Lecture Meetings Vice-President’s Communiqué . . Tata Theatre, NCPA, Nariman Point Speaker: Soli J. Sorabjee, Eminent Jurist and former Attorney-General of India Subject: Judicial

BCAS Newsletter, November 2007 1

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President : Rajesh Kothari, 28089956; Vice-President : Anil Sathe, 24367693; Hon. Secretaries : Pradip Thanawala, 22694248; Mayur Nayak, 26831199; Hon. Treasurer : Deepak Shah : 22420089

PROGRAMMES

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GLANCE

7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020. Tel. Nos. : 66595601 to 05; Fax : 66595606 E-mail : [email protected]; Website : www.bcasonline.org

Vice-President’s Communiqué . . ✍

Day & Date : Wednesday, 21st November 2007*Speaker : Gautam Nayak, Chartered AccountantSubject : Tax Deduction at Source — Recent Issues

Day & Date : Monday, 3rd December 2007Speaker : Dr. Jayprakash NarayanSubject : Can economic prosperity and declining public

standards go together ?(19th Bhogilal Leherchand Memorial Lecture organisedby FFE in association with IMC and BCAS)

Day & Date : Wednesday, 5th December 2007*Speaker : Sujit Cherian, Chartered AccountantSubject : Internal Audit — Emerging Tools and

Techniques

Day & Date : Wednesday, 19th December 2007*Speaker : Dr. K. Shivaram, AdvocateSubject : Concealment Penalty

Day & Date : Friday, 11th January 2008Time : 6.00 p.m.Venue : Tata Theatre, NCPA, Nariman PointSpeaker : Soli J. Sorabjee,

Eminent Jurist and former Attorney-General of IndiaSubject : Judicial activism — boon or bane ?

(5th Nani A. Palkhivala Memorial Lecture organised byNani A. Palkhivala Memorial Trust in association withFFE, IMC and BCAS)

Day & Date : Wednesday, 16th January 2008*Speaker : T. P. Ostwal, Chartered AccountantSubject : Recent development in non-resident taxation

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

Lecture MeetingsVenue : 4th floor, IMC, Churchgate, Mumbai-400020.

(unless otherwise specified)Time : 6.15 p.m.

Half-day Seminar on Internal Auditing ............................................................ 23-11-2007 .......................................................... Gulmohar Conference Hall, BCAS. ...................................... 9Residential Leadership Camp ........................................................................... 30-11-2007, 1, 2-12-2007 ................................. Leslie Sawhney Training Centre, Deolali ............................ 2Half-day Seminar on Employees’ Stock Option Plan ................................... 6-12-2007 ............................................................ M. C. Ghia Hall, Rampart Row, Mumbai ........................... 9Effective Communication and Public Speaking Workshops .......................... 14, 15, 16-12-2007 ............................................ BCAS Conference Room ...................................................... 2Eighth Intensive Study Course on Double Tax Avoidance Agreement ....... 15-12-2007 to 16-2-2008 ................................... Jai Hind College, ‘A’ Road, Churchgate, Mumbai. .......... 10Strategic Management : Concepts & Practice ................................................ 1, 2-2-2008 ......................................................... Gulmohar Conference Hall, BCAS ..................................... 10PE II / P.C.C. & Final C.A. Students’ Education Crash Courses ................ 3 months from January 2, 2008 ..................... Sydenham College, ‘B’ Road, Churchgate. ....................... 11Computer Training Programme for Senior Chartered Accountants .............. 15 to 18-1-2008, 21 to 25-1-2008 ................... YCP’s AIT

19-1-2008, 28-1-2008 ........................................ BCAS ....................................................................................... 3

°Harnessing Talent and Providing Quality Service November 2007Vol. 10 No. 8

Anil Sathe

Dear Members,

“The only thing that is permanent is change” is a rule that is often quoted.Like all rules, this rule also has an exception which is the law makers’penchant for extending deadlines at the last moment. One wonders whetherextending deadlines at the last minute serves any meaningful purpose forthose who work hard during the last days to meet the deadline. Is it notessential, in all fairness, to announce extension well in time if the intentionof the Government is to really help the assessees ?

