activity report 2015 - ICAI Nagpur Branch

ACTIVITY ACTIVITY REPORT REPORT

20152015

ACTIVITY REPORT

2015

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Nagpur Branch of WIRC of ICAI

ACTIVITY REPORT 2015


The Institue of Chartered Accountants of IndiaNew Delhi


"Words are inadequate to express my gratitude towards all those who supported and encouraged

me throughout the year in my pursuit to serve the profession. The perfect guidance and mentoring by

CA. Manoj Fadnis, President ICAI and CA. Sunil Patodia, Chairman WIRC helped me a great deal in handling

various situations. The unstinted support of Central Council Members, Regional Council Members, Board of

Studies, Past Presidents, Past Chairmen, Former Managing Committee Members, Faculties, Speakers, Seniors,

Fellow Colleagues, Head Office, Regional Office, NGOs, Trade Associations, Family, Friends, Press Media and

Staff deserve a special mention which gave me strength and confidence to take the challenges head on".

CA. Kirti Rakesh Agrawal - Chairperson, Nagpur Branch of WIRC of ICAI



STATISTICAL ANALYSIS

PARTICULARS No. of Events

Administration Meetings of the Managing Committee 12

Activities for Members Seminars / Conferences 32 Workshops / Training Programs 24 Lecture Meet / Study Circle Meets / Refresher Courses 27 No. of Programmes Training Organised on IT for Members 09 Industrial Visits for Students 09 Dignitaries invited during the period Central Level Dignitaries 20 State Level Dignitaries 15 Local Level Dignitaries 58 Involvement of Central / Regional Council Members Central Council Members 28 Regional Council Members 19

Cultural Activity Celebration of CA Day 11 Celebration of Independence Day 02

Other Activities for Members including Sports & Cultural Programs 48

Contribution to Society 17

Activities for Students Seminars / Workshops 32 Conferences 01 Study Circles 09 Elocution Contest & Quiz Contest 02

Courses Coaching Classes 10 ITT Batches 17 Advanced ITT Batches 05 GMCS I Batches 11 GMCS II Batches 07 Orientation Courses Batches 10 Any Other Activities including Sports & Cultural Activities 46

Grand Total 481



INDEX

Sr. No. Particulars Page No.

I Council Members at Central,

Regional & Branch Level ..... 01

II Executive Summary ..... 03

III Photo Flash

Central & State Level Dignitaries ..... 09

Central Council Members ..... 11

Regional Council Members ..... 12

Local Level Dignitaries ..... 13

Unique Programs ..... 14

Contribution to Society ..... 15

Career Counselling Programs ..... 16

CA Day Celebration ..... 17

Independence Day Celebration ..... 18

Certificate Courses ..... 19

Workshops & Training Programs ..... 20

Joint Programs with Trade Associations,

NGOs & Tax Departments ..... 21

Fellowship Programs ..... 22

Indoor & Outdoor Sports ..... 23

Exclusive Women Programs ..... 24

Other Activities for Members ..... 25

WICASA Activities ..... 26

IV Activity Report as per Criteria for Selection of

the Best Branch of the Western Regional Council ..... 31

Sr. No. Particulars Page No.

V Enclosures Suggestions for ICAI Website ..... 69 Suggestions for ICAI Journal ..... 69 Comments on Exposure Draft of Auditing & Assurance Standards ..... 70 Pre Budget Memorandum ..... 70 Post Budget Memorandum ..... 71 Suggestions on Changes in New Curriculum Course ..... Suggestions for CA Course and Training ..... 73 Memorandum before Chairman Maharashtra State Co-operative Federation ..... 75 Memorandum to Vice Chancellor, Nagpur University ..... 76 Request for Reading Room Facility (3) ..... 76 Request for conducting Training Courses ..... 76 Request to Mayor of Nagpur Municipal Corporation for Availability of Reading Room Facility at Corporation School ..... 77 Certificate of Library Grant Utilisation ..... 77VI Monthly Branch Bulletin ..... 78VII Print Media ..... 82

VIII DVD Enclosures Research Paper on Issues in Adoption of Accrual System of Accounting in Government PDF Files of Monthly Branch News Bulletin Print Media Coverage Program Photographs

PDF of Activity Report

CENTRAL COUNCIL MEMBERS

CA. CHARANJOT SINGH NANDA

CA. RAJKUMAR S. ADUKIACA. MANOJ FADNISPresident, ICAI

CA. M. DEVERAJA REDDYVice-President, ICAI

CA. V. MURALIChairman - BOS

CA. NILESH VIKAMSEYVice Chairman - BOS

CA. PRAFULLA CHHAJED CA. TARUN GHIACA. JAY AJIT CHHAIRA

CA. K. RAGHUCA. SHIWAJI BHIKAJI ZAWARECA. SHRINIWAS JOSHICA. PANKAJ INDERCHAND JAIN CA. NIHAR NIRANJAN JAMBUSARIA CA. SANJEEV K. MAHESHWARI CA. DHINAL ASHVINBHAI SHAH CA. BABU ABRAHAM KALLIVAYALIL

CA. S. SANTHANAKRISHHAN CA. SUMANTRA GHUA CA. SHYAMLAL AGARWAL CA. VIJAY GARGCA. G. SEKAR CA. J. VENKATESWARLU CA. SUBODH KUMAR AGARWAL CA. ABHIJIT BANDYOPADHYAY

CA. ATUL KUMAR GUPTA CA. NAVEEN N. D. GUPTACA. MUKESH SINGH KUSHWAH CA. SANJIV KUMAR CHAUDHARYCA. ANUJ GOEL CA. SANJAY AGARWAL CA. VIJAY KUMAR GUPTA

SHRI MANOJ KUMAR (IAS) SHRI. R. K. JAINSHRI SUNIL KANORIADr.. BHASKAR CHATTERJEE SHRI. P. SESH KUMAR SHRI J. S. DEEPAK SHRI SIDDHART KUMAR BIRLA SHRI SALIL SINGHAL


ACTIVITY REPORT 2015 02

REGIONAL COUNCIL MEMBERS

CA. ABHISHEK NAGORI

CA. ANIL BHANDARI CA. DHIRAJ KHANDELWAL

CA. DILIP APTEVice-Chairman

CA. HARDIK SHAHWICASA Chairman

CA. JULFESH SHAHEx-Officio

CA.MAHESH MADKHOLKAR CA. NEEL MAJITHIA CA. PARAG RAVAL CA. PRITI SAVLA

CA. PRIYAM SHAH CA. SANDEEP JAIN CA. SARVESH JOSHI

CA. SUBODH KEDIATreasurer

CA. SUNIL PATODIAChairman

CA. SUSHRUT CHITALESecretary

CA. VISHNU AGARWAL

CA. MANGESH KINARE

CA. SATYANARAYAN MUNDADA CA. SHARDUL SHAH CA. SHRUTI SHAH

NAGPUR BRANCH OFFICE BEARERS

CA. Kirit Kalyani

1. Theme - “Potential Unlimited”

Every person in this world has amazing potential for growth and change. Each of us individually and collectively as a member of an

esteemed organisation are responsible to take the challenges head on and reveal our unlimited potential to the world.

With strong belief on aforementioned doctrine, the Nagpur Branch of WIRC of ICAI patronised the theme “Potential Unlimited”,

during the year 2015-16. The theme of Hon'blePresident of ICAI, Shri Manoj Fadnis and the theme of “Spearheading Excellence ”

WIRC under the able leadership of WIRC Chairman Shri Sunil Patodia further guided us in our working “Empowering Excellence”,

throughout the year and inspired us to organise various programs for the benefit of the CA fraternity.

Our logo i.e. an eagle on the globe represents the competence and ability of our members to provide quality services on a world wide basis.

2. Hosting Mega Events

Various National and Regional level mega events were successfully hosted during the year such as:-

All Maharashtra Tax Convention 2 Days All Vidarbha Conclave 2 Days National Convention for CA Students State Level Women's Conference 2 Days Mega Conference on Professional Enrichment

3. Felicitation of ICAI & WIRC Torch Bearers, Political Leaders, Top Bureaucrats and Government Officials

Various Central, State and Local Level Dignitaries were invited and felicitated at the Branch forum. Hon'ble Union Minister, Shri Nitin Gadkari, Shri

Sudhakar Deshmukh, Smt Sumitra Mahajan, Shri Chandra Shekhar Bawankule, Shri (MLA), Hon'ble Loksabha Speaker, Hon'ble Energy Minister,

Krupal Tumane, Shri Ajay Sancheti, Shri S.P.Tulsian, Shri Manoj Kumar Shri Rakesh Sethi, Hon'ble MP, Hon'ble MP, Editor, CNBC, , CGM, SEBI, CMD,

Allahabad Bank, President ICAI, Chairman WIRC are few of the prominent names. Nagpur branch was also fortunate CA. Manoj Fadnis, CA. Sunil Patodia,

to get an opportunity to felicitate other torch bearers of Central Council and WIRC of ICAI. (Refer list enclosed B-6 and B-7).

4. Academic

The branch conducted various Seminars & Conferences (22), Lecture Meets & Panel Discussions (13), Certificate Courses & Training Programmes (11),

Workshops (5) and Study Circle Meets (17) remodelled and redesigned as throughout the year concentrating on providing value added “Mudde Ki Baat”

information to enrich the profession as a whole. These programs aimed at regular updation and professional embellishments.

(Refer Statistical Analysis, Page No. )



EXECUTIVE SUMMARY



5. Capacity Building Measures A host of programs were organised to build the professional capacity of members especially young members and women members. These included

Intensive Study Course on Companies Act Various workshops on Information Technology related aspects such as Advanced Excel and Tally. An all highlighting the theme Women Members' conference was also hosted under the aegis of Women Empowerment Committee of ICAI,

“Women Empowerment – Need of the Nation”, alongwith other exclusive workshops for the women members. Information System Audit Course, Certificate Course on Concurrent Audit of Banks, & Certificate course on Forensic Audit DISA Refresher Course

& Fraud Detection were also hosted during the year.

6. Fellowship, Sports & Cultural Activities Apart from regular fellowship programs such as Holi Milan, Diwali Milan, Ganesh Sthapana etc various unique fellowship programs Branch Foundation Day Celebration and Bhajan Sandhya (wherein ), Cyclothon, Walkathon etc were hosted during the year. former managing committee members were felicitated Sports events such as swimming competition and Indoor sports events such as Badminton, Table Tennis, Chess etc were organised on the occasion of Republic Day etc were also organised. Ek Shaam CA ke Naam, a cultural extravaganza witnessing performances of members and their families was applauded by the huge quantity of audience present on the occasion.

7. Training to Students Branch is regularly organising training courses such as GMCS II, GMCS I, Orientation Course, 100 hrs ITT Course, Advanced ITT Course, Orientation for Campus Placement etc. Coaching For CA Students - Mock tests, revisionary classes and crash courses were also conducted for the benefit of the students.

8. Other Students Activities Nagpur Branch of WICASA was quite active during the year organising various programs for the benefit of the students such as Seminar on Companies Act, Bank Branch Audit, Finance Bill etc. Industrial visits and educational visits were also conducted during the period. Fellowship events like Holi Milan and pool and snooker competition were also held to improve brotherhood and cooperation among students. Nagpur Branch of ICAI has tied up with Shree Agrasen Chhatravas, Ravinagar, Nagpur managed by Shri Agrasen Bhavan, Nagpur for providing hostel facility (lodging & boarding) for CA students of Central India, during examination.

9. Reading Room / Library Facility Facilities for reading room and library were provided at various centres in the city during the year. Its an honour for Nagpur Branch to sign up an MOU with following two institutions for providing reading room / library facilities throughout the year on honorary basis:- MKH Sancheti Public School, Nagpur Kamla Nehru Engineering College, Nagpur

10. Public Awareness and Image Building Programs Nagpur Branch took various initiatives to strengthen the image of profession in the eyes of the society. Several career counselling programs were conducted at different schools and colleges to create awareness about CA as a career option. A Special Live Career Counselling Session was also organised at All India Radio where instant queries via phone calls were attended. Major programs on budget were organised jointly with prominent trade and other associations of Nagpur. Press meets were also regularly organised to inform about ICAI policies and updates. Members are regularly writing informative columns in newspapers. Regular interactive meets and panel discussions were organised with Income Tax, Service Tax, LBT and Service Tax authorities focussing on problems being faced by the members and solutions thereof. Branch was also fortunate to receive extensive coverage of its major events and programs in major newspapers on local and state level. The news of the National Convention for CA students hosted in the month of July, 2015 received wide publicity across Maharashtra where the convention was inaugurated at the hands of Shri Devendra Darda, MD, Lokmat Media Ltd

11. Joint Programs with Trade Associations, NGOs and Tax Departments Various joint programs were organised with Trade and Industries Associations such as Vidarbha Industries Association, Nag Vidarbha Chambers of Commerce Limited, Nagpur Chamber of Commerce Limited and Vidarbha Tax Payers Association. Also various interactive meets with Income Tax Department, Sales Tax Department, Central Excise & Custom, Service Tax Department etc were also organised.

12. Social Projects Upholding the idea of “Benefit of all” and our commitment towards society, Nagpur branch enthusiastically organised various programs such as blood donation camp, eye check-up camp, full body check-up camp etc. An attempt to create awareness for organ donation was undertaken via organ donation camp on CA day and we proudly state that on the occasion almost 17 members & students took pledge to donate organs. Visit to orphanage, deaf and dumb school and distribution of literacy kits to under privileged students, were other major social projects.

13. GO GREEN / E- Initiatives / Swachh Bharat Abhiyan was also done at various places to amplify the “Go Green” concept. Tree plantation was promoted by the branch and the logo thereof was prominently displayed on the cover page of monthly news bulletin.Swachh Bharat Abhiyan A programme on Swachh Bharat Abhiyan was organized at Garoba Maidan, wherein awareness regarding cleanliness was created among masses. The event was attended by approx 8,000 people. “Go Green” philosophy was also advocated during the year by totally in various programs of the stopping the use of plastic and plastic material branch instead of paper copy was also promoted amongst the members. E-newsletter of the National convention for CA students was given to the students in , in place of paper copies. Seminar material Pen Drives on the website of the branch and during the events, said material was provided in Seminar/Conference material are regularly uploaded DVDs, instead of paper copies.



14. Infrastructure Branch is continuously developing its existing infrastructure and ensures adequate repairs and maintenance for better utilization of its facilities. Provision for

barrier free entry was made for differently abled persons to access the branch facilities.

15. Other Activities Campus Orientation programme scheduled by ICAI was successfully hosted by the branch. Campus Interview programme was successfully conducted with

new entrants being offered job with good pay package.

16. Mobile Application (Available on Playstore – ICAI Nagpur) & Website (www.nagpuricai.org)

Nagpur Branch launched its mobile app during the year. Branch also has its own interactive website. Communication through SMS, circulars, branch profile,

e-mails, annual planners and member's directory are other features.

17. Monthly Newsletter (PDF enclosed in DVDs) Monthly newsletter of Nagpur branch is another jewel in its crown featuring various informative articles and updates.

and due date chart were regularly published in the newsletter.Indirect tax updates

Two separate columns were dedicated to women members and young members and we are glad to state that every month we published illuminating

articles contributed by women members and young members.

Keeping in view, the increasing importance of information technology, a column dedicated to IT related articles were featured under the heading “IT

Corner”.

was another new column wherein excerpts of the discussion (regarding expectations of business community from profession “Meet the Entrepreneur”

and future scenario) with eminent personalities of Nagpur were included. The said personalities are the leaders in their sectors such as Shri Shiv

Kishanji Agrawal (Haldiram's Food Pvt Ltd), Shri Ajay Sancheti (Hon'ble MP), Shri Sunil Raisoni (Director, Raisoni Group of Institutions), Shri

Sharad Chandak (DGM, IFB, SBI, Nagpur), Dr Lokendra Singh (Neourosurgeon), Shri Rajesh Agrawal (Director, Tolu Tours Pvt Ltd), Shri Gaurav

Agarwala (Director, Sandeep Dwellers Pvt Ltd), Mrs Deepali Masikar (DCP, EOW, Nagpur), Dr. Preeti Bajaj (Director, G.H. Raisoni College of

Engineering), Ms. Rita Aggarwal ( Consulting Psychologist & HRD Trainer), Mrs Madhubala Singh (Fashion Designer) and Shri Ashok Goyal

(Goyal Dhatu Udyog Pvt Ltd).

A health related article and a monthly crossword were other regular inclusions.

was yet another addition wherein newspaper clippings of major news concerning ICAI were published. “ICAI in News”

Nagpur Branch also proudly came up with an wherein various articles were contributed by the enlightened all women's edition of the news bulletin

women members of the branch. It was a highly applauded edition of the news bulletin.




Academic Believing in the philosophy of “Gaining knowledge through sharing knowledge”, this year Nagpur branch redesigned and renamed its study circle as “Mudde ki Baat”. Various issues concerning practical aspects were taken up and tackled in these meetings. Members having expertise in the particular field were invited to share their expert knowledge and experiences. Mudde Ki Baat proved to be a source of true value addition for the professionals, which will surely support our members to excel in their career.

