AHMEDABAD CHAPTER OF EDITORIAL BOARD COST ... …icwaiahmedabad.com/newsletter/November-2012.pdf · CMA Ashish Bhavsar Treasurer 402/403, Shoppers’ Plaza - III, 4th Floor, Opp

Dear Professional Colleagues,

It is my pleasure to communicate with you, of course, after a

gap of time.

The year was full of events and activities at Ahmedabad

Chapter. Programs on IFRS, Negative list on Service Tax,

latest development on The Companies Cost Accounting

(Records) Rules, 2011, The Companies Cost Accounting

(Report) Rules, 2011 and their applicability were organized.

Study circle programs on various circulars issued by Cost

Audit branch, Ministry of Corporate Affairs, New Delhi in connections with the

above orders were also organized. The program on XBRL and Felicitation function

of newly elected President CMA Rakesh Singh and Vice President CMA S. C.

Mohanty of our institute, CMA S. S. Shah-Chairman and, CMA Ashish Thatte-Vice

Chairman of WIRC and Shri B. B. Goyal-Advisor (Cost), New Delhi were th

organized on 9 September, 2012 at Hotel Fortune Landmark and were attended

by a very large no. of our members.

thNew Batch of Oral Coaching was inaugurated on 15 June, 2012 by CMA Nitin

Parikh and the prizes were also distributed to the meritorious students of the

previous exam.

I am very happy to inform all of you that the strength of our members has crossed

500 mark. Number of practicing Cost Accountants has doubled in one year due to

increasing professional opportunities as a result of various orders and

notifications of Cost Audit Branch, Ministry of Corporate Affairs, New Delhi. There

is one more opening for Practicing Cost Accountants. They can certify various thdocuments as per notification No. 22(RE-2012)/2009_14 dated 11 October,

2012under Foreign Trade Policies.

nd rdRegional Cost Conference of Western Region was organized on 2 & 3

November, 2012 at Goa on the theme of “Strategies for value creation-CMA's

Role.”

CMA V.H. SavaliyaCMA Hetal ShahCMA A.G. DalwadiCMA Malav Dalwadi

EDITORIAL BOARD

OFFICE BEARERS2012-2013

News Letter November - 2012

IDEALS THE INSTITUTE STANDS FOR

To develop the cost and management Accountancy Profession.

To develop the body of members and properly equip them for function.

To ensure sound professional ethics.

To keep abreast of new development.

INSTITUTEHEAD QUARTERS

12, Sudder Street, Kolkata - 700 016.

Regional OfficeWIRC OF ICWAI

Rohit Chambers, 4th Floor, Janmabhoomi Marg, Fort, Mumbai-1.

CHAPTER OFFICE

Continued on Page 6

AHMEDABAD CHAPTER OF AHMEDABAD CHAPTER OF COST ACCOUNTANTS OF WIRC OF ICAICOST ACCOUNTANTS OF WIRC OF ICAI

AHMEDABAD CHAPTER OF COST ACCOUNTANTS OF WIRC OF ICAI

November-2012 Page - 1

CMA P.H. DesaiChairman

CMA R.B. KothariVice Chairman

CMA V.H. SavaliyaSecretary

CMA Ashish BhavsarTreasurer

402/403, Shoppers’ Plaza - III, 4th Floor, Opp. Municipal Market,

C.G. Road, Navrangpura, Ahmedabad-380 009. Tele : 079-27540561 Tele/Fax : 079-26403616

E-mail : [email protected] / [email protected] Timings : 12.15 pm to 8.30 pm

Ahmedabad Chapter of Cost Accountants of WIRC of ICAI

Managing Committee of Ahmedabad Chapter Wishes to all members & their families...

and a Prosperous New Yearand a Prosperous New Yearand a Prosperous New Year

“Education is an ornament in prosperity and

a refuge in adversity.”

View of Participants members in46th AGM of Ahmedabad Chapter at Hotel President on 7th June, 2012

On Dias- L-R - CMA V H Savalia, CMA R B Kothari, CMA Ashish Bhavsarat 46th AGM of Ahmedabad Chapter at Hotel President on 7th June, 2012

View of Students in Inauguration Function of June-2012 Batch at

Haribhai Charitable Trust Auditorium on 15th June, 2012.

Speech of Chief Guest Shri Nitinbhai Parikh atInaguaration function of June-2012 Batch at

Haribhai Charitable Trust Auditorium on 15th June, 2012.

