NOVEMBER 20121

Professional Accountant Course .............20-11-2012 .............................................. BCAS, Office & HR College, Mumbai ...................................................................................12 Study Course on DTAA .................................24-11-2012 to 5-01-2013 ................... H. R. College, Dinshaw Waccha Road, Churchgate, Mumbai ................................. 6Workshop on Due Diligence ......................30-11-2012 & 01-12-2012 .................. Indian Merchants’ Chamber, Churchgate, Mumbai .....................................................3 Workshop on Cyber Security Digital Forensics ............................30-11-2012 to 01-12-2012 ................. Lotus 7, Jolly Bhavan, 2, Ground Floor, New Marine Lines, Mumbai .................. 54th residential Study Course on IFRS/Ind AS ..................................................13-12-2012 to 15-12-2012 .................. Hotel Dukes Retreat, Khandala .............................................................................................. 4Sports Day............................................................30-12-2012 ............................................. BMC Sports Complex , Azad Maidan, Fort ..................................................................... 14Students Annual Day .....................................5-01-2013 ............................................... Navinbhai Thakkar Auditorium, Vile Parle East, Mumbai.........................................7 Students’ Education Crash Courses .......25-01-2013 to 31-3-2013 .................. Sydenham College, ‘B’ Road, Churchgate ........................................................................ 811th Leadership Training Camp ................7-2-2013 to 9-2-2013 ......................... Rambhau Mhalgi Prabodhini, Uttan, EsselworldRoad, Bhayander(W)............. 6Study Course on Transfer Pricing .................................................9-02-2013 to 27-04-2013 .............. Indian Merchants’ Chamber, Churchgate, Mumbai .................................................... 8E-learning Program on XBRL .....................ongoing program ............................. online program ............................................................................................................................. 10Lecture Meetings .............................................21-11-2012, 28-11-2012 ....................................................................................12-12-2012, 20-12-2012 .................... Indian Merchants’ Chamber, Churchgate, Mumbai ..................................................... 1

7, Jolly Bhavan #2, New Marine Lines, Mumbai - 400020. Telephone No. 613 77 600 ; Fax : 613 77 666 ; Email: bca@bcasonline.org ; Website : www.bcasonline.org

President: Deepak R. Shah 98201 48536 | president@bcasonline.org

Vice-President: Naushad A. Panjwani 98200 59048 | vp@bcasonline.org

Hon. Jt. Secretaries: Nitin P. Shingala 98200 57694 | joint.secretary@bcasonline.or

Hon. Jt. Secretaries: Raman H. Jokhakar 98208 77976 | joint.secretary1@bcasonline.org

Hon. Treasurer: Chetan M. Shah 98202 23402 | treasurer@bcasonline.org

Vice-President’s CommuniquéDear Members,

In this festive season the office bearers are happy to present the BCAS Newsletter in a new and refreshing format. We hope you like the change.

October is the global breast cancer awareness month. BCAS took this opportunity to host the release of a series of films produced on this subject by Sanjeevani—an NGO working towards the cause of breast cancer awareness and post-treatment trauma. These films are available at the BCAS office should anyone be interested.

As much as we’d like to ignore, gender biases do exist—socially and professionally. On the professional front, internationally, there has been widespread debate, agitation and litigation concerning pay gaps. One of the world’s largest retailers was battling a multi-billion dollar suit in the US, defending charges of gender-inspired wage discrimination. Nine days after Barack Obama was sworn into office, he signed the Lilly Ledbetter Fair Pay Act. This in itself signifies the importance of this subject.

Recently, I chanced upon some articles on this topic and was appalled to read that such discrimination exists blatantly even in the so-called civilised economies. A study by the American Association of University Women looked at the earnings of female and male college graduates, working full-time, in 2009. Here are the findings:

• Men tend to have a greater opportunity for advanced studies.• Initially, the pay gap is small but as years go by, women earn about 77% of what men with similar education and experience earn.• Secrecy of pay is one of the key reasons for the discrimination to still exist, despite widespread awareness and legal enactments.

LeCtuRe MeetiNgS

Venue : Walchand Hirachand Hall, Indian Merchants' Chamber, Churchgate, Mumbai – 400020Day, Date & time : Wednesday, 21st November 2012, 6.15 p.m.*Speaker : Raghuraman K. IyerSubject : Financial Instruments (including derivative transactions) – Accounting aspects

Harnessing Talent and Providing Quality Service

Vol. 15 n No. 8 n November 2012

A Monthly Newsletter of the Bombay Chartered Accountants’ Society

BCASNewsletterFor Members only. For Private Circulation only. Price: R10

PROgRAMMeS At A gLANCe DAte VeNue PAge NO.

Venue : Walchand Hirachand Hall, Indian Merchants' Chamber, Churchgate, Mumbai – 400020Day, Date & time : Wednesday, 28th November 2012, 6.15 p.m.*Speaker : Arvind H. Dalal, Y. M. Kale and Jayant P. GokhaleSubject : ICAI Election and Governance – Members expectations and duties

Venue : Walchand Hirachand Hall, Indian Merchants' Chamber, Churchgate, Mumbai – 400020Day, Date & time : Wednesday, 12th December 2012, 6.15 p.m.*Speaker : Dilip V. LakhaniSubject : Limited Liability Partnership ( including conversion of Company into LLP) - Tax, Accounting & FEMA Issues

Venue : Walchand Hirachand Hall, Indian Merchants' Chamber, Churchgate, Mumbai – 400020Day, Date & time : Wednesday, 20th December 2012, 6.15 p.m.*Speaker : Kishor B. KariaSubject : Selected Tax Accounting standards*Fellowship over a cup of tea at 5.45 p.m.

BCAS 2

BCAS Foundation operates a Right to Information (RTI) Clinic on a regular basis.

The Clinic provides help and guidance to BCAS members as also to non-members, i.e., all citizens, for making applications under the RTI Act and also assists in resolving any related difficulties on the subject of RTI.

The RTI Clinic operates on every 2nd, 3rd and 4th Saturday from 11 a.m. to 1 p.m.

The next RTI Clinic days accordingly are 17th, 24th November 2012, 8th, 15th and 22nd December 2012. Please call to obtain a prior appointment.

All the three clinics will be held in the Library room of the BCAS office.

The next Charitable Trust Clinic will

be held on 7th December 2012 from

5 p.m. to 7 p.m.

Chartered Accountants and Trustees

interested in having their queries

solved are requested to send their

queries by email to sp@bcasonline.org

and call to obtain a prior appointment,

latest by noon on the day of the clinic.

Querists are also advised to bring

along relevant papers like trust deeds,

audited accounts, etc.

