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NORTHERN INDIA REGIONAL COUNCILOF
THE INSTITUTE OF CHARTEREDACCOUNTANTS OF INDIA
e-Newsletter
VOL. XLVI, No. 7
November 2018
PARTNERS IN NATION BUILDING ARE PARTNERS IN ENVIRONMENTAL BUILDING
[email protected] ; [email protected]
From the Desk of the Chairman...
Dear Professional Colleagues
Greetings for the day!
Progress is impossible without change and those
who cannot change their minds cannot change
anything.So let’s change ourselves and not the
nature.
Besides being perseverant professionals, let’s also
try being a group of thoughtful, committed citizens
who are determined to make our environment
better. After all, CSR is not just Corporate Social
Responsibility but more importantly every Citizen’s
Social Responsibility. We often indulge ourselves
in complaining regarding the pollution, dustiness
and filthiness in our surroundings. But how often
have we thought that, how can we be contributing
towards bringing a change i.e. a change towards
better environment. After all
Let’s not forget “We won’t have a society if we
destroy the environment.”
Let’s all pledge, that in whatever small way we can,
make it a continuous endeavour to work towards the
betterment of our environment because when we
work towards healing the mother Earth, we heal
ourselves.
I came across a unique way of utilizing the waste
bottles that itself is a hazard for the environment
and converting them into Vertical Gardens. The idea
was so inspiring that immediately I agreed to be a
part of this noble initiative. It was indeed a pleasure
to be a part of the inaugural team of CA S.S.
Periwal Vertical Garden at Utkrisht Municipal
School, Turkman Road No.2, New Delhi on 30th
November in the presence of the following
esteemed dignitaries:
1. Sh. Adesh Kumar Gupta, Hon’ble Mayor, N.D.M.C
2. Dr. B.M. Mishra, Additional Commissioner
3. Smt. Ruchika Katyal, Deputy Commissioner City
S.P. Zone
4. Sh. Ranvir Singh, Director (Horticulture)
5. Sh. Alley Mohd Iqbal, Municipal Councillor
6. Smt. Sharmistha Mukherjee, Choreographer and
Politician
7. Sh. D.N. Sharma, Deputy Director (Horticulture)
8. CA Deepak Garg, Past Chairman, NIRC of ICAI
Knowledge Enhancing Programmes for
Members
It’s our continuous effort to provide various learning
opportunities to the fellow Chartered Accountants
and to continue with the knowledge enhancing
series the following seminars were held in the
previous month.
• A Seminar on Blockchain was organised by
Digital Accounting and Assurance Board jointly
with NIRC of ICAI on 3rd November wherein CA
Vinod Kashyap and Sh. Ishmeet Singh were the
key speakers.
• A Sub Regional Conference of NIRC of ICAI
Hosted by Himachal Pradesh Branch of NIRC of
ICAI was held on 10th November with CA Navya
Malhotra and CA Aditya Agarwal were the guest
speakers.
• A Sub Regional Conference of NIRC of ICAI
hosted by Ludhiana Branch of NIRC of ICAI was
held on 17th November. CA Talati Sunil, CA Dr.
Girish Ahuja and CA Sanjay Aggarwal share there
valuable knowledge amongst the members of
the region.
• On 24th November a seminar on GST was held in
New Delhi wherein CA. Navya Malhotra, CA Rohit
Vaswani and CA Aditya Agarwal were the key
speakers.
• A certificate course on Concurrent Audit of Banks
was held. The course was successfully conducted
by the faculties - CA Nayan Kothari, CA Akesh
Vyas, CA Ajay Kumar Jain, CA Lokesh Gupta, CA
Sanjay Gupta and CA Yukti Arora.
Student Programmes
• Various Mock Test series and Regular classes are
being held wherein we try to provide the leading
faculties and excellent infrastructural facilities
for the benefit of our students.
• From time to time MCS Batches are conducted so
that there is no delay or backlog of the students.
Elections 2018
One of the Mega Events: Elections for NIRC and
Central Council will be held on 7th and 8th
December. Let’s choose our representatives
judiciously. It’s an earnest request to all my
professional colleagues to value their right to vote
and select the leaders for the next term. Remember
if we don’t exercise our right and responsibility to
vote then we donot have the right to complain. And
All the very best to all the contesting candidates.