PHOTO GALLERY

CEP Program on Service Tax on 28th June, 2012Offering Boquet and Momento to CMA A B Nawal (Faculty)

by CMA Uttam Bhandari

CEP Program on Service Tax on 28th June, 2012Offering Boquet and Momento to CMA Sanjay Bhargave (Faculty)

by CMA P D Modh

Page - 2Ahmedabad Chapter of Cost Accountants of WIRC of ICAI November-2012

53rd AGM of WIRC on 28th June, 2012 at AhmedabadOn Dias - Office bearers of WIRC - L - R - CMA S S Shah,

CMA Vijay Joshi, CMA Ashish Thate, CMA Neeraj Joshi

53rd AGM of WIRC on 28th June, 2012 at Ahmedabad Speech of WIRC-Chairman CMA Vijay Joshi

Managing Committee Meeting of WIRC at Ahmedabad on 29th July, 2012

Election of Chairman-WIRC for 2012-13 at Managing Committee Meeting at Ahmedabad on 29th July, 2012

Ex-Chairman of WIRC CMA Vijay Joshi handing over charge to New Chairman CMA S S Shah

Page - 3Ahmedabad Chapter of Cost Accountants of WIRC of ICAI

Group Photo of WIRC Managing Committee Members and Executive Committee Members of Ahmedabad Chapter

with Chairman of WIRC at Ahmedabad on 29th July, 2012

Seminar on XBRL and falicitation function at Hotel Fortune Land Mark, A’badon 9th Sept, 2012 On Dias - L-R Chairman of Ahmedabad Chpater CMA P H Desai,

Vice President of ICAI CMA S C Mohanty, Chief Guest Shri B B Goyal (Advisor - Cost), President of ICAI CMA Rakesh Singh, Chairman of WIRC CMA S S Shah

and Secretary of Ahmedabad Chapetr CMA V H Savalia

November-2012

PHOTO GALLERY

View of Participants in Seminar on XBRL and falicitation function at

Hotel Fortune Land Mark, A’bad on 9th Sept, 2012


Lighting of Lamp by President of ICAI - CMA Rakesh Singhat

Seminar on XBRL and falicitation function at Hotel Fortune Land Mark, A’bad on 9th Sept, 2012

Presentation on XBRL by CMA A G Dalwadi - Past CCMin Seminar on XBRL and falicitation function at


Welcome speech by Chairman of Ahmedabad Chapter CMA P H Desai on Faclicitation Program at


Felicitation of President of ICAI CMA Rakesh Singh by Chairman of Ahmedabad Chapter CMA P H Desai

on Felicitation Program at Hotel Fortune Land Mark, A’bad on 9th Sept, 2012

Offering Bouquet to President CMA Rakesh Singh by CMA Ashish Bhavsar, Treasurer of Ahmedabad Chapter

atSeminar on XBRL and falicitation function at


November-2012

PHOTO GALLERY

Falicitation of Vice President of ICAI CMA S C Mohanty by Ex-Chairman of Ahmedabad Chapter CMA S C Shah

at Seminar on XBRL and falicitation function at Hotel Fortune Land Mark, A’bad on 9th Sept, 2012

Falicitation of Chairman-WIRC CMA S S Shah by Vice Chairman of Ahmedabad Chapter CMA R B Kothari

at Seminar on XBRL and falicitation function at Hotel Fortune Land Mark, A’bad on 9th Sept, 2012


Falicitation of Shri B B Goyal by Ex-CCM CMA A G Dalwadiat

Seminar on XBRL and falicitation function at Hotel Fortune Land Mark, A’bad on 9th Sept, 2012

Falicitation of Vice Chairman-WIRC CMA Ashish Thate by Secretary of Ahmedabad Chapter CMA V H Savalia

in Seminar on XBRL and falicitation function at Hotel Fortune Land Mark, A’bad on 9th Sept, 2012

Group photo of Interviewing panel L-R - CMA Nikunj Shah, CMA H C Shah, CMA R B Kothari, CMA P H Desai and CMA Hetal Shah

Mock Interview session under Industry Oriented Training program for Final Students

View of Participants Students at Mock Interview session under

Industry Oriented Training program for Final Students

November-2012

PHOTO GALLERY

Page - 6

WELCOME TO NEW LIFE MEMBERS2011-2012

Continued from page - 1

1 SANJAY BORAD 2 ANKIT D.SHAH 3 ALIRAJA A.AGHARIYA 4 URVISH PANCHAL 5 URJEET P. MODI 6 LALITKUMAR A.PATEL 7 MANTHAN SHUKLA 8 BHARAT P.PATEL 9 MUKESH R.DUBE 10 BHAUMIK GAJJAR 11 AMRUTA ADHARYU 12 GAJJAR VISHAL C. 13 ASHISH U.PATEL 14 MAYA SHARMA 15 MITESH PRAJAPATI 16 SONU KEWLANI 17 HARI NARAYAN RAI 18 SANKET PATEL 19 NARENDRA JAIN 20 SHASHIN RAVAL 21 ANIL ARODA 22 PATEL PAREN G. 23 PRAKASH SAJNANI

