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Vol. 12 No.

9 Harnessing Talent and Providing Quality Service December 2009




Lecture Meetings
Vice-President’s Communiqué . . ✍ Venue : Walchand Hirachand Hall, IMC,
Churchgate, Mumbai-400020.
Day, Date & Time : Wednesday, 16th December 2009, 6.15p.m.*
Dear Members, Speaker : M. Prasanna
Let me begin this communiqué by paying a tribute to the martyrs in Group Executive President & General Counsel,
Mumbai on 26th November 2008’s terrorist attack. In the past one year, Aditya Birla Group
citizens of this ‘City of Hope’ displayed solidarity and resilience as never Subject : Cross Border Mergers & Acquisitions
before. On 25th November 2009, BCAS joined other organisations in — Legal and Practical Considerations
paying a fitting tribute to the martyrs as well as victims of that tragedy.
Keeping its tradition of innovation, BCAS has launched a month-long Venue : Babubhai Chinai Hall, IMC, Churchgate,
activities in December 2009 in the upcoming field of ‘International Financial Mumbai-400020.
Reporting Standards’ (IFRS). December 2009 has been declared as the Day, Date & Time : Wednesday, 27th January 2010, 6.15 p.m.*
‘IFRS Month’. The inaugural address of IFRS Month was delivered by
Narendra P. Sarda on 25th November at K. C. College auditorium at which Speaker : Hareesh Tibrewala
global developments in IFRS were dealt with. Joint CEO, Social Wavelength

On 7th November 2009, a half-day seminar was organised on the subject Subject : Effectively Harnessing the Power of
of ‘Information Technology — Changing Ways, Fraud Detection and Data Social and Professional Networking
Mining’ at the BCAS premises. The seminar was addressed by Shariq Websites for Professional Advancement
Contractor, Chetan Dalal and Nikunj Shah and received an overwhelming
response. BCAS again pioneered a seminar on ‘Standards of Internal Venue : Walchand Hirachand Hall, IMC,
Audit’ on 21st November 2009, at which more than 60 people enrolled Churchgate, Mumbai-400020.
and benefited. Ashutosh Pednekar and Nandita Parekh enlightened the Day, Date & Time : Wednesday, 3rd February 2010, 6.15p.m.*
participants on 16 Standards on Internal Audit which are issued by the
Internal Audit Standard Board of the ICAI. Though recommendatory, these Speaker : Haribhai Kothari
Standards provide comprehensive guidelines for conduct of Internal Audit Subject : OkSjkXPk (Vairagya)
and thereby help members improve on quality, efficiency and consistency (Under the auspices of Amita Memorial Trust)
in the conduct of internal audit.
*Fellowship over a cup of tea at 5.45 p.m.
The year 2009 has been a mixed bag for India. The world’s largest
democracy voted the UPA Government to power for the second The much awaited ICAI elections are over. The attempt by BCAS to
consecutive term. India has almost come out of global recession, with strengthen the democratic process by seeking views of the candidates on
recruitments back on track and economy poised to grow at 6-7% p.a. India some of the burning issues of the profession could not be carried through
has remained one of the favourite destinations for foreign direct for reasons beyond our control. Nevertheless, the spirit of members of
investments. On the other hand, food and water shortage and inflation are BCAS cannot be dampened by such developments and BCAS will continue
worrisome. The gap between the ‘haves’ and the ‘have not’ has widened to act proactively for the betterment of the profession and its members.
leading to the conclusion that the fruits of liberalisation have not percolated
down. Let us usher in the New Year with the fond hope of more balanced
and inclusive growth for all sections of society. (Continued on page 2)

