EIRC 1st January

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1 EIRC 1st January

2 2 EIRC 1st January 2017

3 My Dear Professional colleagues, At the outset, I would like to convey my greetings and better than the best wishes of this new year. The very word new implies a lot to everyone especially for professionals like we the Chartered Accountants who are extremely keen to reckon and initiate, try and invent and work on newer concepts and ideas. In line with this, many a change to the old have taken place in our profession with so many dynamism is being seen. I am happy to note that the changes are actually taking a lead role and should be ideally reposed in shaping our profession which are being instrumental in taking our country at a novel high. The robust steps that have taken place in Indian Financial Sphere are the introduction of GST and the latest decision of demonetization process to bring about desired dreamt reforms by our Hon ble Prime Minister Shri Narendrda Modi. These two are going to play the pivot in structuring the Indian Economy, which in the long run, are showing the strength of taking our country at the helm of global financial firmament. I spared no stone unturned to discuss on these issues organizing seminars on these two and I express my sincere gratitude that you all responded by showing your eagerness joining and attending seminars. I also wish everybody sincerest of my thankfulness to make this 41st Regional Conference a grand success. I have put in my best efforts in taking initiatives to make it more digitized while my initiatives towards building up a digital library is taking turn to reality. But at the same time we should remind ourselves that global climactic change has been a grave concern and threat to our dear loving planet. Myriad plants and animals are being affected and harmed by it. We are inviting unpredictably dangerous diseases. Hence nature should be taken care of. We should conceive and accordingly, steps should be initiated and the same be propagated in a manner so that an awareness gets permeated from a great to greater lot. I also invite suggestions from your end in this regard to present a more fruitful and lasting solution to this global environmental crisis. Finally I would like to say my thankfulness to all of you coming up with all your gestures to make almost all of my initiatives successful. Signing off wishing that this every sunrise of this new year goes on widening the horizon of your success. CA Anirban Datta Chairman, EIRC of ICAI EIRC 1st January

4 Forthcoming Programme EIRC DAY AND DATE KNOWLEDGE SESSION RESOURCE COORDINATOR VENUE DURATION CPE DELEGATE PERSON HOURS FEES ` Wednesday, 11th Workshop on CIT Appeals CA Anand Tibrewal CA Manish Goyal R Singhi Hall, 5.30 pm to 3 80 January 2017 Filling for Penny Stock & Client Code Adv. Paras Kochar EIRC Premises 8.30 pm Spot 100 Modification Friday, 13th IND AS 101: First Time Adoption CA Vivek Agrawal CA Sonu Jain R Singhi Hall, 5.30 pm to 3 80 January 2017 EIRC Premises 8.30 pm Spot 100 Saturday 14th Business Combination & Consolidation CA Subodh Kumar Agrawal CA Sumit Binani R Singhi Hall, 5.30 pm to 3 80 January 2017 (IND AS 27,28,103,110,111,112) Past President, ICAI EIRC Premises 8.30 pm Spot 100 Monday, Seminar on Private Equity CA Vikash Jain CA Sonu Jain R Singhi Hall, 5.30 pm to th January 2017 Past Chairman, EIRC EIRC Premises 8.30 pm Spot 100 CA Anjan Mitra Tuesday, Professional Opportunities under Insovency CA Sumit Binani, CA Nitesh Kumar More R Singhi Hall, 5.30 pm to th January 2017 & Bankruptcy Code Treasurer, EIRC EIRC Premises 8.30 pm Spot 100 Eminent Speakers Friday, Finnacle in CBS System CA Sonu Jain, CA Sumit Binani R Singhi Hall, 5.30 pm to th January 2017 Secretary, EIRC EIRC Premises 8.30 pm Spot 100 Monday, 23rd Workshop on GST Details inside in Page 8 EIRC R Singhi Hall, 5.30 pm to Tuesday, 24th EIRC Premises 8.30 pm Wednesday, 25th Monday, 30th Tuesday, 31st January pm) Wednesday, 1st Live Telecast of Union Budget Eminent Speakers CA Sumit Binani R Singhi Hall, am to 2 50 February 2017 EIRC Premises 1.00 pm Spot 80 Saturday, 4th Seminar on Union Budget CA (Dr.) Girish Ahuja EIRC Calcutta University 2.00 pm to February 2017 CA Bimal Jain Centenary Auditorium, pm Eminent Speakers Kolkata Note: 1. Please note Online registration closes 1 days before the day of the Seminar. 2. Spot Registration will be taken subject to availability of seats at the venue. 3. Out of the Registration Fees collected for each programme Rs 10 per person would be contributed to Chartered Accountant Benevolent Fund. Important Dates Day and Date Programme Details Venue Duration Thursday, 26th January 2017 Celebration of the 68th Year of Republic Day EIRC Premises, Russell Street, Kolkata 10.00am onwards ANNOUNCEMENT The due date for compliance of CPE Hours requirement for the year 2016 (ending block period ) has been extended from 31st December 2016 to 31st January EIRC 1st January 2017