WELCOME TO NEW LIFE MEMBERS2012-2013

1 CHIRAG B.MODH 2 MEHUL J.DANAYAK 3 ANUJ AGGARWAL 4 BHAVESH P.THACKER 5 RAJESH SHAH 6 AVANI C.THAKKAR 7 VISHAL A. YAGNIK 8 HASMUKH K.MODI 9 SUNIL R.RATHOR 10 KAUSHAL K. GANGADIYA 11 ANAMIKA GUPTA 12 MOHSINALI J.MOMIN 13 KALPESH J.PATEL 14 VIPIN NAMDEO 15 RAMCHANDRAN V.PILLAI 16 NIKESH MEHTA 17 RIKIN J.DESAI 18 AJAYKUMAR JAISINGH 19 NEHA BAKLIWAL 20 MUKESH C.MALAVIYA 21 MITAN BAMBHROLIYA 22 DEVANG D.JADEJA 23 NILESH D.PARMAR 24 MONTU M.RANK 25 PALAK B. SHAH 26 DHAVAL R.PATEL 27 MUKESH A.DARJI 28 SUNIL G.PATEL 29 AMIT L. PATEL

Ahmedabad Chapter of Cost Accountants of WIRC of ICAI November-2012

Our chapter is going to organize 6-7 Investor Awareness

Programmes in Ahmedabad and North of Gujarat as per

the directives from Ministry of Corporate Affairs.

There are lots of changes concerning students in Short

and Long Term. Our institute has introduced students

training programme for Intermediate, Final and Final th

pass Students, who are enrolled after 6 December,

2011. We have already started organizing Training

Programs for Inter and Final Students. The Revised

Syllabus, 2012 is also announced by our institute which th

will be applicable to the students to be enrolled after 30

November, 2012.

We have maintained the strength of the students

and we are constantly working on improving teaching

quality. Results of the recent exams are below the

expectations. However, I congratulate all the successful

students. I appeal all those successful students to

become members of our Chapter and Institute. I also

appeal and welcome those Cost Accountants, who are

yet not member of our Chapter, to become member of

our Chapter.

I appreciate the efforts and whole-hearted

support of my Executive and Managing Committee

members in the activities of our chapter and also in the

development of the profession and chapter.

54th National Cost Convention, 2013 is th th

programmed on 18 and 19 January, 2013 at Gujarat

University Convention & Exhibition Centre,

Ahmedabad. I request all the Professional Colleagues

to participate in the event, being organized first time in

Ahmedabad. We need your whole-hearted support in

organizing the Mega event as well as in the form of

part ic ipat ion, sponsorship of delegates and

advertisements.

I, myself and on behalf of Managing Committee

members wish you and your family members a “Very

Happy Diwali and Healthy and Wealthy New Year”.

We shall wait for all of you at Diwali Get-to-gather th

function on 24 November, 2012. Please register well in

time to help us for better arrangements.

Thanks.

With Warm Regards,

CMA P. H. DESAI


FINAL COMPLETE PASS - STUDENTS

JAY H. THAKKAR MANISH AGRAWAL NARAYAN PRAJAPATI VALENS NORBERT FERNANDES NIRAV D.SHAH NAWANI RESHMA LALIT NANDLAL Y. GUPTA RAKESH B.DARJI NARENDRA R.GULANI DHAVAL R.PATEL

BHAVESH CHAWLA POOJA BHARWANI REKHA S. SAJNANI SHIVANGI LAKHATARIYA VIDEH TRIVEDI DHRUV R. RAVAL KARTIK R.LILA SOHAL M. KAUR

ANKIT N. SHETH KINJAL B. SHAH RIKIN J. DESAI HITESH L. VAGHELA BHAVIK SATPUTE JAY K. VYAS HARSHAD G. PATEL MONIKA S. SHARMA UPASANA AGRAWAL TAMANNA SHAH

FINAL PASS - GROUP III

ARPIT V. PATEL MOMIN MUBARAKBHAI R. FETAWALA TEJAS R. MOHAMMADMOIN Y. SHAIKH KAUSHIK H.GONDALIYA JUNEDBHAI A.SHAIKH PUJA BHAVSAR PRADIP A. KHANDARE HARSHIL H.SHAH RAHUL R.BANDIWADEKAR HIREN T.KRIPLANI SHARUKKHAN S.KURESHI RAVI K.SHAH HIREN B. DHOLAKIA BRIJESH V.VYAS NIKUNJ A. NAVADIYA RIDDHI BHATT MITESH J. MAKWANA