President : Ameet Patel, 98200 54854; Vice-President : Mayur Nayak, 93242 71980; Hon. Secretaries : Deepak Shah, 98201 48536; Nitin Shingala, 98200 57694; Hon. Treasurer : Nandita Parekh, 98200 79682
president@bcasonline.org vp@bcasonline.org joint.secretary@bcasonline.org joint.secretary1@bcasonline.org treasurer@bcasonline.org
P Tenth Intensive Study Course on Double Tax Avoidance Agreement ....... 19-12-2009 to 13-3-2010 ........................... Jai Hind College, Churchgate, Mumbai. ...................................... 5 A
R Study Group on International Tax Decisions .................................................. from January 2010 .................................................................................................................................................... 2 T
O Seminar on EPC Contracts ................................................................................ 8-1-2010 ........................................................ Hotel Taj President, Mumbai. ........................................................ 7 A
G Workshop on MVAT Act and Allied Laws ....................................................... 9,16,23,30-1-2010; 6,13,20,27-2-2010; ..... Maharashtra Chamber of Commerce,
R 6-3-2010 ........................................................ Oricon House, Mumbai. .................................................................. 5 G
A I.P.C.C. & Final C.A. Students’ Education Crash Courses ............................. From January 15 to March 31, 2010 ........ Sydenham College, ‘B’ Road, Churchgate. ................................... 4 L
M Computer Training Program for Senior Chartered Accountants .................. 25-1- to 30-1-2010, 1-2- to 6-2-2010, .... H.R. College of Commerce, Mumbai and BCAS ...................... 3 A
M 8,9-2-2010 N
E Workshop on Practical aspects of Five important Articles of DTAAs ............ 26-2-2010 ...................................................... Mumbai Cricket Association, Bandra-Kurla Complex, Mumbai. . 7 C
S Workshop — Unleash Your “Self” ..................................................................... 13-3-2010 ...................................................... Gulmohar Hall, BCAS ..................................................................... 8 E
7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020. Tel. Nos. : 61377600; Fax : 61377666 E-mail : bca@bcasonline.org; Website : www.bcasonline.org

BCAS Newsletter, December 2009 1


1 CYAN BLACK
Chairman : Pinakin Desai
Co-Chairman : Rajesh Kothari
Right to Information Clinic
Convenors : Dhishat Mehta BCAS Foundation operates Right to Information (RTI) Clinic on a
Sushil Lakhani
Sonalee Godbole regular basis. RTI Clinic is operated by Mrs. Hema Sampat, a
research scholar on the subject of RTI, Mr. A. K. Asher, Advocate
& RTI activist and Mr. Narayan Varma, past President, BCAS.
Course Co-ordinators : Kirit Dedhia, Rajesh Shah and Ganesh Rajgopalan

The Clinic provides help and guidance to BCAS members as also


Study Group on to non-members, i.e., all citizens, for making applications under
 International Tax Decisions the RTI Act and also assists in resolving any related difficulties
on the subject of RTI.
The current incessant and often conflicting and divergent flow of judicial
decisions in the arena of International Taxation have unsettled many of The RTI Clinic operates on every 2nd, 3rd and 4th Saturday
our understandings, making it imperative for us to keep constant track from BCAS’s office — 11 a.m. to 1 p.m.
of the developments in the field. With this objective in mind, it is proposed
The next RTI Clinic days accordingly are 19th and 26th
to set up a ‘Study Group on International Tax Decisions’ to be led by
December and 9th, 16th and 23rd January 2010. Please call
experts in the field of international taxation to have threadbare
the Society’s office (Ms. Shernaaz : 61377600) to obtain a prior
deliberations on the decisions by various Tribunals, Authority for Advance
appointment.
Rulings (AARs) and Courts (including some important decisions by
foreign courts) in the arena of international taxation.

