From the desk of Chairman - EIRCICAI
Dear Friends and Professional Colleagues,
My Dear Professional Colleagues,
Wishing you most and more...
Our President has given the Action plan "Moving Towards New Frontiers" for the year and keeping in line with his view and plan, I have the responsibility to carry on my actions aligned with his Agenda. I am of the view that his robust Action Plan cannot be achieved unless I as a leader in this region "INSPIRE TO ASPIRE" my members for growth, professional expertise and competence to face the challenges of the present day profession.
Change is the only constant. While progress is optional, change is inevitable. At a time like this when everything seems uncertain, we have to focus all our energy not on fighting the old but on building the new. It's time to unlearn, learn and relearn a host of things. In view of the just notified sections of The Companies Act, 2013, let us rise to the occasion and be the torch bearers for businesses, corporates, government and other stakeholders by guiding them to adopt to the changes and move ahead with the new regulatory regime successfully.
This land mark change that has come in the form of a notification of further 183 sections and schedules of The Companies Act 2013, made effective from the 1st day of April, 2014, will keep all of us professionals engaged for a really long time. With the notification of these sections, now a total of 283 sections of the new Act stands notified. The sections remaining to be notified are related to NFRA, IEPF, Compromise and Arrangement, Oppression and Mismanagement, Winding Up, Sick Companies, Special Courts and NCLT.
At this point of time, there is good news on the international front, that the IMF has indicated the Indian Economy to be much more resilient to external shocks now than last year, owing to a series of strategic decisions. India has grown at 7-9% and we see no reasons why it can't go back to those sorts of levels if some of the bottlenecks and structural reforms are introduced, which is presently holding back India's growth path. We are one of the constituent to help bringing economy on track.
It has been a month that I took over as chairman of the EIRC and the entire month was action packed. There had been many events during the month and some of the important events are mentioned hereunder for your update.
We conducted "Women Members empowerment Seminar" where Hon'ble Justice Nadira Pathereya was Chief Guest. The event concluded with a panel discussion by eminent women panelist from all walks of life moderated by Past Regional Council Member CA OP Shah.
Interactive session with Chief Commissioner of Income tax, West Bengal along with his other Chief Commissioners of Income Tax was held in the institute's premises where members interacted on various administrative issues being faced in the department and I am happy to state that officials present responded and resolved almost all the matters and promised to take concrete steps for some unresolved issues.
RANG BARSE, the Holi doljatra festival in association with all the study circles was celebrated with packed house followed by Kavi Sammelan performance.
Day long bank Audit Seminar with speakers from all India has truly benefited delegates.
We had interaction session with our newly elected President CA K. Raghu & Vice President CA Manoj Fadnis with full house members and students separately wherein not only did we discuss matters significant to our region but the whole nation and the way forward. Members and students felicitated our both the flag bearers after the interaction session.
We have lined up series of knowledge sessions and other activities for you in the coming months whose details are given in the newsletter. "Corporate Law Conclave" has also been lined up for the members on 18th &19th April, 2014 among other events to catch up with the recent changes which have been made applicable with effect from 1st April, 2014.
The end of another Financial Year is approaching and business as usual is keeping my fellow CA colleagues busy with accounts closing, bank audits and bundle of other allied activities. The tax departments are also to remain open on the last 3 days of the month to accept payments and returns and to facilitate support in any way possible.
I happily and energetically look forward to the start of our new financial Year, with renewed force and targets.
I conclude by extending my sincere and heartfelt greetings for Ram Navami, Subho Nababarsha and Good Friday.
I am with you and for you always...
With Warm Regards
CA Subhash Chandra Saraf
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