BCAS Vice President Sunil Gabhawalla's Message for the Month of June 2018

June - 2018
BCAS Vice President Sunil Gabhawalla's Message for the Month of June 2018

Dear Members

Time flies and how fast!! It seems just some time since I first communicated to you in July 2017 as the Vice President of the Society. Through a series of monthly communications, I tried to present some of my thoughts which may be relevant to profession in general. I received interesting feedback and I thank all of you for encouraging me with your words of wisdom. Through this last communication as the Vice President, let me take the liberty of introducing the Vice President Elect CA Manish Sampat, who will write this feature from the next month onwards with a new set of ideas and thoughts. I wish Manish all the best for the next year.

As I move into the larger role as President at the ensuing AGM on 6th July, I invite suggestions from you about the activities that you would like to witness at BCAS. I would be presenting the theme and the annual plan at the said AGM and would be excited to have your presence at the said event. The respective Sub-Committees have been formed and have planned a diverse set of activities, events and publications.

The Convenors and Chairpersons are putting in a lot of effort, the faculties would be devoting valuable time for selflessly contributing to the intellectual development of the profession. Packed audience is the adrenaline which drives the faculty and the organisers to give their very best. As members, we can ensure active participation for the respected faculties. I therefore invite you to take the benefit of all such programs depending on your areas of interest.

The inaugural lecture meeting for BCAS Year 2017-2018 will be held on 11th July 2018 where the tax implications on transactions in securities will be analysed by CA Pinakin Desai. Another lecture meeting will be held on 1st August 2018 where CA P. R. Ramesh will analyse the impact of technology on the role of auditors.

A very interesting talk on “Making Internal Audit Count: Rising to the Expectations – A Curtain Raiser” is organised on 13th July 2018, the first in a series of interesting and relevant seminars, talks, roundtables and workshops on the practice area of Governance, Risk and Compliance (GRC). Members interested in this domain can participate in this talk by CA T. N. Manoharan & CA Mario A. Nazareth.

Monsoons have started. Its’ a season where the nature is at its’ very best. The trees find a new makeover and landscapes appear lush green. Its’ also a time when members can spend some time with nature and rejuvenate themselves for the busy season ahead. At the same time, monsoons also brings occasional vagaries of diseases and flooding. Its’ therefore also time when members should take due care of themselves and their loved ones.

Due to time and geographical constraints, members at times are unable to attend events despite their best desires. BCAS strongly believes that digitization is the way ahead to resolve this challenge. We successfully concluded the 12th Residential Study Course on GST and the video recording will be available on our e-learning platform soon. At the RSC, short videos were recorded from our outstation members and the same will be available for free on various platforms. I encourage you to wholeheartedly support the initiative and take benefit of the same.

Next month, a new column in the BCAJ and some new thoughts. Till then, good-bye

With warm regards


Yours truly

CA. Sunil Gabhawalla