Respected seniors and dear professional colleagues,
Wishing you and your Family a prosperous
Happy New Year
Once again, a historic moment for the Nation! Our Hon’ble Prime Minister Shri Narendra Modi Ji declared demonetization of the existing Rs. 500 and Rs. 1000 notes to take them out of circulation as a measure to curb financing of terrorism through the proceeds of fake Indian currency notes and to eliminate black money. I am sure the measure will help to curb/control black money, will eliminate fake currency and will immediately stop illegal activities like terrorisiom/drug trading/smugglings etc. It will have a positive impact on the economic growth of the country. As more money will come in the mainstream, banks will have huge money to lend; RBI may reduce the interest rates making easy for the trade and industry. As majority of money will be in the system the collection of taxes will increase which will help the government to reduce the tax rates. All types of cash based transactions businesses will have immediate impact as no cash is available in the market. It may affect a segment of people for few days but I am sure it will ease out in week’s time. The major impact will be to those who have accumulated huge black money. The ICAI President has appealed to support this initiative and we as a chartered accountant should not to indulge in helping persons doing wrong and be a partner in nation building.
It’s really a matter of great pride that we could arrange a second Residential Refresher Course (RRC) at Mumbai jointly with Bombay Chartered Accountants Society, (BCAS) on 21st & 22nd October, 2016 at Kohinoor Hotel, Mumbai. It was a great experience to have quality learning with experienced and expert faculty’s from Mumbai. My special thanks to CA Uday Sathey, Mumbai and CA Chetan Shah-President BCAS for their support and co-operation in arranging the program. Diwali get to-gather was arranged on 12-11-2016 at Vishala Hotel. It was attended by more than 250 members and their families. As GST is now reality we have organized a class room study series with eight study lectures starting from 15th November, 2016. The registration was full within two days. It shows the importance of GST in the coming days.
Apart from study we have planned to have Cricket matches in the month of December. On 10th December, 2016 we have a cricket match of President XI vs. Secretary XI at Sardar Patel Stadium. Those who are interested may register themselves at the earliest.
The International Study tour is arranged from 5th January, 2017 to 13th January, 2017 at “Magical Thailand-Krabi (2N), Phuket (3N) and Bangkok (2N). A detailed circular is e-mailed.
The Associations' birthday is on 15th December, 2016. The managing committee has decided to celebrate this day with Health check up and other health awareness programmes. The same will be finalized very soon and detailed circular will be mailed to you. Our sincere request to all to keep yourself available and take benefit of the same.
My rules for success which I hope to follow and for which I solicit your continued support. “Put success before amusement, Lean something every day, Cut free from routine. Concentrate on net profits. Make your services known. Never worry over trifles. Shape your decisions quickly. Acquire skill and technique. Deserve loyalty and cooperation. Value Character above all.”
- Herbert N. Casson
With best regards,
CA. Raju Shah