For the first time in the branch, was organised for the benefit of the members. DISA Refresher Course

The event was All Vidarbha Conclave on Professional Enrichment was jointly organised with all the branches and CPE chapters of Vidarbha. inaugurated by Hon'ble Union Minister, Shri Nitin Gadkari, Shri Chandrashekar Bawankule ( Hon'ble Guardian Minister for Energy ), Shri Sudhakar Deshmukh (MLA), CA Amarjit Chopra (Past President, ICAI), CA Uttam Prakash Agrawal (Past President, ICAI) and CA Jaydep Shah (Past President, ICAI).

was also hosted by Nagpur branch. The chief guest for the occasion 2 Days National Convention for CA Students on the theme “Unfold your Wings” was Shri Devendra Darda, Managing Director – Lokmat. Other guests were CA V. Murali, Chairman BOS, CA. Nilesh Vikamsey, Vice Chairman BOS, CA. Uttam Prakash Agrawal, Past President ICAI, CA. Subodh Kedia, Treasurer WIRC, CA. Hardik Shah, Chairman WICASA, Shri Sunil Raisoni, Director – Raisoni Group of Institutions.

was also organised, which was graced by the deliberations State level Women Conference on the theme “Women Empowerment – Need of the Nation” of noted women speakers. The chief guests for the occasion were Smt Shilpa Agrawal (Mrs India Globe First Runner –up) and Smt Chetna Tank (Corporater, NMC). Two day Mega Conference on Professional Enrichment was hosted by Nagpur branch. The program was graced with the presence of forerunners of our profession i.e. CA. Manoj Fadnis (President ICAI), CA. Sunil Patodia (Chairman WIRC), CA. Sunil Talati (Past President ICAI), CA. Jaydeep Shah (Past President ICAI), CA. Ashok Chandak (Past President ICAI) and CA. M.M. Chitale (Past President ICAI).

Interactive Meet with Board of Studies on New Scheme of Education was another unique program.

A series of two programs on “Venturing New Paradigm to Practice Development” was also organised for the benefit of the young members.

Apart from these programmes many more mega programs were hosted and organised by the branch during the year. Various study courses and certificate courses were also conducted during the year.

of the Nagpur branch was launched during the year benefitting the local members. Redesigned Website of the branch was Mobile App “ICAI Nagpur” also launched during the year.

UNIQUE PROGRAMS



Public Awareness Various seminars and informative meets were organised jointly with prominent trade and industry associations at their premises wherein members of trade and industry were informed about taxation and other related issues. Live Screening of Union Budget and Public meet on Immediate Reaction on Union Budget 2015 was organised at branch premises as well as jointly with other trade and industry associations wherein members of the public and press reporters were also involved to create general awareness. Managing Committee and other members delivered lectures on Budget at various programs jointly with other organizations. Branch also associated with local cable operators and organized business talk on various technical subjects like MVAT, Service Tax, Income Tax, VCES and also the role of Chartered Accountants in society.Investor awareness programs and joint programs with other organizations were appreciated by all. A Women's Day rally was organised during the year and a pamphlet enumerating various “Special Rights of Women” was also released to mark the

grand event. Career Counselling reaching to thousands - Live Career Counselling for CA Course was done on air at All India Radio, wherein queries via phone calls,

regarding CA course were answered. Career Counselling was also provided through newspaper.

Contribution to Society In its attempt of contributing towards maintenance of ecological balance, for the first time Nagpur Branch totally and plastic stopped use of plastic materials in its various events and programs. Eco friendly and user friendly kits were used during the programs, which were highly appreciated by all the members. E-newsletter was also prominently promoted amongst the members. drive was undertaken at various places in Nagpur to make the orange city “greener and healthier”. Swachha Bharat Abhiyaan was also Tree plantation

popularised via monthly news bulletin and notepads of the branch. A special program on Swachha Bharat theme was also organised at Garoba Maidan, in a gathering of almost more than 8000 people . Distribution of literacy kits to under privileged students was yet another exclusive program of the branch to work for the upliftment of the society in

general. Visit to Orphanages, Blind Relief Schools, Deaf and Dumb schools were also organised during the year.

Other Unique Programs Felicitation of Former Managing Committee Members was done on Branch Foundation Day in order to express our gratitude for the guidance and support provided by them in the smooth functioning of the branch. Teacher's Day was celebrated with great fervor and enthusiasm wherein various faculties of the courses such as OT, GMCS I, GMCS II, ITT etc were felicitated. Newly qualified members, DISA and DIRM qualified members were also felicitated in an exclusive program. World Yoga Day was celebrated at branch premises to emphasise the importance of yoga in our daily life. Patriotic Rally was organised on Independence Day, attended by members and students in large numbers. On the occasion of Chartered Accountants Day, Nagpur Branch organized Tree Plantation and numerous camps viz Blood Donation, Eye Check up,

Dental Checkup, Basic Body Check up, Skin & Hair Care, Organ Donation Awareness Programs in which members & students donated blood and pledged for organ donation.





CENTRAL & STATE LEVEL DIGNITARIES



CENTRAL COUNCIL MEMBERS



REGIONAL COUNCIL MEMBERS



LOCAL LEVEL DIGNITARIES



UNIQUE PROGRAMS



CONTRIBUTION TO SOCIETY

CAREER COUNSELLING PROGRAMS





CA DAY CELEBRATIONS

INDEPENDENCE DAY CELEBRATION





CERTIFICATE COURSES

WORKSHOPS & TRAINING PROGRAMS





JOINT PROGRAMS WITH TRADE ASSOCIATIONS, NGOS & TAX DEPARTMENTS

MEMBERS FELLOWSHIP PROGRAMS





SPORTS ACTIVITIES

EXCLUSIVE WOMEN PROGRAMS





OTHER ACTIVITIES

WICASA ACTIVITIES



WICASAFELLOWSHIP ACTIVITIES





WICASA

NATIONAL CONVENTION FOR CA STUDENTS

CONFERENCES & SEMINARS

WICASA





ACTIVITY REPORTNAGPUR BRANCH OF WESTERN INDIA REGIONAL COUNCIL OF

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

FROM 1st JANUARY 2015 TO 31st DECEMBER 2015

INDEX

Sr No Particulars Page No.

A. Administration1 No. of Meetings of The Managing Committee 322 Whether AGM Held in Time 323 Whether Trial Balance Was Regularly sent to Regional Council on Regular Basis 324 Whether Half Yearly Audited Accounts Submitted to the Institute in Time 325 Timely Submission of Annual Report and Accounts 326 Whether The Detailed Audit Report (LFAR) along with the Auditors Report was sent 327 Whether Monthly Report of Activities Sent Regularly 328 Whether Proper Statement of Stock and Sale of Publication Submitted 32

B. Activities For Members1 Seminar /Conferences 332 Workshops/Training Programme 383 Lecture Meeting / Study Circle Meeting /refresher Course 424 No. of Training Programmes organised on it For Members 445 No. of Industrial Visit For Students 456 Level of Dignitaries Invited During The Programmes 467 Involvement of Central / Regional Council Members 508 Branch News Letter 519 Website 5110 Improvement of Journal 51

Sr No Particulars Page No.

11 Representation to Central Council 5112 Awareness to Members about the Different Portals of ICAI 5213 Publicizing the Institute Activities through Print / Electronic Media 5214 Cultural Activities 5315 Any Other Activity 5416 Library Activities 5717 Cohesive Working 5718 Contribution To The Society 5719 Preparation of Research Papers 59

C. For Students

1 Organised Seminars/Workshop/Conferences 602 Organised Elocution Contest / Debate 633 Organised Quiz Contest 634 Coaching Classes 635 Maintained Library/ Reading Room for the use of the Students 656 Whether the Branch has obtained Accreditation 657 Whether Classes for GMCS /Orientation Course held by the Branch Itself 66

A. ADMINISTRATION


1. Total No. of Meetings of the Managing Committee - 12

Date No of Meetings of the Managing Committee

20/02/2015 305th Managing Committee Meeting27/02/2015 306th Managing Committee Meeting24/03/2015 307th Managing Committee Meeting20/04/2015 308th Managing Committee Meeting11/05/2015 309th Managing Committee Meeting15/05/2015 310th Managing Committee Meeting

2. Whether AGM held in time (by 31st July) - Yes, Held on 4th July 2015

3. Whether Trial Balance was regularly sent to Regional Council on Regular Basis - Yes

4. Whether Hal-Yearly Audited Accounts submitted to the Institute in time - Yes

5. Timely Submission of Annual Report and Accounts for the Immediately Preceding Year - Yes

6. Whether detailed audit report(LFAR) along with the auditor's report was sent to the Institute - Yes

(30th April, 2015) with prescribed time to H.O. & copy marked to WIRC

7. Whether Monthly Report of Activity sent Regularly to Vice President with A copy to RBA section

Date No of Meetings of the Managing Committee

03/06/2015 311th Managing Committee Meeting06/06/2015 312th Managing Committee Meeting29/07/2015 313rd Managing Committee Meeting08/09/2015 314th Managing Committee Meeting19/12/2015 315th Managing Committee Meeting30/12/2015 316th Managing Committee Meeting

Month Date of Submission

January 31st January, 2015

February 28th February,2015

March 31st March, 2015

April 30th April, 2015

8. Where proper statement of stock and sale of publication submitted

i) Whether proper publication Accounts As per Accounting Manual for Branches Has Been Maintained - Yes

ii) Whether Quarterly Statement Of Publication Account Has Been Sent - Yes

iii) Whether the consolidated statement of as on 31st march has been forwarded along with annual accounts - Yes

iv) Whether list of physical Verification of Stock of Publication lying with the branch as per quantity and at invoice value was sent - Yes

v) Whether the list of obsolete Stock of publication was prepared on Half Yearly Basis and sent to Director/ BOS/ Delhi Office seeking further instruction - Yes


May 31st May, 2015

June 30th June, 2015

July 31st July, 2015

August 30th August, 2015


September 30th September, 2015

October 31st October, 2015

November 30th November, 2015

December 31st December, 2015



B. ACTIVITY FOR MEMBERS

1. Seminars / Conferences

I. Seminars -

Sr. No.

1.

2.

3.

4.

5.

Date

10/01/2015

05/03/2015

26/03/2015

24/4/2015

15/05/2015

Topics Covered

Seminar on Forensic Audit & Fraud Detectiona) Companies Act, 2013 & Fraud Risk Managementb) Fraud Detection- Role of & Expectation from Auditorsc) Forensic Audit/ Investigation-Overview & Fraud detection techniques with Case Studies

Seminar on Finance Bill1. Direct Tax Proposals, Latest Important Judicial Pronouncements and case Laws2. Indirect Tax Proposals

Seminar on Bank Branch Audit1. Audit of Advances2. Audit through Core Banking Solution3. LFAR & Other Certificates4. Prudential Norms

Seminar on Companies Act-20131. Directors: Appointment, Responsibility, Rotation & Meetings.2. Acceptance of Deposits , Loans & Advances including Intercorporate loans3. Accounts of Companies, Audit, Auditors Appointment, Role and Responsibility, new CARO report.

All Maharashtra Tax Convention1. Income Tax2. VAT- Critical Issues in WTC- Builders & Contractors3. Service Tax- Critical Issues & Practical tips in handling department

Speakers

CA. Sandeep BaldavaHyderabad

CA. Kapil Goel, New Delhi

CA. Brijesh Verma, Agra

CA. Amarjit ChopraPast President, ICAI

CA. Charudatt MaratheCA. Atul Bheda,

Ex. CCM, Mumbai.

CS. Tushar Pahade

CS. Amit Pandey

CA. Abhay Arolkar, Mumbai

CA. Mahesh SardaEx. CCM, Mumbai

CA. Kiran Garkar, MumbaiCA. Ravi Holani

Ex. CCM, Gwalior

Chief Guest / Guest of Honour

CA. Milind PatelPast Chairman

Shri Pravin Datke, Hon. MayorNagpur Municipal Corporation

MLAShri Sudhakar Deshmukh,

Mr. D.K. Sood, DGMUnion Bank of India

Mr. Ramesh Ramteke, AGM Andhra Bank

Mr. Amarendra Kumar JhaAsst. GM, Union Bank

CA. B. K. AgrawalSenior Chartered Accountant

CA. Ranjan SharmaDy. Commissioner of Police, Nagpur

Chairman, WIRCCA. Sunil Patodia, CA. Dilip Apte, Vice Chairman, WIRCCA. Sushrut Chitale, Seretary, WIRCCA. Subodh Kedia, Treasurer, WIRC

No. of Participants

60

284

282

130

185



Sr. No.

6.

7.

8.

9.

Date

06/06/2015&

07/06/2015

20/06/2015

27/06/2015

02/07/2015

Topics Covered

All Vidarbha Conclave on Professional Enrichment1. SME -Capacity Building Measures2. Reporting under Companies Act-20133. Burning issues in Service Tax4. Present State of Capital Market5. Balancing Professional Life

Half Day Seminar on LBT1. Preparations & Requirements2. Amnesty Scheme under LBT.

Exclusive Seminar on LLP

1. Formation & Conversion of Partnership Firms & Private Ltd Company into LLP2. Drafting of LLP Agreement & Taxation of LLP

Seminar on Trade Finance1. Tapping Global Liquidity through Trade Finance.2. Geographical Expansion of Business through Trade Finance3. Various Trade Finance Products : - Import LCs - Export LCs - Standby Letter of Credit

Speakers

CA. Uttamprakash AgrawalHon. Past President, ICAI

CA. Amarjit ChopraHon. Past President, ICAI

CA. J.K. Mittal, New Delhi

CA. S.P. Tulsian, Mumbai

CA. Gurunandan SavnalMumbai

CA. Ashwini AgrawalPast Chairman

CA. Shailendra Jain

CA. Satish Shanbhag, MumbaiCA. Devendra Jain, Mumbai


Shri Nitin Gadkari Union Cabinet Minister, Minister of

Road & Highway and Shipping.

Shri Chandrashekar Bawankule Guardian Minister, , Energy new and

renewable energy Minister.

Shri Sudhakar Deshmukh, MLA

CA. Uttam Praksh AgrawalPast President, ICAI

CA. Jaydeep Shah, Past President, ICAI

CA. Amarjit ChopraHon. Past President, ICAI

CA. Prafulla Chhajed, Hon. CCM

Shri Milind MeshramAsst. Commissioner LBT

CA. Julfesh Shah, RCM

CA. Pankaj Mundra,Exe. Committee Member

ICAI Dubai Chapter

No. of Participants

192

89

138

34



Sr. No.

10.

11.

12.

13.

14.

15.

Date

03/07/2015

08/08/2015

14/08/2015

28/08/2015

28/10/2015

30/10/2015

Topics Covered

Full Day Seminar on Co-operative Audit1. New Co-operative Societies Act and Changing Role of Auditors2. Audit Reports and Audit Classification3. Verification of Advances & NPA Norms Recent changes in Taxation for Co-operative Sector including TDS

Seminar on New ITR Forms & Precaution while filing returns1. Comparison between New ITR Forms Vs Old ITR Forms2. General Precautions to be taken while filling Income Tax Returns For A.Y. 2015-20163. Disclosure Requirements.

Seminar on Tax Audit1. TDS Critical Issues under Tax Audit2. Income Computation Disclosure Norms & Recent Important Issues Under Tax Audit

Knowledge Series- Effective Report Writing & Reporting as per New Companies Act & Quality Assurance in CAs Office

Seminar on SME Funding : Role of Capital Markets

Seminar on Project Finance 1. Various Registration & Clearance required for project 2. Preparation of project Report & CMA Data 3. Various modes of Funding

Speakers

CA. Tusharkanti DableCA. Abhijit Kelkar

CA. Abhiram DeshmukhCA.Vinay Kawdia, Jalgaon

4

CA. Naresh Jakhotia

CA. Sudhir BahetiCA. Mukesh Hundiwala

CA. Smita GuneCA. Yagnesh Desai

Mr. Dhiraj RathiMr. Pankaj Bharghav

Shri Vikas JainJoint Director Industries

Nagpur

Shri Ravi VaranasiChief Business

Development, NSE

CA. O.S. Bagdia, Past Chairman

CA. Sitaraman IyerCA. Samir Bakre,

Past Chairman


Shri Sadaram Kumre Co-operative Department

-

CA. Makarand JoshiPast Vice-Chairman, WIRC

CA. Sudhir SuranaPast Chairman

Shri Manoj KumarChief General Manager, SEBI

Shri D.K. SoodDGM, Union Bank of India

No. of Participants

65

61

123

39

150

80



No. of Participants

160

162

175

127

191

Sr. No.

16.

17.

18.

19.

20.

Date

05/11/2015

07/11/2015

21/11/2015

25/11/2015

28/11/2015

Topics Covered

Panel Discussion on Venturing New Paradigm to Practice Development, Series I

Seminar on Real Estate: Understanding Domain, Business, Documentation, Taxation & Compliance

Seminar on M-VAT1.Preparing a Legal Document- Demystified 2.Stamp Duty – Valuation & Procedures 3.Registration- Law and Practice 4.Coop Societies and Condominiums under Maharashtra Apartment Owners Act

Panel Discussion on Venturing New Paradigm to Practice Development , Series II

Seminar on Direct Taxes1.Income Disclosure Norms2. Recent Development in Search & Survey3. Domestic Transfer Pricing4. Capital Gains & Issues in Real Estate Transactions

Speakers

CA. B. K. Agrawal CA. Dr. T. S. Rawal

CA. Anil Parakh, Past Chairman CA. Rajesh Loya, Past Chairman CA. Samir Bakre, Past Chairman

CA. Vinay Singh. MumbaiCA. Laxmi Singh, Mumbai

CA. Ravindra GaneriwalaCA. Shailendra Jain

CA. Rajendra BhutadaConvenor CP Chapter Wardha

CA. Bhagwat Thakre

Past Chairmans- CA. O.S. BagdiaCA. Milind Patel

CA. Mahesh Rathi

CA. Harish MotiwalaEx. CCM, MumbaiCA. Shardul Shah,

RCM, MumbaiCA. Sudha Bhushan, Mumbai

CA. Ketan Mehta, Mumbai


CA. B. K. Agrawal CA. Dr. T. S. Rawal

CA. Anil Parakh, Past Chairman CA. Rajesh Loya, Past Chairman

CA. Samir Bakre , Past Chairman

CA. Kailash Jogani, President Nagpur Chambers of Commerce

Limited.

