1MARCH 2018

7, Jolly Bhavan #2, New Marine Lines, Mumbai - 400020. Tel : + 91 22 613 77 600 ; Email : bca@bcasonline.org ; Website : www.bcasonline.org

Vice-President’s Communiqué

Harnessing Talent and Providing Quality Service A Monthly Newsletter of the Bombay Chartered Accountants’ Society

BCASNewsletterFor Members only. For Private Circulation only. Price: R10

(Continued on page 2)

President: Narayan R. Pasari 98200 38095 | president@bcasonline.org

Vice-President: Sunil B. Gabhawalla 98213 23921 | vp@bcasonline.org

Hon. Jt. Secretary: Manish P. Sampat 98200 10064 | js@bcasonline.org

Hon. Jt. Secretary: Abhay R. Mehta98202 28182 | js1@bcasonline.org

Hon. Treasurer: Suhas Paranjpe 98690 74643 | treasurer@bcasonline.org

Watch, Like, Share, Connect with us @ BCAS Global

LECTURE MEETING

Speaker: CA Nawshir Mirza

Subject: Corporate Governance - Role of Independent Directors

( jointly organised by BCAS and IIA BBY )

Venue: BCAS Hall, 7 Jolly Bhavan No. 2, New Marine Lines, Mumbai

Day, Date & Time: Wednesday, 06th June, 2018 at 6.15 p.m.*

*(Fellowship over a cup of tea at 5.45 p.m.)

The GST Council met for the 26th time on 10th March 2018 and announced the rollout of e-way bill system for inter-state movement of goods valued over R50,000 from 1st April 2018. The Council, however, did not reach a consensus on the proposed simplification of returns filing process as the tax bureaucracy emphasised on removing any scope for evasion while moving towards an easier return filing process. As the financial year draws to a close, a continued suspense on the way forward could be detrimental to trade and long-term development of the GST Law.

To address the issues of profession and challenges faced by the CA Firms, review the regulatory impediments and learn the possible changes in this regard for strengthening and developing the capacity of Indian CA Firms, the Society had organised a Fireside Chat with Mr. M. Damodaran, CA. Mukund Chitale & Padma Shri CA. T. N. Manoharan. The Chat was anchored by CA. Himanshu Kishnadwala. A video recording of the said Chat has been uploaded on the Youtube Channel. In the context of the recent development relating to the profession, the Chat assumes greater importance and the members may take benefit of the same.

As mentioned in the last Newsletter, the Society has decided to discontinue the Newsletter from financial year 2018-2019 and hence this will be last Newsletter. Indeed, the birth of the newsletter was envisaged to facilitate speedy transmission of information about various programs and announcements to the members.

Lecture Meeting on Corporate Governance -

Role of Independent Directors................................................................................06.06.2018.........................................BCAS Hall, 7, Jolly Bhavan No.2, New Marine Lines, Mumbai......................... 01

One Day Workshop on "Triggers for Leadership Transformation”......14.04.2018.........................................BCAS Hall, Jolly Bhavan No.2, New Marine Lines, Mumbai.............................. 04

3 Days Workshop On Advanced Transfer Pricing........................................05.04.2018 to 07.04.2018.....BCAS Hall, Jolly Bhavan No.2, New Marine Lines, Mumbai.............................. 05

12th Residential Study Course on GST.........................................................................21.06.2018 to 24.06.2018......Marriott Hotel, Kochi, Lulu International Shopping Mall Pvt. Ltd. 34/1111,

N.H. 47, Edappally Kochi....................................................................................................................... 06

TARANG 2K18 - 11th Jal Erach Dastur CA Annual Day..................................09.06.2018.......................................K. C. College, Churchgate, Mumbai........................................................................................ 1 0

PROGRAMMES AT A GLANCE DATE VENUE PAGE NO.

Please check your spam to see if any BCAS emails you have missed. Tick not spam. In case you are not receiving emails, please feel free to write to our IT Team at asst.ict1@bcasonline.org or contact Mr. Nandkumar Mandavkar at +91 22 61377617

Vol. 20 n No. 1 2 nMarch 2018

This objective remains unchanged but the context has changed. Therefore, instead of having a separate newsletter, a specific feature in the Journal will regularly include all event announcements. This decision will not only result in saving of cost to the Society but also permit a wider reach for the events since the Journal reaches to non-members as well.