Accounts & Audit clinic chAritAble trust clinicright to informAtion clinic

Advisory Panel : Narayan Varma, Adv A K Asher, Hema SampatClinic Co-ordinator : Shernaaz -61377600

Advisory Panel : Sanjeev Pandit, Himanshu Kishnadwala, Jayesh gandhiClinic Co-ordinator : Rajaram - 61377613

Advisory Panel : Ratanshaw Damanwala, Shariq Contractor, gautam Nayak, Anil Sathe, Atul ShahClinic Co-ordinator : Khushboo - 61377620

The next Accounts & Audit Clinic

will be held on 1st December 2012 from

10.30 a.m. to 11.30 a.m.

Persons interested in having their

queries pertaining to accounting

and auditing issues solved are

requested to send the queries by

e-mail to asst.em@bcasonline.org one

week in advance and call to obtain

prior appointment, at least a day before

the day of the clinic. Please note that

the panel will not answer any queries

pertaining to tax issues.

• Women lack negotiation skills when it comes to matters of pay.Marriage, bearing children, and rearing them itself sets back a woman as compared to the husband who is professionally less affected by these factors. The Indian Constitution guarantees equality but there is no specific law nor is there any research to emphasise the gravity of the matter.

Fortunately, things are changing for the better. More women are opting for higher education and coming out to work. It is motivating to see so many companies being led by women. Yet a lot more needs to be done—recognising that such gaps exist, researching and spreading awareness, debating ways to reduce gaps, encouraging women to speak out and acting against any discrimination in the work place.

In India, we are still grappling with opening the doors of opportunity and creating a nurturing environment for women.

The 4i Committee of BCAS is planning an event for women CAs later during the year. It will give us an opportunity to understand the challenges faced by women in our profession who chose to devote time to their families, at least while the children were very young. Some of them may want to take on professional work, albeit with lesser responsibilities and flexi timings. Some may be ready to come out of their sabbatical but may be finding it difficult to resume from where they left. Maybe confidence, opportunities and encouragement are all they need.

Scams being the flavor of the season, I will attempt a write-up on it in my next communiqué.

Here’s wishing everyone happiness and love.With warm regards,

Yours truly,

Naushad Panjwani

the question isn’t who’s going to let me; it’s who is going to stop me.

— Ayn Rand

NOVEMBER 20123

Infotech & 4I commItteeChairman : Ameet N. PatelConvenors : Nandita P. Parekh, Kinjal M. Shah and Pinky H. Shah

two Day Workshop on Due Diligence

"Due Diligence" is a concept involving voluntary investigation of a business prior to entering into any kind of a commercial contract with it. Due Diligence is a standard practice of investigation and examination of all aspects of a business unit, before entering into any type of commitment of money, time, goodwill or managerial involvement.

Due Diligence is carried out by examination of a potential target for merger, acquisition, privatisation, or similar corporate finance transaction normally by a buyer. This investigation focuses on the overall material matters of the past or future matters that might have a significant bearing on the profitability or mere existence of the business.

Many a times the due diligence process is carried out to dig out any hidden or potential liabilities which may arise and need to be adjusted in the transaction price. Typically Due Diligence is usually done by examination of books of account, vouchers, statutory registers and other relevant records including current practices of process and policies. Further inquiries and asking certain key questions to the management and others related with the business also is part of the entire process.

A good due diligence process helps to answer many tricky questions like how do you buy, how do you structure the acquisition, and how much do you pay?

To sum up, due diligence is an important tool along with valuation to make an acquisition decision and determine a fair price to be offered by the acquirer to a target company or its assets for acquisition.

Due Diligences are of many kinds and have become a practice area with huge potential for practicing Chartered Accountants.

The Infotech & 4i Committee of the BCAS, continuing with its tradition of introducing a new and emerging area to its members, has organised a two day program covering all the aspect of Due Diligence.

This two day programme on due diligence has been specially designed to introduce the subject to its members who can focus on this emerging practice area. Eminent professionals from the field will be speakers and further details of this workshop are as under:

Days and Dates Friday, 30 November 2012 and Saturday, 01 December 2012

Time 9.00 am to 6.00 pm. (on both days)

Venue Walchand Hirachand Hall, 4th Floor, IMC Building, Churchgate, Mumbai

Fees

For members R 3,550 + R 439 (ST) = R 3,989

For non-members R 5,050 + R 624 (ST) = R 5,674

Fees Include Service Tax, Course fees, Meal, Material & Contribution of R 50/- to BCAS Foundation

Speakers Eminent professionals from industry and accounting/legal profession including Mr. Bharat Vasani (Legal Head – Tata Group) Mr. Mayank Rastogi, Mr. Bhavesh Vora, Mr. Vivek Iyer, Mr. Ashutosh Pednekar, Mr. Yusuf Hakim, Mr. Shivkumar Israni.

Topics to be covered

• Overview of Due Diligence Practice• Financial Due Diligence• Operational Due Diligence• A user’s perspective of due diligence services• Legal & Secretarial Due Diligence• Direct & Indirect Tax Due Diligence• The Logical end – what happens after a Due

Diligence process • A new Practice Area - Opportunities and

challenges

Enrolment form is printed on Page 16.

The next study circle meeting of the Students’ Study Circle is scheduled as follows:

Day and Date Friday, 7th December 2012

Time 6.30 pm to 8.00 pm

VenueBombay Charted Accountants’ Society, 7, Jolly Bhavan No.2, Ground Floor, New Marine Lines, Mumbai-400020

Subject The New Companies Bill 2011

Speaker Shweta Agarwal and Vardharajan Ramajanujam

Enrolment form is printed on Page 16.

Students’ Study Circle

humAn ResouRces commItteePresident : Deepak R. ShahConvenors : Bharatkumar K. Oza, Hemant P. gandhi, Mihir C. Sheth

stIll I RIseYou may write me down in history

With your bitter, twisted lies, You may trod me in the very dirt

But still, like dust, i'll rise.

Does my sassiness upset you? Why are you beset with gloom?

'Cause i walk like i've got oil wells Pumping in my living room.

Just like moons and like suns, With the certainty of tides,

Just like hopes springing high, Still i'll rise.

mAYA AnGelou

BCAS 4

The International Financial Reporting Standards (IFRS) are fast emerging as the globally accepted accounting framework with more than 100 countries having adopted or permitting use of IFRS and several other countries adopting IFRS from 2012 onwards. In line with this emerging global trend, though the Ministry of Corporate Affairs (MCA) had announced convergence of Indian GAAPs with IFRS and a phased implementation thereof from April 2011 onwards, the same has been postponed mainly due to several implementation issues. Towards this end, MCA has already notified 35 Ind AS. The Institute of Chartered Accountants of India (ICAI) has also been proactive in issuing Exposure Drafts for several new Ind AS. As per the latest news reports, Ind AS are likely to be made applicable from 1st April 2013 onwards. This may also require companies to compile comparative financials for the year ended 31st March, 2013 as per the applicable Ind AS.

With the convergence fast approaching due to the impending deadline, as well as there being issues to be addressed to while preparing accounts as per revised Schedule VI, how many of us are really equipped to embrace the change with confidence? Pending the final announcement of applicability, professionals also need to be fully prepared for the implementation.