Shri P. K. Agrawal – Hon. Jt. Commissioner [VAT Admin],

NagpurShri Vinod Gawai -

Dy. Commissioner [Appeals], NagpurSmt. Sangeeta Mahajan

Dy. Commissioner [Business Audit], Nagpur

-

CA. J.S. UberoiSenior Chartered Accountant



Sr. No.

21.

22.

Date

18/12/2015

30/12/2015To

31/12/2015

Topics Covered

State Level Women Empowerment Seminar “ Women Empowerment – Need of the Nation” 1. New World Banking Digital & Ecom world. 2. Women Leading & Making a difference about developing SMP practice being on Board & thinking beyond. 3. Women – Multi Tasking Challenges (Workshop) 4. Emerging areas of practice: Assurance services- Governance Risk & Compliance

Two Days Mega Conference on Professional Enrichment-1. Capital Gain on Real Estate Transaction.2. Anti-Money Laundering-FATCA-CRS,Online reporting compliances with Banks.3. Success and Satisfaction.4. Ind AS-Challenges & Opportunities.5. Future Challenges in Retail Trade- Role of CA.6. Insurance -Investment or Necessity.

Speakers

CA. Anjan Vivek, BangaloreCA. Navita Srikant,

New DelhiCA. Priti Sikdar, Mumbai

CA. Sunil TalatiPast President, ICAI

CA. Abhijit Sanzgiri,MumbaiMr. Ramesh Partani

HyderabadCA. Yagnesh Desai, Mumbai

CA. B.C. BhartiaCA. Ranjit Dani


Smt. Chetna Tank, Corporater NMC

Smt. Shilpa AgrawalMrs. India Globe First Runner Up

CA. Manoj Fadnis, President ICAI

CA. Sunil Patodia, Chairman WIRC

Past Presidents-CA. Ashok Chandak

CA. Sunil TalatiCA. Jaydeep ShahCA. M.M. Chitale

No. of Participants

126

358

II. CPE Teleconferences-

Sr. No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

Date

03/03/2015

11/03/2015

30/03/2015

17/04/2015

17/04/2015

12/05/2015

25/05/2015

10/06/2015

19/06/2015

29/07/2015

Topics Covered

Live Webcast on Union Budget

National Live Webcast on Bank Branch Audit

Live Webcast on Bank Audit

CPE National Live Webcast on Companies Act-2013

Live Webcast on "Service Tax Issue under Construction Industries including Renting of immovable"

CPE National Live Webcast on “Finance Act 2015”

CPE National Live Webcast on " Companies Act 2013"

CPE National Live Webcast on " Goods & Service Tax- GST"

CPE National Live Webcast on “ Service Tax Issues under works contract & Job work”

CPE National Live Webcast on “ Direct Tax Laws”

No. of Participants

13

10

9

5

1

1

1

3

1

1



2) Workshop / Training programs

I. Workshops -

Sr. No.

1.

2.

3.

4.

5.

6.

Date

25/03/2015

24/04/2015

25/04/2015

06/05/2015

14/05/2015

02/06/2015

Topics Covered

Interactive Information Meet on “ New Scheme of Education and Training for CA students”

Panel Discussion in Certificate Course on Concurrent Audit of Banks (165th Batch)

Panel Discussion in Certificate Course on Concurrent Audit of Banks (137th Batch)

Interactive Meet with Chief Commissioner, Centre Excise Customs & Service Tax ( Vidarbha Zone)

Interactive meet with CA. Ranjan Sharma, Dy. Commissioner of Police, Nagpur

Interactive meet on TDS

Speakers

Ms. Nisha Gupta Sr. Executive officer, Board of Studies , ICAI

Panelist:

Shri K.V. Subbarao, Chief Regional Manager IOB, Nagpur

Shri Sudhakar Atre, Chief Manager, Bank of India

Panelist:Shri K.V. Subbarao, Chief Regional Manager, IOB, Nagpur

Shri Sudhakar Atre, Chief Manager, Bank of India

Shri S.K. Panda,Chief Commissioner, Centre Excise Customs & Service Tax

Shri Ashish Chandan, Commissioner ( Appeals)

CA. Kirti Agrawal, Chairman Nagpur Branch of ICAI

Led by :CA. Kirti Agrawal. Chairman

CA. Ashwini Agrawal

Shri Staish Goyal, Commissioner of Income Tax (TDS)

Shri D. Ravi Kumar, Addl. Commissioner, (TDS)

Shri SPG Mudliar, Dy. Commissioner, (TDS)


CA. Kirti Agrawal, Chairman

Shri Rohit Agrawal, Secretary, VIA

CA. Dilip Lohia

No. of Participants

85

58

55

.

450

6

160



Sr. No.

7.

8.

9.

10.

11.

12.

Date

07/06/2015

11/06/2015

19/08/2015

20/08/2015

02/09/2015

21/11/2015

Topics Covered

Interactive Special Session with Service Tax Authorities

Interactive Meet with Central Council Member

Interactive meet with Chairman WIRC & Managing Committee Members

Interactive meet with members of NVCC

Interactive Meet with CCIT Vidarbha Region

Panel Discussion on M-VAT

Speakers

Customs, Central Excise & Service Tax, Nagpur Zone-

Shri S.K. Panda, Chief Commissioner

Shri Ashish Chandan, Commissioner

Shri Yogesh Agrawal, Addl. Commissioner

CA. Nihar Jambusaria, CCM


CA. Kirti Agrawal. Chairman


Shri S.D. Charan, Hon. Pr. CCIT, Vidarbha Region

Shri R.N. Jha, Pr. CIT-1

Shri Chet Ram, Pr. CIT-2

Shri K.T. Zimik, Pr. CIT-3

Shri Aakash Dewangan, Jt. CIT

Shri J.P. Sharama, President, VTPA

Shri T.S. Renue, Secretary VTPA

Shri P. K. Agrawal Hon. Jt. Commissioner [VAT Admin], Nagpur

Shri Vinod Gawai Dy. Commissioner [Appeals], Nagpur

Smt. Sangeeta Mahajan Dy. Commissioner [Business Audit], Nagpur

No. of Participants

192

40

10

20

110

156



II. Training Programs

Sr. No.

1.

2.

3.

4.

5.

Date

06/02/2015

16/02/2014 To

17/02/2017

26/02/2015

17/04/2015

17/04/2015

Topics Covered

Campus Orientation Programme

Campus Placement Programme

Certificate Distribution of Certificate Course on Arbitration

Information System Audit Course( 21st Batch)

Certificate Course on Concurrent Audit of Banks (137th Batch)

Speakers

CA. Suresh Rathi, NagpurCA. Rajeev Sawangikar, Nagpur

CA. Arvind Inani, NagpurCA. Ramkrishna Singhania

CA. Atul GuptaCA. Parnay KocharCA. Mayur Choksi

CA. OnkarnathCA. Ajit Vasant Pal

CA. Anand P. JangadCA. Shirish Deshpande

CA. Sanjay GuptaCA. Prashant TidkeCA. Niranjan JoshiCA. Lokesh GuptaCA. Sanjay V. Shah

CA. Dhananjay J. Gokhale

Chief Guest


Shri K.K. Sonawane – Hon. Principal District Judge

Guest of HonourShri Kishore Jaiswal

District Legal Services Authority, District Court, Nagpur

Secretary, Mr. Vinod Vermam , Vidarbha Computer Dealers Association

Shri S.K. Patankar,DGM, Bank of Baroda

No. of Participants

111

38

40

49

55



Sr. No.

6.

7.

8.

9.

10.

Date

17/04/2015

07/05/2015To

14/05/2015

08/06/2015

13/06/201514/06/201520/06/201521/06/2015

26/10/2015to

08/11/2015

Topics Covered

Certificate Course on Concurrent Audit of Banks (165th Batch)

7 Days Intensive Study Course on Companies Act 2013

8 Days 31st Certificate Course on Forensic Accounting & Fraud Detection

DISA Refresher Course with Mock Test4 days for 36 Hrs.

Information System Audit Course ( ISA)

Speakers

CA. Prashant TidkeCA. Niranjan Joshi

Shri V. SomashekharCA. Giriraj Soni

CA. Dhananjay GokhaleCA. Sanjay V. Shah

CA. Ankush DewaniCS. Mahima SharmaCS. Dinesh Agrawal

CS. Ram Thakkar, AkolaCA. Sandeep Shah, Mumbai

CS. Rohit JainCS. Akshay Paranjape

CA. Abhijit SanzgiriCA. Agnel PereiraCA. M.S. Mehta

CA. Murtaza GhadialiCA. Ashish Makhija

CA. Kanthi Kumar KedariCA. Rohit Narang

Mr. Varun NairCA. Shailesh Cousik

Shri L.G. BhuteShri P. Narsikar

Faculties : CA. Manoj MehtaMr. Sachin DediaCA. Priti Sikdar Dr. Onkar Nath

Mr. Avinash Gokhale

Chief Guest

Shri S.K. PatankarDGM, Bank of Baroda


Mrs. Deepali Masirkar(DCP) EOW, Crime Branch, Nagpur

CA. T.S. RawalSenior Chartered Accountant

No. of Participants

58

22

34

8

33



3) Lecture Meeting/Study Circle Meeting/Refresher Course

I. Lecture Meeting

Sr. No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

Date

26/02/2015

28/02/2015

28/02/2015

01/03/2015

04/03/2015

18/03/2015

20/03/2015

24/10/2015

09/12/2015

Topics Covered

Lecture meet on Understanding Union Budget at Lokmat Media

Reaction on Union Budget

Immediate reaction on Union Budget-2015

Lecture Meet on Union Budget Jointly with Rotary Club

Lecture Meet on Union Budget jointly with NCCL

Lecture Meet on “ Making March Meaningful” Accounting & Taxation Implications jointly with VIA

Lecture Meet on State Budget 2015

Lecture Meet on Current Issues in Domestic Transfer Pricing1. Transfer Pricing method2. Selection of most appropriate method3. Transfer pricing controversies

Lecture Meet on PSI

Chief Guest

CA. Ranjit Dani, Nagpur

CA. Kirti Agrawal, Chairperson

CA. Jayant RanadeCA. Anand DhokaCA. B.C. BhartiaPast Chairmans-

CA. Kailash JoganiCA. Samir BakreCA. Milind Patel

CA.Kirti Agrawal, ChairmanCA. Kapil Bahri

CA. Varun Vijayawargi

CA. Kailash Jogani, Past ChairmanCA. Saket Bagdia

CA. Kailash Jogani, Past ChairmanCA. Mahendra Jain

CA. Hemant Rajandekar

CA. Ajit Gokarn

CA. Yash Verma

CA. G.B. Modi, ChairmanDhule Branch of ICAI

No. of Participants

60

12

150

180

150

150

33

54

59



II. Study Circle Meeting - "Mudde Ki Baat"

Sr. No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

Date

08/01/2015

22/01/2015

26/02/2015

11/04/2015

18/04/2015

22/04/2015

02/05/2015

09/05/2015

16/05/2015

23/05/2015

30/05/2015

13/06/2015

25/07/2015

01/08/2015

12/08/2015

19/08/2015

14/10/2015

Topics Covered

Best Practices for Finalization of MVAT Audit Report

Tax Management under Service Tax

Luxury Tax in Maharashtra- Practical Issues

Current Issues under Companies Act

Current Issues – Service Tax

Current Issues – under Direct Tax

Current Issues Under MVAT Act

Roadmap Ahead for GST

Current Issues – Tax Accounting Standards

Current Issues – Recent Changes in Income Tax Act

Current Issues – New ITR Forms

Undisclosed Foreign Income & Assets ( Imposition of Tax) Bill 2015 popularly known as “ Black Money Bill

Depreciation as per Schedule II under Companies Act 2013

Importance of Public Relations & Mannerism in Building of Practice by a CA- A Senior's Perspective

How to Use the Right to Information Act, 2005 Effectively

Accounting & Taxation For Mutual Funds

Issues under VAT Compliances

Speakers

CA. Ritesh Mehta

CA. Saket Bagdia

CA. Rohit Shette

CA. O.S. Bagdia, Past ChairmanCS. Parag Dasarwar

CA. Hemant Rajandekar

CA. P.C. Sarda

CA. Ritesh Mehta

CA. Satish Sarda, Past Chairman

CA. Amit Surana

CA. Anil Kedia

CA. Tusharkanti Dable

CA. Kailash Jogani, Past Chairman

CA. Dilip LohiyaCA. Krishna Sarda

CA. J.S. UberoiSenior Chartered Accountant

Adv. Tushar Mandlekar

CA. Amit Dani

CA. Sanjay M. Agrawal

No. of Participants

40

35

30

45

35

45

25

45

35

25

35

48

50

60

35

30

35



Sr. No.

1.

Date

18/01/2015to

23/01/2015

Topics Covered

International Residential Refresher Coursea) Professional opportunities in Golfb) Risk based Internal Auditc) Communication Skills- Need of the Hour

Speakers

CA. Sandeep JotwaniCA. Umesh Maheshwari

CA. Amarjeet Singh Sandhu

No. of Participants

24

III. Refresher Course-

4) Number of Training Programs organized on Information Technology for Members - 09

Sr. No.

1.

2.

3.

4.

5.

6.

Date

12/05/2015

13/06/2015

14/06/2015

20/06/2015

01/08/2015

08/08/2015

08/08/2015

Topics Covered

Workshop on E-filing of TDS Returns - Exclusively for Women

Workshop on Information systems Audit

Workshop on Information systems Audit.

Workshop on Tally1. Audit Feature of Tally to generate * MIS for data analytics * Tax Audit Form 3CB & 3CD * Vat Audit Form & Data * Schedule VI information & Financial Statement

2. ODBC SERVER OF Tally to generate and update Financial Statement

Workshop on Tally “ Auditing Through Tally & Use of ODBC in Preparing Automated Financial Statements”

Workshop on New ITR Forms & Precaution while filing returns-1. Comparison between New ITR Forms Vs Old ITR Forms.2. General Precautions to be taken while filling Income Tax Returns for A.Y. 2015-2016.

Speakers

CA. Rajapal Singhai

Shri L.G. Bhute

CA. Jiten Saglani

Shri P. Narsikar CA. Charudutta Marahte

Mr. Sunil Tripathi

CA. Charudutta MarahteCA. Dhananjay Gokhale

CA. Naresh Jakhotia

No. of Participants

20

25

25

57

54

61



Sr. No.

7.

8.

9.

Date

27/08/2015

28/08/2015

29/10/2015

Topics Covered

Data Analytics for Auditors

Workshop on Effective Report Writing

Workshop on Advance Excel

Speakers

Mr Jairam Rajshekhar, Mumbai

Mr. Dhiraj RathiMr. Pankaj Bharghav

CA. Dhananjay GokhaleCA. Jiten Saglani

No. of Participants

36

35

51

5) Number of Industrial Visit undertaken during the year for students - 9

Sr. No.

1

2

3

4

5

6

7

8

9

Date

08/05/2015

08/05/2015

08/05/2015

08/05/2015

08/05/2015

09/02/2015

13/07/2015

15/05/2015

31/07/2015

Industry Visited

Organised Industrial visit at Dinshwaw's Ice Crème Pvt. Ltd

Organised Industrial visit at Dinshwaw's Dary food Pvt. Ltd

Organised Industrial visit at Arrocom Automotive Pvt. Ltd

Organised Industrial visit at Diffusion Engineers Pvt. Ltd

Organised Industrial visit at Supriya Packaging Pvt. Ltd

Educational Tour for GMCS 3rd and 4th Batch at Swaminarayan Temple

Organised Industrial visit at My FM Radio 94.3 for effective communication skills



No. of Students

58

58

58

58

58

90

50

50

50



6) Level of Dignitaries invited during the Programs - Yes

Central Level Dignitaries:

Sr. No. Date Particulars

1. 08/02/2015 Shri Banwarilialji Purohit, Former Member of Parliament

2. 27/02/2015 Shri Rakesh Sethi, CMD Allahabad Bank

3. 05/03/2005 Shri Sudhakar Deshmukh, Member of Legislative Assembly

4. 06/06/2015 Shri Nitin Gadkari, Union Cabinet Minister,Minister of Road & Highway and Shipping.

5. 06/06/2015 Shri. Chandrashekhar Bawankule, Guardian Minister, Energy new and renewable energy Minister.

6. 06/06/2015 Shri Sudhakar Deshmukh, Member of Legislative Assembly

7. 06/06/2015 Shri. S.P. Tulsian, Editor CNBC

8. 06/06/2015 Adv. CA. J.K.Mittal,Advocate in Supreme Court and Co-Chairman, National Council on Indirect Taxes, ASSOCHAM.

9. 09/08/2015 Shri Ashish Deshmukh, Member of Legislative Assembly

10. 09/08/2015 Shri. Krishna Khopade, Member of Legislative Assembly

11. 09/09/2015 Shri. Abhijit Wanzari, former Member of Legislative Assembly

12. 21/09/2015 Shri. Ajay Sancheti, Hon'ble Member of Parliament.

13. 21/09/2015 Shri Krupal Tumane, Member of Parliament

14. 23/09/2015 Shri. Kishore Kharat, MD, IDBI

15. 23/09/2015 Shri. Batra,DMD,IDBI

16. 19/10/2015 Hon'ble Shri. Devendra Fadanvis, Cheif Minister Maharashtra.

