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Chairman's Communique

CA Shravan Guduthur
  • Name:

    CA Shravan Guduthur

  • Address:

    F 4, Deccan Gardenia-2, No 90, Nagarbhavi First Main Road, Near Marthi Nagar Bus Stop, bangalore - 560072

  • Contact:

    7204 121 121/ 9844546161

  • Email Address:

    shravan@ascapro.com

Dear Professional Colleagues,

It’s the month of Financial Statements and Audit Reports! We are already in the race of fulfilling our responsibilities and it’s the most exhilarating month for Chartered Accountants – we need to complete the Tax Audit assignments and submit the Audit Report before due date i.e., 30th September 2018. Unlike previous years, this year the Goods and Service Tax (GST) has upped the ante with its various associated challenges and issues that need to be meticulously and appropriately addressed. It is imperative that Chartered Accountants should keep up the quality of work and delivery in light of these new developments and challenges that have been added.   

The ‘Tuesday-Seminar Series’ introduced by the Branch has been a hit with many members showing keen interest in knowledge updation on various topics of professional importance. This has garnered all the more interest, especially by those professionals who are specialising in these areas of practise, which has helped them to update their knowledge and excel in the said topics.  

Bangalore Branch has revamped and relaunched its website with more ease of access to important links, and a refreshing interface. Suggestions to make the website more robust, suggestions on feature additions are welcome and the same can be sent to blrchairman@icai.org.

The month that was – August 2018

Fourth Breakfast Meeting was held on 4th August 2018 at Branch premises on “SA 701 Key Audit Matters” by CA Vinay K.S & CA. D. Ramprasad. 49 Members were benefitted from the deliberations therein.

An Interactive Meeting with Income Tax Department officials, in connection with CPC, wasorganized jointly by Bangalore Branch of SIRC of ICAI & FKCCI on 10th August 2018 at FKCCI premises and we are glad that many members sought solutions to their queries successfully.

In order to get updated 455 Members enrolled for One Day Seminar on Tax Audit and ICDS on Saturday, 11th August at Chancery Pavilion. Expert Speakers addressed on the Practical and Critical issues at the said Seminar. I thank the able co-ordinator CA. Naveen Khariwal for showing keen interest in guiding the Branch. I thank all the Speakers who made this Seminar a remarkable event in this month.

One Day Workshops in the month of August 2018 between 9.30 am to 5.30 pm at Vasanthnagar Branch Premises were held and details being as under-

Sl. No.

Date

One Day Workshops

No. of Members participated

1

13.8.2018

Private Limited Companies and Related Companies Act Provisions

101

2

14.8.2018

Ten Most Important FEMA Master Directions

77

3

21.8.2018

Concurrent Audit of Bank Branches

39

4

28.8.2018

Insolvency Bankruptcy Code for Chartered Accountants’

49


CA.B.P. Rao, Past President, ICAI hoisted the flag on 15th August on the occasion of 72nd Independence Day Celebrations at Vasanthnagar Branch Premises, and gave his informative address, filled with rich experience, which was an inspiration and motivation to all of us. I am happy to inform that Scholarship were given to 60 deserving needy and meritorious students. Various prizes for SICASA Sports – Kridostav 2018 were distributed.  I thank CA. Abhishek Nagaraj, the All India CA Final Second Rank holder for motivating the students and guiding them towards the right path.

A Four Days Advanced Workshop on GST was held from 16th to 19th August 2018 at Vasanthnagar Branch Premises to empower the Members by providing specialized knowledge in GST and all legal aspects under GST law. I thank all expert and experienced Speakers and CA. Madhukar N Hiregange, Chairman, Indirect Taxes Committee, ICAI for addressing in this Workshop. 227 Members were empowered through the same.

To create awareness and sensitize the participants about the transformative technologies which are getting integrated into the domain of Accounting, St. Josephs Evening College in association with Bangalore Branch of ICAI organized a One Day State Level Seminar on “Recent trends in accounting and their impact on business” on 18th August 2018. I had an opportunity to inaugurate the Seminar along with CA. K. Raghu, Past President, ICAI, and Rev. Fr. Arun Prashanth D’Souza SJ, Director, St Jospeh’s Evening College.

Three days Workshop on Transfer Pricing – Advance level was held on 23rd, 24th & 25th August 2018 at Vasanthnagar Branch Premises and 58 Members attended the same. 