Realising the importance of the journey of convergence with IFRS/Ind AS and to assist the accounting fraternity to prepare the accounts compliant with the regulatory requirements, we at BCAS have devised the fourth Residential Study Course to equip the professionals with relevant skills and to be the catalyst of the change process.

The 4th Residential Study Course (RSC) is in continuation of the successful completion of 3RSC on IFRS in December 2009, 2010 & 2011.

The exclusive course on IFRS/Ind AS will cover case studies on application, implementation & indepth study on issues relating to Business Combinations, Financial Instruments, first time implementation of IFRS, PPE, IFRIC, etc. There will also be a presentation paper on Global developments in IFRS .

It is an important event not to be missed by the accounting professionals from practice and industry.

Details of the programme are as under

(Hotel Dukes Retreat, Khandala has the finest view and is at the height of about 2500 feet above sea level overlooking Sahyadri Range. It has

Residential Study Course on iFRS / ind AS

AccountInG & AudItInG commItteeChairman : Himanshu V. KishnadwalaConvenors : Mukesh g. trivedi, Abhay R. Mehta Suril V. Shah

excellent facilities is also easily accessible from Mumbai. It has well equipped conference rooms and well maintained rooms with mountain view, and facilities viz. swimming pool, recreation, fitness centre, wifi, variety of cuisines etc.)

Sr. no. Papers for Group Discussion Paper Writers

1 Case Studies on Business Combinations / Consolidations

P. R. Ramesh

2 Case Studies Financial Instruments

V. Venkat

3 Case studies on first time implementation of IFRS, PPE, IFRIC, etc.

Jigar Parikh / Manan Lakhani

Sr. no. Paper for Presentation

1 Global developments in IFRS

Fees (Per Participant) :

Members (Life & Ordinary)

Non Members

Early Bird Upto 30th November 2012

From 1st December 2012 onwards

Early Bird Upto 30th November 2012

From 1st December 2012 onwards

Double Occupancy R 11,236 R14,045 R 14,045 R 17,978

Single Occupancy* R 17,978 R 21,348 R 19,663 R 22,472

*Enrollment Limited for Single OccupancyFees include Service Tax @12.36%

The fees include course material, stay, meals from Thursday 13th December 2012 till 15th December 2012 afternoon and contribution of R50 to BCAS Foundation.

Delegate substitution: In the event of inability of the registered delegate to attend the Study Course for any reason, he/she should promptly inform the Committee by email [em@bcasonline.org] indicating the “subject” as “IFRS RSC 2012– INABILITY TO ATTEND” with a copy marked to himanshu@cnkindia.com, mgtrivedi@gmail.com, abhaymehta@camcs.in and surils@hotmail.com. At its discretion, BCAS may permit substitution. The substitute too needs to be a member of BCAS if he/she is replacing a member of BCAS. The Committee reserves the right not to admit any substituted person to the Study Course in the event a delegate substitutes him/her in his/her place without the prior written consent of the Committee.

Refund: Once enrolled, requests for refunds will not be entertained.

Enrolment form is printed on Page 16.

Dates 13th, 14th, & 15th December 2012

Venue Hotel Dukes Retreat, Khandala

4th

NOVEMBER 20125

"Why Cyber Security & Forensics ?The interconnected, digital infrastructure for information and communication is known as cyberspace. It covers almost every facet of our life. It provides critical support for our day to day professional functions, communications personal life and the infrastructure. This technology has transformed the economy and has connected people in the ways we had never imagined.

Information systems and Internet has thoroughly encompassed our daily lives. We can’t imagine the world without this connectivity. Our data, banking, communications, reservations, shopping, payments, appointments, records, entertainment, knowledge resources all are substantially through cyberspace.

Chartered Accountants collect their clients’ data during the audits on their office servers, ensuring confidentiality, integrity and availability of data and privacy protections of hardware data and software is the need of the hour. The legislation—called the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules 2011—was put in place recently to implement a law passed by the country's government in 2008.

The new data protection rules require that organisations inform individuals whenever their personal information is collected by email, fax or letter. Furthermore, they demand that organisations take steps to secure personal data and offer a dispute resolution process for issues that arise around the collection and use of personal information.

Hence, we need a safe Internet with a strong network infrastructure. We as professionals need to take prompt action to protect cyberspace for our use today and in the future and also how to audit data from cyberspace.

Protecting cyberspace requires conceptual clarity of technology, leadership and understanding of evolving cyber laws and technology.

Ensuring that cyberspace is sufficiently resilient and trustworthy to support corporate objectives and economic growth, ensuring confidentiality, integrity and availability of infrastructure and privacy protections of hardware data and software are highest priorities of the cyber security.

Appreciating the need of the hour and importance of the subject Accounting and Auditing Committee has organised a two day training workshop on the subject cyber security and digital forensics.

two Day Workshop on Cyber Security Digital Forensics

AccountInG & AudItInG commItteeChairman : Himanshu V. KishnadwalaConvenors : Mukesh g. trivedi, Abhay R. Mehta Suril V. Shah Course Co-ordinators : Nikhil D. Patel and Chirag H. Doshi

Days & Dates

Friday 30th November 2012 & Saturday 1st December 2012

Time9.30 A.M. to 5.30 P.M. on Friday, 10.00 A.M. to 5.00 P.M. on Saturday

VenueLotus, 7, Jolly Bhavan, 2, Ground Floor, New Marine Lines, Mumbai 400020

“if women are expected to do the same work as men, we must teach them the same things.”

— Plato, the Republic

Fees Upto 20th November 2012

After 20th November 2012

Members R 5,500 + R 680 (ST) = R 6,180

R 6,500 + R804 (ST) = R 7,304

Non-members R6,000 + R741 (ST) = R6,741

R 7,000 + R 865 (ST) = R7,865

(Fees include training material, snacks, Lunch on both the days and contribution of R50 to BCAS Foundation)

topics: • UnderstandingprinciplesofInternet&Webcybersecurity• ITAct2011–SafeHarbour• DigitalContracts-IPR(IntellectualPropertyRights)inCyberSpace• DatahandlingandIdentitymanagement• UnderstandingDifferenttypesofAttacks&Prevention• BackupandDataRecovery• Forensics:Forensicdataevaluationfromcomputersandevidence collection-for making them admissible in the court of law• SecuringITenvironmentstomakeitmoreefficientandeffective.

Enrolment form is printed on Page 16.

Eminent Faculties having vast experience in the field conduct the training.

Who will benefit?All practicing Chartered Accountants, senior executives in the industry and all who are using and are connected with Cyberspace.