17. 26/10/2015 Smt. Sumitra Mahajan, Hon'ble Loksabha Speaker

18. 28/10/2015 Shri Manoj Kumar , Chief General Manager, SEBI

19. 18/12/2015 Smt. Shilpa Agrawal,Mrs. India Globe first runner up.

20. 31/12/2015 Shri. B. C. Bhartia,National President ,Confederation of All India Traders, New Delhi.

(a) Presence of Central Level Dignitaries in various programs conducted by branch during the year:



b) Presence of State Level Dignitaries in various programs conducted by branch during the year:


1. 26/02/2015 Shri K.K. Sonawane, Hon. Principal District Judge

2. 26/02/2015 Shri Kishore Jaiswal, District Legal Service Authority, District Court, Nagpur

3. 24/04/2015 Shri K.V. Subbarao, Chief Regional Manager, IOB

4. 25/04/2015 Shri K.V. Subbarao, Chief Regional Manager, IOB

5. 06/06/2015 Shri Chandrashekar Bawankule, Guardian Minister, Nagpur

6. 07/07/2015 Shri Shekhar Charegaonkar, Chairman Maharashtra State Co-operativeCouncil

7. 13/07/2015 Shri Devendra Darda, Managing Director, Lokmat Media Ltd.

8. 14/07/2015 Shri. Sunil Raisoni, Director Raisoni Group of Institutions

9. 12/08/2015 Shri. S.C. Cham, CCIT Vidharbha Region.

10. 02/09/2015 Shri S.D. Charan, Hon'ble Pr. CCIT, Vidarbha Region

11. 02/09/2015 Shri R.N. Jha, Pr. Commissioner of Income Tax-1

12. 02/09/2015 Shri Chet Ram, Pr. Commissioner of Income Tax -2

13. 02/09/2015 Shri K.T. Zimik, Pr. Commissioner of Income Tax -3

14. 02/09/2015 Shri Aakash Dewangan, Jt. Commissioner of Income Tax

15. 28/11/2015 Shri. Sandeep Tamgade, DIG, CBI



c) Presence of Local Level Dignitaries in various programs conducted by branch during the year:


1. 25/02/2015 Shri Ashish Chandan, Commissioner of Central Excise & Customs

2. 01/03/2015 Shri. Anand Mohta, President, Rotary Club of Nagpur, Ishaanya

3. 05/03/2015 Shri Pravin Datke, Hon'ble Mayor Nagpur Municipal Corporation

4. 08/03/2015 Shri. Shyam Wardhane, NIT Chairman

5. 26/03/2015 Shri D.K. Sood, DGM, Union Bank of India

6. 26/03/2015 Shri Ramesh Ramteke, AGM, Andhra Bank

7. 26/03/2015 Shri Amarendra Kumar Jha, Asst. GM Union Bank

8. 28/03/2015 Shri S.K. Hota, Dy. GM, Union Bank

9. 15/04/2015 Shri. Raakesh Kriplani, Consulting Psychologist, Corporate Human Resource Trainer

10. 17/04/2015 Shri Vinod Verma, Secretary Vidarbha Computer Dealers Association

11. 17/04/2015 Shri S.K. Patankar, DGM Bank of Baroda

12. 24/04/2015 Shri Sudhakar Atre, Chief Manager Bank of India

13. 24/04/2015 Shri. Tushar Pahade

14. 25/04/2015 Shri Sudhakar Atre, Chief Manager Bank of India

15. 06/05/2015 Shri S.K. Panda, Chief Commissioner Central Excise Customs & Service Tax

16. 06/05/2015 Shri Ashish Chandan, Commissioner Appeals

17. 06/05/2015 Mrs. C.R. Meena, Commissioner of C & CE and Service Tax

18. 08/05/2015 Dr. Lokendra Singh, Sr. Consultant in Spinal & Neurosurgery, Writer, Poet

19. 10/05/2015 Shri Venugopal Agrawal, Vice President, Eastern Sports Club

20. 14/05/2015 CA. Ranjan Sharma, Dy. Commissioner of Police, Nagpur

21. 02/06/2015 Shri Rohit Agrawal, Secretary Vidharabh Industries Association

22. 02/06/2015 CA. O.S Bagadia, Chairman Tax Forum ,VIA

23. 02/06/2015 Shri Satish Goyal, Commissioner of Income Tax (TDS)

24. 02/06/2015 Shri D. Ravi Kumar, Addl. Commissioner, Income Tax

25. 02/06/2015 Shri SPG Mudliar, Dy. Commissioner Income Tax

26. 07/06/2015 Shri S.K. Panda, Chief Commissioner Central Excise Customs & Service Tax

27. 07/06/2015 Shri Yogesh Agrawal, Addl. Commissioner Central Excise Customs & Service Tax

28. 07/06/2015 Shri Ashish Chandan, Commissioner Central Excise Customs & Service Tax



29. 08/06/2015 Mrs. Deepali Masirkar, ( DCP) EOW Crime Branch, Nagpur

30. 13/06/2015 CA. Rajesh Jogani, Chairman, Nagpur Chamber of Commerce Ltd.

31. 13/06/2015 Shri. L.G. Bhute

32. 13/06/2015 Shri. P. Narsikar

33. 20/06/2015 Shri Milind Meshram, Assistant Commissioner of Nagpur Local Body Tax

34. 03/07/2015 Shri Sadaram Kumre, Co-operative Department

35. 10/08/2015 Shri Pravin Datke, Hon. Mayor Municipal Corporation, Nagpur

36. 10/08/2015 Mr. Milind Patil, Radio Jockey ,MH 93.5

37. 12/08/2015 Shri. Tushar Mandlekar, Advocate Nagpur High Court

38. 18/08/2015 Shri Atul Pande, CEO of EROS Group

39. 20/08/2015 Shri. Prakash Mehadia, President NVCC

40. 02/09/2015 Shri J.P. Sharma, President, Vidarbha Tax Practice Association

41. 02/09/2015 Shri T.S. Renu, Secretary, Vidarbha Tax Practice Association

42. 05/09/2015 Shri. Babanrao Taywade, President of Nagpur District Amateur Handball Association

43. 06/09/2015 Shri. Saurabh Kumar, GM, Ordnance Factory

44. 06/09/2015 Shri. Shyam Wardhane, NIT Chairman

45. 06/09/2015 Shri. Rajendra Uchake, Chief Fire Officer

46. 06/09/2015 Shri. Nitin Jhawar, Branch Manager, HDFC Ltd.

47. 06/09/2015 Shri. Sushim Kolay, The Hitwada National Advertising Head

48. 06/09/2015 Shri. Abhay Vaidya, Advertising Manager

49. 06/09/2015 Shri. Gaurav Agrawal, Director SDPL

50. 15/09/2015 Shri. S.K. Pandey, Commissioner of Central Excise and Customs

51. 29/09/2015 Shri. Rahul Laddhad, President ,Rotary Club of Nagpur, Ishaanya

52. 28/10/2015 Shri Vikas Jain, Joint Director Industries, Nagpur

53. 28/10/2015 Shri Ravi Varanasi, Chief Business Development, NSE

54. 30/10/2015 Shri D.K. Sood, DGM Union Bank of India

55. 21/11/2015 Shri. P.K. Agrawal, Hon'ble Jt. Commissioner (VAT Admin), Nagpur

56. 21/11/2015 Shri. Vinod Gawai, Deputy Commissioner(Business Audit), Nagpur

57. 21/11/2015 Smt. Sangeeta Mahajan, Deputy Commissioner(Business Audit), Nagpur

58. 18/12/2015 Smt. Chetna Tank, Corporater NMC



7. Involvement of Central Council Members in the above programs organized- Yes

a) Presence of Central Council Members in various programs conducted by branch during the year:


1. 09/02/2015 CA. Jaydeep Shah, Past President, ICAI


3. 26/03/2015 CA. Amarjit Chopra, Past President,ICAI

4. 26/03/2015 CA. Atul Bheda, Ex. Central Counsil Member.

5. 15/05/2015 CA. Mahesh Sarda, Ex. Central Council Member

6. 15/05/2015 CA. Ravi Holani, Ex. Central Council Member.

7. 06/06/2015 CA. Uttam Prakash Agrawal, Past President, ICAI


9. 06/06/2015 CA. Prafulla Chhajed, Hon'ble Central Council Member

10. 06/06/2015 CA. Amarjit Chopra, Past President, ICAI


12. 07/06/2015 CA. Amarjit Chopra, Past President, ICAI

13. 11/06/2015 CA. Nihar Jambusaria, Central Council Member


15. 02/07/2015 CA. Pankaj Mundra,Exe. Committee Member,ICAI Dubai Chapter

16. 13/07/2015 CA. Nilesh Vikamsey, Central Council Member & Vice Chairman BOS

17. 13/07/2015 CA. Uttam Prakash Agrawal, Past President, ICAI

18. 13/07/2015 CA. V. Murali, Chairman BOS


20. 14/07/2015 CA. V. Murali, Chairman BOS



23. 28/11/2015 CA. Harish Motiwala, Ex. Central Council Member

24. 30/12/2015 CA. Manoj Fadnis, Hon'ble President, ICAI

25. 30/12/2015 CA. Sunil Talati, Hon'ble Past President, ICAI

26. 30/12/2015 CA. M.M. Chitale, Hon'ble Past President, ICAI

27. 30/12/2015 CA. Ashok Chandak, Past President, ICAI




b) Presence of Regional Level Members in various programs conducted by branch during the year:


1. 15/05/2015 CA. Sunil Patodia, Chairman WIRC

2. 15/05/2015 CA. Dilip Apte, Vice Chairman WIRC

3. 15/05/2015 CA. Sushrut Chitale, Secretary, WIRC

4. 15/05/2015 CA. Subodh Kedia, Treasurer WIRC

5. 15/05/2015 CA. Julfesh Shah, Regional Council Member





10. 13/07/2015 CA. Anil Bhandari, Regional Council Member

8. Branch Newsletter 1. Branch Newsletter

Monthly E-Newsletter (Pdf. files is enclosed in DVD- ref. Pg No. 78-81 - Yes

9. Website Redesigned and updated website of the Nagpur branch is maintained regularly, visit- www.nagpuricai.org . To keep the members updated regarding various upcoming events and other activities of branch Mobile application -"ICAI Nagpur" and other applications have been formed. (Applications can be downloaded from smart phones)

Suggestion /inputs have been given for the improvement of the ICAI website to HO. - Enclosure No. 1, Pg. No. 69

10. Improvement of Journal Suggestions were given for the improvement of the ICAI Journal - Enclosure No. 2, Pg.No._69

11. Representation to Central Council by way of - 1) Comments on Exposure drafts of Auditing and Assurance Standards - Enclosure No. 3, Pg.No. 70

2) Suggestions for Pre and Post Budget Memorandum - Enclosure No. 4(I) and 4(II), Pg. No._70, 71 3) Other matters pertaining to Members/ Students/ Professional Development/ Professional Opportunities i) The ICAI Nagpur branch on 9th March,2015 sent to the suggestions on the" Changes to be proposed in the Chartered Accountancy Course" Secretary, The Institute of Chartered Accountants of India, Indraprastha Marg ,New Delhi. - Enclosure No. 5, Pg. No. 73,7 4



12. 14/07/2015 CA. Hardik Shah, Chairman WICASA

13. 14/07/2015 CA. Subodh Kedia, Treasurer WIRC

14. 14/08/2015 CA. Makarand Joshi, Ex. Vice Chairman, WIRC



17. 28/11/2015 CA. Shardul Shah, Regional Council Member


19. 30/12/2015 CA. Sushrut Chitale, Secretary, WIRC



ii) ICAI Nagpur branch presented a on 7th July , 2 0 1 5 memorandum before Mr. Shekhar Charegaokar, Chairman of Maharashtra State Co-Operative Federation in the matters concerning- Allotment of Audit of Co-operative Societies Empanelment Procedure of Auditors, Increase In Audit Fees In Case of Co- operative Audit of Societies / Banks, Continue Updation / Changes Into Law & Rule of Co- operative Societies, Responsibility of Filling FIR. - (Enclosure No. 6, Pg. No. 75)

iii) Nagpur branch of ICAI on 24th March, 2015 sent a request to Dr. V.S. Deshpande, Hon'ble Vice Chancellor, RTM Nagpur University to reschedule the examination dates of commerce stream ( B.COM part- II) for summer 2015, to enable students to appear in both the examinations as the dates were clashing with that of Chartered Accountancy Examinations (CA- IPCC ). - (Enclosure No. 7, Pg. No. 76)iv) Nagpur branch of ICAI sent request on 13th April 2015 to Hon'ble President / Incharge, Trustee Mandal, Shree Nagpur Gujarati Mandal, Nagpur to provide one room for CA Students to use as for the period till 20th May, 2015, at any of their esteemed institutions :reading room V.M.V. Commerce, J.M.T. Arts and J.J.P. Science College, Wardhaman Nagar, Nagpur. Shri U.N.H.S. School, Queta Colony, Nagpur. (Enclosure No. 8(I), Pg. No 76 )

v) Nagpur branch of ICAI sent request on 04th August 2015 Hon'ble President / Incharge, Trustee Mandal, Shree Nagpur Gujarati Mandal, Nagpur to provide one room for CA Students to use as reading room for the period till 16th November, 2015, at any of their esteemed institutions : V.M.V. Commerce, J.M.T. Arts and J.J.P. Science College, Wardhaman Nagar, Nagpur. Shri U.N.H.S. School, Queta Colony, Nagpur . (Enclosure No. 8(II), Pg. No. 76)

vi) Nagpur branch has tie up with two Institutions on an honorary basis for Reading Room/ Liabrary on yearly basis-

M.K.H. Sancheti Public School & Junior College Nagpur. Kamla Nehru Engineering College Nagpur. (Enclosure No. 9, Pg. No. 77)

vii) Nagpur branch is pleased to inform that it has tie up to conduct GMCS/ Orientation course on nominal charges in the premises of two institution-

M.K.H. Sancheti Public School & Junior College Nagpur. Kamla Nehru Engineering College Nagpur. (Enclosure No. 10, Pg. No. 77)

viii) Representation was given to Mayor of the Nagpur to allow us the premises for reading room facility. (Enclosure No. 11, Pg. No. 77)

12. Awareness to Members about the different portals of ICAI in Seminars/ Conference/ Study Circle Meetings For the first time, Mobile APP- ICAI Nagpur, was also launched. Nagpur Branch is regularly informing the members to register on various portals of ICAI like Faculty registration portal, Examiner registration portal, Observer registration portal etc. Women and Young Members were invited regularly to participate in activites of Women and Young Member Empowerment Committee.

13. Publicizing the Institutes activities through Print / electronic media Yes, Major news concerning ICAI is regularly published in monthly Newspaper clippings. In Nagpur, almost daily news items are printed in the leading newspapers about the major activities of the Institute. The electronic media and cable network also are broadcasting programs related to the Institutes' Activities. More than 1000 press reports had appeared in the newspapers related to ICAI activities at Nagpur during the year. Various announcements, faculty registration portals, scholarship details, promotion of WMEC and YMEC, information about national level events etc. was regularly published in the newsletter. ( Pg.No. 78-81)



14. Cultural Activities

a) Celebration of Chartered Accountants day on 1st July

Sr. No. Date Programme Chief Guest Venue No. of Participants

1. 26/01/2015 Republic Day Celebration YMCA Nagpur 40CA. R.M. Shah Members Sports Festival a) Badminton b) Table Tennis c) Chess d) Carrom

2. 01/07/2015 Flag Hoisting Past Chairman ICAI Bhavan 150CA. O.S. Bagadia, Past President, ICAICA. Jaydeep Shah,

3. 01/07/2015 Blood Donation Camp ICAI Bhavan 94CA. C. N. Rathi

4. 01/07/2015 Organ Donation Awareness Programme ICAI Bhavan 150CA. Shambhu Tekriwal (17 Members & Students took pledge)

5. 01/07/2015 Eye Check up Camp ICAI Bhavan 150CA. Atul Khemka

6. 01/07/2015 Dental Check Up Camp Past Chairman ICAI Bhavan 150CA. Kavita Loya,

7. 01/07/2015 Skin & Hair Care Camp RCM ICAI Bhavan 150CA. Julfesh Shah,

8. 01/07/2015 Basic Body Check Up Camp, ECG/BP/Blood Sugar ICAI Bhavan 150CA. Ravindra Temurnikar

9. 05/07/2015 Walkathon Past Chairman Futala Lake, 75 CA. Pankaj Agrawal, Telangkhedi

10. 05/07/2015 Cyclothon Futala Lake, 75CA. Amit S. Agrawal Telangkhedi

11. 05/07/2015 Cultural Programme - Ek Shyam CA Ke Naam Remarks : Ek Shyam CA Ke Naam Agrasen Bhawan 450 Cultural Programme



Sr. No. Date Programme Chief Guest Venue No. of Participants

1. 15/08/2015 ICAI Bhavan 85Independence Day Celebration CA. Jayant Ranade Flag hoisting Patriotic Rally

b) Celebration of Independence Day Celebration

Sr.No. Date Felicitation of Central/ State/CCM/RCM/ Local dignitaries No of Participants

1. 08/02/2015 Felicitation of Newly Qualified CAs at Chitnavis Centre, Nagpur. At the hands of Shri Banwarilalji Purohit, 300 Former Member of Parliament.