Each one of them have their own set of unique
potentialities and capabilities. May the best
candidates win. God Bless All.
thDate: 30 November, 2018
Place: Ludhiana
CA. Pankaj Periwal,Chairman, NIRC of ICAI
November, 2018 NIRC NEWSLETTER
4
IND AS 28: INVESTMENTS IN ASSOCIATE AND JOINT VENTURES
INTRODUCTION, SCOPE, OBJECTIVE, DEFINITION
Ind AS-28 sets out the accounting requirements when an entity has an investment in an associate. The standard does not apply where the investor is a venture capital organisation or where the investment is owned by a mutual fund or unit trust (or similarly structured entity).
is defined as an entity over which the investor has significant influence. For an investment to meet Anassociatethedefinition of an associate, it should not be a subsidiary, where the investor has control, or a joint venture, where the investor has joint control. [Ind AS-28]
Read Full article at l.ead.me/bb0zPa
CA. Rakesh Kumar Singh
THE FRAUD TRIANGLE
The Occupational fraud continues to wreak havoc on businesses around the world, with annual losses for the organisation estimated by the 2018 ACFE Report to the Nation- Global Study on Occupational Fraud and Abuse at 5% of its revenues. Fraud experts have long suggested that the presence of three conditions, known as the “fraud triangle,” greatly increases the likelihood that an organisation will be defrauded. Read Full article at l.ead.me/bb0zQD
CA Surinder Kumar Gujral [email protected]
5
ANNOUNCEMENT
November, 2018 NIRC NEWSLETTER
A New Batch of Post Qualification Diploma in International Taxation to be organized by the Board and hosted by NIRC of ICAI as per the details given below Particular Starting Date Venue Post Qualification Diploma in International Taxation
15th December,
2018 Hotel The Park 15, Sansad Marg, Hanuman Road Area, Connaught Place, New Delhi
Fees Rs. 40,000/- +18% GST
For more information visit on links: https://www.icai.org/post.html?post_id=13125.
KEY CHANGES - THE INSOLVENCY AND BANKRUPTCY CODE
(AMENDMENT) 2018
The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The bankruptcy code is a one stop solution for resolving insolvencies which at present is a long process and does not offer an economically viable arrangement. Read Full article at l.ead.me/bb18jZ
CA Preity Nagi [email protected]
6
November, 2018 NIRC NEWSLETTER
7
November, 2018 NIRC NEWSLETTER
8
GLIMPSES
A View at the Seminar on Blockchain held on 3rd November 2018 at hotel Hans, New Delhi
A View at the Seminar on GST held on 24th November 2018 at The Indian society of International Law
November, 2018 NIRC NEWSLETTER
A View at the Cricket Tournament (NPL-2018-19) for Members of NIRC of ICAI
A View at the Badminton & Table Tennis Tournament for Member of NIRC of ICAI
A View at the Carom & Chess Tournament for Member of NIRC of ICAI
3 Days Residential Programme on GST Organised at Gurugram Branch of NIRC of ICAI
Cricket Tournament 2018 for CA Members Organised at Gurugram Branch of NIRC of ICAI
Programme on Life Management Organised at Gurugram Branch of NIRC of ICAI
9
November, 2018 NIRC NEWSLETTER
A View at the Sub-Regional Conference for CA Members, Organized by Northern India Regional Council and Hosted by Ludhiana Branch of NIRC of ICAI
A View at the Sub-Regional Conference for CA Members, Organized by Northern India Regional Council and Hosted by Himachal Pradesh Branch of NIRC of ICAI
A View at the Inauguration of S.S Periwal Vertical Garden at Utkrisht Vidhyalya, Turkman Road, Delhi
10
November, 2018 NIRC NEWSLETTER
A View at the Seminar on GST Annual Returns & GST Audits organized by Amritsar Branch of NIRC of ICAI
A View at the Seminar on GST Audit and Annual Return organised at Sangrur Branch of NIRC of ICAI
A View at the Career Counselling Programme organized by Himachal Pradesh Branch of NIRC of ICAI
A View at Seminar on TDS & GST Organized by Bhiwani Branch of NIRC of ICAI
A View at the Sub-Regional Conference for CA Members, Organized by Northern India Regional Council and Hosted by Himachal Pradesh Branch of NIRC of ICAI
November, 2018
11
Foundation, Intermediate Both & Final Classes of NIRC of ICAI
CA. Pankaj Periwal,Chairman, NIRC of ICAI
Mob. 9417240316Email- [email protected]
Ǽ
CA. Deepak GargMember, NICASAMob. 9811064105
Email- [email protected]
CA. Rakesh MakkerMember, NICASAMob. 9811104384
CA. Yogita Anand(Mrs.)Member, NIRC of ICAI
Mob. 9582447118Email- [email protected]
CA. Rajesh Kr. AgrawalMember, NIRC of ICAI
Mob. 9868156062, 9910056062Email- [email protected]
CA. Swadesh GuptaMember, NIRC of ICAI
Mob. 9312580854Email- [email protected]