Details of the programme are as under

BCAS 6

InteRnAtIonAl tAXAtIon commItteeChairman : Kishor B. KariaCo- Chairman: Rajesh S. KothariConvenors : Krishnakumar Jhunjhunwala, Dhishat B. Mehta, gaurang V. gandhiCourse Co-ordinators : gaurang V. gandhi, D. S. Sharma & Kirit P. Dedhia

intensive Study Course on Double tax Avoidance

AgreementThe 13th batch of the intensive Study Course on ‘Double Tax Avoidance Agreement’ (DTAA) would be held from November 24, 2012 to January 5, 2013.

This intensive course would be conducted in classroom style. There will be around 28 lectures in all, covering each article of DTAA with special emphasis on features like force of attraction, most favoured nation and triangular cases and a test thereafter. The UN Model Convention will form the basis of the course.

Faculty will comprise senior professionals having expertise in the field of International Taxation. This may include the following persons.

Anil Doshi, Darpan Mehta, Dhaval Sanghvi, Dhishat Mehta, Dilip Thakkar, Geeta Jani, Girish Dave, Harish Motiwalla, Keyur Shah, Kishor Karia, Jayesh Karia, Naresh Ajwani, Paresh Parekh, Paresh P. Shah, Pinakin Desai, Radhakrishna Rawal, Samir Kanabar, Sanjay Grover, Mayur Desai, Sharad Jain, Sushil Lakhani, T. P. Ostwal, Vishal Gada, Vispi Patel and Yogesh Thar.

Days & Dates 24th November 2012 to 5th January 2013

Time Saturdays — 9.00 am to 6.00 pm

VenueH. R. College, Dinshaw Waccha Road, Churchgate, Mumbai – 400 020.

FeesR 8,000 + R 989 (Service Tax) = R 8,989/- per participant (including R50 as contribution to BCAS Foundation).

Enrolment is restricted to 60 participants on first-come-first-serve basis. To give benefit of this course to a larger spectrum of members, enrollment would be restricted to a maximum of 7 members from the same organization and additional members from that organisation would be kept on waiting list. They would be enrolled if vacancy is available prior to one week before the commencement of the course.

Enrolment fees are non-refundable, non-transferable and a participant is not permitted to substitute another person.

Enrolment form is printed on page 16.

13th Leadership training Camp

Jointly with Amita Memorial Trust

on 7th, 8th & 9th February 2013 (Thursday, Friday & Saturday)at Rambhau Mhalgi Prabodhini, Keshav Shrushti, Uttan,

Esselworld Road, Bhayander (West)

The theme for discussion this time is'Living in Harmony'

Recognise that we are all on this planet together. We all stand to gain more by working together and with each other rather than working against each other. It has been said that “no tree has branches so foolish as to fight amongst themselves.” Humanity faces many unavoidable challenges that require our best defense without us creating additional unnecessary problems between ourselves. Love is the greatest catalyst of harmony and it always uplifts. As there is always a shortage of enough love, be giving of it always, especially in those times it feels hardest.

Sister B.K Shivani has consented to guide participants to learn as to how to be in harmony with the self, with relations and with the world. Where do we get inspiration from to live in harmony.

BK Sister Shivani Verma is a Rajyoga Meditation Teacher and has been studying spiritual knowledge and practicing the ancient technique of Rajyoga Meditation, as taught by the Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya, Mount Abu, for the past 14 years.Sister Shivani is known for her dynamic, engaging and down-to-earth nature. She is a hugely sought-after speaker due to the clarity of the wisdom she shares. With a background in engineering, she has the ability to analyze the deep rooted causes of the negative emotions experienced in life.

Course Fees:

Early bird till 15th December 2012 Including ST @ 12.36%

From 16th December 2012 Including ST @ 12.36%

Single Member R 6,000 + R 742 (ST) = R 6,742

R 7,000 + R 865 (ST) = R 7,865

Member with spouse R 11,000 + R 1,360 (ST) = R 12,360

R 13,000 + R 1607 (ST) = R 14,607

Cost includes two night three days stay on triple sharing, food and course material.To ensure intense participation, registration is restricted to 35 participants Enrolment form is printed on page 16.

humAn ResouRce commItteePresident : Deepak R. ShahConvenors : Bharatkumar K. Oza, Hemant P. gandhi and Mihir C. Sheth

11th

NOVEMBER 20127

Jal erach Dastur Students’ Annual DayDear Students,

On Saturday, 5th January 2013 your forum has organized the Jal Erach Dastur Students’ Annual Day Program to celebrate its 6th Anniversary at the Navinbhai Thakkar Auditorium, Vile Parle East, Mumbai from 3.00 pm to 8.00 pm

Come and participate. There are five different events to showcase your talent.

Key Attractions of the event: I Key Note Address:Padmashri (CA) T. N. Manoharan (Subject to confirmation)II Awaken the Writer within:Do you have a flair for writing? Here is an interesting opportunity to express yourself by participating in the writing competition. Rules and other information about the competition are as follows: a) Select anyone of the following topics: • Democracy – a boon or curse? • Article ship – blessing or a curse? • Are CA’s contributing to the society? • Reality Shows – How real they are? • Is India progressing or regressing? • Role of women in building society • Religion vs. spirituality

b) Essay writing competition will be held as follows on following two days: You may come to any of the venues with prior intimation. Venue: BCAS, Churchgate, 14th December 2012, From 6.30 pm to 7.30 pmVenue: Directi, Andheri East, 15th December 2012, From 2.30 pm to 3.30 pm c) An editorial committee of the BCAS will assess your contribution and if selected your participation will be published in BCAJ. The decision of the editorial committee shall be final. d) Three selected best contributions will be awarded a prize. e) A certificate of participation will be issued to all the participants.III Chandanben Maganlal Elocution Competition: This competition is under the auspices of Smt. Chandanben Maganlal Bhatt Elocution Fund. You can express your views on any of the following subjects. • Me Anna Hazare! • Role and impact of social media on today’s youth • Technology Vs. personal freedom • Undisciplined Indians and dream of becoming Super Power • Ethics and growth – can they co-exist?The duration of the talk will be for 5 minutes in the final round whereas it will be for 3 minutes in the elimination round.IV Join a Debate:This time we shall conduct a debate instead of quiz. Contemporary topics will be given to the participants. Articles of the same firm can participate in a group of four and compete as a team. Three prizes will be awarded to the winning team and a certificate

humAn ResouRce commItteePresident : Deepak R. ShahConvenors : Bharat K. Oza, Hemant P. gandhi Mihir C. Sheth

for participation will be issued to each participant.A rotating trophy is up for grabs to be awarded to the winning team’s CA firm. Topics for debate are: • Should India attack Pakistan over the Kashmir or terrorism issue? • Whether multi-party system is good for India? • Reservation in education - should it be based on caste or creed or should it based economic criteria? • Live in Relationship vs. marriage • Is Woman Entrepreneur better than Man?V Unleash your Potential and Showcase your Talent:A unique opportunity to showcase your talent in music in a Musical night by the students, for the students and of the students! You can participate by either singing or playing instrument.Depending upon the number of entries there will be elimination rounds for the Elocution Competition, Debate and the Talent Show.Do not miss the opportunity to meet and enjoy with your student friends. Enrolment is limited for 600 students.And above all a sumptuous buffet to end a wonderful evening.Registration Fees: R100 + R12 Service Tax= R112 per student

Registration Form

Jal Erach Dastur Students’ Annual Day

Name:.........................……………………………………………………………………………………………………

Contact Nos. Mobile:……………………………Residence Tel No:…………………………………

Office Tel No:……………………………Email:………………………………………………………….............

