Dear Professional Colleagues,
Warm Greetings from your Chairperson!
As we welcome the Month of June with early rains and nice weather, the activities at Ahmedabad Branch continues to rain with loads of activities.
May 2023 was enriching with lots of exciting and intellectual events. It's important to engage in activities that stimulate our minds and help us to grow both personally and professionally.
Let’s have a look at some of the recent activities conducted at Ahmedabad Branch since our last communication:
1.Seminar on Cooperative Bank Branch Audit
An Excellent informative, engaging and Impactful half day seminar was organized for CAs doing cooperative bank branch Audit. Critical and key areas to be taken care during audit was shared by CA Hitesh Pomal, Vice-Chairperson, Ahmedabad Branch and CA Gopal Dhakan,Surat discussed important RBI master circulars and Micro and Macro aspects of Statutory Audit of Cooperative Banks.
2. Valuation Study Group Program
I am happy to share that with a dedicated valuation study group and with member’s registration crossing more than 100, the second program was conducted with CA Parag Ved, Ahmedabad on valuation for financial reporting under Ind AS and a group discussion was also done with questions taken in advance and it was highly appreciated by members since it was an interactive sessions and members got more diverse perspectives. Participants gained valuable insights into the intricacies of valuation techniques and their application in financial reporting.
3. IBC Study Group Program
I am happy to share that we also have a dedicated IBC study group and with member’s registration crossing more than 80, the second program was conducted on CIRP Challenges and issues of RP wherein the claim verification process and issues of RP with CA Dr Mamta Binani and Advocate Nipun Sanghvi where the latest judgments and amendments in IBC was covered. The object of this group is to create a forum for discussing recent developments, emerging trends, and best practices in the insolvency and bankruptcy field. The study group meetings can be structured around specific topics related to the IBC, such as the resolution process, liquidation, cross-border insolvency, or the role of insolvency professionals. The members can also invite subject matter experts to present on these topics and facilitate discussions and debates among the group members.
4. Ahmedabad Branch Summer Cricket Carnival
Ahmedabad Branch of WIRC of ICAI organized a Captains' Meet on 08.05.2023 for the Summer Cricket Tournament 2023 comprising of 16 teams.
The event also included the unveiling of the Championship Trophy. The meet provided an opportunity for all the Team Captains to interact, discuss tournament strategies. The unveiling of the trophy added to the excitement and competitiveness of the tournament.
5. Physical Meet for FIT CA Event
Under the I am a Fit CA program, a Fitness Carnival Physical Fitness Meet, the ultimate fitness extravaganza was organized at Sabarmati Riverfront where fitness with fun workout along with knowledge sharing was done by fitness experts.
6. Virtual Women and Young CA Refresher Series
Eupheus 2.0 , a virtual refresher series for those CAs who wants to brush-up their concepts was held second time this year jointly with 13 branches of India and was a great hit amongst more than 100 participants. It had sessions on Income Tax, GST, Companies Act & Audit and Diverse Skills & Opportunities.
7. Newer Areas of Practice
A chartered accountant is someone who solves a problem you didn't know you had in a way you don't understand. With diversity of our role, it has been necessity to explore newer areas of practice. With a step ahead in this direction, Ahmedabad branch has organized programs on :-
• Payroll Management and Labour Laws
- Labour Law Compliances-Introduction and Types
- Audit of Labour Law Compliances to avoid future liabilities of employers
- Payroll Management and type of services
8. Other Programs/Initiatives
- Issues in real Estate Industry and Panel Discussion on Recent Litigations and Burning issues under GST.
- Practical Issues in ITC under GST
• Year End Considerations - (AS, IND AS, Companies Act 2013)
• Notification dated 3rd May, 2023 under PMLA and its impact on CAs
Renowned speaker Sr. Adv. Tushar Hemani from Ahmedabad captivated the audience with his insightful knowledge and expertise on a crucial topic: "Notification dated 3rd May, 2023 under PMLA and its impact on CAs."
• Excel Series
A popular and most look after –excel series was organized for three days to equip the professionals with the required techniques for Data analysis and Mastering Data Visualization. The expert speakers handhold the participants with practical case studies and live examples.
• Interactive meet with Shri. Ritesh Parmar ,IRS, Commissioner of Income Tax(TDS), Ahmedabad. Productive discussion for issues faced in TDS by members and department and collaborating and seeking input from both stakeholders for quick resolution.
9. VARANASI RRC 2023 -Exploring the Essence of Varanasi: Unveiling Traditions, Inspiring Connections
A memorable RRC attended by 54 participants at Hotel Om Vilas, Five star rating property on the outskirts of Varanasi was a onetime experience under the leadership of our Honorable President CA Aniket Talati and CCM CA Puroshotam Khandelwal. An extraordinary experience on an exclusive cruise, enjoying the divine darshan of Ganga Aarti and savoring delectable Benaras delicacies while being serenaded by exhilarating music was the most memorable event. Another mesmerizing event to deepen our cultural and spiritual connection as we marveled at the magnificent Kashi Vishwanath Temple, immersed ourselves in the tranquility of the Annapurna Mandir, and participated in the revered Rudra Abhishek Pooja. We also took blessings in Sanket Mochan temple and Durga mandir .On the last day , the RRC reached new heights of joy and celebration with an electrifying DJ night and a lavish Gala Dinner along with shopping for lady members. We extend our heartfelt gratitude to all participants and the esteemed MCMs of the Varanasi branch for their enthusiastic participation and making this event truly unforgettable.
10. ICAI Convocation 2023
Ahmedabad branch of WIRC of ICAI hosted convocation for 800 CAs at Pandit Dindayal Upadhyay Hall along with the parents on 27th May, 2023. President CA Aniket Talati and Vice President CA. Ranjeet Kumar Agarwal addressed virtually from Delhi and the guest of honour was Shri Mahendra Raycha along with CCM CA Purushottam Khandelwal and CCM CA Vishal Doshi. We all welcomed young CAs with their parents with key takeaways and professional opportunities ahead.
I would also to like to share the upcoming programs of Ahmedabad Branch
• Celebrating 50th World Environment Day –TreeWalkthon on 5th June
• Forensic Accounting & Fraud Detection at Ahmedabad from 10th June,2023.
• Maiden All Gujarat ICAI Branches RRC at Sasan Gir from 9th to 11th June, 2023.
• GST@6-Studying the Landscape of GST
• IBC Sessions
• National Conference on IT on 23rd and 24th June,2023
• Opportunities for CA in PLI Schemes and Arbitration.
• Opportunities for CA in Startup Ecosystem
• 1st July-CA Day-Cultural Evening
• Blood Donation, Tree Plantation and Yoga Day Celebration.
• Virtual Sessions on Professional Development.
Lastly, we would like to share since we would be entering 75th year of our profession-MY ICAI MY PRIDE, we would be doing numerous activities throughout the year wherein we rebuild and strengthen our Brand CA to next level to match the expectations of New India @ 100. We will showcase the world, what accounting profession holds and an inclusive approach to touch everyone’s heart.
If you have any ideas/suggestions, please feel free to connect with me.
JAI HIND! JAI ICAI
CA. (Dr.) Anjali Choksi
Ahmedabad Branch of WIRC of ICAI