DARSHIL H. PADHARIA JANAK .B.PATEL DHAVAL PESHAVARIA DHAVAL G. SHAH JAY J.TRIVEDI LAVINA BHAMBHANI POOJA BHATIA YASH H. SHAH SUNNY R. JAIN MONIL D. SHAH CHAITANYA M. PADIA BHUMIT D.SHAH HARISH S. GANVIT AKSHAT H. RAVAL ASHWADEEP H.RAI ALPABEN B. KOTADIYA DIPTI A. SUKHADIYA

SUNIL K. AHUJA JAIMIN J. PANDYA JITESH M. VAISHNAV TEJASH L. MEHTA NIKITA S. SHAH BHOOMI R. PATEL JAYMIN K. BHAGATIYA EKTA A. MODI SAUMIL P. MEHTA JAY M. MODH DARSHIT B. PATEL NIKUNJ G. THAKKAR PRAGNESH S. DARJI MAKHIJA BHARTI G. ZALAK V.SHAH CHINTAN H. GOHEL KETAN B. METHANIYA PATEL RAJAN S.

FINAL PASS - GROUP IV

RAJESH C.VAMJA HARSH KANTILAL PRAJAPATIJAYDIP S.MAKWANA

ICAI RESULTS - JUNE - 2012

November-2012


INTER COMPLETE PASS

KINJAL BEN V. KHAKHRIYA SHRIPAL B. BHAVSAR SAGAR S. PATEL ROMABEN D. KATHROTIA GAYATRI M.PATEL PARAG V. PATEL RAJPUROHIT SHIVDARSHANSINH SULABHA R. PADIA RITESH KUMAR VANRAJSINH R. KHER RAHUL MOGHARIYA PRASHANT M.PATEL MANSI M.DOSHI NAVEEN KUMAR JAIN GANESH R.PANCHAL SHAIKH IQBALHUSSAIN M APARNA BHONDE ALPESH A.DESAI ANKIT P. THAKKAR DIVYA MAHESHWARI JASMIN D.KHATRI SAGAR M. KAPADIYA NILESH P. GIDHWANI HITESH M. MEPANI DRASHTIBEN GADHAVI SAGAR D.SHAH JIGNA G.MACHCHHAR SHANTANU NEEKHARA AJESH OMANAKUTTAN LAVINA P. KOTHARI SHAIKH SHANAPARVIN A. RAJNISH M.TARPARA DIPEEKA M.PATEL URVI D.PUROHIT KRUNAL D.THAKKAR SALONI N.SHAH YOGITA D.AGRAWAL NAYAN B.PANCHAL BHUMIKA B.MODI ARCHA A.PANCHAL NIRAV V.PRAJAP[ATI YASHASWINI PARESH VAIDYA PRADIPSINH M.CHAVDA

ABHISHEK GAUTAMCHAND KANCHAN BHOJWANI HARDIK B.SHAH SHAH JAY V. MAULIK A. SHAH PRAJAPATI TUSHAR MALAVIYA RENUKA ARCHANA KUMARI KHUSHBOO M.JAIN HIRO M.DHOLANI DEEPAK L.LALA SAURABH MADAN SHAH KRUNAL D. PATEL PRINCE SHAH NAMRATA PATEL ALKESH RINKU THAKKAR SATHWARA JIGNASHA SONI HARSHUL GOR ROHAN DIPEN R.SHAH VACHHETA MANISH MANDALIYA NISHANT SUDANI INDRESH LUHAR KAMLESH MEET KAPADIA RANA SWETA PATEL KRUNAL G. JALPA D. BRAHMBHATT RUCHITA H. PARIKH JINAL P. PATEL PATEL VRUSHALI S. SHASHANK D. PUROHIT VATSAL JAISWAL KHUSHBU S. MEHTA CHAUHAN GUNJAN D. DEVANG A. SHAH DESAI AMIT P. MOHNANI TEENA S. PATEL ASHISH K. BHARAT S. PRAJAPATI NISHANT R. SHAH KULDIP IYAVA

TEHSINKHAN Y.PATHAN BINITA V.PRAJAPATI YAGESH LAKHOTIA SACHEEBEN PATEL DHRUV S. PARIKH NEHAL J.MODI RAVI D.TRIVEDI DIVYA H.MOTIANI NIMBARK NILESH MUKESH JAIN LANGALIA HARDIK P. VADECHA VIPUL M. PARMAR HARSHIL R. DHRUVIN P. SHAH ASHWANI DIPEN D. UTSAV J. MAJITHIYA DHAMECHA JIGNESH VANIYA JAYESH DWARKESH R. RADADIYA NILESH M. PARIKH NIKUL M.PATEL DIVYESH K.JOSHI SUNIL J. TEJWANI RUSHIKA J.DABHI BHARTI L.SAHIJWANI SHAH PANKIT T. UNDHAD MAYUR C. KARISHMA DATWANI PANKAJ K. MODI SARATKUMAR ASURI SHAH HARSHIL S. UJAL S. MEHTA DARSHAN M. PATEL RUTVIK P. SHAH AGHARIYA ABIDALI A. SACHIN B. PATEL VISHVESH D. RAVAL HARDIK K. AMBALIYA SENGUDAR JAYKRISHNA AMIT S.SHAH VIJAY H.PRASAD VERMA JYOTIBEN SHARMA ASHISH P.