2. 25/02/2015 Felicitation of Commissioner of Central Excise & Customs Shri Ashish Chadan at the hands of CA. Kirti Agrawal, Chairman 8

3. 27/02/2015 Felicitation of Shri Rakesh Sethi, Chairman cum Managing Director, Allahabad Bank at the hands of CA. Kirti Agrawal, 12 Chairman

4. 05/03/2015 Nagpur Branch organised Holi Milan Programme at ICAI Bhavan, Dhantoli Nagpur for Members and their family. 120

5. 15/04/2015 Orgnised Women Round Table League on ( WRTL) Quality of Life- Emotions and 37WOMEN ROUND TABLE LEAGUE - Relations in 21st Century at ICAI Bhavan. Mr. Raakesh Kriplani Consulting Psychologist, Corporate Human Resource Trainer, Nagpur was Guest Speaker

6. 05/05/2015 Felicitation of Shri S.K. Panda, Chief Commissioner, Centre Excise Customs & Service Tax at the hands of 8 CA. Kirti Agrawal, Chairman

7. 08/05/2015 Organised Fellowship Meet on Mind you Mind ( A healthy Mind) at ICAI Bhavan, Dhantoli 60FELLOWSHIP MEET - Nagpur. Dr. Lokendra Singh Sr. Consultant in Spinal & Neurosurgery, Writer, Poet, Nagpur was Guest Speaker

8. 10/05/2015 Nagpur Branch organised Swimming Contest for Members at Eastern Sports Club wardhaman 35SWIMMING CONTEST - Nagar Nagpur. CA.Lalit Jham was Chief Guest and Shri Venugopal Vice President, Eastern Sports Club was Guest of Honour

9. 15/05/2015 Felicitation of CA. Ranjan Sharma, Dy. Commissioner of Police, Nagpur at Hotel Centre Point, Nagpur at the hands of 185 CA. Kirti Agrawal, Chairman

c) Any Other Activities




10. 15/05/2015 Felicitation of CA. Sunil Patodia, Chairman WIRC at Hotel Centre Point, Nagpur at the hands of CA. Kirti Agrawal, Chairman 185

11. 15/05/2015 Felicitation of CA.Dilip Apte, Vice Chairman WIRC at Hotel Centre Point, Nagpur at the hands of CA.Kirti Agrawal, Chairman 185

12. 15/05/2015 Felicitation of CA Sushrut Chitale, Secretary WIRC at Hotel Centre Point, Nagpur at the hands of CA. Kirti Agrawal, Chairman 185

13. 15/05/2015 Felicitation of CA. Subodh Kedia, Treasurer WIRC at Hotel Centre Point, Nagpur at the hands of CA. Kirti Agrawal, Chairman 185

14. 15/05/2015 PRESS MEET WITH WIRC CHAIRMAN - Organised press meet with CA. Sunil Patodia, Chairman WIRC, CA. Dilip Apte, 25 Vice Chairman WIRC,CA. Sushrut Chitale, Secretary and CA. Subodh Kedia, Treasurer WIRC at Hotel Centre Point, Nagpur

15. 31/05/2015 Organised Snooker & Pool Competition at Magic Pool Bajaj Nagar 7

16. 06/06/2015 Felicitation of Shri Nitinji Gadkari, Union Cabinet Minister at Hotel Radisson Blu at the hands of CA. Kirti Agrawal, Chairman 192

17. 06/06/2015 Felicitation of Shri Chandrashekhar Bawankule, Guardian Minister, Nagpur at Hotel Radisson Blu at the hands of 192 CA. Kirti Agrawal, Chairman

18. 06/06/2015 Felicitation of Shri Sudhakar Deshmukh, MLA at Hotel Radisson Blu at the hands of CA. Kirti Agrawal, Chairman 192

19. 07/06/2015 Felicitation of Shri S.K. Panda, Chief Commissioner Customs, Central Excise & Service Tax, Nagpur Zone at 192 Hotel Radisson Blu at the hands of CA. Kirti Agrawal, Chairman

20. 07/06/2015 Felicitation of Shri Ashish Chandan Commissioner Customs, Central Excise & Service Tax, Nagpur Zone at 192 Hotel Radisson Blu at the hands of CA. Kirti Agrawal, Chairman

21. 07/06/2015 Felicitation of Shri Yogesh Agrawal Addl. Commissioner Customs, Central Excise & Service Tax, Nagpur Zone at 192 Hotel Radisson Blu at the hands of CA. Kirti Agrawal, Chairman

22. 21/06/2015 On the occasion of International Yoga Day Nagpur Branch organised Yoga day at 45INTERNATIONAL YOGA DAY - ICAI Bhavan, Dhantoli Nagpur. Shri Dilip Pathak, Yogpatu was Yoga Trainer

23. 07/07/2015 Felicitation of Mr. Shekhar Charegaokar, Chairman of Maharashtra State Co-operative Council at ICAI Bhavan, Nagpur 12

24. 13/07/2015 Felicitation of Shri Devendra Darda Managing Director Lokmat Media Pvt. Ltd.at IMA Hall at the hands of 586 CA. Kirti Agrawal, Chairman

25. 13/07/2015 Felicitation of CA. Nilesh Vikamsey, CCM & Vice Chairman BOS at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

26. 13/07/2015 Felicitation of CA. Uttam Prakash Agrawal Past President, ICAI at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586




27. 13/07/2015 Felicitation of CA. Hardik Shah, Chairman WICASA at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

28. 13/07/2015 Felicitation of CA. Subodh Kedia, Treasurer WIRC at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

29. 14/07/2015 Felicitation of CA. Jaydeep Shah, Past President, ICAI at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

30. 14/07/2015 Felicitation of Shri Sunil Raisoni, Chairman Raisoni Group of Industries at IMA Hall at the hands of 586 CA. Kirti Agrawal, Chairman

31. 14/07/2015 Felicitation of CA. V. Murali, CCM & Chairman BOS at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

32 .09/08/2015 Felicitation of Newly Qualified CAs at Chitnavis Centre, Nagpur. At the hands of Shri Ashish Deshmukh, MLA 250

33. 09/08/2015 Felicitation of Shri Ashish Deshmukh, MLA at Chitnavis Centre at the hands of CA. Kirti Agrawal, Chairman 250

34. 12/08/2015 Felicitation of Shri S.D. Charan, CCIT Vidarbha region at Aaykar Bhavan at the hands of CA. Kirti Agrawal, Chairman 125

35. 20/08/2015 Felicitation of Shri Prakash Mehadia, President Nag Vidarbha Chamber of Commerce at the hands of CA. Kirti Agrawal, 15 Chairman

36. 02/09/2015 Felicitation of Shri S.D. Charan, Hon. CCIT, Vidarbha Regionat ICAI Bhavan, Dhantoli, Nagpur at the hands of 110 CA. Kirti Agrawal, Chairman

37. 05/09/2015 - Organised Teachers Day Celebration at ICAI Bhavan in which Faculties of Nagpur 100TEACHERS DAY CELEBRATION Branch were fecilitated at the hands of CA. Jaydeep Shah,Past President, ICAI

38. 12/09/2015 Organised Branch foundation Day Celebration & Felicitation of Former Managing 110BRANCH FOUNDATION DAY- Committee Members and Bhajan Sandhya at Chitnavis Centre Nagpur

39. 17/09/2015 Felicitation of Shri S.K. Pandey Commissioner of Central Excise at office of Central Excise, Nagpur at the hands of 4 CA. Kirti Agrawal, Chairman

40. 17/09/2015 Organised Ganpati Festival at Branch PremisesGANPATI FESTIVAL - to 27/09/2015

41. 23/09/2015 Felicitation of Shri Shri Kishore Kharat, MD & Shri Batra , DMD - IDBI Bank at the hands of CA. Swapnil Ghate, 6 Vice Chairman

42. 19/10/2015 Nagpur Branch of WIRC of ICAI organised Smart City Conclave in association with SPIN TV, Nagpur Municipal Corporation, Nagpur Improvement Trust, Nagpur Metro Rail Corporation Ltd. , MADC- MIHAN at Rajwada Palace Nagpur.




43. 21/10/2015 Felicitation of Shri Krupal Tumane Member of Parliament at Dattawadi Garba Maidan, Gajanan Society Amravati Road, 8000 Nagpur at the hands of CA. Kirti Agrawal, Chairman

44. 26/10/2015 Felicitation of Smt. Sumitra Mahajan, Hon. Loksabha Speaker at Raj Bhavan, Nagpur at the hands of CA. Kirti Agrawal, 6 Chairman

45. 09/11/2015 On the occasion of Diwali CA. Kirti Agrawal and office bearers of Nagpur Branch performed the 20DIWALI POOJA - Dhanteras Pooja at Branch Premises

46. 28/11/2015 Felicitation of Shri Sandeep Tamgadge,DIG, CBI at Deshpsnde Sabhagruha at the hands of CA. Kirti Agrawal, Chairman 300

47. 30/12/2015 Felicitation of CA. Monoj Fadnis, Hon. President, ICAI at Hotel Centre Point, Nagpur at the hands of 358 CA. Kirti Agrawl, Chairman

48. 30/12/2015 Organised Interactive Meet of office bearers of Trade & Industries Association 10MEET WITH TRADE ASSOCIATION - with Hon. President, ICAI CA. Manoj Fadnis at ICAI Bhavan

15. Library Activities i) Library and Reading Room is Maintained by the Branch - Yes ii) New Books/Professional Journals/ Periodicals added - 10 books added iii) Utilization of Library grants - Yes (Certificate enclosed)

16. Cohesive Working

Entire Managing Committee works in most cohesive atmosphere. We work like a family under the able guidance and support of Central Council Members & Regional Council Members, Past President, Past Chairman and seniors from the profession and during the year number of times Nagpur branch witnessed their presence in various activities.

17. Contribution to the society The Nagpur Branch of ICAI had contributed to society by conducting following programs: Managing Committee and other members delivered lectures on Budget at various programs jointly with other organizations. Branch also associated with local cable operators and organized business talk on various technical subjects like MVAT, Service Tax, Income Tax, VCES and also the role of Chartered Accountants in society. Investor awareness programs and joint programs with other organizations were appreciated by all. Various career counseling Meetings were organized at various Schools in and around Nagpur. On the occasion of Chartered Accountants day Nagpur Branch organized Tree Plantation, Blood Donation Camp, Eye Check up, Dental Check up, Basic Body Check up Camp, Skin & Hair Care Camp, Organ Donation Awareness programs in which members & students donated blood.



Nagpur Branch visited orphanage, Dumb & Deaf schools, Blind relief schools and distributed note book /practical books/ bags/ pen /pencil etc. to the students. Nagpur Branch had organized an awareness programme on Swachha Bharat Abhiyan at Dattawadi Garba Ground. · Women's Day Rally was conducted at Saint Ursula School, Civil Lines, Nagpur. Nagpur branch also organised women round table League (WRTL) Quality of Life- Emotions and Relations in 21st Century at ICAI Bhavan, Dhantoli Nagpur.

Sr. No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

Date

13/06/2015To

14/06/2015

08/03/2015

22/03/2015

31/05/2015

13/07/2015

29/07/2015

02/08/2015

09/08/2015

09/08/2015

09/08/2015

10/08/2015

22/08/2015

Topics Covered

Dare to Dream 1.0 Career Counseling Programme(Jointly with Entrepreneur Cafe)

Organised Women's Day Rally at ST. Ursulla, School ground.

Orphanage Visit at Deaf & Dumb School Nagpur

Organised Seminar on How to Crack CPT Exam at DNC Nagpur

Career Counseling Programme About CA Course at My FM Radio 94.3

Career Counseling Live Programme on CA Course Curriculum on All India Radio

Orphanage Visit at Bahuuddeshiya Sanstha and distributed Litracy Kit.

Tree Plantation at Bishop Cotton School

Tree Plantation at Ursulla High School

Tree Plantation at Vinayalaya High School

Organised Meeting for Tree Plantation Drive at Nagpur at Municipal Corporation Nagpur

Career Counseling Meet on How to pursue CA Course at G.S College , Nagpur

Speakers

CA. Swapnil AgrawalPast Chairman, ICAI Nagpur

CA. Girish Deodhar

CA. Kirti Agrawal, Chairman attended the meeting

Chief Guest

CA. Julfesh Shah, RCMChairman ICAI, NagpurCA. Kirti Agrawal,

CA. Suren Duragkar Chairman WICASA, Nagpur

Shri Shyam Wardhane, NIT Chairman

CA. Kirti Agrawal, ChairmanCA. Suren Duragkar , Chairman WICASA,

CA. Swapnil Agrawal

CA. V. Murali, Chairman BOSPast President, ICAICA. Jaydeep Shah,

ChairmanCA. Kirti Agrawal,

CA. Kirti Agrawal, ChairmanCA. T.S. Rawal

CA. Kirti Agrawal, Chairman ICAI NagpurCA. Ajay Vaswani

CA. Raju Naidu

CA. Sachin Mukewar

CA. O.S Bagdia

Led by Shri Pravin Datke, Hon'ble Mayor Municipal Corpration Nagpur

CA. Sandeep JotwaniCA. Swapnil Agrawal

No. of Participants

250

80

40

50

10

2

80

60

125

100

35

150



Sr. No.

13.

14.

15.

16.

17.

Date

05/09/2015

06/09/2015

09/09/2015

29/09/2015

21/10/2015

Topics Covered

Career counseling programme On How to pursue CA Course at DNC College, Nagpur.

Organised Tree Plantation Jointly with SDPL at SDPL Paradies, Nagpur

Career counseling programmeOn How to pursue CA Course at Kamala Nehru College, Nagpur

Career counseling programmeOn How to pursue CA Course at Lakhotia Bhutda High School, Nagpur

Organised Swachh Bharat Abhiyan Awareness Programme at Dattawadi Garba Maidan, Gajanan Society Amravati Road, Nagpur

Speakers

Led by CA. Kirti AgrawalChairman,

ICAI Nagpur branch

Chief Guest

CA. Kirti AgrawalCA. Umang Agrawal

Shri. Saurabh Kumar, GM Ordnance FactoryShri Shyam Wardhane, NIT Chairman

Shri Rajendra UchakeChief Fire Officer, Nagpur

Shri Nitin Jhawar, Branch Manager, HDFC Ltd. Shri Sushim Kolay,

The Hitavada National Advertising Head Shri Abhay Vaidya Advertising Manager,

Shri Gaurav Agrawal, Director SDPL

CA. Kirti Agrawal, ChairmanCA. Swapnil Ghate, Vice Chairman

CA. Kirit KalyaniCA. Suren Duragkar


Shri Krupal Tumane, Member of Parliament


No. of Participants

300

60

300

300

8000

18. Preparation of research papers 1. Nagpur Branch of ICAI prepared of Research paper on “Issues in Adoption of Accrual System of Accounting in Government send to New Delhi office &

WIRC office (Enclosure is in DVD)



1. Organised Seminar / Workshops/ International Conference/ All India Conference/Convention/Conclave/Regional Conference/ Sub- Regional Conference.

C- ACTIVITY FOR STUDENTS

Sr. No. Date Topics Covered Chief Guest / Speakers No. of Participants

1. 21/03/2015 Seminar on Accounts-1 CA. Vipul Vora 11

2. 24/03/2015 Seminar on Information Technology and Strategic Management CA. Pawan Gahukar 19

3. 26/03/2015 Seminar on Direct Tax CA. Farooq Haque 02

4. 28/03/2015 Seminar on Business Law, Ethics & Communication Mr. Kunal Mandhania 61

5. 30/03/2015 Company Law 2013 Mr. Kunal Mandhani 04\

6. 01/04/2015 Seminar on Cost Accounting CA. Rupam Bardia 02

7. 02/04/2015 Seminar on Financial Management CA. Roopam Bardia 32

8. 05/04/2015 Seminar on Indirect Tax CA. Avanti Jain 02

9. 06/04/2015 Seminar on Accounts -2 CA. Sumit Soni 02

10. 09/04/2015 Seminar on Audit ( Standard on Auditing & Company Audit) CA. Ravi Taori 44

11. 10/04/2015 Seminar on Audit( Other Important Concept CA. Ravi Taori 44

12. 22/03/2015 Seminar on Strategic Financial Management CA. Pushpam Chourasia 34

13. 25/03/2015 Seminar on Indirect Tax ( Case laws & Amendments) CA. Farooq Haque 26

14. 27/03/2015 Seminar on Accounts CA. Pushpam Chourasia 19

15. 29/03/2015 Seminar on Information System Control & Audit CA. Pushpam Chourasia 61

16. 31/03/2015 Seminar on Corporate & Allied Laws Mr. Pawan Gahukar 102

17. 03/04/2015 Seminar on Cost Accounting Mr. Farooq Haque 46

18. 04/04/2015 Seminar on Direct Tax (Case Law & Amendments) CA. Manoj Sharma 53

19. 07/04/2015 Seminar on Quantitative Techniques CA. Ayaz Sayani 58

20. 09/04/2015 Audit ( Standard on Auditing & Company Audit) CA. Manoj Sharma 86

21. 10/04/2015 Seminar on Audit (Other Important Concepts) CA. Ravi Taori 86

22. 23/03/2015 Half Day Seminar on Finance Bill & Amendments CA. Akshay Gulhane 10

1. Direct Taxes 2. Indirect Taxes CA. Saket Bagdia

I. Seminar



Sr. No. Date Topics Covered Chief Guest / Speakers No. of Participants

23. 28/03/2015 Full Day Seminar on Bank Branch Audit CA. Sankalp Deshpande CA. Govind Batra 50 CA. Swapnil Agrawal CA. Yash Verma Shri S.K. Hota Dy. General Manager Canara Bank