When I communicated with you last time, you were slogging to meet theoriginal deadline of 31st October and by the time this newsletter reaches you,the extended one of 15th November would have expired. All the efforts thatyou have put in would surely translate into prosperity in this new year.

Despite the fact that the stock markets witnessed a decline in muhurat trading,I believe that strong performances of corporates are continuing and marketswould remain buoyant in the long run. Economic growth results in demandfor consulting services increasing exponentially. In the coming years, ourprofession will witness tremendous opportunities. If we are to grab them, wewill have to upgrade our knowledge infrastructure very quickly.

We at the Society are doing everything to ensure that members are in aposition to continuously sharpen their professional skills. The activities whichwere reduced in October will now be carried out with new vigour in the comingmonths.

While we aid and assist wealth creators, we remain committed to social needs.The BCAS Foundation has been supporting various causes of interest tocitizens. The foundation will also be launching a scheme for the benefit ofstudents. You will be informed about it through this newsletter.

As I write this, the cover of a magazine on my table carries a photographof an eminent industrialist. As I have stated earlier in this communication, ourprofession has a great role to play, in creating “brand India”. It is time wegot the recognition due to us. I hope to see a member of our profession ona magazine cover.

With warm regards,

BCAS Newsletter, November 20072

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°Chairman : Rajesh MuniConvenors : Hiten Shah

Manish SampatAliasgar Kherodawala

While achieving success in profession . . . .DO NOT NEGLECT YOUR FAMILY

Your successful and fulfilled familywill enhance your productivity, effectiveness and peace of mind

We have arranged a

Residential Leadership Campon

30th Nov., 1st & 2nd Dec. 2007 (Friday to Sunday)at Leslie Sawhney Training Centre, Deolali,

to discuss the book on ‘Habits of Successful & Effective Families’ —recommended by Stephen Covey in his bestseller book.

Discussion will provide solutions on :

(a) How do you create a spirit of fun, adventure and excitementin the family ?

(b) How do you create and maintain order and a spirit of co-operation in the family, yet give family members the freedomand autonomy they need to grow and find fulfilment ?

(c) How can you rebuild a broken relationship when the feeling isno longer there ?

(d) How can you strengthen your family to withstand destructiveinfluences in society ?

(e) How can you discipline without punishing ?

To understand and implement those important habits effectively, werecommend you to attend this camp with your spouse.

Mr. Murli Mehta, a very experienced and popular trainer, has acceptedto lead the discussion and facilitate the study with his expertise.

Participation fees : Rs.5,550 per person — (includes cost for sharingcar pool, the book ‘The 7 Habits of Highly Effective Families’ and othermaterial, breakfast, lunch, tea and dinner on all the days except dinneron Sunday and contribution of Rs.50 for BCAS Foundation).

Maximum possible registration is 30 persons. Don’t miss theopportunity — enrol immediately.

Enrolment form is printed on page 12.

Why you can’t do without thisEffective Communication andPublic Speaking Workshops

People in organisations typically spend over 75% of their time in aninterpersonal situation; thus it is no surprise to find that at the rootof a large number of organisational problems is poor communication.Effective communication is an essential component of organisationalsuccess, whether it is at the interpersonal, intergroup, intragroup,organisational, or external levels.

Regardless of who you are and what type of job you currently haveor plan to have, there’s a good chance that one day you will berequired to make a speech in public.

It may be a presentation for your colleagues. It may be a toast atyour best friend’s wedding. It may be a statement at a communitymeeting. Whatever the purpose, you need to be prepared for thatday.

Of course, even if you’re never called upon to vocalise your own ideasin front of others, learning how to effectively speak in public willincrease your confidence, make you more comfortable with otherpeople, and fine-tune your communication skills. Being an effectivepublic speaker gives you the tools to make a difference in yourbusiness, in your community, and in the world.

Public speaking is a skill that everyone needs to learn and not allare born as good communicators. The Human Resources Committeeof the Bombay Chartered Accountants’ Society under the auspices ofAmita Memorial Trust has organised these workshops for itsmembers and students separately, on Public Speaking and EffectiveCommunication. In these workshops, we will cover the basic processof communication and then we will cover some of the most difficultcommunication issues students and members face while interactingwith other people. These workshops would provide constructive andeffective feedback along with personal performance appraisal.