INTER PASS - GROUP I

RAJESH C.PRAJAPATI MANTA BHARAT A. JYOTI M. JADEJA PARTH M.VAKIL KADIA KRUNAL K. NILESH G. SOLANKI

METHANI BHARTI S. PARATHIK P. JOSHI JAY D.SUTARIA VIMAL H. THAKKAR KHUSHBOO SURANA

NISHARG P. DESAI SANTOSH YADAV NITIN H. DEVARIYA SUTHAR SANOJ P. TANK MILAP J. SHIVNARESH GAGGAR

November-2012



INTER PASS - GROUP II

ANKIT D. PATEL OZA KUNAL H. BHATTI DISHA RAJESH HANDA NARESH PRAJAPATI KORINGA AJAY J. AGHARIYA M.A. RAVINDRA H. MANVAR MODI RAHUL K. RASHMI N. PATIL BHATT SONAL D. ALAY D. MODI KETAN P. CHAVDA PATEL MOHIT J. KHATRI DIPEN U. KINJAL H. DARJI MANSHUKH BHARWAD MITTAL BHAVSAR POOJA V. SHAH ASHVIN J. CHAUDHARI RAVINDRA JAIN MAKWANA PRASHANT J. HARSH B. SONI PATEL VIMAL M. SHAH MAULIK N. HEENA J. AMBWANI ABDHI H. SHAH SHUKLA PRASHANT U. HITEN C. PARMAR DOBARIYA CHIRAG B.

PATEL BHAVIK A CHARMI V. GUDHKA JAYANI MANISHA A JAY C. PALEJA SHAH HARSH K. PATEL GAURANGI N NIMISHA THAKKAR MUNTASIRALI R VAKALIYA SHAH ZALAK H RAJPUT KIRIT P BHIMANI KALPESH DHAWANI HIMAT SHAH JAYANI DHARA A VADGASIYA DIPAK A JAYESH N. SHAH NIKETA A SINGH PARESH P GELOT RINKU G YADAV GOPAL B MORI PANCHANI DEEPAK R PATEL PRADEEP P KETUL D PANCHAL NITIN S MAURYA PATEL NIRAJ P JINWALA PRANAV A HARDIK G MUCHHADIYA RATHOD ROHIT S. BALVANT SING DEVADA SACHIN V. SHARMA KHUSHBU J. MODI ANKIT NAGAR

RAZZAK I.MARU RAJAT RAJESH BOTHRA RINKAL N. RAKHOLIYA PRAJAPATI TEJABEN H. DERASARI NIKUL A. PRATIK D.PATEL PARTH R. PATEL TEJASH R. PATEL PRATIK S. PAREKH ANAND R. PATEL WASIF NARMAWALA VEKARIYA CHIRAG ANJU R. CHAUDHARY SHAH TWINKAL N. ANKUR R.SHAH PRAJAPATI PRATIK V. VIKRANT S. THAKER THORIA NIDHI GAURAV S. SONI ANKITABEN D.PATEL BHUMI N. SHAH ANURAG B. SOMANI SABUGAR SHEHBAJBANU JAINAM M. SHAH SANJEEV GUPTA HEMANT MISTRI ADESHARA ABHISHEK PRAJAPATI RAKESH H. ALI AKABAR GAJIPURWALA DISHANT PARMAR

FOUNDATION PASS

BANANI SAIKIA JEEL N.PATEL SWARNA S. SONI DHAVAL M.PRATAP PARITA C.PANCHAL ASHIL P. SHAH JATIN C. JOGANI RICHA SHAH AJAY P. PATEL DARSHAN K. PARMAR HARSH K. GANDHI AVISHA JAIN ADITYA C. JADAV

PIYUSH G. LIMBASIYA SEJAL D.SHAH MUKESH V. MALI PRIYABEN R.PATEL VISHAL V. SHAH DHRUPAD M.ACHARYA HIRAL A.JOSHI AAYUSH S. SHAH AASHNA NIRAJ SHAH BHAVIN G.SHAH VINITA A.HINDUJA RIDDHI K. DAVE MOHIT J. MIYATRA MAULI S. THAKER