The Study Group is a joint initiative with the Chamber of Tax Consultants.
Charitable Trust Clinic
Membership contribution for the group will be Rs.1,750 for the Calendar
The next Charitable Trust Clinic will be held on Friday, 1st
year 2010.
January 2010, from 5 p.m. to 7 p.m. in the library room of
The Study Group will start functioning from January 2010. It is proposed BCA Society at New Marine Lines.
to hold about 8 to 10 meetings in a year.
Chartered Accountants and Trustees interested in having their
This Study Group will be ideal for Chartered Accountants practising or queries solved are requested to call the Society’s office (Mrs.
specialising in the filed of International taxation and/or in industry having Mistry : 61377620) and obtain a prior appointment, latest by
to deal with non-residents on regular basis. noon on the day of the Clinic. Querists are also advised to bring
along relevant papers like trust deeds, audited accounts, etc.
Membership of the Study Group will be restricted to total of 150 members
enrolled by both the organisations on ‘First-Come-First-Enrol’ basis.
Panel of Advisors :
Enrolment form is printed on page 8.
Ratanshaw Damanwala,
Shariq Contractor,
(Continued from page 1) Gautam Nayak,
In the end, inspired by the great poet Rabindranath Tagore, I would only Anil Sathe and Atul Shah
say :
“Where the Vision is clear and Mission is dear;
Where knowledge is for all and respect for small; Accounts & Audit Clinic
Where ‘Opinions’ are out of convictions
The next Accounts & Audit Clinic will be held on Saturday, 2nd
And ‘Reports’ are based on truth;
Where the membership has not been divided January 2010, from 10.30 a.m. to 11.30 a.m. in the library
Into fragments of caste and creed; room of BCA Society at New Marine Lines.
Where corruption is at bay and honesty to stay;
Persons interested in having their queries pertaining to
Where love, faith and devotion unto Thee remain
accounting and auditing issues solved, are requested to send
Into that heaven of freedom, my Father,
the queries by email to asst.em@bcasonline.org one week in
Let my ‘Profession’ awake”.
advance and call the Society’s office (Mr. Rajaram : 61377613)
Wish you happy and prosperous New Year, 2K10. to obtain prior appointment, at least a day before the day of the
Yours truly
Clinic. Please note that the Panel will not answer any queries
pertaining to tax issues.
Mayur Nayak
Panel of Advisors :
Good people do not need laws to tell them to act responsible, while bad
Sanjeev Pandit,
people will find a way around laws.
Himanshu Kishnadwala and Jayesh Gandhi
— Greek Philosopher Plato

2 BCAS Newsletter, December 2009


2 CYAN BLACK
Programme details :
Chairman : Govind Goyal
Convenors : Nikunj Shah 1. Course Coverage :
Manish Unadkat
By HR College faculty at HR College Computer Lab
➠ Computer Fundamentals ... ... ... 2 hrs.
Course Co-ordinators : Giriraj Soni, Kamlesh Doshi ➠ Microsoft Windows ... ... ... 2 hrs.
➠ Microsoft Word ... ... ... 6 hrs.
➠ Microsoft Excel ... ... ... 8 hrs.
Computer Training Program for ➠ Internet/E-mail ... ... ... 3 hrs.
 Senior Chartered Accountants ➠ Troubleshooting ... ... ... 1 hr.
In association with HR College of Commerce Total hrs. by HR College faculty : ... 22 hrs.

Dear Senior Chartered Accountants, By BCAS faculty


Do you still depend on your computer operator to perform everyday ➠ Microsoft Word (at BCAS)... ... ... 2 hrs.
tasks like working with files in Word and Excel, checking emails, ➠ Microsoft Excel (at BCAS)... ... ... 2 hrs.
downloading information from the Internet, auditing around accounting ➠ Tally (at HR College Computer Lab) 2 hrs.
software, etc. ? Does the computer phobia still haunt you ?
Total hrs. at BCAS faculty : 6 hrs.
After the runaway success of the “Computer Training Program for 2. Venue : H.R. College of Commerce, Churchgate, Mumbai and
Senior Chartered Accountants” conducted earlier, BCAS now presents BCAS
7th batch of computer training program, specially designed for
3. Time : 6 p.m. to 8 p.m.
Chartered accountants of over 55 years in association with HR
(Except on Saturday — 2 p.m. to 6.15 p.m.)
College of Commerce, Churchgate, Mumbai.
4. Day and Dates :
This program is designed for absolute beginners who wish to learn
basic computer operations at their own pace. So if you already have 25th January to 30th January 2010 (Monday to Saturday)
working knowledge of computers, this programme is not meant for you. 1st February to 6th February 2010 (Monday to Saturday)
8th and 9th February, 2010 (Monday and Tuesday)
Programme highlights :
5. Programme fees :
Hands-on training : Complete 28 hrs of hands-on training
(including 6 hrs by practising Chartered Programme Fee Rs. 3,480
Accountants focussing on CA-relevant use of
computers). Contribution towards BCAS Foundation Rs. 20
PC for
Total Fees : Rs. 3,500
every participant : One computer per participant
CD with : Along with course material, a CD containing Note : Admission restricted to first 35 participants only, so register instantly
course material templates, files, and other readymade material to avoid disappointment.
useful to CAs will be distributed.
Enrolment form is printed on page 8.