The details of these workshops are as follows :

Day & Date : Friday 14th, Saturday 15th &Sunday 16th December 2007.

Time : 9.00 a.m. to 5.30 p.m. (Time is indicative and maybe extended on some days)

Venue : BCAS Conference Room, 7 Jolly Bhavan No. 2,New Marine Lines, Mumbai-400020. (Both theworkshops would run simultaneously in differentConference Rooms)

Faculties : Shri Murli Mehta, Nikhil Desai & Vivek Patki.

Fees : Rs.820 per Student, Rs.1320 per Member (includingRs.20 as contribution for BCAS Foundation)

Enrolment is restricted to 35 in both batches on first-come-first-servedbasis.


A little common sense, goodwill, and a tinydose of unselfishness could make thisgodly earth into an earthly paradise.

— Richard Aldington


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° Chairman : Shariq ContractorConvenors : Samir Kapadia

Nirav DalalNikunj Shah

Computer Training Programme forSenior Chartered Accountants

Dear Senior Chartered Accountants,

Do you still depend on your computer operator to perform everydaytasks like working with files in Word and Excel, checking emails,downloading information from the Internet, auditing around accountingsoftware, etc. ? Does the computer phobia still haunt you ?

After the runaway success of the ‘Computer Training Programme forSenior Chartered Accountants’, BCAS in partnership with YCP’s AIT,now presents 5th batch of computer training programme, speciallydesigned for Chartered Accountants of over 55 years of age.

This programme is designed to impart only basic knowledge ofComputers, Microsoft Windows, MS Office and Accounting software.Hence, this programme is ideally suited for Senior CharteredAccountants who wish to learn basic computer tasks at their ownpace. So if you already have working knowledge of computers, thisprogramme is not meant for you.

Programme highlights :

Hands-on training : 18 hrs. of hands-on training at YeshwantraoChavan Pratishthan’s Computer TrainingLaboratory.

PC forevery participant : One computer per participant (at YCP’s AIT)

Four additional : Around 9 hrs. Session at BCAS where specificsessions at BCAS application of Word, Excel and Internet/e-mail,

Auditing in Accounting Software wil l bedemonstrated to Chartered Accountants. This willbe in classroom style on the LCD screen.

CD with : Along with course material distributed by YCP’scourse material AIT, a CD containing templates, files, and other

readymade material useful to CharteredAccountants will be distributed.

Programme details :

1. Course Coverage :

At YCP’s AIT

➠ Computer Fundamentals ... ... ... 2 hrs.➠ Microsoft Windows ... ... ... 2 hrs.➠ Microsoft Word ... ... ... 4 hrs.➠ Microsoft Excel ... ... ... 6 hrs.➠ Internet/E-mail ... ... ... 3 hrs.➠ Troubleshooting ... ... ... 1 hr.

Total hrs. at YCP’s AIT : ... ... 18 hrs.

At BCAS

➠ Microsoft Word ... ... ... 2 hrs.➠ Microsoft Excel ... ... ... 2 hrs.➠ Internet/E-mail ... ... ... 2½ hrs.➠ Auditing in Accounting Software (like Tally) 2½ hrs.

Total hrs. at BCAS : 9 hrs.

2. Date, day, time and venue :

Date and Day Time Venue

15 to 18-1-2008 (Tue. to Fri.) 6 pm to 8 pm YCP’s AIT19-1-2008 (Sat.) 1 pm to 5.30 pm BCAS21 to 25-1-2008 (Mon. to Fri.) 6 pm to 8 pm YCP’s AIT28-1-2008 (Mon.) 3 pm to 8 pm BCAS

YCP’s AIT — Yeshwantrao Chavan Pratishthan’s Academy of Info.Tech., near Mantralaya, Nariman Point, Mumbai.