5 Study Circle STUDY CIRCLE STUDY CIRCLE DAY & DATE PROGRAMME SPEAKERS CO- ORDINATOR VENUE DURATION CPE /FEES HOUR DTPA Chartered Wednesday, Introduction to IND-AS, CA Vivek Agarwal CA Niraj Kr Harodia DTPA Conference Hall 4.00 pm to 3 Accountants Study 11th January Presentation of Financial nd Floor, 7.00 pm Circle-EIRC 2017 Statement under IND-AS Govt. Place West, Accounting of Property Plant Income Tax Building, and Equipment Kolkata DTPA Chartered Wednesday, Income Tax IND-AS CA Subodh Kr Agrawal CA Niraj Kr Harodia DTPA Conference Hall 4.00 pm to 3 Accountants Study 18th January First Time adoption Past President, ICAI nd Floor, 7.00 pm Circle-EIRC 2017 IND-AS Govt. Place West, Income Tax Building, Kolkata ACAE Chartered Friday, 13th Workshop on Goods and CA Arun Kr. Agarwal CA Pramod Kr. Mundra ACAE, Emami 4.00 pm to 12 Accountants Study Saturday, 14th Services Tax (GST) CA Shivani Shah Conference Hall, 6.00 pm Circle-EIRC Friday, 20th CA Anshuma Rustagi info@acaekolkata.org 6, Lyons Range, Saturday, 21st CA Rajeev Kr. Agarwal pkmundra@gmail.com 3rd Floor, Unit-2, Friday, 27th & CA Tarun Kr. Gupta Kolkata-1 Saturday, 28th CA D S Agarwala January 2017 Views Exchange Friday, 13th Seminar on GST CA Sushil Kumar Goyal, CA Vinay Choudhary BCCI, GLOBSYN 3.00 pm to 4 Chartered Accountants January 2017 Council Member, ICAI , N. S. ROAD, 7.00 pm Study Circle-EIRC CA Ankit Kanodia Kolkata Views Exchange Friday, 20th Seminar on GST CA Arun Agarwal CA Vinay Choudhary BCCI, GLOBSYN 3.00pm to 4 Chartered Accountants January 2017 CA Subham Khaitan , N. S. ROAD, 7.00pm Study Circle-EIRC Kolkata EIRC 1st January