PINALI V.SONI JALPABEN C.PRAJAPATI AMIT K. RATHOD SHIVANG B. BRAHMBHATT KARDAM H.PANDYA DEEPAK P. GIDWANI KARTIK R.AJMERA SHELADIYA HEMANGI S. PRAGNESH H.PATEL UMESH S.TANK ANJALI J. PARMAR URVIN P.SHAH DEVANG H. MODI

November-2012



CMA P D Modh

Emotional Intelligence for Executive

Executives who are professional either in job or practice are well aware about IQ which is very essential to get job but EQ is also very important for development and happiness for the working professional. It is said IQ is more or

less static while EQ can be improved at any age and under any circumstances. EQ will help working professional to be healthy, calm and productive. Anyone who wishes to have stress free productivity must understand and develop Emotional Intelligence. This subject is new but scientific. Anyone can learn and apply in his personal and professional life.

Most of the people believe that love, anger, sadness, enviness, anxiety are natural and cannot

manage. EI proves that it can well

manage like other resources. EI will directly improve health, business and relations, which are very mych requirement for success in personal and professional life.

Meaning of “Emotional Intelligence is the ability to sense, understand, and effectively apply the power and acumen of emotions as a source of human energy, Information, connection, and influence.”

Components of EI

Stages of Emotional Intelligence

(I)

Emotional Literacy

(II) Emotional Fitness

�

Emotional honesty

�

Emotional Energy

�

Emotional Feedback

�

Emotional connection

�

Authentic Presence

�

Trust Radius

�

Constructive discontent

�

Re-silence & renewal

(III)

Emotional Depth

(IV) Emotional Alchemy

�

Potential and Purpose Commitment

�

Applied integrity Influence without authority

�

Intuitive flow reflecting time shifting

�

opportunity sensing creating future.

Self-awareness Social Awareness

Self Management

Social Relationship

November-2012


Changes in Emotions

Strategies

for Managing Emotions

Self Awareness

Self Management

Social Awareness

Social Relationship

�

Don’t treating your feeling good or bad

� Breath right

�

Greet people by name

�

Be open and be curious

� Feel your emotion physically

� Create emotion V/s. Reason List

� Watch body language

� Avoid giving mixed single

� Keep a journal about your emotions

� Count to ten � Plan ahead for social gathering

� Build trust

�

Visit your

value �

Sleep on it

�

Live in the moment

�

When you care, show it

�

Stop and ask yourself why you do the things

�

Smile and laugh more

�

Seek the whole picture

�

Explain your decision

�

Take control your self

�

Speak to some one who is not emotional

Developing of EI is the demand of the hour. Without it strength, intelligence and smartness is less effective for the success in both personal and professional life.

HAPPY

SAD

ANGRY

AFRAID

ASHAMED

High

Excited over joy

Depressed Hurt

Boiling Betrayed

Homified panic

Sorrowful Dishonoured

Medium

Cheerful Satisfied

Lost Malancholy

Mad Frustrated

Insecure

Un-easy

Apologetic Guilty

Low

Glad Pleased

Unhappy Upset

Annoyed Resistant

Cautious Nervous

Silly Regret

November-2012


General Circular No. 8/201252/17/CAB-2011

Government of IndiaMinistry of Corporate Affairs

Cost Audit Branch 'B-1' Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi - 110 003 Dated the May 10, 2012 To, The President, Institute of Cost Accountants of India, 12, Sudder Street, Kolkata - 700 016

Subject: Filing of Cost Audit Report (Form-I) and Compliance Report (Form – A) in the eXtensible Business Reporting Language (XBRL) mode.

Sir,It has been decided by the Ministry of Corporate Affairs to mandate the cost auditors and the companies to file Cost Audit Reports (Form-I) and Compliance Reports (Form-A) for the year 201-12 onwards (including the overdue reports relating to any previous year) by using the XBRL taxonomy. These reports, required to be filed in the XBRL format, would be based on the Taxonomy on XBRL being developed for the formats (Form-I & Form-A) given in the following Rules: (I) Companies (Cost Accounting Records) Rules, 2011 (ii) Cost Accounting Records (Telecommunication Industry) Rules 2011 (iii) Cost Accounting Records (Petroleum Industry) Rules 2011 (iv) Cost Accounting Records (Electricity Industry) Rules 2011 (v) Cost Accounting Records (Sugar Industry) Rules 2011 (vi) Cost Accounting Records (Fertilizer Industry) Rules 2011 (vii) Cost Accounting Records (Pharmaceutical Industry) Rules 2011 (viii) Companies (Cost Audit Report) Rules, 2011

2. Hence, all cost auditors and companies, which are liable to file Cost Audit Reports (Form-I) and Compliance Reports (Form-A), are requested to file their reports with the Central Government after 30th June, 2012 in the XBRL mode by which time the relevant taxonomy together with Form-I & Form-A in XBRL format is likely to be ready and notified.