3. Programme fees :

YCP’s AIT fees Rs. 1,515

BCAS charges Rs. 1,465

Contribution towards BCAS Foundation Rs. 20

Total fees Rs. 3,000

Note : Admission restricted to first 35 participants only, so register instantlyto avoid disappointment


Course Co-ordinator : Kamlesh Doshi

Forthcoming Study Circle Meetings*Venue : BCAS Conference Hall, BCAS

Date & Day Time Subject Speaker Study Circle/Group Convenors

16th Nov. 07 6.00 p.m. Audit Committee — An Internal Amit Pandit Internal Audit Studies Mukesh Trivedi &Friday Audit Perspective C.A. Zainab Lakkadghat

22nd Nov. 07 6.15 p.m. Structuring of Offshore Rajesh P. Shah, FEMA Satish Kanodia &Thursday Trusts/Companies C.A. Naren Madlani

* These meetings are restricted to members of that particular Study Circle only.


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Contributed byGaurang Gandhi

Right to Information Clinic

Accounts & Audit Clinic

Panel of Advisors :

Sanjeev Pandit,Himanshu Kishnadwala and

Jayesh Gandhi

The next Charitable Trust Clinic will be held on Friday, 7thDecember 2007, from 5 p.m. to 7 p.m. in the library roomof BCA Society at New Marine Lines.

Chartered Accountants and Trustees interested in having theirqueries solved are requested to call the Society’s office (Mrs.Mistry on extn. 20) and obtain a prior appointment, latest bynoon on the day of the Clinic. Querists are also advised tobring along relevant papers like trust deeds, audited accounts,etc.

Panel of Advisors :

Ratanshaw Damanwala,Shariq Contractor,Gautam Nayak,

Anil Sathe and Atul Shah

The BCAS Clinics

The next Accounts & Audit Clinic will be held on Saturday,1st December 2007, from 10.30 a.m. to 11.30 a.m. in thelibrary room of BCA Society at New Marine Lines.

Persons interested in having their queries pertaining toaccounting and auditing issues solved are requested to sendthe queries by email to [email protected] one weekin advance and call the Society’s office (Mr. Rajaram onextensions 13 & 21) to obtain a prior appointment, a daybefore the day of the Clinic. Please note that the Society willnot answer any queries pertaining to tax issues.

Charitable Trust Clinic

The Reserve Bank of India has issued 3 Circulars.

A.P. (DIR Series) Circular No. 14, dated October 17, 2007

Anti-Money Laundering Guidelines

This Circular provides that :

(i) Money changers can now make payment in cash to foreignvisitors/non-resident Indians up to US $ 3,000 as against thepresent limit of US $ 2,000.

(ii) PAN card will henceforth be accepted as a suitable documentfor establishing relationship with the company / firm in termsof paragraph 6 of Annex to A.P. (DIR Series) Circular No. 16[A.P. (FL Series) Circular No. 1], dated December 2, 2005.


Booking of Forward Contracts — Liberalisation

This Circular permits :

(i) Small and Medium Enterprises (SME) to :

(a) Subject to certain conditions, book/rebook/roll over forwardcontracts without production of underlying documents.

(b) Use foreign currency rupee options for hedging their ex-posures after production of underlying documents or un-der past-performance route.

(ii) Resident individuals to book forward contracts to manage/hedgetheir foreign exchange exposures, actual or anticipated andinward or outward, up to US $ 100,000 without production ofunderlying documents on self-declaration basis. The contractsshould have tenures up to one year and should be in theprescribed format attached to this Circular.


Exim Bank’s Line of Credit (LOC) of USD 10 million to theGovernment of the Republic of Senegal for IT Training Project

Exim Bank has made available, subject to certain terms andconditions, a Line of Credit of US $ 10 million to the Government ofthe Republic of Senegal for financing exports of eligible goods andservices including consultancy services for the Information TechnologyTraining Project, which are eligible for export under the Foreign TradePolicy of the Government of India. Out of the total credit, at least 85%of the goods and services shall be supplied from India.

The Credit Agreement under LOC is effective from September 19,2007. The last date of opening of Letters of Credit is 48 months fromthe scheduled completion date of contract in case of project exportsand before July 1, 2013 in case of other supply contracts.