Firm Name:………………………………………………………………………………………………….................

Correspondence Address:………………………………………………………………………………........

Name of Principal ……………………………………………………………………….................................

Sir/Madam,

Intimation for participation on 5th Jan, 2013

I am interested in participating in the following events during the Annual Meet organized for the students on Saturday, 5th Jan. 2013.

1. Elocution:

My choice of the subject is: ______________________________________________________

2. Debate Competition: Yes / No

Firm Name: _______________________________________________________________________

Other Team Members’ Names: ________________________________________________

3. Writing competition: Yes / No

My Choice of Subject is ___________________________________________________________

4. Talent Show: Yes / No

I would like to Sing/Play___________________________________________________________

5. I would like to assist the Students’ Forum in the following manner

………………………………………………………………………………………………………………..........................………………………………………………………………………………………………………………………………………………………………………………………………………………………………....................................................

6. Payment details:

………………………………………………………………………………………………………………………………………………………………………………………………………………………………..................................................................................................................................................................................................................

BCAS 8

i.P.C.C. & Final C.A. Students’ education Crash Courses(Jointly with Western India Regional Council of The Institute of Chartered Accountants of India)

For May & November 2013 Examinations

Miss Janhavi Thatte & Miss Komal Jain

"We had joined the Revision Course, which has proved very much helpful to us. We cleared both groups in First Attempt "“

“

humAn ResouRces commItteePresident : Deepak R. Shah Convenors : Bharatkumar K. Oza, Hemant P. gandhi, Mihir C. Sheth

Course Co-ordinators : Chandrakant Ruparelia, Neel P. Majithia

COuRSeS FOR : C.A. i.P.C.C.• Accounting / Advanced Accounting• Business & Company Laws• Cost Accounting & F.M. • Taxation • Auditing & Assurance • Information Technology & Strategic Management

FeeS : Rs. 1686/- (including Service Tax) per student for I.P.C.C or Final (including cost of study materials)

tiMiNgS & VeNue : 6.15 p.m. to 8.30 p.m. on weekdays (Monday to Friday) at Sydenham College, ‘B’ Road, Churchgate.DuRAtiON : From 25th January to 31st March 2013.eNROLMeNt FROM : 15th October 2012.FACuLtY : Eminent personalities possessing rich experience in their respective fields.

For further information kindly contact Ms. SHeRNAAz ON 61377600 OR Mr. RAJARAM ON 61377613 during office hours.

COuRSeS FOR : C.A. FiNAL• Financial Reporting• Strategic Financial Management• Advanced Auditing• Corporates & Allied Laws• Advanced Management Accountancy• Information Systems Control and Audit• Direct Taxes• Indirect Taxes

InteRnAtIonAl tAXAtIon commItteeChairman : Kishor B. KariaCo-Chairman : Rajesh S. KothariConvenor : K.K. Jhunjhunwala, Dhishat B. Mehta & gaurang V. gandhi Course Co-ordinators : Dhaval J. Sanghavi, ganesh Rajgopalan & Rajesh P. Shah

3rd

intensive Study Course on transfer Pricing

The Third intensive Study Course on ‘Transfer Pricing (TP)’ to be conducted in classroom style, will be spread over 38-40 sessions in all, covering various aspects of TP including:• Associated Enterprises • International transactions • Concept of ALP• Domestic transfer pricing • Comparability study • Transfer pricingmethods–CUP,RPM,CPM,transactionalandprofitmethods•Selectionofcomparables•Safeharborrules•Thincapitalizationrules•APAs•OECDtransferpricingguidelines•Intangibleproperty•Intragroupservices•Costcontributionarrangements•Financialservicesector-transactions• Transfer Pricing documentation • Drafting audit report and TransferPricing study including live case studies of select industries • Transferpricing controversies • Transfer pricing litigations • Transfer pricingdispute resolution through MAP • International decisions on transferpricing.Faculty will comprise of senior professionals having expertise in the field of Transfer Pricing.

Days and Dates All Saturdays from 9th February, 2013 to 27th April, 2013 (excluding 2nd and 9th March, 2013)

Time 9.00 a.m. to 6.00 p.m.

Venue Indian Merchants’ Chamber, Churchgate, Mumbai.

Fees

For members R 13,350 + R 1,650 (ST) = R 15,000

For non-members R 17,800 + R 2,200 (ST) = R20,000(Limited seats)

(inclusive of course material, morning breakfast, tea, coffee & lunch and R50 towards contribution to BCAS Foundation)

As the Course is spread over a period of almost three months, in case of any contingency, the Society may be required to change the venue and/or the date at short notice.

Enrolment is restricted to 80 participants on first-come-first-serve basis. To give benefit of this course to a larger spectrum of members, enrollment would be restricted to a maximum of 7 members from the same group of organisations on a first come first served basis and the additional members from that group of organisations would be placed on waiting list. Subject to availability of the seats they may be enrolled one week before the commencement of the Course. Course fees are non-refundable. The enrolment is non-transferable. As per the Society’s policy, a participant is not permitted to substitute another person. Enrolment form is printed on page 16.

NOVEMBER 20129

ACe tP transfer Pricing SoftwareBCAS is installing full version of the Transfer Pricing Software, ACE TP. Following are the key features of the software:• Digital database of 28,000 listed and unlisted companies in India having historical date of over 15 years. • Search Filters, Classifications, Parameters, Data Sources, etc. to filter companies. • All data can be exported easily to MS Word or MS Excel• To ensure that all members can take maximum benefit, the member desiring to use the software is requested to follow the following guidelines.1. The software is for use of only individual Life/Ordinary/Associate

BCAS members.2. A member will be allowed to use the software for minimum 2 hours

and maximum 4 hours on any day (excluding Sunday and holiday) and maximum 16 hours in any month subject to availability of time slot. The available time slots would be 10 am to 12 pm, 12 pm to 2 pm, 2 pm to 4 pm and 4 pm to 6 pm from Monday to Friday & 10 am to 12 pm on Saturday.

3. The member would be required to pay nominal amount for usage @ R 200 + R24 (Service Tax) = R 224/- per hour towards reimbursement of cost. The member will be required to register with BCAS in advance.

4. BCAS would make arrangements for familiarising the members who have registered by placing imprest deposit subject to availability of minimum number of participants as may be decided by the society. For this purpose, subject to space availability, Society may also consider participation of other members who have not registered.