Campus Placement Programme

It is very pleasing to know that the Campus Placement Programme held between 28th and 30th August  2018, in Bangalore, has seen participation by a record breaking 29 Companies. I must put on record the efforts of the Committee for Members in Industry & Business (CMI&B) and our President, ICAI CA. Naveen N.D. Gupta for organizing this programme in our Silicon city for Newly Qualified Chartered Accountants. I am happy to state that over 1,000 newly qualified CAs participated in the said drive, yet another milestone. 

The months ahead - September and October 2018

  1. In continuation of my opening remarks, it is necessary to empower our members in the field of GST, especially from the Audit perspective. Accordingly, a One Day Seminar on GST Audit – Approach, Practical Issues and Challenges is being organised on Sunday, the 2nd September 2018 between 9.30 am to 5.30 pmat Vasanthnagar Branch Premises. The said seminar will also focus on challenges faced in GST audit.  The details and programme structure are presented elsewhere in this newsletter.


  1. Continuing our Tuesday-Seminar Series, a One Day Seminar on Charitable Trust is being organized at Vasanthnagar Branch Premises on Tuesday, 4th September 2018 between 9.30am to 5.30 pm. The details and programme structure are presented elsewhere in this newsletter. This programme is driven by the able speaker CA N Suresh, a prodigy in the field of charitable trust compliances and nuances. 


  1. GST Reconciliations - a practical perspective, Reconciliations : Why? What? How? Recon demo with mock data is being conducted for the benefit of our members on Thursday, 6th September 2018 between 2.30 pm & 5.30 pm at Vasanthnagar Branch Premises. CA. Annapurna Srikanth will be addressing the above session. As this will be a practical session and also considering we have limited seats, I request members to register upfront on our website. 


  1. One Day Seminar for Young CAs is being organized by Young Members Skill and Innovation Development Committee of ICAI, New Delhi, and hosted by Bangalore Branch of SIRC of ICAI on Saturday, 8th September 2018 at Vasanthnagar Branch Premises. The details and programme structure is presented elsewhere in this newsletter. CA. Madhusudhan K, Chief Financial Officer at SJR Prime Corporation Pvt. Ltd has been invited as the Chief Guest to inaugurate and address the young members for this Seminar. 


  1. One Day Seminar on Auditing Standards is being organized by Auditing and Assurance Standards Board of ICAI, New Delhi, and hosted by Bangalore Branch of SIRC of ICAI on 11th September 2018 at Vasanthnagar Branch Premises between 9.30 am to 5.30 pm. I thank the efforts of CA Shyam Agarwal, the Chairman of the said committee, for his help towards this programme. Topics and speaker details are presented elsewhere in this newsletter.


  1. Knowing something of everything and everything of something in GST - 3 Day’s Residential Refresher Courses (RRC) at Bangalore is being organized under the aegis of Indirect Taxes Committee and hosted by Bangalore Branch of SIRC of ICAI on 11th, 12th & 13th October 2018.  Expert and experienced Speakers will be addressing at these sessions as a part of this unique residential course. 


  1. Two Days Seminar on Start Up & Fund Raising is being organized on 26th & 27th October 2018 at Vasanthnagar Branch Premises between 9.30 am to 5.30 pm. This seminar, being a first of its kind will expose the members to various aspects of the start-up ecosystem and more importantly the critical aspects of fund raising. Speakers at this seminar have been carefully picked from the respective fields – most of them being first time speakers at our Institute forum though they have been experts in this field from many years. 

Programmes for Students:               

One Day Seminar on “Smart Approach to CA Exams” for CA Students is being organized on 1st September 2018 which will be inaugurated by CA. N. Nityananda, Past Chairman of Bangalore Branch of SIRC of ICAI. 

Rankers Meet program is planned on 15th September at Branch premises.

One Day Seminar on Mental Health for Success is being organized on 22nd September 2018 by a Counselling Psychologist & Life Skills Trainer for the benefit of CA students.

Though September is a very busy month for us, it is also a month of Festivals. Let us celebrate Ganesh Chaturthi Festival with all the fervour and spirit. Wish you all very happy festival celebrations.

With warm regards,

CA Shravan Guduthur
Chairman 
Bangalore Branch of SIRC of ICAI