For Private Circulation Only January, 2014 NATIONAL CONVENTION for CA STUDENTS at Ludhiana 18th & 19th January, 2014 EMPOWERING YOUTH - TO LEARN TO LEAD TO SERVE TO SHINE Organized by: BOARD OF STUDIES, ICAI Hosted by: LUDHIANA BRANCH OF NIRC OF ICAI & NICASA
Glimpses - Inaugural Session 2 Winning isn't everything--but wanting to win is the thing that matters
Message from Chairman Dear Members, Greetings!!! The year 2013 was a successful one for the Ludhiana Branch and I am sure that we are all proud to be part of that success story. 2014 has arrived. Let me convey my heartiest wishes to all the members and their families. A new year is with us again. Also, I would like to congratulate all of you on the mega success of two days 'National Convention for CA Students' hosted by Ludhiana Branch of NIRC of ICAI. There were more than 1300 students from all over India participated in this convention. Convention was inaugurated by Hon'ble Shri K.V. Chowdary, Member Investigation, CBDT. CCIT Madam Nishi Singh and Shri S.T. Ahmad, Director General Investigation was the GUEST OF HONOUR. Top brass of officials from the Income Tax Department, Ludhiana was also there during inaugural session. I am proud to be a part of this convention in which the students has grown and contributed so much. I would like to take this opportunity, especially to thank my fellow officebearers, who have been supportive during the convention. I had an awesome experience during this convention as I was fortunate enough to have the most helpful and capable team with me in the Ludhiana Branch. Lastly, I thank the members and their families. I, once again, along with committee of Ludhiana Branch and staff of Ludhiana Branch, wish very HAPPY NEW YEAR 2014 to all the members, students and their families. Regards CA. Rachit Bhandari Message from Secretary Respected Members, Dear Professional Colleagues, It is my joy to write for you, as we usher in a New Year - 2014. I thank the Almighty God for mercifully watching over all of us. Despite the challenges we have faced in the past year, our profession continues to make great progress in various fields. Hope this New Year will bring a lot of opportunities and hopes for all of us. Dear friends, let us make a resolution on the occasion of this New Year that we will take our profession and our esteemed institute to greater heights. Also, I would like to congratulate all of you on the huge success of two days 'National Convention for CA Students' hosted by Ludhiana Branch of NIRC of ICAI. At the end, once again, I wish everyone a happy, productive and successful year, in which we aim at making further significant progress in all fields of activities Regards, CA. Dinesh Sharma From the Desk of Editor Greetings to all the readers!!! It is always a pleasure to write for our newsletter and share the activities of the branch, to bring to all of you the writing skills of writers, recent amendments and the like. The month of January has really been wonderful. At first, the first day of this month marks the New Year. When we say New Year, a sense of newness, of renewal is created. We make resolutions to improve and be a better person. Further, this month gave us an enduring happiness. It gave us an opportunity to interact with students all across the nation at National Convention for CA Students (18th and 19th January, 2014) organised by Board of Studies and hosted by our branch jointly with NICASA. The theme of the Convention was "Empowering Youth - To Learn, To Lead, To Serve, To Shine." Students came forward and participated in organizing the two day event. It was entirely a students' show. The zeal and efforts exhibited by them are worth appreciating. Moreover, the paper presenters deliberated on the issues which are marking the dawn of our profession in Contemporary fields. In this edition, we are including the details and photographs of students adjudged as the best paper presenters. We also extend our gratitude towards members who helped us in selecting the paper presenters. When such has been the beginning of a year, so wonderful and amazing; it fills one with the enthusiasm to perform more and to perform better. It is rightfully said "Pleasure in the job puts perfection in the work." Before I close, Wishing you and your family a joyful, bright, healthy, prosperous and happiest new year ahead. Regards CA. Amanjot Kaur Adversity causes some men to break; others to break records 3