5. Please take prior appointment before atleast one working day by calling Ms. Aparna on 61377614 followed by mail to <km@bcasonline.org> clearly mentioning the slot preferred. If the slot is available, BCAS will confirm the appointment by mail. Please visit the BCAS Library only during the allocated time slot.

6. The appointment once taken cannot be cancelled and the usage charges as stated in point 3 would not be refunded.

7. A representative employee deputed by the member may use the software if the member has issued authority letter in his favour clearly mentioning that the member would be fully liable for the action of the representative.

8. BCAS will not provide any facility for printouts of the data. However, the data may be copied only on CD (not pen drive) under supervision of BCAS personnel.

9. This facility is set up only for the benefit of member’s convenience. BCAS will not be responsible for any loss of data or for incorrect data due to any reason. BCAS would make all efforts to accommodate the member but the final decision would be of the Society.

Note: Member will have to register with BCAS by placing an advance deposit of R800 plus R99 ( St). the balance deposit (excluding service tax) after deducting cost for the time slot booked( whether used or not) will be refunded when the memeber intimates in writing that he/she no longer desires to use or further use the software.

InteRnAtIonAl tAXAtIon commItteeChairman : Kishor B. KariaCo- Chairman: Rajesh S. KothariConvenors : Krishnakumar Jhunjhunwala, Dhishat B. Mehta, gaurang V. gandhi

Recent BcAs PuBlIcAtIons foR sAle

exploring FeMAPrice R 225Postage R 75

6th Residential Study Course on Service tax & VAt 2012Price R 600Postage R 100

Study Material DVD on Seminar on NBFC Regulations (including Audit and tax Aspects) held on 30th August 2012 Price R 1250Postage R 50

Digest of Full Bench Decisions of Central information Commission (r2i)Member Price R 120 Non-Member Price R 150Postage R 50

gita for ProfessionalsPrice R 75Postage R 50

Advance Rulings Law and Procedures - A CompilationPrice R 125Postage R 50

BCAS 10

Infotech & 4I commItteeChairman : CA. Ameet N. Patel Convenors : CA. Nandita P. Parekh, CA. Kinjal M. Shah CA. Pinky H. Shah

In order to foster the understanding of XBRL, the Infotech & 4i Committee of BCAS, XBRL Planet (owned by Mr. Conor O’ Kelly, Vice-Chairman, XBRL International) & NextGen Knowledge Solutions Private Ltd. have teamed up to provide online XBRL training. Our main goal is to transfer knowledge and unique experience of Financial Reporting through XBRL.

First of its kind e-Learning program on XBRLOver 9 hours of online training including Q&A session on XBRL Course Module :

COuRSe OBJeCtiVeS :n To help trainees understand the meaning and nature of

XBRL and the technical terms commonly associated with XBRL.

n To help trainees understand the basics of XBRL Taxonomies.n To help trainees understand how to use XBRL Tools.n To help trainees understand how to create instance

documents.

PRe-RequiSiteS :n Familiarity with accounting system installation and report

writing recommendedn Participants in this e-Learning Module need not have prior

experience of XBRL.

e-LeARNiNg MAteRiALS & CeRtiFiCAtiON : n The participants will have access to the training sessions for

30 days during which, they will get unlimited access. They will also get access to special live Q&A sessions.

n At the end of the training, a certificate of participation would be issued to the participants who go through the entire module.

XBRL COuRSe MODuLe CONteNtModule — I

Overview of XBRL

• Meaning of XBRL• Key concepts of XBRL• Components of Business Reporting

Supply Chain• Technical Terms associated with

XBRL

• AdvantageofuseofXBRL• KeydriversofXBRL• XBRLadoptionaroundthe

world• XBRL&IFRSs• ApplicationsofXBRL

Module — II

Taxonomy & Instance documents

• MeaningofXBRLTaxonomy• XBRLTaxonomyArchitecture• Linkbases,Tuples,Dimensions,

Hypercubes, Axis, Members, etc.

• XBRLTaxonomyExtension

• XBRLInstanceDocument• InstanceDocumentBuilding

Blocks (facts, contexts, units & footnotes)

• BestPractices

Module – III

Indian GAAP Taxonomy & Business Rules

• OverviewofIndianGAAPTaxonomy• AnalysisofIndianGAAPTaxonomy

• BusinessRules• AnalysisofBusiness

Rule

XBRL Implementation Approaches & Indian Regulatory Requirements

• XBRLImplementationApproaches • IndianRegulatoryRequirements

Module — IV

XBRL Tool

• DefiningUnit,Context,Currency,Decimal • DetailedTagging• BlockTagging

XBRL Report Creation

• StepsinvolvedinXBRLReportCreation• EditingXBRLInstances

• ValidatingXBRLReportat MCA Validation Tool

• ViewingXBRLReport

Module — V

XBRL Report Creation

• TaggingofFinancialStatementsViz:Balance Sheet, P & L Account, Cash Flow Statement & Schedules

• Tagging of Notes to Accounts, Auditor's Report, Director' Report

Module — VI

XBRL Assurance

• GlobalTrends• CurrentApproachestoXBRLAssurance• XBRLAssuranceFramework

• IndianRegulatoryRequirements

• AssuranceonXBRLInstance Documents for MCA filings

e-Learning Modules on XBRL O

ff er valid between 10th November to 10th Dec

embe

r, 20

12.

* inclusive of service tax

Special Diwali Offer

Avail a discount of

R7,500Pay just R

2,809* and enrol for the online X

BRL co

urse

.

NOVEMBER 201211

To execute your important commitments on time With display of the due dates for compliance of various statutory payments/filing of returns To keep forth your preference to health care Communicate services that Chartered Accountants offer

The BCAS Calendar 2013 reminds the user of dates for filling or payments under various statutes like Income Tax (Advance Tax/TDS/TCS), MVAT, Profession Tax, Service Tax, P.F., ESIC etc.

has been designed to assist youBcAs Calendar 2013"A stitch in time saves nine"

more for less• 12 sheets as against 6

• Monthly planner behind each sheet

• No increase in cost• Value for money

Pack Price per Pack

A

Quantity of packs

B

Total C = A x B

Postage per pack*

D

Quantity of 5 packs

E

Total F = D x E

Grand Total C + F

5 Rs. 250

10 Rs. 440

50 Rs. 1900

100 Rs. 3200

BCAS Memb. No. : ..................................................Name : ..............................................................................................................................................................................................................................Firm Name : ......................................................................................................................................................................................................................Firm Address : ..................................................................................................................................................................................................................E-mail :............................................... Mobile : ........................................... Tel. : ............................... Fax : ...................................................Tel. (O) : .................................... Tel. (R) : .......................... Fax : ...................................................Cash/Draft/ Cheque no. .................. Drawn on ............................................................................................. Bank,Dated ......................... for an amount of r........................................................ is enclosed.