BCAS Foundation operates Right to Information (RTI) Clinic on aregular basis. RTI clinic is operated by Mrs. Hema Sampat, aresearch scholar on the subject of RTI, Mr. A. K. Asher, Advocate& RTI activist and Mr. Narayan Varma, past President, BCAS.

The Clinic provides help and guidance to BCAS members as alsoto non-members, i.e., all citizens, for making applications under theRTI Act and also assists in resolving any related difficulties on thesubject of RTI.

The RTI clinic operates from BCAS office — 11 a.m. to 1 p.m.

The next RTI clinic days are 24th November 2007 and 8th, 15thand 22nd December 2007 (Saturdays).

All change is not growth; as all movement is not forward.— Ellen Glasgow


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I/We agree to pay courier charges (for a pack of 5 or 10 calendars) Rs.40/- for local, Rs.70/- if outside Mumbai butwithin Maharashtra and Rs.125/- if outside Maharashtra, but within India.


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➠ Always been reading this newsletter and wondered what went intomaking it ?

➠ BCAS publications are a fantastic source of information andreference material. Would you like to be associated with thepublications ?

➠ Our updated website has around 1000 hits a day now. Would youlike to be a part of the team that updates it ?

If the above job profile entices you, then you are fit to be what we atBCAS are looking for…. a Knowledge Manager.

BCAS is recognised today as one of the premier depositories ofknowledge in the country, so far as Chartered Accountants areconcerned.

The various programmes, publications, web-pages and the journal ofBCAS generate a wealth of data and information which is priceless,

Required : Knowledge Manager for BCAS

and sought by professionals all over India. We need somebody to helpus manage it.

You should be an academician (preferably a Chartered Accountant),eager to learn new things and to grow professionally. Workingknowledge of computers is essential. Besides co-ordinating mattersrelating to the journal, website and publications, the work profile wouldinclude co-ordination and management of matters relating to our libraryand relating to preparation of course material for various seminars,conferences and study circles. You would need to interact withprofessionals of different age profiles, and to also co-ordinate withvarious committee members and faculty.

If you feel that you fit the job requirement, please apply to Col. Raje,General Manager, by emailing him at [email protected] or send yourCV to him at the Society’s office.

Recent additions to the BCAS Library

Name of the Book Author Edition Publisher

Universal’s Insurance Laws 2007 Universal Law Pub. Co. Pvt. Ltd., Delhi

Guide to Competition Act 2007 Taxmann Allied Services (P.) Ltd., New Delhi

Business Expenditure (Ready Reckoner) Hari Om Jindal 2007 Taxmann Allied Services (P.) Ltd., New Delhi(Vol. I & II)

IBFD International Tax Glossary 5th Rev. 2005 Taxmann Allied Services (P.) Ltd., New Delhi

Taxation of Construction Industry Dr. Avadhesh Ojha 2007 The Tax Publishers, JodhpurManoj GuptaSatyadev Purohit

Bank Branch Audits Dr. Avadhesh Ojha 2007 The Tax Publishers, JodhpurVineeta Maheshwari

Wills Dr. Avadhesh Ojha 2007 The Tax Publishers, JodhpurVineeta Maheshwari

Fringe Benefit Tax Dr. Avadhesh Ojha 2007-08 The Tax Publishers, JodhpurNisha Bhandari

Business and Corporate Audits Dr. Avadhesh Ojha 2007 The Tax Publishers, JodhpurManoj Gupta

Charity, Charitable Trusts, Donations and Dr. Avadhesh Ojha 2007 The Tax Publishers, JodhpurExpert Institutions Nisha Bhandari

Practice Guide for TDS & TCS Dr. Avadhesh Ojha 2007-08 The Tax Publishers, JodhpurNisha Bhandari

Currently Relevant Direct Taxes Circulars Dr. Avadhesh Ojha 2007 The Tax Publishers, JodhpurDr. Shrikant Ojha


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° Chairman : Pinakin DesaiCo-Chairman : Rajesh ShahConvenors : Ameet Patel

Mayur DesaiChetan Shah

Half-day Seminar onEmployees’ Stock Option Plan

— Commercial, Legal, Accounting,Auditing and Tax Aspects

(now will be held on 6th December 2007)

A half-day Seminar has been organised to deal with various issuespertaining to Employees’ Stock Option Plan.