6 EICASA My Dear Student Friends, Thought without action, is meaningless.as Emily P. Bissell rightly said Great thoughts speak only to the thoughtful mind, but great actions speak to all Mankind. Many a people think deeply, afford to lavishly discuss on them, generously wasting invaluable series of seconds but when it actually comes to working they often entangle themselves into diplomacy, create an escape route and disappear. They are the apparent winners and who toil and risk and As Alexender the great said, Leave an everlasting fame. Yes! This time our Team EICASA went beyond discussion and actually made this year happening with conceiving, initiating and implementing many an activity by gleefully shouldering responsibility, labouring hard with an undaunted spirit the spirit of youthfulness! They made it to gather a spilling over audience in almost all the seminars organised. They successfully organized Educational Tours to West Bengal State Legislative Assembly, Netaji Subhas Dock and Custom Clearing Station etc. Industrial Visit to Durgapur Birla Cement Plant Corporation was also turned into a reality. To more in store as surprise, after releasing all their psychological and physical energy in all these, they celebrated their never-ending resource of youthful valour by way of organizing an Indoor & outdoor Sports Meet on 25th December. EICASA We bid good bye to the year 2016 by witnessing their resourcefulness in the form of Student Festival a youthful extravaganza. The EICASA team is staggeringly engrossed in thought followed by consistent activity which keeps them safe and strict on their way to success. My heartiest congratulations to all the team members. Team EICASA refrains from leisure for they know that leisure is nothing but to shift from one initiative to another. So my dear students! Please follow the website, keep a close watch on the vibes of your mobile phone and never let any scope to leave and enjoy and enrich and express yourselves by participating in various events in future. So my dear students! Keep your inner fire flaming. Do not be away from your ambition. Never stop trying. Always learn from your stumbling. Let this New Year be the newest in terms of your feeling and viewing, perceiving and implementing, encouraging and motivating. Winding up for this issue wishing this new year with the resolution as felt by Kurt Hahn, There is more in us than we know. If we can be made to see it, perhaps, for the rest of our lives, we will be unwilling to settle for less. Wish you all a very Happy & a Prosperous New Year. CA Manish Goyal Chairman EICASA and Vice Chairman EIRC of ICAI DAY AND DATE KNOWLEDGE SESSION RESOURCE PERSON VENUE DURATION DELEGATE FEES ` Friday, 13th January 2017* Industrial Trip to Thermal Power Plant: Coordinator: Kuber Sahoo Andal 6.00am to 6.00pm 500 Jointly with EICASA of Durgapur, Raniganj & Asansol Branches Sunday, 15th January 2017 Workshop on GST for CA Students CA Shubham Khaitan R.Singhi Hall, EIRC Premises 10:30am to 1:30pm Free Thursday,19th to Saturday, Lectures on ISCA CA Manoj Agarwal R.Singhi Hall, EIRC Premises 7.30am to 12.30pm st January 2017 Sunday, 22nd January 2017 How to Manage & Prepare for CA Exams CA Abhisek Agarwal R.Singhi Hall, EIRC Premises 11.00am to 1.00pm Free Thursday, 26th to Sunday, Residential Industrial Visit & Leadership Coordinator: Hardik Punatar Siliguri, Gorumara 3 Days 2 Nights details inside 29th January 2017 Camp at Gorumara Forest, Dist Jalpaiguri Gourav Agarwal in page 7 Saturday, 28th January 2017 Joint Seminar with NUJS Eminent Speakers NUJS Campus, Salt Lake, Kolkata am to 5.00pm Free Sunday, 5th February 2017 Articleship and Industrial Training- Eminent Speakers R.Singhi Hall, EIRC Premises 10.00am to 1.00pm Free Selection, Introspection & Placement (For students Joining articleship from 2017 onwards) Dates to be announced soon EICASA Premier League EICASA & EIRC KOLKATA 8.00am to 5.00pm Free Indoor Sports Meet on 25th December 2016 at Burrabazar Yuwak Sangha 6 EIRC 1st January 2017

7 RC Announcement EIRC 1st January

8 8 EIRC 1st January 2017 Announcements

9 EIRC Events Income Tax Notice u/s 131, Recording of Statement & FIU on 1st December 2016 Workshop on GST on 2nd December 2016 L R: CA Nitesh More, Member, EIRC, CA Ramesh Patodia, Advocate Paras Kochar, CA Sanjib Sanghi, Member, EIRC, CA Anirban Datta, Chairman, EIRC Workshop on GST on 3rd December 2016 L R: CA Shubham Khaitan, CA Sonu Jain, Secretary, EIRC, CA Arun Agarwal, CA Nitesh More, Member, EIRC Critical Issues in Bank Audit on 6th December 2016 L R: CA Rajeev Agarwal, CA Sushil Kumar Goyal, Council Member, ICAI, CA Nitesh More, Member, EIRC L R: CA J N Gupta, Past Chairman, EIRC, CA Nitesh More, Member, EIRC, CA Sonu Jain, Secretary, EIRC Seminar on GST on 8th December 2016 Seminar on GST on 10th December 2016 L R: CA Ankit Kanodia, CA Nitesh More, Member, EIRC L R: CA Chiranjib Das, CA Narayan Agarwal, CA Nitesh More, Member, EIRC, CA Anirban Datta, Chairman, EIRC Seminar on Finacle on 12th December 2016 Seminar on Code of Conduct on 16th December 2016 Awareness Programme on Income Tax Settlement Commission on 21st December 2016 CA Sonu Jain, Secretary, EIRC CA Ranjeet Kumar Agarwal, Council Member, ICAI L R: CA Sunil Surana, Shri Mithilesh Jha, Secretary, IT SC, CA Manish Goyal, Vice Chairman, EIRC, Shri S M Ashraf, Member, IT SC, Shri D K Gupta, Vice Chairman, IT SC, CA R R Modi, CA Jinesh Vanzara EIRC 1st January

