CA. Divya S
9482616469
cadivyaca@gmail.com
Chairperson’s Communique
We live in a global
economy and society which is transforming at a faster rate than at any time
since the start of the Industrial Revolution. With
competition increasing day by day, the need of the hour is to integrate our
strengths and collaborate with each other. This will also create opportunities
enabling us to provide better services to all stakeholders.
As the pace of
technological change accelerates, this will impact the industry & the
profession. It is also vital that we adopt a dedicated learning and development
culture. Looking beyond the traditional boundaries of the profession is
essential in a fast moving world where AI, ChatGPT and other mechanisms change
the way the world operates. Keeping track and implementing this dedicated
learning ethos will be critical for our future growth to put forth thoughts for
the same, so that we can continue to keep learning at the front-line of knowledge
and services towards a more integrated profession where we are united in our journey
to continue to provide the high calibre services which are the hallmark of a
Chartered Accountant.
We, at the Bengaluru
Branch Branch of ICAI, recognise the importance of imparting skills to our
members to make them future ready.
Bank audits, another responsibility shouldered
by our fellow professionals, just concluded. We all are now gearing up for
Statutory and other audit assignments for various organisations. I wish all my professional
colleagues a very happy audit season!
Some of the recent developments related to the profession
under the leadership of President of ICAI.
Partners in Progress - MoUs for
Capacity Building of MSMEs & Startups
MoUs with Government of Kerala and
Odisha
MSMEs empowerment is one of the key focus areas
in ICAI and various initiatives are taken in this direction by the ICAI through
its Committee on MSME & Startup. The ICAI strives to build a cohesive
ecosystem for supporting competence and capacity building of MSMEs by entering
into MoUs with State Governments and institutions. Recently, the Institute
signed MoUs with the Government of Kerala in Ernakulum on 01.04.2023 and the
Government of Odisha in Bhubaneswar on 15.04.2023 for the development and
capacity building of MSMEs in the respective states.
MoU for Capacity Building of Startups
The Institute has also signed MoU with
AICMahamana Foundation for Innovation and Entrepreneurship IM BHU, Varanasi
& AICNalanda Institute of Technology Foundation, Bhubaneswar, Odisha, for
Capacity Building of Startups through ICAI Startup Gateway. These institutions
are envisioned to be center for all Startup stakeholders to develop an
end-to-end innovation and entrepreneurial ecosystem by creating pathways from
“Mindto- Market”. The said arrangements aim to promote startups and support the
government of India’s vision for entrepreneurship development, innovation
culture and mutual integration of Startup Ecosystem.
A brief about April 2023 programs :
It has been decided by the Council of ICAI from
1st April, 2023, no online Virtual CPE event
would be allowed for grant of Structured CPE hours that was allowed in wake of pandemic Covid-19.
In this context, All Virtual CPE events conducted in the month of April 2023 and
henceforth are Unstructured CPE Hours.
Breakfast Meeting on Corporate Restructuring –
Recent trends and developments was conducted on 8th April. 40 members participated got
enriched in this meeting from the deliberations by CA. Amithraj A N.
One Day Workshop on Valuation Standards
organized by the Bengaluru Branch of SIRC of ICAI on 25th April
2023. I thank the Speakers CA. Dr. Gopal
Krishna Raju, Chennai, CA. Guruprasad M, CA. Himanshu Patel & CA. Archana
Bailey who shared their experience and
expertise broadly covered on Valuation Insights, Development of Valuation
Practice, Valuation of Shares & Securities and also various Rules &
Sections under Income Tax Act in this Workshop.
Every Wednesday’s regular Study Circle
Meeting’s in Virtual mode were conducted to enrich the Members on contemporary
topics of professional interests. I thank the Speakers CA. Vijay Raja, CA.
Vishnumurthy S, CA. K.S. Ravi & CA. Sana Baqai for sharing their expertise
in this above said meetings.
The
months ahead – May and June 2023 :
Breakfast Meeting is being organized by the branch on selected
Saturdays, starting on 13th May & 10th June 2023.
E-verification scheme and compliance thereto on
18th May 2023 organized jointly with Income Tax Department
officials.
One Day Seminar
on Charitable or Religious Trust or Institution is being organized on
Saturday, 20th May 2023.
A one day Workshop on Co-operative Society Audit is being organized on 27th May
2023 at our branch premises where Income Tax, GST applicability, Recent changes
and Reporting requirements in case of co-operatives will be touched upon.
One Day Workshop
on RERA is being organized on Saturday, 3rd June 2023. The
Details of the above said programs are mentioned elsewhere in this newsletter.
The
continued efforts of our Prime Minister have enabled India’s leadership in Yoga
and ancient traditional knowledge healthcare systems, its widespread acceptance
and positioning itself as a leader in the global health and wellness industry,
which embodies unity of mind and body, thought and action, restraint and
fulfilment, harmony between man and nature – is the step to a healthy and
disease free life which leads to our physical and mental well-being. The International Yoga Day is being
organized on 21st June 2023 for Members & Students at Vasanthnagar Branch
Premises.
Sports activities inspire sportive spirit to
face challenges in our day to day life. Hence, a one day Cricket match among our Chartered Accountant’s community is being
organized on 17th June.
Two Day Conference on Companies Act is
being organized on Friday & Saturday, 23rd & 24th
June 2023.
Apart from the above said programs regular
Wednesday’s Study Circle Meeting is being organized virtually & physically.
The details of all the above said programs are
presented elsewhere in this newsletter.
Karnataka Legislative Assembly election 2023 is scheduled to be
held across the state on May 10, 2023. I urge all professionals to exercise
their civil right and fulfil their moral duty by casting their vote without
fail.
The month of May & June is also the month of Examinations. Best
wishes to all the students for their exams, Good Luck!
With warm regards,
CA. Divya S
Chairperson
Bengaluru Branch of SIRC of ICAI