“Employees’ Stock Option Plan” (ESOP) as a concept has undergonemany changes in recent past. Recently, certain changes have beenmade in the Income-tax Act relating to Fringe Benefit Tax on ESOPs.This has drastically altered the attractiveness of ESOPs as a tax-freeremuneration given by employers to employees.

With a view to revisit all the important aspects of ESOPs, and tounderstand the intricacies of ESOPs, we have organised this Seminarwhere we propose to deal with various aspects such as legal,accounting and tax, from the point of view of the employer as wellas employees.

Apart from being important for practising members, this seminar willalso be of relevance to members who are in industry, both from thepoint of view of formulation as well as implementation.

Day & Date : Thursday, 6th December 2007

Venue : M. C. Ghia Hall, Rampart Row, Mumbai.

Time : 9.00 a.m. to 1.30 p.m.

Fees : Rs.750 (inclusive of course material, tea/coffee, lunchand Rs.20 as contribution towards BCAS Foundation)

Topic Faculty

Commercial & Legal Aspects Dr. Pravin Shah

Accounting & Audit Aspects Sudhir Soni, C.A.

Tax Aspects Yogesh Thar, C.A.

Enrolment will be restricted to first 100 members of BCAS only.


Chairman : Hemendra ShahCo-chairman : Himanshu KishnadwalaConvenors : Abhay Mehta

Kamlesh DoshiNandita Parekh

Half-day Seminar onInternal Auditing

The Accounting & Auditing Committee is pleased to announce a half-day seminar on Internal Auditing. The seminar aims to provide anoverview of internal audit, its increasing relevance in the present timesand an introduction to the Standards on Internal Auditing issued bythe ICAI.

Day & Date : Friday, November 23, 2007Time : 2 p.m. to 6 p.m.Venue : Gulmohar Conference Hall, BCAS.Fees : Rs.370 each for members

Rs.470 each for others(Fees are inclusive of course material, refreshment andRs.20 towards contribution to BCAS Foundation).

Seminar contents Faculty

Relevance of Internal Auditingin Present Times

Preface to Standards onInternal Auditing

Standards on Internal Auditing(SIA 1 to SIA 3)

Enrolment is restricted to 75 participants on first-come-first-servedbasis.


Nandita ParekhBhargava Vatsaraj

BCAS Opinion PollCast your vote

and help us in mobilising the opinion of our members, so thatthe same can be conveyed to the authorities in a strong voice.

This month’s poll :Do you think that the last-minute extensionof time for filing e-returns for A.Y. 2007-08

will serve any purpose ?Yes No Can’t say

To cast your vote, log on towww.bcasonline.org

The result of the last poll is as under :Will the tax Ombudsman be effective in resolving

taxpayer grievances ?Yes : 59% No : 36% Can’t say : 5%

The chief aim of wisdom is to enable oneto bear with the stupidity of the ignorant.

— Winston Churchill


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BCAS Foundation has published a small booklet which provides basicinformation on the Right to Information Act, 2005. We request youto buy these booklets in multiples of 10 and distribute to your friends,relatives, clients, neighbours and so on.

A pack of 10 booklets is priced at Rs.50 (plus Postage Rs.15). Withthat pack, you will get 12 attractive ‘STOP CORRUPTION with RTI’stickers with our compliments for your use. Please send your paymentby Cheque at par/Demand Draft in favour of BCAS Foundation.

Order as many packs of 10 booklets as you like, but please do it fast.

RTI Booklet

Chairman : Kishor KariaConvenors : Dhishat Mehta

Nitin ShingalaSushil Lakhani

Course co-ordinators : Mayur Desai, Gaurang Gandhi and Mihir Khandwala

Eighth Intensive Study Course onDouble Tax Avoidance Agreement

We are happy to announce the 8th batch of the Study Course on‘Double Tax Avoidance Agreement’ (DTAA) to be held from 15thDecember 2007 to 16th February 2008.