10 EIRC Events 41st Regional Conference of EIRC on 19th and 20th December 2016 Inauguration of the Conference by CA Nilesh S Vikamsey, Vice President, ICAI Releasing the Members Ready Referencer (L R): CA Nitesh More, Member, EIRC, CA Manish Goyal, Vice Chairman, EIRC, CA Sushil Kumar Goyal, Council Member, ICAI, CA Anirban Datta, Chairman, EIRC, CA Nilesh S Vikamsey, Vice President, ICAI, CA Ranjeet Kumar Agarwal, Council Member,ICAI and CA (Dr.) Debasish Mitra, Council Member, ICAI, CA Sonu Jain, Secretary, EIRC CA Nilesh S Vikamsey, Vice President, ICAI addressing the audience at the Conference CA Anirban Datta, Chairman, EIRC welcoming CA Nilesh S Vikamsey, Vice President, ICAI (right) CA Anirban Datta, Chairman, EIRC CA Rupendra Narayan Roy, Founder & CEO of Sumantrana, a strategic advisor firm CA Amarjit Chopra, Past President, ICAI Dr. Girish Ahuja CA D B Desai CA P Sharath Kumar Shri Alok Bardhan, Asst. Director, SFIO, MCA CA Kapil Goel CA (Dr.) Debasish Mitra, Council Member, ICAI CA Sushil Kumar Goyal, Council Member, ICAI CA Ranjeet Kumar Agarwal, Council Member, ICAI CA Manish Goyal, Vice Chairman, EIRC CA Sonu Jain, Secretary, EIRC CA Sumit Binani, Treasurer, EIRC CA Nitesh Kumar More, Member, EIRC CA Sanjib Sanghi, Member, EIRC 10 EIRC 1st January 2017

11 Registered RN 27144/75 Registration No. KOL RMS / 227 / Refresher Course on LLP on 23rd December 2016 Refresher Course on LLP on 24th December 2016 Releasing the Official Souvenir L R: Shri B Mohanty, ROC, MCA, Govt. of India, CA Nitesh More, Member, EIRC, CA Vinod Kothari, CA Yagnesh M Desai L R: CS Atul Kumar Labh, CA Nitesh More, Member, EIRC, CA Mohit Bhuteria Refresher Course on LLP on 26th December 2016 Refresher Course on LLP on 27th December 2016 L R: CA Vikash Parakh, CA Sonu Jain, Secretary, EIRC, CA Rishi Khator L R: CA P R Kothari, CA Sonu Jain, Secretary, EIRC, Advocate Arka Majumdar Seminar on Income Tax Scheme: Pradhan Mantri Garib Kalyan Yogna on 28th December 2016 Recent Changes & Critical Issues in Accounting Standard and Standards of Auditing on 29th December 2016 Late CA S Vaidyanath Aiyar Memorial Lecture on 30th December 2016 L R: CA Manoj Tiwari, CA Anirban Datta, Chairman, EIRC, Shri P B Pramanik, Addl. Director, IT, CA Nitesh More, Member, EIRC CA Vivek Newatia L-R: CA Nitesh More, Member, EIRC, CA Subodh Kumar Agrawal, Past President, ICAI, CA Anirban Datta, Chairman, EIRC, CA Somobrata Dutta, Past Chairman, EIRC CA Anirban Datta, Editor CA Manish Goyal, Jt. Editor CA Sonu Jain, Member CA Vineeta Agarwal, Co-opted Member CA Sumit Binani, Member CA Sushil Kr. Goyal, Member CA Ranjeet Kr. Agarwal, Member CA Kaushik Ghosh, Co-opted Member BOOK POST Owner: The Institute of Chartered Accountants of India, Eastern India Regional Council Printer: Shri Alok Ray, Joint Secretary, The Institute of Chartered Accountants of India, Publisher: Shri Alok Ray, Joint Secretary, The Institute of Chartered Accountants of India Published from : The Institute of Chartered Accountants of India, Eastern India Regional Council, 7, Anandilal Poddar Sarani, P.S.: Shakespeare Sarani, Kolkata Printed from: CDC Printers Pvt. Ltd., Tangra Industrial Estate - II, (Bengal Pottery), 45, Radhanath Chowdhury Road, P.S. :Tangra Kolkata Editor: CA Anirban Datta, Chairman, Eastern India Regional Council, The Institute of Chartered Accountants of India. The Institute does not accept any responsibility for the view expressed in the contributions of advertisements published in the newsletter. Phone: /41, Fax: , Website: eirc@icai.in If undelivered please return to : Eastern India Regional Council, The Institute of Chartered Accountants of India, 7, Anandilal Poddar Sarani (Russell Street), Kolkata

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