3. The Institute is requested to circulate this General Circular for the information of all concerned.

(B.B Goyal) Adviser (Cost) Tel: 011-24366005Copy to:1. E-Governance Cell, Ministry of Corporate Affairs, Shastri Bhavan,New Delhi with a request to upload this circular on the MCA's website. 2. All Regional Directors / Registrars of Companies 3. PS to CAM / PS to MOS 4. PS to Secretary / Special Secretary 5. PS to Joint Secretary (A) / Joint Secretary (R) / Joint Secretary (M) 6. PS to DII (DR) / DII (Policy) 7. PS to Economic Adviser

November-2012


F. No. 52/26/CAB-2010

Government of India

Ministry of Corporate Affairs

Cost Audit Branch

**

B-1 Wing, 2nd

Floor,

Paryavaran Bhavan,

CGO Complex, Lodi Road,

New Delhi-110 003

Dated the 24th

January, 2012

ORDER

In exercise of the powers conferred by sub-section (1) of section 233B of the Companies

Act, 1956 (1 of 1956), the Central Government, being of the opinion that it is necessary to do so,

hereby directs that all companies to which the Companies (Cost Accounting Records) Rules, 2011

apply, and which are engaged in the production, processing, manufacturing or mining of the following products/activities, including intermediate products and articles or allied products thereof, and wherein the aggregate value of the turnover made by the company from sale or

supply of all its products/activities during the immediately preceding financial year exceeds

hundred crore of rupees; or wherein the company’s equity or debt securities are listed or are in

the process of listing on any stock exchange, whether in India or outside India, shall get its cost

accounting records, in respect of each of its financial year commencing on or after the 1st day of

April, 2012, audited by a cost auditor who shall be, either a cost accountant or a firm of cost

accountants, holding valid certificate of practice under the provisions of Cost and Works

Accountants Act, 1959 (23 of 1959).

Sno.

Name of the Industry

Relevant Chapter Heading of the Central Excise

Tariff Act, 1985

1. Jute, cotton, silk, woolen or blended

Chapters 50 to 63

fibers/textiles

2.

Edible oil seeds and Oils

(incl.

Chapters 12 and 15

vanaspati)

3.

Packaged food products

Chapters 2 to 25 (except Chapters 5, 6, 14, 23

and 24)

4.

Organic & Inorganic Chemicals

Chapters 28, 29, 32, 38 and 39

5.

Coal & Lignite

Chapter 27

6.

Mining & Metallurgy of ferrous & non-

Chapters 26 and 74 to 83 (except Chapters 76

November-2012


Sno.

Name of the Industry

Relevant Chapter Heading of the Central Excise

Tariff Act,

1985

ferrous metals

and 77)

7.

Tractors & other motor vehicles (incl.

Chapters 84, 85 and 87

automotive components)

8.

Plantation Products

Chapters 8, 9, 21 and 40,

9.

Engineering machinery (incl. electrical

Chapters 84 and 85

& electronic products)

Notes:

(a) Intermediate or final products and articles or allied products of above industries if included

under any other Chapter of the Central Excise Tariff Act, 1985 not mentioned above shall also be

covered under these orders.

(b) Items falling under above Chapter references exclude those products that have been already

covered vide cost audit orders dated 2nd May 2011 and 30th June 2011.

(c) Products falling under above Chapter references are to be considered against the respective

industry as applicable.

2. Every company to which these orders apply shall follow the revised procedure for

appointment of cost auditor as laid down vide Ministry of Corporate Affairs’ General Circular No.

15/2011 dated 11th April 2011.

3. The audit shall be conducted in such manner as will enable the cost auditor to prepare the

report in accordance with the Companies (Cost Audit Report) Rules, 2011 published vide G.S.R.

430 (E) dated 3rd

June 2011. The report of the cost auditor shall be forwarded to the Central

Government in the prescribed format within the time stipulated under the said Rules.

4.

In view of issue of industry specific cost audit orders, all company specific cost audit

orders issued to the individual companies prior to 31st March, 2011 directing them to get their cost

records audited for the products/activities specified in such orders stand withdrawn with effect

from the financial year commencing on or after the 1st

day of April, 2012.

5.

All companies who were earlier issued company specific orders prior to 31st March, 2011

but are later covered either by this industry specific order and/or by earlier similar orders dated 2nd

May 2011 or 30th

June 2011 [subject to their meeting with the qualifying criteria mentioned

therein]

shall now comply with the industry specific orders, as applicable, replacing the earlier

company specific order.