24. 06/06/2015 Interactive Meet with CA. Students at ICAI Bhavan CA. Uttam Prakash Agrawal, Past President, ICAI 120 CA. Prafulla Chhajed, CCM

25. 07/06/015 Lecture Meet on Motivation at ICAI Bhavan CA. Amarjit Chopra, Past President, ICAI 100

26. 13/06/2015 Dare to Dream 1.0 Career Counseling Programme CA. Swapnil Agrawal, Past Chairman, ICAI Nagpur To ( Jointly with Entrepreneur Cafe) CA. Girish Deodhar 250 14/06/2015 CA. Julfesh Shah, RCM Guests of Honour CA. Kirti Agrawal, Chairman ICAI, Nagpur CA. Suren Duragkar, Chairman WICASA, Nagpur

27. 27/06/2015 Seminar on Companies Act-2013 1. Acceptance of Deposits, Loans & Advances & Related Party CA. Rohit Kumar Singh Transactions. CA. Amarjeet Singh Sandhu 33 2. Companies Amendments Act, 2015 & Exemptions to Pvt. Ltd. Co, CA. Jiten Saglani 3. Discussion on Statutory Audit Report ( Incl. CARO) 4. Auditors Role, Responsibility & Appointment

28. 22/08/2015 Seminar on How pursue CA Course CA. Sandeep Jotwani 150 CA. Swapnil Agrawal

29. 05/09/2015 Seminar on How to pursue CA Course CA. Kirti Agrawal 300 CA. Umang Agrawal

30. 09/09/2015 Seminar on How to pursue CA Course CA. Kirti Agrawal, Chairman CA. Swapnil Ghate. Vice Chairman 300 CA. Kirit Kalyani CA. Suren Duragkar

31. 29/09/2015 Seminar on How to pursue CA Course CA. Kirti Agrawal, Chairman 300



II. Conference- National Convention for CA Students on 13/07/2015 - 14/07/2015

Topics Covered Led By Guest No. of Participants

Technical Session Topics:1. Auditing & Financial Reporting2. Information Technology & Networking3. Taxation4. Emerging opportunities and Role of CAs5. Grand Cultural Night on Day 1

Technical session Chairman:CA. Nilesh Vikamsey, Vice Chairman BOS

CA. Anil Bhandari, RCMCA. Julfesh Shah, RCM


Special Session -Chairman

CA. Uttam Prakash AgrawalPast President, ICAI

CA. V. Murlali, Chairman BOS

Devendra Darda, Managing Director, LokmatCA. V. Murlali, Chairman ,BOS

Vice Chairman BOSCA. Nilesh Vikamsey,Past President, ICAICA. Uttam Prakash Agrawal,

CA. Subodh Kedia, Treasurer WIRC Chairman WICASACA. Hardik Shah,

Mr. Sunil Raisoni, Chairman Raisoni Group of Institutions

586

III. Study Circle Meetings - 09

Sr. No.

1.

2.

3.

4.

5.

6.

Date

15/05/2015

06/06/2015

07/06/015

13/07/2015

13/07/2015

14/07/2015

Topics Covered

Interactive Meet with WIRC Chairman & other office Bearers

Interactive Meet with CA. Students at ICAI Bhavan

Lecture Meet on Motivation at ICAI Bhavan

Interaction with students on Perform to Succeed

Interaction with students on Communication Skills

Interactive Meet with CA. Students at ICAI Bhavan

Speakers

CA. Sunil Patodia, Chairman, WIRCCA. Dilip Apte, Vice Chairman, WIRCCA. Sushrut Chitale, Secretary, WIRCCA. Subodh Kedia, Treasurer, WIRC

CA. Julfesh Shah, RCM, WIRCCA. Kirti Agrawal, Chairman Nagpur Branch

CA. Uttam Prakash Agrawal, Past President, ICAI

CA. Amarjit Chopra, Past President, ICAI

CA. Prafulla Chhajed, CCM


CA. V. Murali, Chairman, BOS.

No. of Participants

120

120

100

120

60

120



Sr. No.

7.

8.

9.

Date

10/08/2015

05/09/2015

30/12/2015

Topics Covered

Mr. & Ms. GMCS Programme

Interactive Meet on Unfold Your Wings

Interactive Meet with CA. Students on Potential unlimited

Speakers

Chief Guest :R.J. Milind


CA. Manoj Fadnis, President, ICAI

No. of Participants

75

100

120

2. Organised Elocution Contest/ Debate - Yes

3. Organised Quiz - Yes

4. Coaching Classes Conducted - Coaching Classes CPT/ IPCC/ Final - Yes

Sr. No.

1.

2.

3.

Date

13/03/2015 to 19/03/2015

13/03/2015 to 19/03/2015

21/03/2015 to10/4/2015

Topics Covered

Test Series IPCC for May-2015 Exam

Test Series Final for May 2015 Exam

IPCC Classes -1. Accounts-12. Information Technology and Strategic Management3. Direct Tax4. Business Law, Ethics & Communication5. Company Law 20136. Cost Accounting7. Financial Management8. Indirect Tax9. Accounts -210. Audit ( Standard on Auditing & Company Audit)11. Audit ( Other Important Concepts)

Speakers

CA. Vipul VoraCA. Pawan GahukarCA. Farooq Haque

Mr. Kunal MandhaniaMr. Kunal Mandhania

CA. Rupam BardiaCA. Rupam Bardia

CA. Avanti JainCA. Sumeet SoniCA. Ravi TaoriCA. Ravi Taori

No. of Participants

10

19

485



Sr. No.

4.

5.

6.

7.

8.

9.

10.

Date

22/03/2015 to

10/04/2015

31/05/2015

01/06/2015

09/09/2015 to

16/09/2015

10/09/2015 to

16/09/2015

05/10/2015To

12/10/2015

06/10/2015To

12/10/2015

Topics Covered

FINAL Classes – A Series of one day revisionary 1. Strategic Financial Management2. Indirect Tax ( Case laws & Amendments)3. Information System Control & Audit4. Corporate & Allied Laws5. Cost Accounting6. Direct Tax ( Case Law & Amendments)7. Quantitative Techniques8. Audit ( Standard on Auditing & Company Audit)9. Audit (Other Important Concepts)

CPT Mock Test

CPT Classes-AccountsEconomicsMathematicsStatisticLaw

Test Series Final

Test Series IPCC

Test Series Final

Test Series IPCC

Speakers

CA. Pushpam ChourasiaCA. Farooq Haque

CA. Pushpam ChourasiaMr. Pawan GahukarMr. Farooq HaqueCA. Manoj SharmaCA. Ayaz Sayani

CA. Manoj SharmaCA. Ravi TaoriCA. Ravi Taori

CA. Virag MitkaryCA. Ashish GhateCA. Neeraj BatraMrs. Sonia Batra

CA. Poonam Khandelwal

No. of Participants

175

157

38

8

16

30

48



5. Maintained Library / Reading Room for the use of the students - Yes

Nagpur Branch has made available the facility of Reading Room for Chartered Accountants Students at ICAI Bhavan, Dhantoli Nagpur, V.M.V. Commerce College and Shri U.N.H.S. School also special tie up for availibility of reading room throughout the year with MKH Sancheti Public School & Junior College and Kamala Nehru College, Nagpur so that the students can study with full concentration and efficiency for their examinations.

6. The branch has obtained accreditation from the Institute for 100 hours compulsory Computer Training Course at the Branch IT lab.

I- Information Technology Course-

Sr No. Batch No Start Date End Date No. of Students

1 Batch no 171 02-Jan-15 31-Jan-15 402 Batch no 172 02-Jan-15 31-Jan-15 403 Batch no 173 02-Jan-15 31-Jan-15 404 Batch no 174 02-Feb-15 28-Feb-15 40 5 Batch no 175 02-Feb-15 28-Feb-15 40 6 Batch no 176 02-Jan-15 31-Jan-15 277 Batch no 177 01-Jun-15 30-Jun-15 408 Batch no 178 01-Jun-15 30-Jun-15 39

9 Batch no 179 01-Jul-15 31-Jul-15 40


10 Batch no 180 01-Jul-15 31-Jul-15 39

11 Batch no 181 01-Jul-15 31-Jul-15 40

12 Batch no 182 01-Aug-15 30-Aug-15 40

13 Batch no 183 01-Aug-15 30-Aug-15 40

14 Batch no 184 01-Aug-15 30-Aug-15 40

15 Batch no 185 01-Dec-15 30-Dec-15 40

16 Batch no 186 01-Dec-15 30-Dec-15 40

17 Batch no 187 01-Dec-15 30-Dec-15 40

II. Advance ITT-


1 Batch no 1 1-Apr-15 31-Jan-15 402 Batch no 2 1-May-15 31-Jan-15 343 Batch no 3 15-May-15 31-Jan-15 404 Batch no 4 1-Jun-15 31-Jan-15 405 Batch no 5 15-Jun-15 31-Jan-15 40



7. Classes for GMCS course and Orientation program held by the branch itself and they are Not Outsourced

A. GMCS -I Course GMCS -II Course

Sr No. Batch Schedule Batch No. No. of Participants

1 12/01/2015 - 26/02/2015 Batch No. 26th 49 2 19/01/2015 - 02/02/2015 Batch No. 27th 50 3 03/02/2015 - 17/02/2015 Batch No. 28th 50 4 04/03/2015 - 29/03/2015 Batch No. 29th 45 5 01/06/2015 - 18/06/2015 Batch No. 30th 49 6 22/06/2015 - 10/07/2015 Batch No. 31st 50 7 29/06/2015 -15/07/2015 Batch No. 32nd 40 8 05/10/2015 - 19/10/2015 Batch No. 33rd 47 9 23/11/2015 - 7/12/2015 Batch No. 34th 50 10 14/12/2015 - 28/12/2015 Batch No. 35th 50 11 14/12/2015 - 28/12/2015 Batch No. 36th 50


1 29/01/2015 -13/02/2015 Batch No. 3rd 45 2 29/01/2015-13/02/2015 Batch No. 4th 45 3 22/06/2015-10/07/2015 Batch No. 5th 50 4 29/06/2015-15/07/2015 Batch No. 6th 50 5 16/07/2015-30/07/2015 Batch No. 7th 46 6 27/07/2015-10/08/2015 Batch No. 8th 50 7 27/07/2015-10/08/2015 Batch No. 9th 25

B. Orientation Programs


1 14/02/2015-18/02/2015 Batch No.82nd 50 2 19/02/2015-23/02/2015 Batch No.83rd 47 3 01/06/2015-05/06/2015 Batch No.84th 50 4 29/06/015-03/07/2015 Batch No.85th 50 5 20/07/2015-24/07/2015 Batch No.86th 50 6 03/08/2015-07/08/2015 Batch No.87th 50 7 10/08/2015 -14/08/2015 Batch No.88th 50 8 07/09/2015 -11/09/2015 Batch No.89th 50 9 23/11/2015 -27/11/2015 Batch No.90th 50 10 07/12/2015 -11/12/2015 Batch No.91st 50



Sr.No. Date Particulars No of

Participants

1. 26/01/2015 Republic Day Celebration led by CA. R.M. Shah at YMCA Nagpur 40

2. 09/02/2015 Educational Tour for GMCS 3rd and 4th Batch at Swaminarayan Temple 90

3. 05/03/2015 Nagpur Branch organised Holi Milan Programme at ICAI Bhavan, Dhantoli Nagpur for Members and their family. 20

4. 08/03/2015 Women's Day Rally at ST. Ursulla ,School ground. 80

5. 08/05/2015 Organised Industrial visit at Dinshwaw's Ice Crème Pvt. Ltd 58

6. 08/05/2015 Organised Industrial visit at Dinshwaw's Dary food Pvt. Ltd 58

7. 08/05/2015 Organised Industrial visit at Arrocom Automotive Pvt. Ltd 58

8. 08/05/2015 Organised Industrial visit at Diffusion Engineers Pvt. Ltd 58

9. 08/05/2015 Organised Industrial visit at Supriya Packaging Pvt. Ltd 58

10. 15/05/2015 Felicitation of CA. Sunil Patodia,Chairman WIRC at Hotel Centre Point, Nagpur at the hands of CA.Kirti Agrawal,Chairman 185

11. 15/05/2015 Felicitation of CA. Dilip Apte, Vice Chairman WIRC at Hotel Centre Point, Nagpur at the hands of CA. Kirti Agrawal, 185

Chairman

12. 15/05/2015 Felicitation of CA. Sushrut Chitale, Secretary WIRC at Hotel Centre Point, Nagpur at the hands of CA. Kirti Agrawal, 185

Chairman

13. 15/05/2015 Felicitation of CA. Subodh Kedia, Treasurer WIRC at Hotel Centre Point, Nagpur at the hands of CA.Kirti Agrawal, Chairman 185

14. 15/05/2015 Organised Industrial visit at My FM Radio 94.3 for effective communication skills 50

15. 31/05/2015 Organised Snooker & Pool Competition at Magic Pool Bajaj Nagar 7

16. 07/06/015 Felicitation of CA.Amarjit Chopra, Past President, ICAI at ICAI Bhavan, Nagpur at the hands of CA. Kirti Agrawal, Chairman 100

17. 21/06/2015 On the occasion of International Yoga Day Nagpur Branch organised Yoga day at 45INTERNATIONAL YOGA DAY -

ICAI Bhavan, Dhantoli Nagpur. Shri Dilip Pathak, Yogpatu was Yoga Trainer

18. 01/07/2015 Flag Hoisting led by CA. O.S. Bagadia, Past Chairman and CA. Jaydeep Shah, Past President, ICAI at ICAI Bhavan 150

19. 01/07/2015 Blood Donation Camp led by CA. C. N. Rathi at ICAI Bhavan 94

20. 01/07/2015 Organ Donation Awareness Programme led by CA. Shambhu Tekriwal at ICAI Bhavan 150

21. 01/07/2015 Eye Check up Camp led by CA. Atul Khemka at ICAI Bhavan 150

22. 01/07/2015 Dental Check Up Camp led by CA. Kavita Loya, Past Chairman at ICAI Bhavan 150

23. 01/07/2015 Skin & Hair Care Camp led by CA. Julfesh Shah, RCM at ICAI Bhavan 150

24. 01/07/2015 Basic Body Check Up Camp (ECG/BP/Blood Sugar) led by CA. Ravindra Temurnikar at ICAI Bhavan 150

c) Any Other Activities



25. 05/07/2015 Walkathon led by CA Pankaj Agrawal, Past Chairman at Futala Lake, Telangkhedi 75

26. 05/07/2015 Cyclothon led by CA. Amit S. Agrawal at Futala Lake, Telangkhedi 75

27. 05/07/2015 Cultural Programme - Ek Shyam CA Ke Naam Cultural Programme at Agrasen Bhawan 450


29. 13/07/2015 Felicitation of CA. Prafulla Chhajed, CCM at ICAI Bhavan, Nagpur at the hands of CA. Kirti Agrawal, Chairman 120

30. 13/07/2015 Felicitation of Shri Devendra Darda Managing Director Lokmat Media Pvt. Ltd.at IMA Hall at the hands of 586


31. 13/07/2015 Felicitation of CA. Nilesh Vikamsey, CCM & Vice Chairman BOS at IMA Hall at the hands of CA. Kirti Agrawal,Chairman 586

32. 13/07/2015 Felicitation of CA. Uttam Prakash Agrawal Past President, ICAI at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

33. 13/07/2015 Felicitation of CA. Hardik Shah, Chairman WICASA at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

34. 13/07/2015 Felicitation of CA. Subodh Kedia, Treasurer WIRC at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

35. 14/07/2015 Felicitation of CA. Jaydeep Shah, Past President, ICAI at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

36. 14/07/2015 Felicitation of Shri Sunil Raisoni, Chairman Raisoni Group of Industries at IMA Hall at the hands of CA. Kirti Agrawal, 586

Chairman.