Flash News Forthcoming Study Circle Meetings


We have immense pleasure in announcing the launch of a
Payment Gateway for our members to use. Venue : Gulmohar Hall, BCAS
For the present, the services being offered are limited to
membership, journal subscription and imprest account for existing Study Circle/Group Company Law, Accounting & Auditing
members as well as new members. Soon, the facility would be
Day, Date & Time Friday, 8-1-2010, 6.15 p.m. to 8 p.m.
extended to event enrolment also.
Now you do not have to take time from your busy schedule to Subject Accounting Standard 1 and Format of un-
visit BCAS to make a payment. Log on to our website audited financial results and Limited Review
www.bcasonline.org, enter your details and at one click you are Report thereon — Clause 41 of Listing
done with it. Agreements.
You need to login with your website Login Id and Password
and click on the online payment icon on the home page to Speaker Raman Jokhakar, Chartered Accountant
access the online payment facility.
Convenors Kunjan Gandhi and Suril V. Shah
If you encounter any difficulty in online payment, please contact
Ms. Anagha at BCAS on 61377622 or mail to edp@bcasonline.org * Restricted to members of that particular Study Circle only.

BCAS Newsletter, December 2009 3


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ADVT. 320
Bombay Chartered Accountants’ Society
7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020.
Phone : 61377600 Fax : 61377666 E-mail : bca@bcasonline.org Website : www.bcasonline.org

Human Resources Committee


Chairman : Rajesh Muni Convenors : Mukesh Trivedi, 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

I.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 2010 Examinations
1. Courses for :
C.A. I.P.C.C. C.A. Final
— Accounting/Advanced Accounting — Financial Reporting
— Business & Company Laws — Strategic Financial Management
— Cost Accounting & F.M. — Advanced Auditing
— Taxation — Corporates & Allied Laws
— Auditing & Assurance — Advanced Management Accountancy
— Information Technology & Strategic Management — Information Systems Control and Audit
— Direct Taxes
— Indirect Taxes
2. Course Co-ordinators : CA Chandrakant Ruparelia, CA B. C. Jain.
3. Fees : Rs.1500 per student for I.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 (Monday to Friday) at Sydenham College, ‘B’ Road, Churchgate.
5. Duration : From January 15 to March 31, 2010
6. Enrolment from : November 2, 2009
7. Faculty : Eminent personalities possessing rich experience in their respective fields.
For further information, kindly contact Ms. Shernaaz/Mr. Rajaram on Phone 61377600 and 61377613 respectively during office hours
at Bombay Chartered Accountants’ Society. For enrolment kindly download the form from BCAS website.

Authorised Persons within the definition of ‘Financial Institutions’ under


Section 2(l) of the said Act. As a result, in terms of Section 12 of
Contributed by the Act and the rules made thereunder, Authorised Persons are
Gaurang Gandhi required to furnish information to Financial Intelligence Unit-India (FIU-
IND) in the prescribed format.

The Reserve Bank of India has issued the following 4 Circulars during The Government of India has, vide its Notification No. 13/2009/F.No.6/
the period under report. 8/2009-ES, dated November 12, 2009, also amended Prevention of
Money Laundering (Maintenance of Records of the Nature and Value
A.P. (DIR Series) Circular No. 15, dated November 19, 2009 of Transactions, the Procedure and Manner of Maintaining and Time
A.P. (FL/RL Series) Circular No. 2, dated November 19, 2009 for Furnishing Information and Verification and Maintenance of
Records of the Identity of the Clients of the Banking Companies,
Notification No. 13/2009/F. No. 6/8/2009 — ES issued by the Financial Institutions and Intermediaries) Rules, 2005. A copy of the
Government of India, Ministry of Finance (Department of amendment Notification is annexed to this Circular.
Revenue) dated November 12, 2009.
This Circular advises all Authorised Persons (including franchisees of
Know Your Customer (KYC) norms/Anti-Money Laundering (AML)
Authorised Persons) to furnish Suspicious Transaction Report (STR)
Standards/Combating of Financing of Terrorism (CFT)/Obligation
to FIU-IND in respect of their money-changing activities within 7 days
of Authorised Persons under Prevention of Money Laundering
of arriving at a conclusion that a transaction, including attempted
Act, (PMLA), 2002, as amended by Prevention of Money
transaction, whether or not made in cash, or a series of transaction
Laundering (Amendment) Act, 2009 — Money Changing Activities
integrally connected are of suspicious nature. The formats of STR,
— Suspicious Transaction Reporting Format.
both manual and electronic, are available on the website of FIU-IND,
The amendments to the Prevention of Money Laundering Act coming viz. http://fiuindia.gov.in.
into force, with effect from June 1, 2009, vide the Prevention of
Money Laundering (Amendment) Act, 2009 (21 of 2009), has brought (Continued on page 7)