*Postage Charges Extra per pack of 5 calendars Rs. 60/- for Mumbai Rs. 100/- for outside Mumbai

COMPLETED GRADUATION WORKED AS AN ACCOUNTS ASSISTANT OR COMPLETED ARTICLE TRAINING

HERE IS A COURSE JUST FOR YOU.

Become A PRofessIonAl AccountAnt

WHAt NeXt?

Course objective: To identify, train, improve job prospects and create a new brand of professionals who will be identified as Professional Accountants (PAs).

eligibility: T.Y. B.Com or 3 years’ work experience or completed articleship.

Syllabus: Covering all essential subjects to make you an effective independent accountant. The course will cover not only basic subjects like accounts, tax etc, but also include costing, MIS, ERP financial packages, office systems, reports and communication skills and yes even how to draft an effective CV

Course commences on : 20th November 2012

Course duration : A total of 20 sessions will be held of 3 hrs each. Sessions will be spread over on Tuesdays & Fridays evening & some Saturdays afternoon at BCAS & HR College.

timing: On Tuesdays and Fridays 5.30p.m. to 8.30p.m. and on Saturdays 2.30p.m. to 5.30p.m.

Fees: R 6, 741/- per participant (Inclusive of Service Tax @ 12.36%) Restricted to 45 participantsCertificates will be awarded to participants on fulfillment of criteria

DeePAK R. SHAH, President BCAS, iNDu SHAHANi, Principal, H. R. College

ORGANISED JOINTLY BY

Bombay Chartered Accountants’ Society7, Jolly Bhavan No. 2, Ground Floor, New Marine Lines, Mumbai - 400 020.Tel.61377600•Fax61377666E-mail bca@bcasonline.org •Website:www.bcasonline.org•WebTV:www.bcasonline.tv HR College of Commerce & economics123, D.W. Road, Churchgate, Mumbai - 400 020.Tel:912222876115•Fax:912222810758Email: info@hrcollege.edu •Website:www.hrcollege.edu

Note : • Submit enrollment form along with 1 photograph at BCAS office only. • Timing : 10 a.m. to 5 p.m. Monday to Friday and 10 a.m. to 1 p.m. Saturday.• Schedule and faculties could change based on course requirement.• Cheque should be drawn on Bombay Chartered Accountants’ Society. Outstation payment by Demand Draft / Cheques at par only, payable at Mumbai. Members can pay through the credit / debit card at the BCAS Office.• Enrollment on first come first served basis.• Kindly note that no refund will be given in case of cancellation for any reason and no substitute will be allowed, once the enrolment form is submitted.

Note : For Details please refer website of BCAS or contact office

FOR FURTHER DETAILS CONTACT :

Course Co-ordinators Manish Reshamwala - 66355488, 9820050810Manori Shah - 23523849, 9820190092Prof. Parag Thakkar - 9820304543

Batch XV

NOVEMBER 201213

HERE IS A COURSE JUST FOR YOU.

Become A PRofessIonAl AccountAnt

Subscribe Now!!!

Payment can be made by cheque/DD payable at par in Mumbai in favour of ‘Bombay Chartered Accountants’ Society’. You can also pay by cash/credit card at the payment counter of BCAS Office. If you have an Imprest Account, then you can instruct us to adjust the subscription through the imprest Account. For further details log on to www.bcasonline.org

Infotech & 4I commIttee & memBeRshIP & PuBlIc RelAtIons commIttee

Particulars Subscription Charges + Service Tax

Total Charges

Ordinary, Life and Associates of Corporate Membership R600 + 12.36% R674

Students R600 + 12.36% R674

Journal subscribers R900 + 12.36% R1,011

Non-members R1,200 + 12.36% R1,348

Lecture Meeting on Taxation and Accounting – Few Important Developments by Pradip Kapasi held on 17th October 2012 is available on BCAS Web TV.

invitation

Expression of InterestThe Publication & Research Committee of BCAS has decided to sponsor a research paper on the topic related to “Do Accounting Standards override true and fair view?” in this endeavour, it invites proposals from members or any academician recommended by members, interested to undertake this research project.

PuBlIcAtIon & ReseARch commItteeChairman : Pranay H. MarfatiaCo-Chairman : Pradip K. thanawalaConvenors : Manish P. Sampat Manish R. Reshamwala

Further the committee also appeals to members to come forward and submit research proposals related to any other topic of professional interest. If the proposal is accepted by the committee, BCAS would not only sponsor the research project but will also pay an honorarium to the person undertaking the research.

Members are also requested to suggest names of persons who would be interested to undertake research sponsored by the Society. Members may contact :

Cassem Rajabali, General Manager on gm@bcasonline.org.

BCAS 14

Name of Member : Membership No. : Male / Female Age :

Games Table Tennis Badminton Carrom ( No Age Bar for Men & Women )

Chess ( No Age Bar for Men & Women )

Amount

Age Group Single's Double's Mixed Double's

Single's Double's Mixed Double's

Single's Double's Mixed Double's

Single's Double's INR

Men < 30 yrs

Men > 30 yrs

Women < 30 yrs

Women > 30 yrs

Students

Total Amount In Words: Rupees

Please tick mark where ever applicable1. Spectators are most welcome to cheer up the participants free of cost.2. Participants need to bring their own sports equipments like Table Tennis racket, Badminton & Striker for Carrom.3. Table Tennis Ball, Shuttle cocks, Carrom Board & Dice will be provided

NOVEMBER 201215

100% foreign owned NBFC with a minimum capitalisation of US $ 50 million can set up step down

subsidiaries for specific NBFC activities, without any restriction on the number of operating subsidiaries and without

bringing in additional capital.

““

A. P. (DiR Series) Circular No. 39 dated October 9, 2012Trade Credits for Imports into India – Review of all-in-cost ceiling

This circular states that the below mentioned all-in-cost ceiling for trade credit for imports into India will continue till further notice: -

Maturity period All-in-cost ceilings over 6 months LIBOR for the respective currency of credit or applicable benchmark

Up to 1 year

350 basis points More than 1 year and up to 3 years

More than 3 years and up to 5 years

The all-in-cost ceiling will include arranger fee, upfront fee, management fee, handling / processing charges, out of pocket and legal expenses, if any.

A. P. (DiR Series) Circular No. 40 dated October 9, 2012External Commercial Borrowings (ECB) Policy – Review of all-in-cost ceiling

This circular states that the below mentioned all-in-cost ceiling for ECB will continue till further notice: -

Sr. No. Average Maturity Period

All-in-cost over 6 month LIBOR for the respective currency of borrowing or applicable benchmark

1. Three years and up to five years

350 bps

2. More than five years

500 bps

A. P. (DiR Series) Circular No. 41 dated October 10, 2012Foreign investment in NBFC Sector – Amendment to the Foreign Direct Investment (FDI) Scheme

Press Note No.9 (2012 Series) dated October 3, 2012Setting up of step down (operating) subsidiaries by NBFCs having foreign investment above 75% and below 100% and with a minimum capitalisation of US$ 50 million - amendment of paragraph 6.2.24.2 (1) (iv) of 'Circular 1 of 2012 – Consolidated FDI Policy

Presently, 100% foreign owned NBFC with a minimum capitalisation of US $ 50 million can set up step down subsidiaries for specific NBFC activities, without any restriction on the number of operating subsidiaries and without bringing in additional capital.