BRANCH ACTIVITIES DURING THE MONTH OF JANUARY, 2014 1. National Convention for CA students was organised by Board of Studies and hosted by Ludhiana Branch of NIRC of ICAI and NICASA on 18th and 19th January, 2014 at KVM School, Civil Lines, Ludhiana. Shri K.V. Chowdary, Hon'ble Member Investigation, CBDT graced the Convention as the 'Chief Guest'. Ms. Nishi Singh, Hon'ble CCIT, Ludhiana and Shri S.T. Ahmad, Hon'ble Director General (Inv.) were the guests of honour at the convention. The convention was attended by more than 1300 students across the nation. 2. Orientation Programme, GMCS-I Classes and Information Technology Training were conducted on regular basis. 3. GMCS final was conducted from 28th January 2014 which constituted 34 students. It s one chapter of George Dantzig s life story, George Dantzig s was a great American Mathematician and known as the `father of linear programming'. One day Dantzig walked into his classroom at California Berkley. He was late to class and all that he noticed were two statistics problems written on the board. He took down the same and during the next three days he sat and solved the same and gave to his mathematics teacher. The teacher was shocked. Before Dantzig came to the class, the mathematics Professor Neyman wrote these problems on the board and explained that these problems have not been solved by anyone and even Einstein could not solve the same! Other students never bothered to solve a problem which was not solved by anyone. Since Dantzig was late to class, he did not have this limitation in his mind and hence solved the problem! Sometimes we are limited by the discouraging words of others. They may be right from their point of view. We need others as `sounding boards', but we have to decide what we want and work towards the same. Quote 'Story of Sounding Boards' Don't believe what your eyes are telling you. All they show is limitation. Look with your understanding, find out what you already know, and you'll see the way to fly' Richard Bach We are what our mind makes us to be. Our mind can make us confident or diffident. Our mind can make us optimistic or pessimistic This story is dedicated to all learners who believe in constant updating of their skills. Training programs structured or unstructured have value additions for all of us It s up to us to listen to the limitations or to take them as a tool to understanding. CA. RAJEEV PURI 4 Love is playing every game as if it's your last
BEST PAPER PRESENTERS AT NATIONAL CONVENTION FOR CA STUDENTS, LUDHIANA Jomal George SRO0288492 Tech. Session I 'Companies Act, 2013- Landmark Legislation with far reaching consequences' Jaswinder Kaur NRO0277096 Tech. Session II 'Banking Changing Scenario' Shivani S Maniar WRO0426006 Tech. Session III ' E-filing Portals can be used as 'filing cabinet' Natchammai Ramaswamy SRO0327783 Tech. Session - IV 'Service Tax - Revolutionary Changes' Indraneil Banerjee WRO0275076 Tech. Session V 'Accounting Standards Multiplicity thereof' Nikhil Chhabra NRO0256159 Special Session I 'Post qualification opportunities for a CA Practice or Job' Gursimran Kaur NRO0258549 Special Session II 'If I would have been the RBI Governor' EDITORIAL BOARD Editor-in-chief: CA. Rachit Bhandari Editor: CA. Amanjot Kaur Co-Editor: CA. Rajesh Kumar Jain The views expressed or implied in the branch newsletter are those of the authors/contributors. Ludhiana Branch of NIRC of ICAI does not accept any responsibility for the views expressed in the contributions or advertisement(s) published in the Newsletter. Disclaimer: The Ludhiana Branch of NIRC of ICAI is not in any way responsible for the result of any action taken on the basis of the advertisement published in the newsletter. The members however may bear in mind the provisions of the code of Ethics while responding to the advertisement. Printed and Published by the Ludhiana Branch of NIRC of The Institute of Chartered Accountants of India. APPEAL Newsletter is also available in electronic format. If any member has not received the same electronically, we request you to kindly mail your email id to ludhiana@icai.org so that in future your name could also be added to the list of mailers for the purpose of electronic newsletter. Congratulations to the students and wishing them a bright future ahead!!! When you re riding, only the race in which you re riding is important 5
Glimpses - Technical & Special Sessions Nitin Chandwani Palak Arora Jomal George Shubham Karwa Kallepalli Hari Jaswinder Kaur Sonia Rani Vadapalli Nagalakshmi Lalit Kumar Rajmal Barot Shivani S Maniar Sheetal Nilawar Deepali Inani Natchammai Ramaswamy Raj Mukesh Khona Vinay Inder Chugh Aastha Kundra Indraneil Banerjee Muskan Aneja Nikhil Chhabra Avineetpal Singh Sunil Modgil Raghav Mittal Gursimran Kaur Utkarsha Sharma 6 Champions keep playing until they get it right
Glimpses - Technical & Special Sessions Nitin Jain & Deeksha Sareen Pranshu Aggarwal & Rippanpreet Kaur Astha Kundra & Rahul Jain Rishabh Gupta & Zhanvi Joshi Harmanpreet & Parvinder Yatin Bansal & Ayushi Singla Saloni & Luv Luthra Anmol Katyal & Nisnath CA. Amarjit Chopra CA. Arun Gupta & CA. Piyush Jain CA. Vishal Garg & CA. Ramesh Talwar CA. Ajay Kumar Jain Sh. Vijay Kapur CA. Subhash Jain & CA. Amrit Mohan Singh Makkar CA. Jasminder Singh & S. Harpal Singh CA. Sanjiv Chowdhry The will must be stronger than the skill 7
Glimpses of Cultural Evening If undelivered please return to: Ludhiana Branch of NIRC of ICAI, ICAI BHAWAN, Near Silver Oak Gardens, Pakhowal Road, Ludhiana E-mail : ludhiana@icai.org Website : www.icailudhiana.org 8 The impossible is often untried