4 BCAS Newsletter, December 2009


4 CYAN BLACK
Chairman : Pinakin Desai Chairman : Pranay Marfatia
Co-Chairman : Rajesh Kothari Convenors : Toral Mathuria
Convenors : Dhishat Mehta Suhas Paranjpe
Sushil Lakhani
Sonalee Godbole

Course co-ordinators : Gaurang Gandhi, Rajesh Shah, Sunil Chaudhary


Workshop on MVAT Act and Allied Laws
Tenth Intensive Study Course on Organised by BCAS jointly with AIFTP, CTC & STPAM.
 Double Tax Avoidance Agreement Timing 2.30 p.m. to 5.00 p.m.

The 10th batch of the Intensive Study Course on ‘Double Tax Venue Maharashtra Chamber of Commerce,
Avoidance Agreement’ (DTAA) would be held from 19th December Kalaghoda, Mumbai-400001.
2009 to 13th March 2010. Delegate Members Rs.1750, Non-Members Rs.2500
fees
This intensive course would be conducted in classroom style. There
will be around 28 lectures in all, covering each article of DTAA with Date Subject Speaker
special emphasis on features like force of attraction, most favoured 9-1-2010 Inauguration & Intricate Issues under C. B. Thakar
nation and triangular cases and a test thereafter. The UN Model New Form 704 (VAT Audit Report) CA
Convention will form the basis of the course.
16-1-2010 Filing of Returns (including
Faculty will comprise senior professionals having expertise in the field E-filing & payment of taxes,
of International Taxation. This may include the following persons, Assessment Procedures, Sujata Rangnekar
Interest, Penalties & Prosecutions CA
subject to their confirmation :
Anil Doshi, Dhishat Mehta, Dilip Thakkar, Geeta Jani, Harish 23-1-2010 Power of Review, Rectification,
Motiwalla, Keyur Shah, Kishor Karia, M. P. Lohia, Mayur Nayak, DDQ, Cross-checks, Survey, Nikita Badheka
Business Audit/Refund Audit Advocate &
Naresh Ajwani, Paresh P. Shah, Pinakin Desai, Pranav Sayta, Rajan
conducted by Department Notary
Vora, Rajiv Shah, Sharad Jain, Sushil Lakhani, T. P. Ostwal, Tarun
Singhal, Vishal Gada, Vispi Patel and Yogesh Thar. 30-1-2010 Input Tax Credit & Refunds (Set-off) Kiran Garkar, CA

Dates : 19th December 2009 to 13th March 2010 6-2-2010 Intricate Issues under Works
Contracts/Lease Tax &
Time : Tuesdays and Thursdays — 6.00 p.m. to 8.00 p.m. Provisions of Composition Deepak Bapat,
Saturdays — 3.00 p.m. to 7.00 p.m. Schemes under MVAT Act Advocate

Venue : Jai Hind College, ‘A’ Road, Churchgate, Mumbai. Service Tax
Fees : Rs.6,000 per participant (including Rs.20 as contribution to 13-2-2010 Service Tax Overview, Preliminary
BCAS Foundation). Legal Provisions & Important
Definitions — S. 64, S. 65, S. 66,
Enrolment is restricted to 60 participants on first-come-first-serve basis. General Exemptions, Classifications Vikram Mehta
To give benefit of this course to a larger spectrum of members, — S. 65A, Abatements CA
enrolment would be restricted to a maximum of 7 members from the
20-2-2010 Procedures, Registration, Payment,
same organisation and additional members from that organisation Returns, Refund, Applicability of
would be kept on waiting list. They would be enrolled if vacancy is Excise Provisions to Service Ashit Shah
available prior to one week before the commencement of the course. Tax, Interest & Penalty CA