This circular has relaxed the limit 100% holding and provides that NBFC having foreign investment of more than 75% and a minimum capitalization of US $ 50 million, can set up step down subsidiaries for specific NBFC activities, without any restriction on the number of operating subsidiaries and without bringing in additional capital.

From rBIContributed by : CA. Gaurang Gandhi

A. P. (DiR Series) Circular No. 42 dated October 12, 2012Uploading of Reports in 'Test Mode' on FINnet Gateway

This circular states that in terms of the instructions issued by FIU-IND vide their letter F.No.9-29/2011-FIU-IND dated August 28, 2012 all Authorized Persons must submit reports, as required under provisions of PML Rules 2005, on the FINnet Gateway in 'Test Mode' from August 31, 2012. However, they are also required to continue to submit the existing reports in CD as presently required until further notice.

A. P. (DiR Series) Circular No. 44 dated October 12, 2012Foreign Exchange Management (Deposit) Regulations, 2000 – Loans to Non Residents / third parties against security of Non Resident (External) Rupee Accounts [NR(E)RA] / Foreign Currency Non Resident (Bank) Accounts [FCNR (B)] Deposits

Presently, banks are permitted to grant loans in Indian rupees / foreign currency against NRE / FCNR(B) deposits to the deposit holder / third party up to Rs. 100 lac.

This circular has removed the ceiling of Rs. 100 and provides for grant of loans without any ceiling, subject to appropriate margin requirements. Loans will include all types of fund bases as well as non-fund based facilities. The table reads as follows: -

Rupee loans in India

Existing Revised

Loans against NRE/FCNR(B) Fixed Deposits

Rs. 100 lakhs ceiling applicable

Rupee loans to be allowed to depositor/third party without any ceiling subject to usual margin requirements

Foreign Currency loan in India/ outside India

Loans against NRE/FCNR(B) Fixed Deposits

Rs. 100 lakhs ceiling applicable

Foreign Currency loans to be allowed to depositor/third party without any ceiling subject to usual margin requirements

The Reserve Bank of India has issued the following 5 circulars and 1 press note:

BCAS 16

Edited, printed & published by Narayan Varma on behalf of Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at Spenta Multimedia, Mumbai-400013.

Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MH/MR/South-88/2012-14Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1Published on 8th of every month • Posted on 15th & 16th of every month

Study Group Workshops13th Intensive Study Course on Double Tax Avoidance Agreement(Including Audit and Tax Aspects).......24-11-2012..........r8,989 per participant .................

3rd Intensive Study Course on Transfer Pricing.......09-02-2013.......... r 15,000 for members .................................... r 20,000 for non-members..............................

Com

bine

d En

rolm

ent F

orm

• Please fill in the above form and send the same to the Society’s office along with requisite payment. • Please mention your name and membership number on the reverse side of the local cheque/at par cheque/Demand Draft. • Kindly note that the cash counter timings are from 10.30 a.m. to 5.30 p.m. on Monday to Friday and 10.30 a.m. to 1 p.m. on Saturday. The lunch time is 1.30 p.m. to 2 p.m. Members are requested to co-operate in this regard. • Cancellation policy: Kindly note that no refund will be given in case of cancellation for any reason and no substitute will be allowed.

Name : .............................................................................................................................................................................................Address : .........................................................................................................................................................................................E-mail :............................................... Mobile : ........................................... Tel. : ............................... Fax : .................................BCAS Memb. No. : .................................. Tel. (O) : .................................... Tel. (R) : .......................... Fax : .................................Choice of food (wherever applicable) .......... Jain Non-Jain Cash/Draft/ Cheque no. .................. Drawn on ............................................................................................. Bank,Dated ......................... for an amount of r........................................................ is enclosed.

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

IPCC & FINAL CA STUDENTS CRASH COURSEName :...............................................................................................................................................Registration Number Allotted by I.C.A.I. :........................................................................Course in which admission is desired : I.P.C.C ( ) FINAL ( ) (Please tick appropriately)Residential Address : ................................................................................................................................................................ Tel. No. (M) : ............................ E-mail :......................................Details of Articleship : Date of Joining .................................... Estimated date of Completion ...............................Name of the Principal : .................................................Name and address of firm where articleship is being done :..................................................................................................Tel. No.:............................ Fax No............................... Cash/Draft/Cheque No.....................................drawn on .....................................................Bank,dated ............................................ for an amount of Rs.1686/- is enclosed.

Date : ................................................ Signature ................................................................

Notes : 1. Please send the above form along with cash/cheque/draft drawn in favour of ‘‘BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY’’, to the Society’s office, at the address mentioned above.2. We propose to have multifarious activities like Elocution Competition, Public Speaking, Self Development Education Courses, Orientation Courses, etc. for interested Students.3. Members are requested to keep the proforma of this sheet and send the same duly filled in by new articled trainee after his/her enrolment in their office.

BCAS Study Circles 2012–13Study

Circle No. Subject Fee Tick your choice here

I Direct Tax Laws 449*

II Indirect Tax Laws 449*

III Company Law, Auditing & Accounting 449*

IV FEMA 449*

V Information Technology 449*

Study Circle No. Subject Fee Tick your

choice hereVI Human Resource Development 449*

VII ITF 1,123*

VIII BCAS Suburban Study Circle 674*

XI International Economics 1,123*

X Students Study Circle 224*

* Inclusive of Service Tax of 12.36% effective 1st July 2012

4th Residential Study Course on IFRS / Ind ASRoom Partner: 1.………………………………….....................................................2.………………………........................................................................Group Leader ………………………………………………………......

Food Choice: NonVeg: [ ] Veg: [ ] Jain [ ]

The decision of the committee will be final in case of allotment of room & room partners. Enrolment forms will be accepted at BCAS office from 17th September 2012 from 10.30 a.m. to 5.30 p.m. on first-come-first-served basis.

11th Leadership Training CampName: .…………………………………......................................................………………………..................................Accompanying Spouse’s Name ………………………………………………................………......

Two-Day Workshop on Due Diligence.......30-11-2012 r 3,989 for members ..................... r 5,674 for non-members...............

Two Day Workshop on Cyber Security Digital Forensics......................................30-11-2012 r 7,304 for members ..................... r 7,865 for non-members...............

E-Learning program on XBRL...........Ongoing program r 2,809 .........................................

Tick Yes No

Tick Yes No

Tick Yes No

Tick Yes No