This is an intensive course and will be conducted in classroom style.There will be about 28 lectures in all, covering each article of DTAAand with special emphasis on features like force of attraction, mostfavoured nation and triangular cases, including a test. The UN ModelConvention will form the basis of the course.

Faculty will comprise senior professionals having expertise in the fieldof International Taxation. This may include (as in the past) thefollowing persons, subject to their confirmation :

Dilip J. Thakkar, Geeta Jani, Hitesh Gajaria, Jayesh Karia, KeyurShah, Kishor Karia, Mayur Desai, Mayur Nayak, Naresh Ajwani,Pinakin Desai, Pranav Sayta, Rajiv G. Shah, Sharad Jain, SushilLakhani, T. P. Ostwal, Vispi Patel and Yogesh Thar.

Dates : 15th December 2007 to 16th February 2008

Time : Tuesdays and Thursdays — 6.00 p.m. to 8.00 p.m.

Saturdays — 3.00 p.m. to 7.00 p.m.

Venue : Jai Hind College, ‘A’ Road, Churchgate, Mumbai.

Fees : Rs.5,000 per participant (including Rs.20 as contribution toBCAS Foundation)

Enrolment is restricted to 50 participants on first-come-first-servedbasis. Enrolment form is printed on page 12. Enrolment fees are non-refundable.

Chairman : Kanu ChokshiCo-chariman : Uday SathayeConvenors : Atul Shah

Himanshu VasaBhargava Vatsaraj

Course co-ordinators : Gracy Mendes and Bhavesh Gandhi

Business Consultancy Studies Sub group

Management Development Programme

Strategic Management :Concepts & Practice

The committee is pleased to announce a workshop on importantmanagement concepts. The workshop aims at providing fellowprofessionals with insights into management challenges for Indiancorporate sector in the globalised environment and to give them anedge over others while meeting the challenges of our profession inthe field of Business Consultancy. The speakers have been requestedto cover practical examples in their interaction. BCS alumni would findthis as an opportunity to refresh their old memories at JBIMS andinteract among themselves and the professors.

Days and Dates : Friday, 1st February 2008 andSaturday, 2nd February 2008

Time : Friday 4.00 p.m. to 7.00 p.m.Saturday 9.30 a.m. to 5.30 p.m.

Venue : Gulmohar Conference Hall, BCAS,7, Jolly Bhavan No. 2, Opp. Nirmala Niketan,New Marine Lines, Mumbai-400020.

Fees : Rs.1,520 (inclusive of course material,refreshments and Rs.20 as contribution toBCAS Foundation).

Topic Speaker

Introduction to Strategic Dr. Anil Naik,Management Management Consultant

Creating & Sustaining Mr. Vinod Srivastava,Competitive Advantage Management Consultant

The Challenge of Growth : Dr. Anil Naik,Strategies & Issues Management Consultant

Limited to only 25 participants on first-come-first-served basis.

Subsequent modules will be announced later on, which will coversubjects on management and self development.


Winning is not everything, but wanting to win is.— Vince Lombardi


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" " " " "CUT HERE CUT HERE CUT HERECUT HERE

ENROLMENT FORM

Name : ..................................................................................................................................................................................................................................................

Registration Number : .........................................................................................................................................................................................................................

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

Residential Address : ..........................................................................................................................................................................................................................

............................................................................................................................ Tel. No. (R) : ....................................... 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. (O) : ..................................... Fax No. (O) ..................................

Cash/Draft/Cheque No. ........................................................................................... drawn on ............................................................................................... Bank,

dated .......................................................................... for an amount of Rs.1000 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’soffice, 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 enrolmentin their office.

Bombay Chartered Accountants’ Society7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020.