Enrolment fees are non-refundable, non-transferable and as per 27-2-2010 Construction Service including
Society’s policy, a participant is not permitted to substitute another Works Contract Services,
person. Erection & Commissioning
Services & Import & Export of
Services, CENVAT Credit & Rajiv Luthia,
Enrolment form is printed on page 8.
Import & Export of Services CA

6-3-2010 Construction Service including


Works Contract Services, Erection &
Commissioning Services, Business
You have not lived a perfect day, even though you have Auxiliary Services, Management Shailesh Sheth,
earned your money, unless you have done something Services, Business Support Services Advocate
for someone who will never be able to repay you.
— Ruth Smeltzer Enrolment form is printed on page 8.

BCAS Newsletter, December 2009 5


5 CYAN BLACK


6 BCAS Newsletter, December 2009


6 CYAN BLACK
Chairman : Pinakin Desai Chairman : Pinakin Desai
Co-Chairman : Rajesh Kothari Co-Chairman : Rajesh Kothari
Convenors : Dhishat Mehta Convenors : Dhishat Mehta
Sushil Lakhani Sushil Lakhani
Sonalee Godbole Sonalee Godbole

Course coordinators : Tarun Singhal and Anil Doshi Course coordinators : Chetan Shah and Naresh Ajwani

Seminar on EPC Contracts Workshop on


 Practical Aspects of
India has embarked on an ambitious and yet achievable growth
trajectory, more particularly in the Infrastructure sector apart from Five Important Articles of DTAAs
various other sectors of the economy. This necessitates significant
activities for construction, engineering, consultancy and related The purpose of this workshop is to deal at an advanced level with
activities for various such projects. the practical aspects of the five most important Articles of DTAAs.
This workshop would be useful for professionals practising in the field
The purpose of the seminar is to understand the various aspects of International Taxation as also to tax professionals in Industry.
relating to EPC Contracts such as legal and contracting structures,
its documentation, efficient planning, direct and indirect taxation, etc. Day & Date : Friday, 26th February, 2010
The recent judicial pronouncements and the undercurrent of inter-
Time : 9.00 a.m. to 6.00 p.m.
national practice, which have a bearing on such contracts will also
be discussed. It would be our endeavour to allow some interaction Venue : Mumbai Cricket Association,
at the Seminar. Bandra-Kurla Complex, Bandra (East), Mumbai.
Fees (each) : Rs.1,500 for members
Day & Date : Friday, 8th January 2010
Rs.2,000 for non-members (limited seats)
Time : 9.00 a.m. to 6.00 p.m. (inclusive of course material, tea, coffee & lunch and
Venue : Hotel Taj President, Mumbai. Rs.20 towards contribution to BCAS Foundation)
Fees (each) : Rs.2,500 for members
Rs.3,000 for non-members (limited seats) Topic Faculty
(inclusive of course material, morning breakfast, tea,
Articles 5 and 7 i.e., Permanent Nitin Karve
coffee & lunch and Rs.20 towards contribution to
Establishments and Business Profits C.A.
BCAS Foundation)
Article 4 i.e., Residence Kishor Karia, C.A.
Topic Faculty
Article 12 i.e., Royalty, Fees for
Introduction and legal aspects Girish Dave, Technical Services and Fees for Geeta Jani,
Advocate Included Services C.A.
Direct tax aspects (domestic and international) CA Rahul Garg Article 15 i.e., Dependent Parizad Sirwalla,
Personal services C.A.
Indirect tax aspects — (VAT/CST/Works
contract tax/Service tax) Eminent faculty Article 23 i.e., Foreign Tax Credits Chythanya K. K.,
Advocate
Practical experience from commercial and Ashish Ahuja,
legal perspective Advocate
Enrolment restricted to 125 participants on first-come-first-served basis.
Enrolment restricted to 125 participants on first-come-first-served basis. Please enrol early to avoid last minute disappointment.
Please enrol early to avoid last minute disappointment. Enrolment fees are non-refundable.
Enrolment fees are non-refundable.
Enrolment form is printed on page 8.
Enrolment form is printed on page 8.