38. 14/07/2015 Felicitation of CA. V. Murali, CCM & Chairman BOS at IMA Hall at the hands of CA. Kirti Agrawal, Chairman 586

39. 02/08/2015 Orphanage Visit at Bahuuddeshiya Sanstha and distributed stationary material at the hands of 80

40. 10/08/2015 Organised Meeting for Tree Plantation Drive at Nagpur at Municipal Corporation Nagpur. 35TREE PLANTATION DRIVE -

Led by Shri ravin Datke, Hon. Mayor Municipal Corpration. CA. Kirti Agrawal, Chairman attended the meeting

41. 15/08/2015 Independence Day Celebration led by CA. Jayant Ranade 85

42. 06/09/2015 Organised Tree Plantation Jointly with SDPL at SDPL Paradies, Nagpur at the hands of TREE PLANTATION -

CA. Kirti Agrawal Chairman,Shri Saurabh Kumar, GM Ordnance Factory Shri Shyam Wardhane, NIT Chairman, 60

Shri Rajendra Uchake Chief Fire Officer, Nagpur,Shri Nitin Jhawar, Branch Manager, HDFC Ltd. Shri Sushim Kolay,

The Hitavada National Advertising Head,Shri Abhay Vaidya Advertising Manager ,Shri Gaurav Agrawal Director SDPL

43. 15/09/2015 Organised Ganpati Festival at Branch Premises GANPATI FESTIVAL -

44. 21/10/2015 Organised Swachh Bharat Abhiyan Awareness Programme at Dattawadi Garba Maidan, 8000SWACHHA BHARAT ABHIYAN -

Gajanan Society Amravati Road, Nagpur. Shri Krupal Tumane Member of Parliament was Guest speaker

45. 09/11/2015 On the occasion of Diwali CA. Kirti Agrawal and office bearers of Nagpur Branch performed the 20DIWALI POOJA -

Dhanteras Pooja at Branch Premises

46. 30/12/2015 Felicitation of CA. Manoj Fadnis, President, ICAI at ICAI Bhavan, Nagpur at the hands of CA. Kirti Agrawal, Chairman 120



ENCLOSURES

Enclosure No. 128th December, 2015. Suggestions for ICAI websiteFor Members 1) Data bank of members should be created for all of their details and documents such as registration certificate, certificate of practice etc. Login and password should be provided to the respective members to access the said information. 2) Deliberations of various international, national and state level dignitaries should be uploaded on the website. Where audio lectures are not available, then atleast text of the same should be provided. 3) Vacancies for various faculties required for courses should be disclosed on the site. 4) There are various service providers who provide information about tenders on payment of a hefty sum. Institute should take initiative and tie up with these service providers to give this information on the website of the institute. 5) Sub-committee portal should be regularly updated. 6) Emphasis should be placed on initiatives taken for young members and women members, thereby highlighting the same on institute's website. 7) Video gallery needs updation. 8) Major activities of regional offices and branch offices across the country should be highlighted to increase the participation of members and students on pan India basis. 9) Site Map for members services should be displayed in one page having all links to Choose From 10) Photo Gallery on first page at a prominent place with Location wise Event wise Groups 11) Tenders Empanelment not on main site but on PDC Site. At least a link should be given on the main site. 12) Presentation of Links in a Flipkart sort of format 13) Graphics Presentation of Subjects - ICONS for Subjects or Items 14) List of files for download 15) Review of each page by Visitor – For Example, “ Whether this page was useful – Yes or No” And Comments for Improvement so that continuous review can be achieved 16) Availability of Status Tracking of various Critical Application for Members and Students 17) Site Search Engine Function is not giving desired results and should be made more relevant and sensitive. 18) Announcements / Updates should be sorted and displayed in subject wise grouping. 19) E-library should be classified clearly on the basis of free download and on chargeable basis 20) Various events should be classified and grouped on the basis of Subjects first and then location of the event. 21) Link to the Official Directory of Regional offices should be highlighted.For Students 1) Data bank of students should be created incorporating all of their details and documents such as registration numbers, mark sheets, certificates etc. Login and password should be provided to the respective students to access the said information. 2) Information regarding vacancy for article assistants required by various CA firms, should be given on the website. 3) Information about library, reading rooms and accommodation facilities available for students at prominent locations should be provided on the website. 4) Information about inhouse courses for CPT/IPCC/Final conducted at various locations should be made available on the website. 5) Site Map for students services should be displayed in one page having all links to Choose From

Enclosure No. 227th December,2015. Suggestions for Improving CA Journal 1. Continuity of articles should not be compromised for the sake of advertisements. 2. A consolidated data of all the articles bifurcated topic wise should be managed, so that articles related to particular topic could be searched on the click of a button. 3. Quality of pages should be improved. 4. The font size of the journal should be increased to make the reader's experience comfortable and soothing to eyes. 5. With recent opening of our economy for international corporate business houses our profession has also become global. Hence it is the need of the hour to have articles of International Expertise in our Journal so that members can have first hand information about various happening in other countries concerning our profession. 6. Chartered Accountants are known to be experts of accounts and taxation but in this dynamic changing business world we cannot remain aloof to economic policies and developments of the country. Industry wise Sector wise specific updates and data should be included in every month.



7. Our profession has become dynamic now days and members are required to advice clients on various other matters other than core areas like audit and taxation. The coverage of write ups can be broadened by including articles on various other topics like industrial policy, labour laws etc. rather than only covering academic issues. 8. ICAI Journal is one the best medium to spread awareness amongst members about various professional opportunities. Inclusion of information about Tenders / Professional opportunities for members will also encourage members to invariably have a glance at the journal. 9. Eminent writers from other fields can be invited so that our members can be benefited. 10. Instead of having continuous write ups in lengthy formats, pictorial presentation of the topic will increase the readability and interest of the readers. 11. Inclusion of Humorous cartoons can be thought of wherever possible to make the topic lighter. A knowledge base entertaining section can also be introduced to make learning with fun. Comments on Exposure Drafts of Revised SAs 700, 705, 706, 570 and New SA 701

Enclosure No. 3As requested by you, we are sending our comments on Exposure Drafts of Revised SAs 700, 705, 706, 260, 570 and New SA 701.

1. The proposed SA 700 prescribes a new format for the auditor's report, wherein the first section of the report shall be the “Opinion” section. The proposal has effectively combined the Introductory Paragraph with the Auditor's Opinion Paragraph. This is a welcome change as this would put additional emphasis on the auditor's opinion and will give additional prominence to this part of the report. 2. The proposed SA 700 has also added the “Basis for Opinion” paragraph which will follow the “Opinion” para. This para will include some content which earlier used to be included under the “Auditor's Responsibility” para. Additionally the Basis for Opinion para will include a reference to the Code of Ethics of the 'Institute of Chartered Accountants of India'. This is a welcome change, as this will provide additional assurance to the readers of the report regarding the independence of the auditor. 3. The proposed SA 700, in the “Auditors Responsibility” para states that the audit provides 'reasonable assurance' and is not a guarantee but gives a high level of assurance. This para has also been shortened a bit. This para and the “Managements Responsibility” para have been proposed to be placed after the “Basis for Opinion” and “Key Audit Matters” para. Thus, the proposal very effectively changes the sequence of the report to bring important paragraphs in the report to the very top. This will significantly enhance the readability of the audit report. 4. It is also proposed to amend the “Management's Responsibility” para as per the proposed SA 570, to include that the management is responsible to assess the entity's ability to continue as a going concern. It also states that the Board of Directors are responsible for overseeing the Company's financial reporting process. This would provide the users of the financial statements an assurance regarding the going concern assumption of the entity about the financial reporting process. And would also further engage the management and those charged with governance. 5. The New SA 701 has introduced a new para, the “Key Audit Matters” para. This is one of the most significant changes in the auditor's report. This would surely enhance the communicative value of the report. This paragraph would successfully highlight the key matters in the audit. The earlier report did not contain any provison to highlight the key matters. This para would also include the reasons why the matter is a key matter and also how it was addressed. Thus it will put responsibility on the auditor to communicate to the users the important matters and address them to the satisfaction of the users of financial statements. This proposal address the interests of the users in matters where the auditor has engaged with those charged with governance and will bring about additional transparency. The auditor will be required to e x p l a i n t h e s i g n i f i c a n t j u d g e m e n t s m a d e i n f o r m i n g a n o p i n i o n o n t h e f i n a n c i a l s t a t e m e n t s . T h i s w i l l b e a v a l u e a d d i t i o n f o r t h e u s e r s . But the proposed SA 701 restricts the scope of the Key Audit Matters para to the current period only. It would be better to extend the scope to the previous year in case of comparative financial statements. 6. As per the proposed SA 705, when the auditor expresses a Qualified or Adverse or Disclaimer of Opinion, the heading shall be amended accordingly. This would make it clear to the user that the auditor's opinion is modified.

Concluding we would like to say that the proposed SA's 700, 705, 706, 570 and the New SA 701 would be a significant value addition to the users of financial statements.

Enclosure No.4 (I) Pre Budget Memorandum24th March,2015 Pre- Budget Memorandum for Direct Taxes. Union Budget 2015 presented the by Finance Minster on 27th February, 2015 in the house should have announced provisions to streamline the tax structure. We hereby submit our Pre- Budget Memorandum as under: 1.) Need to educate Tax Payers – Tax Payers should be educated regarding benefits of paying taxes honestly. Change in the attitude of department is required regarding treatment of tax payers as customers or clients. 2.) Filing of tax Returns by NRIs having one or more property in India – Tax return filing should be made compulsory by NRIs with regard to income received or accrued or arise or deemed to accrue or arise in India with respect to fixed assets held by them. 3.) Single ITR Form for all taxpayers should be provided to simplify the return filing procedures. 4.) Procedure for surrender of PAN should be prescribed for those businesses that are closed and were previously required to compulsorily file return. 5.) An online grievance redressal facility could be provided on the websites to answer the queries related to TDS and E-filing of Returns.



Enclosure No.4 (II) Post Budget Memorandum24th March,2015. Post Budget Memorandum for Direct Taxes.

Union Budget 2015 presented the by Finance Minster on 27th February, 2015 in the house should have announced provisions to streamline the tax structure.

We hereby submit our post Budget Memorandum as under:

2015 Budget Blues : Concerns in Service Tax, Excise & Customs Proposals which Needs immediate attention of CBEC

The Narendra Modi Goverment presented the first full-year Union Budget on February 28, 2015, Saturday in the backdrop of huge expectations of General public, Industry & Corporates I am discussing herewith some of the key concerns on Union Budget 2015 in the field of Excise, Customs & Service Tax, which needs immediate attention/intervention by the Central Board of Excise and Customs. 1. Notification No. 12/2015-CE, dated 1.3.2015 amends Notification No. 12/2012, dated 17.3.2012.Two conditions 52 and 53 are inserted in the parent notification. These conditions relates to the exemption of excise duty for Supply through ICB to Mega power projects. The problem is Notification No. 12/2012 already has a condition No. 52. Now where do you insert the second Condition No.52? Will the Board clarify? 2. Supplies from DTA to SEZ : Whether Rebate to Continue & What about Rule 5 Refund for Supplies to Deemed Export Projects ? BUDGET 2015-16 has amended Rule 18 of Central Excise Rules, 2002 w.e.f. 01.03.2015 by specifically defining the term 'export' which shall include only Physical exports. This amendment appears to have raised the question as to whether the manufacturers clearing goods from Domestic Tariff Area ('DTA') to Special Economic Zone ('SEZs') will be allowed rebate of duty paid or not. In other words, post amendment w.e.f. 01.03.2015, the issue as to whether clearance of goods by a manufacturer in DTA to the SEZs qualifies as 'export' or not for the purpose of claiming rebate has now become a subject matter of debate.Furthermore as now Exports would cover only physical exports there is a question on the applicability of Rule 5 refund in cases the asessee is supplying goods to Domestic as well as Deemed Export projects ( under ICB to mega Status projects or to 100% EOU ) 2. Non-excisable goods included within the ambit of 'exempted goods' - but only for the purpose of Rule 6(1) of the Credit Rules . Further Confusion ?Vide Notification No. 6/2015-CE(NT) dated March 1, 2015, Explanations to Rule 6(1) of the Credit Rules have been inserted to state that for the purpose of this Rule, exempted goods and final products shall includeNon-excisable goods cleared for a consideration from the factory. Though an Explanation has been added under Rule 6(1) of the Credit Rules, but the stated explanation may open up fresh issues of litigation because the definition of 'Exempted goods' under Rule 2(d) of the Credit Rules has not been amended simultaneously. Non excisable goods means the goods which are not mentioned in the Central excise tariff having NIL rate of duty or which are exempted vide a exemption Notification. On inclusion of Non Excisable goods for the purpose of rule 6 the value of the same has to be considered for reversal of common Inputs or input services by a manufacturer of dutiable or exempted products or service provider rendering taxable and exempted services.

3. Withdrawal of Education Cess and Secondary and Higher Education Cess : Whether a relief or a Burden ? With the underlying theme of setting the stage for GST, the Union Budget, 2015 has proposed to do away with the Cess. While withdrawal of Cess on Excise duty has been made effective from March 1, 2015, as a parallel change, Cess on Service tax has also been proposed to be withdrawn from the date to be notified after enactment of the Finance Bill, 2015. It is worthwhile here to note that there is no proposal to do away with the Cess on Customs duty and hence Cess on Customs duty will continue to be levied. The said amendment brings many unaddressed issues as rule 3(7)(b) of the Cenvat credit Rules, 2004 permit utilisation of Cenvat credit of Excise duty/ Service tax for payment of Cess but not vice versa. As No Refund scheme is announced on the Unutilized portion of Both the cess the following needs immediate attention of Boarda) What will be the fate of balance of Cess lying unutilized in the hands of manufacturer as on March 1, 2015 and service provider (from a date to be notified)? b) Time lag between effective dates of withdrawal of Cess under the Service Tax and the Central Excise – Accumulation of Credit in the hands of manufacturers. c) Accumulation of Cess distributed by an Input Service Distributor (“ISD”) to manufacturing Unit d) What will be the treatment of balance 50% of the Credit of Cess on the Capital goods? 4. Swachh Bharat Cess – Impact on 'Common Man' Our Beloved Prime Minister has dreamt of Swachh Bharat, thus a new Chapter VI has been inserted in the Finance Bill, 2015 that contains a new levy of Cess called the 'Swachh Bharat Cess' . This Chapter empowers the Central Government to impose Cess on all or any of the taxable services at the rate of 2% of the value of such services, for the purpose of financing and promoting Swachh Bharat initiatives or for any other purpose relating thereto. It is worth observing that the Government has not given any further details of the levy of SB Cess. As a matter of course, SB Cess will increase the rate on taxable services and in effect the Service tax rate will increase up to 16%, rather than 14%, as stated by the Hon'ble Finance Minister in his Budget Speech. The hike in Service tax rate will definitely raise the burden of tax on the 'Aam Aadmi'. Further numbers of questions are haunting the minds of the assessee as follows: a) What all services are going to be covered under the levy of SB Cess? In the absence of clearly defined provisions, it is likely that the SB Cess may re-ignite the tussle on 'classification' of services.b) Whether Cenvat credit of SB Cess would be available or not because there are no amendments proposed in the Credit Rules?



c) Whether there will be restriction as regards utilisation of SB Cess as was in case of EC and SHEC? 5. Ease of Business: Service tax registration within 2 working days – Why only for single premises : Whether a Myth or a Reality ?The Hon'ble Finance Minister in his Budget, 2015 Speech has stated that “To further facilitate the ease of doing business, online central excise and service tax registration will be done in two working days…”

Accordingly, vide Notification No. 5/2015-ST dated March 1, 2015 (effective from March 1, 2015), Rule 4 of the Service Tax Rules, 1994 has been amended to provide that the CBEC shall, by way of an Order, specify the conditions, safeguards and procedure for registration in Service tax. In this regard Order No. 1/15-ST dated February 28, 2015, effective from March 1, 2015 has been issued, prescribing documentation, time limits and procedure for registration for single premises. It has also been prescribed that henceforth registration for single premises shall be granted within 2 days of filing of application.

The speech of the Hon'ble Finance Minister gave an impression that all sorts of Service tax and Central Excise registration would be granted within 2 working days. Had that been the intention, the Order would not have dealt only with the procedure for registration specifically for single premises. This can be taken to construe that the assessee applying for Centralised registration would not be eligible for benefit of 'ease of doing business' as contemplated by the Hon'ble Finance Minister.

6. Reimbursable expenditure charged by the service provider – Whether still excludible to Service tax? Clause 109 of the Finance Bill, 2015 has proposed to substitute Explanation (a) to Section 67 of the Finance Act providing meaning of the term 'Consideration' to, inter alia, include within its purview all reimbursable expenditure or cost incurred and charged by the service provider.The issue of taxability of out-of-pocket expenses has always been a matter of litigation. Before April 19, 2006 there was no specific provision to this effect. However, from April 19, 2006 onwards, with the introduction of the Service Tax (Determination of Value) Rules, 2006 vide Rule 5(1) thereof, Service tax is applicable on gross consideration including all expenses barring the expenses incurred as pure agent. The matter of taxability of such expenses, which is reimbursed by the service recipient, came before various Courts from time to time.

With the landmark judgment in the case of Intercontinental Consultants and Technorats Pvt. Ltd. Vs. Union of India [2013 (29) S.T.R. 9 (Del.)] the Hon'ble High Court of Delhi declared Rule 5(1) of the Valuation Rules as ultra vires of erstwhile Section 66 and Section 67 of the Finance Act and eventually was stucked down. The Intercontinental Case has laid down clearly that a Rule can never exceed or go beyond the Section which provides for the charge or collection of Service tax. At the same time, it was also laid down that Service tax is not exigible on reimbursements of expenses claimed on actual basis by service provider.

Later being aggrieved by the decision of the Hon'ble High Court of Delhi in the Intercontinental Case, the Department filed a Petition for special leave to appeal before the Hon'ble Supreme Court. The Hon'ble Supreme Court has granted leave to appeal and Petition was converted into civil appeal in the case of Union of India Vs. Intercontinental Consultants & Technocrats (P.) Ltd. [(2014) 49 taxmann.com 520 (SC)].

Now, with the proposed amendment in Section 67 of the Finance Act providing for taxability of all reimbursable expenditure despite the pendency of the matter before the Hon'ble Supreme Court, has given light to another area of doubt as to whether the Industry should wait for decision of the Hon'ble Supreme Court in the stated matter or follow the amendments to be made effective after the enactment of the Finance Bill, 2015.

7. Encroachment by Union to the taxing powers of States and issue of double taxation The Union Budget, 2015 has brought certain amendments in the Negative List of Services given under Section 66D of the Finance Act and the Mega Exemption Notification No. 25/2015-ST dated June 26, 2012 providing certain new exemptions from Service tax and at the same time, removing certain Service tax exemptions presently available. However, the same has raised the issue of crossing the constitutional hurdles of division of legislative powers of taxation amongst the Union and States and that of double taxation. Eg : Proposed Service tax to be levied on Admission to various entertainment events, Music concerts, access to amusement parks etc which are already charged to Entertainment tax under the State laws.