6.

All companies wherein this industry specific cost audit order and the similar orders issued

on 2nd May 2011 and 30th June 2011 are not applicable but their products/activities were covered

under the company specific cost audit orders issued prior to 31st

March 2011 shall comply with the said

company specific orders before their withdrawal becomes effective i.e. for all financial years prior to

the financial year commencing on or after the 1st

day of April, 2012.

7.

If a company contravenes any provisions of these orders, the company and every officer

November-2012


thereof who is in default, including the persons referred to in sub-section

(6) of section 209 of the

Companies Act, 1956, shall be punishable as provided under sub-section (2) of section 642 read with

sub-section (11) of section 233B of the Companies Act, 1956 (1 of 1956).

8.

These orders are subject to clarifications issued vide Ministry of Corporate Affairs’

General

Circular Nos. 67/2011 and 68/2011, both dated November 30, 2011.

(B.B.Goyal)

Adviser (Cost)

Copy to:

1.

E-Governance Cell, Ministry of Corporate Affairs, Shastri Bhavan, New Delhi with a

request to upload this order on the MCA’s website.

2.

The President, Institute of Cost and Works Accountants of India, 12, Sudder Street,

Kolkata -

700016 with a request to bring this order to the general information of all

Members in practice and of the corporate sector.

November-2012

We invite all the Professional Colleagues We invite all the Professional Colleagues to participate in theto participate in the

Mega event being organized Mega event being organized for the first time in Ahmedabadfor the first time in Ahmedabad

We invite all the Professional Colleagues to participate in the

Mega event being organized for the first time in Ahmedabad

54th National Cost Convention, 2013

on 18th and 19th January, 2013at

Gujarat University Convention & Exhibition Centre, Ahmedabad.

We solicit your whole-hearted support

in organizing the event

and in the form of participation, sponsorship of delegates

and advertisements.

- “Managing Committee of Ahmedabad Chapter”

For Private Circulation Only

To,

If undelivered, Please Return to :The Secretary,

Ahmedabad Chapter of Cost Accountantsof WIRC of ICWI

Book Post

Ahmedabad Chapter of Cost Accountants of WIRC of ICAI Page - 16

DDIIWWAALLIIDIWALIGet-to-Gather of Get-to-Gather of

Members & StudentsMembers & StudentsGet-to-Gather of

Members & Students

Students/members are requested

to register their names to

Ahmedabad Chapter’s Office on or before

20th November, 2012 to help us organize in better way.

DATE & TIME24th November, 2012, Saturday, 7.30 p.m.

Per Student : Rs. 100/-Per Member/Spouse : Rs. 150/-

VENUESeema Party Plot

100 Ft. Road, Anand Nagar, Satellite,

Ahmedabad.

402/403, Shoppers’ Plaza - III, 4th Floor, Opp. Municipal Market, C.G. Road, Navrangpura, Ahmedabad-380 009. Tele : 079-27540561 Tele/Fax : 079-26403616E-mail : [email protected] / [email protected] Website : www.icwaiahmedabad.org

LIST OF PROGRAMME DURING 2012-2013

No. Date Name of Programme Venue

1. 7-6-12 46th AGM of Ahmedabad Chapter Hotel President of Cost Accountants C.G. Road, Ahmedabad.

2. 15-6-12 Inauguration Function of June-12 Haribhai Auditorium Batch & Students C.G. Road, Ahmedabad.

3. 16-6-12 CEP Programme on Domestic Shoppers Plaza Transfer Pricing Chapter Office Faculty - Malay Vakil

4. 23-6-12 CEP Programme on Maint. of Shoppers’ Plaza Cost Accounts under SAP/ERP Chapter Office in Engineering Industrty Faculty : Malay Vakil

5. 28-7-12 CEP Programme on Service Tax Shoppers’ Plaza Faculty : Sanjay Bhargave Chapter Office & A.B. Nawal

6. 9-9-12 Seminar on “XBRL” and Hotel Fortune Landmark, Felicitation Function of President, Ashram Road, Vice President-ICAI & Chairman Ahmedabad. & Vice Chairman of WIRC

7. 7-10-12 Mock Interview Session Under Shoppers’ Plaza Industry Oriented Training Chapter Office Program for Final Students

Ahmedabad Chapter Arranges

November-2012

Documents

AHMEDABAD CHAPTER OF EDITORIAL BOARD COST ... …icwaiahmedabad.com/newsletter/November-2012.pdf · CMA Ashish Bhavsar Treasurer 402/403, Shoppers’ Plaza - III, 4th Floor, Opp