(Continued from page 4)

A.P. (DIR Series) Circular No. 16, dated November 27, 2009 This Circular has revised certain instructions (as mentioned in the
annexure to this Circular) contained in the Memorandum of
A.P. (FL/RL Series) Circular No. 3, dated November 27, 2009
Instructions for Opening and Maintenance of Rupee/Foreign Currency
Memorandum of Instructions for Opening and Maintenance of Vostro Accounts of Non-resident Exchange Houses. This revision has
Rupee/Foreign Currency Vostro Accounts of Non-resident been made to overcome certain difficulties faced by AD Category-
Exchange Houses. I banks having Rupee Drawing Arrangements.

BCAS Newsletter, December 2009 7


7 CYAN BLACK
Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MH/MR/South-88/2009-11
Licensed to post without prepayment : Licence no. MR/Tech/WPP-158/South/09-11. Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1.

Don’t ask :
Chairman : Rajesh Muni
Convenors : Manish Sampat Who am I to be brilliant, gorgeous, talented and fabulous.
Aliasgar Kherodawala
Mukesh Trivedi
Ask :
Who am I not to be ?
Workshop
Course contents :
Unleash Your “Self”
(1) Stress management — Learn to manage stress before it be-
 Work more efficiently and gins to manage you. This is achieved by combining the vedic
get better productivity aspects of meditation and modern techniques of transforma-
tional vocabulary.
It is achieved with Relaxation, Visualisation and Affirmation. (2) Decision making — Decisions are a part of life at every nook
and corner, learn how to analyze your thoughts and take that
Day & Date : Saturday, 13th March 2010 decision now.
Time : 9.00 a.m. to 5.30 p.m. (3) Art of Forgiving — The biggest baggage we carry is the one
Venue : Gulmohar Hall, BCAS within us. Learn how to lighten this burden through mental and
physical house cleaning.
Faculty : Ramnath Iyer, C.A.
(Founder of Iyers’ Leadership Programme — Unique Unleash your full potential and get liberated from your fears.
RVA Model. An experienced faculty since 20 years in
training who has boosted confidence and self esteem Participation fees : Rs.1,250 per participant
of people.) (includes Rs.50 for contribution to BCAS
Foundation, cost of breakfast, tea, lunch and
Why ? course material.)
Our biggest fear is not that we are inadequate. Our deepest fear is (Maximum enrolment will be of 30 participants).
that we are powerful beyond measure. It is our light and not darkness
that frightens us. Enrolment form is printed below.

 CUT HERE  CUT HERE  CUT HERE   CUT HERE  CUT HERE  CUT HERE 
Combined Enrolment Form
 wherever applicable
WORKSHOP : SEMINAR :
Workshop on Practical aspects of five 26-2-2010 Rs.1,500 for member .................... Seminar on EPC Contracts 8-1-2010 Rs.2,500 for member ................
important articles of DTAAs Rs.2,000 for non-member .............
Rs.3,000 for non-member ........
Workshop on MVAT Act and Allied Laws 9-1-2010 Rs.1750 for member ..................... COURSE :
(onwards) Rs.2500 for non-member .............. Tenth Intensive Study Course on DTAA 19-12-2009 Rs.6,000 ......................................
to 13-3-2010
Workshop — Unleash Your “Self” 13-3-2010 Rs.1,250 ..........................................
Study Group on International Tax Decisions from Jan. 2010 Rs.1,750 ......................................
Computer Training Program for Senior CAs from 25-1-2010 Rs.3,500 ......................................

Name : ...................................................................................................................................................................................................................................................................
Address : ...............................................................................................................................................................................................................................................................
E-mail : ................................................ Mobile : ........................................................... Tel. : ........................................................ Fax : ........................................................

BCAS Memb. No. : ............................ Tel. (O) : ........................................................ Tel. (R) : ................................................. Fax : ........................................................
Choice of food (wherever applicable) ................ Jain Non-Jain

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


dated .................................... for an amount of Rs. ................................................................................ is enclosed.

Date : ............................... (Signature)

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.
Kindly note that the cash counter timings are from 10.30 a.m. to 5.30 p.m. on Monday to Friday and 10.30 a.m. to 1 p.m. on Saturday. The lunch
time is 1 p.m. to 2 p.m. Members are requested to co-operate in this regard.

8 BCAS Newsletter, December 2009

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

8 CYAN BLACK