8. Rationalization of penal provisions by substituting Section 78 of the Finance Act Section 78 of the Finance Act has been amended to rationalize the provisions relating to penalties in cases involving fraud or collusion or willful misstatement or suppression of facts or contravention of any provision of the Act or Rules with the intent to evade payment of Service tax, in the following manner:

“78. (1) Where ________ ---------------------Provided that where such service tax and interest is paid within a period of thirty days of -(i) the date of service of notice under the proviso to sub-section (1) of section 73, the penalty payable shall be fifteen per cent of such service tax; (ii) the date of receipt of the order of the Central Excise Officer determining the amount of service tax under sub-section (2) of section 73, the penalty payable shall be twenty-five per cent of the service tax so determined: Provided further that the benefit of reduced penalty under the first proviso shall be available only if the amount of such reduced penalty is also paid within such period.The said amendment would be effective only after the enactment of the Finance Bill, 2015.Section 78 of the Finance Act as prevailing at present contains the following provisos :“(1) Where -------- -------------------- “-

Provided also that in case of a service provider whose value of taxable services does not exceed sixty lakh rupees during any of the years covered by the notice or during the last preceding financial year, the period of



thirty days shall be extended to ninety days.

(2) .................................Provided further that if the penalty is payable under this section, the provisions of section 76 shall not apply.....”On one hand, the stated amendment extends additional benefit of reduced penalty of 15% if Service tax, interest and reduced penalty is paid within 30 days of service of Show Cause Notice under Section 73(1) of the Finance Act and 25% if the Same is paid within 30 days of the receipt of Order in Original which may be considered as an appreciated move to reduce burden of penalty on asessees.

The new substituted Section 78 of the Finance Act does not contain the stated 2 provisos which benefited the small service providers and non levy of penalty under sec 76 if penalty under sec 78 is imposed. No doubt that the amended Section 76 and Section 78 of the Finance Act has upheld the mutually exclusive nature of the penalties under Section 76 and Section 78 thereof by drafting both the Sections in such a manner. In other words, Section 76 of the Finance Act to levy penalties in cases not involving fraud or collusion or willful misstatement or suppression of facts or contravention of any provision of the Act or rules with the intent to evade payment of Service tax and Section 78 thereof to cover fraud etc. cases.

However, the issue still remains to be under litigation as in almost all the cases, the Department alleges involvement of fraud or collusion or willful misstatement or suppression of facts or contravention of any provision of the Act or rules with the intent to evade payment of Service tax. Ironically instead of providing relaxation to the assesses from penal provisions under the Finance Act, the Union Budget, 2015 has snatched away some important relaxations from penalties specifically from the hands of small service providers. The Board is required to liberalise penal provisions at least for the small service providers and clear amendment that Penalty levied could either be under Section 76 or Section 78 of the Finance Act.

9. Omission of Section 80 of the Finance Act – Harsh amendment for Honest Tax payers Clause 114 of the Finance Bill, 2015 has proposed to omit Section 80 of the Finance Act that provides waiver from penalty in case of reasonable cause shown. At present, Section 80 of the Finance Act reads as under:“80. (1) Notwithstanding anything contained in the provisions of section 76, or section 77, no penalty shall be imposable on the assessee for any failure referred toin the said provisions, if the assessee proves that there was reasonable cause for the said failure.

(2) ......................”The Finance Bill, 2015 has proposed to omit the concept of 'reasonable cause' as existing presently in Section 80 of the Finance Act. On the contrary, the newly substituted Section 76 of the Finance Act uses the words “for any reason, other than reason of fraud or collusion or wilful misstatement or suppression of facts or contravention of any of the provisions of this Chapter or of the rules made thereunder with the intent to evade payment of service tax” for imposing penalty on non-levy, short levy, and default in payments thereto or erroneous refunds of duties and taxes in Service tax.Accordingly, in terms of the newly proposed Sections 76 of the Finance Act with Section 80 thereof being omitted from the Act, even honest assessees will have to face the brunt of imposition of penalties even when there is reasonable cause for non-payment of Service tax.

Disclaimer: The contents of this document are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the authors nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this document nor for any actions taken in reliance thereon.

These were some points that we thought should have form a part of Post- Budget Memorandum.

Enclosure No. 59th March ,2015. Suggestions on the Changes to be proposed in the Chartered Accountancy Course

In CA Final course there should be one optional subject considering the area in which the students wish to specialize. Some part of articelship training should be invested in compulsory Industrial Training as maximum CA pass-outs opt for jobs in various multi-national companies.Articelship should start after clearing either of the groups of IPCC as the new syllabus of both groups of IPCC include practical as well as theory subjects.Open book exams should be introduced specially for theory subjects where focus should be Analytical Skills and Knowledge & not the ability of mugging up the course.The role of computers in the field of CA's is to a large extent (Accounting ,tally ,CAAT ,SAP ,ERP) .The complete removal of Information Technology subjects from the syllabus of both Intermediate and final is not being considered that advisable .Without a post qualification course(DISA), the qualified Chartered Accountants will be un aware of many basic IT terminologies used in everyday functioning of a business. Suggestion: Information Technology course can be tailored and shared with other subject papers but should not be totally neglected from the syllabus.There are significant changes in the pattern of the course . The recent draft of amendment reflects that the time allotted for orientation, GMCS and ITT courses are combined to form new courses ICITSS and advanced ICITSS have been introduced for three weeks respectively. I personally think that the area where CA's majorly lack in the market is presentation n communication skills (basic reason why MBA students outsmart CA students). As well as the removal of the subject Information Technology on both IPCC and final level should be covered to maximum extent in ITT courses. As per the new suggested scheme the summated time for the courses will decrease which in turn should have been increased as compared to the current courses going on. Suggestion: Increasing the duration of ICITSS and advance ICITSS from three weeks to five weeks respectively.Results of CPT exam: It is observed that the rate of results of all levels in the CA examination declines as student moves from CPT to CA final .As students clear CPT examination in large numbers and



gradually it becomes difficult to pass the examination in further levels as the efforts so made in the foundation level is quite less as required in other levels .We believe that , the percentage of students passing should be balanced throughout. So, the toughness of the subjective examination in the foundation level should be so optimized that the students should make efforts to clear foundation examinations which in turn will be helpful to them in their future journey of Chartered Accountancy.In the foundation level the core subject accountancy should be subjective rather than objective and economics should be kept objective as it was before .This can help the students to get through the subject of accountancy in the same manner as required in other levels. The stretching up of the examination pattern will take up an additional year to qualify CA which is why it is not very recommendable.Organising ICITSS, before joining the articleship, may create undue pressure on branch to organize and accommodate the eligible students.

11th April 2015, Suggestions for CA Course and Training

S. No. Issue Suggestions 1 Direct Entry 1. None of the prestigious courses allow direct entry to their curriculum. In CA too, direct entry could be stopped which could save students from other hardships such as when direct entry students find it difficult to cope up with the level of study. 2 English at 1. Theoretical teaching of English cannot improve communicating skills of any person. So, introduction of English at foundation level is not recommended. Instead a Foundation Level related topic could be added in ICIT and Adv. ICIT level. 3 Type of questions in In the foundation level the core subject accountancy should be subjective rather than objective and economics should be kept objective as it was before. This can help Foundation Level Exams the students to get through the subject accountancy in the same manner as required in other levels. 4 Removal of ITSM & ISA The role of computers in the field of CA's is to a large extent (Accounting, tally, CAAT, SAP, ERP) .The complete removal of Information Technology subjects from the syllabus of both Intermediate and final is not being considered that advisable .Without a post qualification course(DISA), the qualified Chartered Accountants will be un aware of many basic IT terminologies used in everyday functioning of a business. Suggestion: Information Technology course can be tailored and shared with other subject papers but should not be totally neglected from the syllabus. · Even if it is said that IT subjects will be covered at the AICITSS, but students won't prepare it at the same level as they prepare it for the final written examinations of respective exams. So removal of these subjects from exam is not recommended. SM helps students to gain knowledge about concepts like Six Sigma, TQM, Conglomerate-Concentric Diversification, Transformational-Transitional leadership, Ps of Marketing are few concepts that can make significant difference if our students are not aware of these concepts. SM also imbibes managerial skills, which CA students generally lack. 5 Addition of International 1. There is never any harm in studying one more topic and this subject might act as a catalyst in professional growth. So international taxation is a welcome step. Taxation 6 Reduction of duration of practical training and industrial training 7 Other issues related to 1. Some part of articleship training should be invested in compulsory Industrial Training as maximum CA passouts opt for jobs in various multinational companies. training 2. Articleship should start after clearing either of the groups of IPCC as the new syllabus of both groups of IPCC includes practical as well as theory subjects. The stretching up of the examination pattern will take up an additional year to qualify CA which is why it is not very recommendable. Dummy articleship is one of the major problems which is faced today. To avoid the same, we have following proposals: a. Liability should be put on CA if they allow dummy article. b. Quarterly working reports should be sent to ICAI c. Coaching classes for CA Final and IPCC 2nd Group shouldn't be between 11:00 am to 5:30 pm. 8 Additions to syllabus 1. Chapter/subject on Drafting documents (Notes to accounts, standards on auditing, qualifications, disclaimers, appeals, compliances to legal notices, report writing etc.) needs to be introduced with the proper weightage and coverage. Most of members students lack the skill even after qualifying the exams. 9 ATC course 1. ATC course is a relief for those students who find it difficult to clear CA exam but are good as accountants. This course should not be repealed atleast as long as direct entry in the curriculum is permitted. 10 Reliance on Private 1. Proper coaching and college environment should be introduced for CA students by institute itself, so as to create healthy study environment for CA students and Coaching also to further bridge the gap between ICAI and CA students. 11 Entry & exit to the course 1. The percentage of students passing should be balanced throughout. So, the toughness of the subjective examination in the foundation level should be so optimized that the students should make efforts to clear foundation examinations which in turn will be helpful to them in their future journey of Chartered Accountancy.



S. No. Issue Suggestions

12 Practical Training in Industry 13 Compulsory class room 1. Class room training is gaining importance, before a student joins an article ship, compulsory Articleship Orientation Programme can be introduced where in the instructions importance of practical training, the basics of subjects can be taught along with the other rules and regulation, discipline one must adhere to while undergoing training can also be covered. a. Introduction to Accounting Standards b. Introduction to Auditing c. Introduction to Direct Taxes d. Introduction to Internal Audit e. Introduction to Service Tax f. E-Filing of Returns g. Introduction to VAT h. Excellence in Profession - How do I get there? 14 Sunday Test Paper Scheme 1. Sunday test paper scheme can be reintroduced with online examination so that the students are aware of what preparation is expected from them. The present system students prepare only for last few month, this is creating an undue failure on part of training and the knowledge that is required before they qualify to write their exams. 2. Some few pre written exams should also be introduced so that it enhances the writing and drafting skill. May be short exam on only drafting skills. 15 Other Suggestions 1. In CA Final Course there should be one optional subject considering the area in which the students wish to specialise. 2. Open book exams should be introduced specially for theory subjects where focus should be Analytical Skills and Knowledge & not the ability of mugging up the course. 3. Tablets should be introduced for students at CA Final level which will act as CA's encyclopaedia for them.. 4. Complete digitalization of registration for exams is proposed. 5. The quality of study material needs to be enhanced. The language needs to be improvise, lengthy paragraph needs to be cut short, presentation with form of tables, references can be introduced, graphics, case studies need to be incorporated. 6. 2 Colour study material can add to interest and readability. 7. The compilation can be done in more numbers based on topics, The carry and readability will be improved when the material size is less and its easy to open the page . 16 ICITSS & Adv ICITSS 1. CAs majorly lack in presentation and communication skills (basic reason why MBA students outsmart CA students). As per the new suggested scheme the summated time for the courses will decrease which in turn should have been increased as compared to the current courses going on. Suggestion: Increasing the duration of ICITSS and advance ICITSS from three weeks to five weeks respectively. 2. Organising ICITSS before joining article ship may create undue pressure on Branches to organise and accommodate the eligible students to complete the course and qualify the same. Instead the same be done in First year of article ship.

Enclosure No. 67/7/2015 MEMORANDUM BEFORE CHAIRMAN OF MAHARASHTRA STATE CO-OPERATIVE FEDERATION

Allotment of Audit of Co-operative Societies - Allotment of Audit procedure to be conducted on the lines of allotment of Bank Branch Audit by Reserve Bank of India, so as to increase transparency and avoid conflict of interest.

Empanelment Procedure of Auditors - Empanelment of CA firms to be done with the help of ICAI as data available with MEF is already available for Bank Branch Audits with the ICAI. For gradation of CA Firms Department should rely on the affidavit submitted by Auditor at the time of empanelment.

Increase In Audit Fees In Case of Co-operative Audit of Societies / Banks - As more risk involved due to unorganized operations and management skill into co-operative societies as compare to audit of nationalized bank and co-operative bank; audit fees should commensurate with the Risk Involve in the audit of a Co-operative Societies.

Continue Updation / Changes Into Law & Rule of Co-operative Societies - Considering time to time updation / changes in Law & Rules of Co-operative Societies, circulars as issued by the Registrar of Firms should be made available to Auditors by publishing them on Web Domain or by Circulating through mail.

Responsibility of Filling FIR - The responsibility of filling FIR should be shifted to competent authority to whom Reports are being submitted by the Auditors, so that after the scrutiny of them necessary action of filing FIR may be taken by the Department or Competent Authority.



Enclosure No. 724th March, 2015 Request for rescheduling of paper of BCOM - part- II

We are happy to inform you that the Institute of Chartered Accountants of India is a statutory body established under the Act of Parliament viz., The Chartered Accountants Act, 1949 in the year 1949 for

regulating the profession of Chartered Accountancy in the country.

Nagpur branch of our Institute is one of the most vibrant branches amongst 147 branches. The branch has been adjudged as the Best Branch of the country and Western Region on several occasions.

ICAI conducts examination for CA-CPT, CA-IPCC & CA-FINAL every year twice (in May & Nov.) on all India bases. Dates of the same are announced 3 month in advance so that students can very well accommodate with their other examinations.

This time we would like bring into your kind notice that university exam papers of B.COM Part-II is clashing with CA- IPCC exam. Where in same dates and same timings are to be faced by CA students appearing in both the exams. This will result in skipping any one of the examination by the students which is not good.

Nagpur Branch of ICAI sincerely requests you to kindly reschedule aforementioned examinations to enable students to appear in both the exams. Detailed schedule of CA IPCC exam is enclosed herewith for your kind reference .

Enclosure No. 8 (I)13th April, 2015 Reg. : Request for allowing one room for CA Students to use as reading room for the period till 20th May, 2015, at any of your esteemed institutions : A) V.M.V. Commerce, J.M.T. Arts and J.J.P. Science College, Wardhaman Nagar, Nagpur. B) Shri U.N.H.S. School, Queta Colony, Nagpur I, the undersigned, on behalf of the The Institute of Chartered Accountants' of India's Nagpur Branch, take this opportunity to bring to your kind notice that, Chartered Accountancy Students from all over Nagpur strive hard to get through the examination.

Further, many of our CA Members have done graduation from your esteemed college. To excel in examination of ICAI, good reading and studying atmosphere is prerequisite. In Eastern Nagpur, yours esteemed Institutes are renowned and are centrally placed.

It is past experience, that in many cases students could not perform well at examinations because of non-availability of conducive atmosphere to prepare well for the exams. This is therefore to request you to please arrange for one room at any of your abovesaid premises viz. at school or college premises, for the noble task of joining hands with ICAI, to help needy students.

The following are the details in brief :Facility requested is for the period till 20th May, 2015 only. Daily Room Facility supposed to be used will be between 8 am to 8 pm.

The students wishing to use the facility will be given necessary Identity Cards, issued by us. Rules as may be prescribed from your side are ensured to be strictly followed by the students concerned.

Enclosure No. 8 (II)4th August, 2015 Reg. : Request for allowing one room for CA Students to use as reading room for the period till 16th November, 2015, at any of your esteemed institutions : A) V.M.V. Commerce, J.M.T. Arts and J.J.P. Science College, Wardhaman Nagar, Nagpur. B) Shri U.N.H.S. School, Queta Colony, Nagpur

I, the undersigned, on behalf of the The Institute of Chartered Accountants' of India's Nagpur Branch, take this opportunity to bring to your kind notice that, Chartered Accountancy Students from all over Nagpur strive hard to get through the examination. Further, many of our CA Members have done graduation from your esteemed college. To excel in examination of ICAI, good reading and studying atmosphere is prerequisite. In Eastern Nagpur, yours esteemed Institutes are renowned and are centrally placed.It is past experience, that in many cases students could not perform well at examinations because of non-availability of conducive atmosphere to prepare well for the exams. This is therefore to request you to please arrange for one room at any of your abovesaid premises viz. at school or college premises, for the noble task of joining hands with ICAI, to help needy students. The following are the details in brief : Facility requested is for the period till 16th November, 2015 only. Daily Room Facility supposed to be used will be between 8 am to 8 pm. The students wishing to use the facility will be given necessary Identity Cards, issued by us.· Rules as may be prescribed from your side are ensured to be strictly followed by the students concerned.



Enclosure No. 9

Enclosure No. 10

Enclosure No. 11



Certificate of Library Grant Utilisation



MONTHLY BRANCH NEWS BULLETIN



Awareness To Members about the Different Portals of ICAI in Seminars, Conference, Study Circle Meetings



PUBLISHING INSTITUTE'S ACTIVITIES IN PRINT, ELECTRONIC MEDIA



MONTHLY BRANCH NEWS BULLETIN

PRINT MEDIA

ICAI BRAND BUILDING



activity report 2015 - ICAI Nagpur Branch

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Transcript of activity report 2015 - ICAI Nagpur Branch