etc.0

Internal financial reporting

2I+ reporting

/perations +upport 6oles

Transition 2anagers for migration of processes from

onsite to ac"&office locations Ouality 2anagers for continual improvement of relevant

processes


43/68

43

Knowledge Process outsourcing* KP4?

(elated ebsites

-ational Association of +oftware and +ervice Companies &

httpK88www.nasscom.in8$efault.aspx)

$epartment of Information Technology, 2inistry of Communications and

Information Technology & httpK88www.mit.gov.in8

DP/ Asia& www."poasia.com8

*P/ India& httpK88www.poindia.org


44/68

44

'/. !orporate 8overnance

50 uidance in designing Code of Corporate overnance

70 uidance in designing 6is" 2anagement 1ramewor"

90 uidance in designing Internal control framewor"

:0 uidance in designing (histle lower policy?0 Internal Audit of all of aove

@0 +tatutory auditor4s Certificate regarding compliance of conditions of

corporate governance as stipulated in su&clause EII50 of clause :


45/68

45

0 2anagement Audit pertaining to various regulatory, statutory or listing

re#uirements Item 5? of Annex. 5A of clause :0

B0 chairman of audit committee

0 Independent director clause : IA0iii0 meeting a&f criteriaQ5


46/68

46

(elated ebsites

-ational 1oundation for Corporate overnance & httpK88www.nfcgindia.org8

'uropean Corporate overnance Institute & httpK88www.ecgi.org8

(orld Council for Corporate overnance &httpK88www.wcfcg.net

Independent $irector Initiative &httpK88www.independentdirector.co.u"8

+ecurities and 'xchange *oard of India&httpK88www.sei.gov.in8

*omay +toc" 'xchange 3imited& httpK88www.seindia.com8

International Trade Administration&httpK88www.ita.doc.gov8goodgovernance8

/rganisation for 'conomic Co&operation and $evelopment& httpK88www.oecd.org8

Corporate governance networ"& httpK88www.corpgov.net8


47/68

47

5?. *usiness Ealuation

usiness valuation determines the price that a uyer wouldpay for a usiness under given circumstances

Issues to e considered &nature and history ofusiness,economic conditions,company4s earning Ndividendpaying capacity,goodwill , mar"et price of comparale

companies etc. Types

3imited +cope Ealuations

1ormal Ealuations

2ergers and Ac#uisitions

Comprehensive valuations


48/68

48

*usiness Ealuation

Process

+election of appropriate performance measurement criteria.

Analyse the company information in conHunction with the industry andcomparale company data.

Tax concerns

+tructuring the +ale&+tructure to minimise tax liaility

+tructuring the company

+ale of assets or sale of stoc"

6eporting the sale


49/68

49

5@. 3imited 3iaility Partnership

$etermining suitaility of usiness for formation of 33P

uidance in formation

Provide statement that all re#uirements of the 33P Act N related rules haveeen complied in respect of incorporation N other related matters..

$rafting of 33P agreement

Advice on conversion from other forms to 33P

2aintenance of accounts

Audit of 33P


50/68

50

6elated (esites

R +'*I & httpK88www.sei.gov.in

R $epartment of Company AffairsK httpK88www.dca.nic.in


51/68

51

5. Internal Audit

+pecific Internal audit activities Internal audit re#uirements under Companies Auditor4s 6eport0 /rder, 7


52/68

52

Internal AuditG

*esides, a chartered accountant can also assist in improving the #uality and

effectiveness of internal audit process y

R Advising and assisting in the development of internal audit and ris"

management methodologies

R Assessing whether the internal audit function is delivering effectively to

sta"eholders

R +upporting internal audit functions with software to enhance and

support their wor"

R Training staff of internal audit department

R Providing training on internal controls


53/68

53

'. Prevention of )one Baundering

As a consultant providing

his vast expertise in handling huge #uantitative data for verification of the

exact nature of transactions.

*uilding effective A23 programs for the financial organisations to

protect them from the potential threats.

As the trusted partner of the government,

ensuring implementation of the Act in letter and spirit.

DYC AU$IT


54/68

54

5. DYC audit

Customers due diligence procedures to confirm identity of Client from the

records produced y him.

+ystems audit for chec"ing Identity from external dataase.

formulating and implementing the programme of DYC which is to e

forwarded to $irector in P23A 6ule su rule 0 of the P23

maintenance of records of the nature and value G rulesQ.

7. 6is" Advisory services 6A+0, identifying the ris" N its mitigating controls in

the systems for proper internal control environment.

9. 2anagement Advisory service 2A+0, creating proper administrative and

organisation structure to ensure the loop free information flows.


55/68

55

(elated ebsites

www.fiuindia.gov.in

www.moneylaundering.com

www.sei.gov.in

www.ri.org.in www.irdaindia.org

www.finmin.nic.in

www.infrasoftech.com

www.mantas.com


56/68

56

';. (ight To nformation

2aintenance of records +ec : 50a00

Preparation of details of

pulication+ec:50 00

Audit on compliance of legal issues

'stalishing internal controls

2onitoring and sending progress

reports at regular intervals


57/68

57

7


58/68

58

75. EAT

CA4s 6ole

'ducate, guidance to dealer on maintenance of oo"s, calculation of tax,

set&off N payment of tax.

Calculation of turnover of sales, purchases

6eversal of set off Eerification of returns y going through all the provisions of 2EAT


59/68

59

77. ' filing

Information on changed re#uirements

Advice on form filling , downloading

uidance on otaining and use if digital certificate

/perating Certified 1iling Centres C1Cs0

79 i "


60/68

60

79. 6is" management

Complexities of usiness , regulations and competition have made ris"

management an important management function. It is of prime importance that

the CA is ale to .

recogniFe future long and short term ris"s

decide which ris"s need to e covered

provide the necessary financial coverage at the right time for your

company


61/68

61

7:. Treasury and cash

2anaging the capital structure of the company and its cash flow are "ey

elements in remaining profitale and managing li#uidity. It re#uires

Understanding the cash flow of the organisation

+uggest methods of improving the capital structure of the com


62/68

62

7?. *an" Audit

Inventory audit

Concurrent audit

I+ Audit

+election of software


63/68

63

@7. 4thers

6eal 'state

Insurance

$ue diligence 6eviews

3i#uidation

+/S compliance Peer 6eview


64/68

64

>ow to outshine in the field)

Chartered accountancy is a profession thatrequires its members to continuously do better. Toachieve this, CAs need to learn more, do more andadapt to changes around them.


65/68

65

>ow to outshine in the field)

Be domain experts to distinguish yourself in the eld

Be innovative

Enhance your soft !ills

Be Techno" savvy


66/68

66

Dnowledge is Power

#$no%ledge creation has t%o dimensions, one is explicit

!no%ledge and the other one is implicit !no%ledge.

Explicit !no%ledge comes from published boo!s, %ritten

materials, proceedings, presentations etc

&mplicit !no%ledge is derived through systematic observation

and capture of data from tacit !no%ledge available among

individuals, through their approach to problem solving,

bottle"nec! removal, goal setting, interactions etc'

- &r. AP' A(dul )alam

"


67/68

67

6ememer%

If opportunity doesn't knock, build adoor.

Opportunities are never lost; someonewill take the one you miss.


68/68

T>A-D Y/U

Documents

CA.cjs Nanda Presentation