Chairman's Communique

CA. Raveendra S. Kore
  • Name:

    CA. Raveendra S. Kore

  • Contact:

    9902046884

  • Email Address:

    blrchairman@icai.org

My Dear Professional Colleagues,

This year, India is celebrating its 74th Independence Day to pay tribute to our brave freedom fighters who fought selflessly and even sacrificed their lives for our country to attain freedom from the British rule.  

Every Indian remembering and honouring the sacrifice made by our freedom fighters, First Freedom Fight was in 1857 from Indian Soldier Mangal Pande who played a key part in the events immediately preceding the outbreak of the Indian rebellion of 1857. In Karnataka, Rani Chennamma was the Queen of Kittur best known for leading armed rebellion against the British India Company in 1824, three decades before the freedom rebellion of 1857 and she became a symbol of the Independence movement in India.  The tribute will always be less for our freedom fighters but the salute to all will never be less. Saluting the entire nation, Happy Independence day! 

As, we CA professionals’ play a key role in the economic wellbeing of our Nation to fulfil our role of Partners in Nation Building by strictly adhering to transparency, integrity & values.  On this occasion, we are celebrating the Independence Day on 15th August 2020 at 9.00 am at our Branch Premises.  

The month that was July 2020 :

CA Day celebration was held on 1st July 2020. CA. M. Marulasiddaiah, Senior Member of Bengaluru Branch of SIRC of ICAI & Past President, KSCAA was the Chief Guest for the event and gave his informative address filled with rich experience which was an inspiration to all of us. The Programme was followed by Sapling Distribution, Distribution of Food Kits to BBMP PouraKarmikas & School Bags to children of BALYA (A Free Home for Children) run by Annapoorna Charitable Trust, Bengaluru.

I thank CA. B.P. Rao and CA. K. Raghu, Past President’s of ICAI for sharing their rich knowledge & experience on our profession and emerging opportunities to CAs in abroad in the DD Chandana Kannada Channel – TV program on 1st July 2020.  I also thank all the members for watching DD Chandana TV program on this historic day.

AGM : The 58th Annual General Meeting of the members was held on 23rd July 2020 at
S. Narayanan Auditorium, ICAI Bhavan, Vasanthnagar, Bengaluru. I thank all the Members for your valuable suggestions and support for the functioning of the Branch.   

In light of the ongoing spurt of the COVID-19 virus all across the country, to facilitate the members in discharging their duties on the professional updates, Bengaluru Branch of SIRC of ICAI organized the following Ten Jnana Dasoha – Virtual CPE Meetings as per the CPE Guidelines.

Sl. No.

Date

Topics

Speakers

No. of Members availed Structured CPE

1

08.07.2020

 

Fraud Risk Management

 

CA. V. S. Kumar, FCA (IN),CFE,CIA

Enterprise Risk Consultant EFTRAC Canada Inc, Canada

382

2

09.07.2020

 

US Taxation Overview and Opportunities for CAs

 

CA. Varun Nirmal

501

3

15.07.2020

 

IPOs and Pre IPO Funding for SMEs – A New Alternative

 

CA. S. Prabhudev Aradhya, Past Chairman, Bengaluru Branch of SIRC of ICAI

&

CS. Pranab Panigrahi

436

4

16.07.2020

 

1.     Features of Co-operative Audit   

    

2.     Issues relating to Audit of Credit
Co-operative Societies

 

CA. H. Shiva Kumar

 

 

CA. Ravindranath B.V, Sagar

 

688

5

17.07.2020

 

1.     Role of Chartered Accountant’s in a Co-operative Bank as Professional Director / Concurrent Auditor / Statutory Auditor

2.     Expectations by the Co-operative Audit

Department from CA's

CA. Umesh Bolmal, Belagavi

 

 

 

Shri. Prakash C Majgi

Director of Co-operative Audit , Bengaluru

 

701

6

22.07.2020

 

Disclosures in Annual Report for COVID

 

CA. Shankar Jaganathan

732

7

23.07.2020

 

How to Capitalize the Excellent Professional Opportunities in Insolvency Practice for Chartered Accountants

 

CA. V. Venkata Sivakumar, Chennai

561

8

24.07.2020

Discussion on Demonetization related additions u/s 68 & 69 w.r.t 115BBE of Income Tax Act, 1961 – way forward in appeal

CA. Naveen Khariwal G

725

9

29.07.2020

Common Errors in Financial Statements

CA. Amarjit Chopra

Past President, ICAI

709

10

30.07.2020

Real Estate Sector – GST Issues

Adv. K. Vaitheeswaran, Chennai

689

 

I am glad to inform you that around 700 Members registered for Jnana Dasoha – Virtual CPE Meetings on Co-operative Audit organized on 16th & 17th July 2020 was a memorable event. A first of its kind, Bengaluru Branch where in the above said number of Bengaluru Branch Members viewed and got benefitted from the Virtual CPE meeting.

I thank all the expert and eminent Speakers for their valuable contribution in addressing to our Members in the above said Jnana Dasoha – Virtual CPE Meetings.

Amid the coronavirus pandemic in accordance with the guidelines of CPE, on behalf of Bengaluru Branch of SIRC of ICAI is being organized a series of Virtual CPE Meetings on varied topics like Standards on Auditing, Income Tax, Legal & Practical aspects in Tax Audit between 4.00 pm & 6.00 pm. The details of the Meetings are presented elsewhere in this newsletter. 

The difficulties being faced by Members in the time of pandemic, ICAI is sanctioning COVID grant of upto Rs. 1.50 lakhs to CA Members and their dependents who are Covid Positive. The details is hosted on the ICAI website at the CABF Portal at the link https://cabf.icai.org/ a Wonderful initiative by the ICAI. 

Before concluding, the lockdown and its resultant effects may worsen stress, and this is not going to stop anytime soon, help our CA Colleagues who need work, it may not be a big gesture but a small act of kindness can brighten up our community, support and hope.

Happy Ganesha Chaturthi, Muharam !

Stay Safe and Healthy.

 

In Service of the Profession,

 

 

CA. Raveendra S. Kore

Chairman

Bengaluru Branch of SIRC of ICAI