Phone : 66595601 to 05 Fax : 66595606 E-mail : [email protected] Website : www.bcasonline.org

Human Resources CommitteeChairman : Rajesh Muni Convenors : Hiten Shah, Aliasgar Kherodawala, Manish Sampat

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

PE II / 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 May & November 2008 Examinations1. Courses for :

C.A. PE II C.A. FinalGroup-I — Accounting Group-I — Advanced Accounting & Financial Management

— Auditing— Business & Corporate Laws

Group-II — Income Tax & C.S.T. Group-II — Direct Taxes— Cost Accounting & F.M. — Indirect Taxes

(In addition, important topics in — Cost ManagementIT may be covered at no extra cost.) — MICS

2. Course Co-ordinators : Chandrakant Ruparelia, C.A.; B. C Jain, C.A.

3. Fees : Rs.1000 per student for P.E.II /P.C.C. or Final (Total, and not per Subject, including cost of Study Materials)

4. Timings & Venue : 6.15 p.m. to 8.30 p.m. on weekdays at Sydenham College, ‘B’ Road, Churchgate.

5. Duration : 3 months from January 2, 2008

6. Enrolment from : November 1, 2007

7. Faculty : Eminent personalities possessing rich experience in their respective fields.

For further informaion, kindly contact Col. Raje/C. Ruparelia on Phone 66595601 to 05 during office hours at BOMBAY CHARTEREDACCOUNTANTS’ SOCIETY.


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Edited, printed & published by Narayan Varma on behalf of Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at Vijay Mudran, Mumbai-400031.

Combined Enrolment Form

Please fill in the above form appropriately and send the same to the Society’s office along with the requisite payment.Please mention your name and membership number on the reverse side of the local cheque/at par cheque/Demand Draft.

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Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MH/MR/South-88/2006-08Licensed to post without prepayment : Licence no. South-12/2006-08. Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1.

PROGRAMMES :

Residential Leadership Camp 30-11-2007, 1, 2-12-2007 Rs.5,550 ..................

Computer Training Programme for 15 to 18-1-2008 Rs.3,000 ..................Senior Chartered Accountants 19, 28, 21 to 25-1-2008

SEMINARS :

Employees’ Stock Option Plan — Commercial,Legal, Accounting, Auditing and Tax Aspects 6-12-2007 Rs.750 ............................

Half-day Seminar on Internal Auditing 23-11-2007 Rs.370 Member ............

WORKSHOP :

Strategic Management : Concepts & Practice 1, 2-2-2008 Rs.1,520 .........................

BCAS Publications for Sale

Name of the Publication Price (Rs.) Postage (Rs.) Edition Month/Year

Books

(a) Service Tax 1 — Basic Concepts and Procedures 35 20 2nd Aug. 07(Revised & Updated up to July 2007)

(b) Service Tax 2 — Goods Transport Agency Services 25 20 1st Jun. 06

(c) Law of Service Tax — Compilation of Amendments Members 200 60 1st Jun. 07to the Act and Rules (1994 – May, 2007) Non-Members 250 60

(d) Laws & Business — A Compendium Members 200 60 2nd Jun. 07Non-Members 250 60

(e) Audit Checklist for Companies Members 300 50 5th May 07Non-Members 350 50

(f) Registration of Firms with ROF : Members 25 20 1st Feb. 07Procedure and Frequently Faced Problems Non-Members 30 20

(g) Fraud Detection — A Practical Approach for Auditors 300 75 1st Jan. 06

(h) Harmful Tax Competition — An Emerging Global Issue 100 25 1st Jan. 02

Conference Papers

(a) I.T.F. Conference 2007 Papers Members 400 70 — —Non-Members 500 70 — —

CDs

(a) Covering 40th RRC which contains papers, Members 600 20 — —speeches of the paper writers & photographs Non-Members 750 20 — —

(b) Covering 39th RRC which contains discussions conducted 100 20 — —by various paper writers

COURSES :

Effective Communication and 14, 15, 16-12-2007 Rs.820 Student .......Public Speaking Workshops

Eighth Intensive Study Course onDouble Tax Avoidance Agreement 15-12-2007 to 16-2-2008 Rs.5,000 ..................

Rs.1320 Member .....

Rs.470 Non-Member ....

Documents

Lecture Meetings Vice-President’s Communiqué . . Tata Theatre, NCPA, Nariman Point Speaker: Soli J. Sorabjee, Eminent Jurist and former Attorney-General of India Subject: Judicial