Technology has opened up speedier and cost-effective means of communications. Your Society intends to use them more effectively to improve its channels of communication. All the announcements are uploaded on the Society’s website www.bcasonline.org along with various other content. The Vice President will continue to interact with the members every month electronically.

The Society will also be sending email announcements for individual events as well as a consolidated forthcoming event list. It is therefore important that your email address is correctly recorded in the Society’s records and your email software is configured to receive emails from the Society. In case you are not receiving emails from us, we

2 MARCH 2018

(Continued from page 1)

request you to write to us immediately so that we can rectify the situation and add you into our mailing list.

The Society is active on various social media like LinkedIn, Facebook and Twitter. It recently crossed the 20k mark of followers on social media. All event announcements will also be uploaded on these social media, thus permitting a much wider reach for its events. I would earnestly request all the members to connect with ‘bcasglobal’ on these social media and stay connected with the latest happenings at the Society.

Your Society has lined up a series of educational programs and intensive courses, the details whereof are available elsewhere in the newsletter. I would request you to participate in large numbers and take benefit of the same.

With warm regards

Yours truly

CA. Sunil Gabhawalla

ALL THE THREE CLINICS WILL BE HELD IN THE LIBRARY OF THE SOCIETY

RIGHT TO INFORMATION CLINIC

CHARITABLE TRUST CLINIC

Advisory Panel : Hema D. SampatClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

Advisory Panel : Dr. Gautam N. Shah and CA. Tushar K. DoctorClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

Foundation operates a Right to Information (RTI) Clinic on a regular basis. The Clinic provides help and guidance to BCAS members as also to non-members, i.e., all citizens, for making applications under the RTI Act and also assists in resolving any related difficulties on the subject of RTI. The RTI Clinic operates on Saturdays from 11 am to 1 pm. The next RTI Clinic days accordingly are – 17th, 24th March 2018 and 7th, 21st and 28th April 2018. Please call to obtain a prior appointment.

The next Charitable Trust Clinic will be held on 6th April 2018 from 5 pm to 7 pm.

Chartered Accountants and Trustees interested in having their queries solved are requested to send their queries by email to journal@bcasonline.org and call to obtain a prior appointment, latest by noon on the day of the clinic. Querists are also advised to bring along relevant papers like trust deeds, audited accounts, etc.

ACCOUNTS & AUDIT CLINICAdvisory Panel : CA. Sanjeev R. Pandit, CA. Himanshu V. Kishnadwala, CA. Jayesh M. Gandhi Clinic Co-ordinator : Mrs. Madhuri Haware – 61377613 The next Accounts & Audit Clinic will be held on Saturday, 7thApril 2018 from 4 pm to 5 pm. Persons interested in having their queries pertaining to implementation of Accounting Standards, Ind AS implementation, Auditing Standards Reporting requirements, Companies Act compliance, issues relating to Accounting aspects and Auditing aspects, etc. are requested to send their queries by e-mail to journal@bcasonline.org one week in advance and call to obtain prior appointment, at least a day before the day of the clinic. Please note that the panel will not answer any queries pertaining to tax issues.

3MARCH 2018

4 MARCH 2018

ONE DAY WORKSHOP ON TRIGGERS FOR LEADERSHIP TRANSFORMATION

Day & Date Saturday, 14th April, 2018

Time 9:30 a.m. to 6.00 p.m.

Presenter Mr. Gopal Sehjpal

Venue 7, Jolly Bhawan No. 2, Opp. Nirmala Niketan, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai-400020

Topic “Triggers for Leadership Transformation” (Know what you want to become, then become!)

Fees R 2500/- for members and R3000/ for non members(Subject to receiving the minimum registration)

Presentation Outline:

If we know the person that we want to become, then why don’t we become that person? What comes in the way? Research reveals that people are Disengaged, Depressed and have Dysfunctional behaviours. This program will help you to ‘‘take charge’’ of yourself to create the world that you want around you by identifying your triggers (any stimuli which is impacting your behaviour).

Presentation Covers

• Understand the concept of triggers – how we create our world and how it creates us.

• Understand why we do not achieve our goals; know the practical tools that enable us to use structure to improve our lives.

• Be prepared to practice an integrated approach to planning life and business.

• Learn the daily question process and how active questions can be used to help achieve personal goals to increase your employee engagement.

Speaker’s Profile:

Mr. Gopal Sehjpal is an Associate Certified Coach (ACC) with the International Coach Federation (ICF) with more than 700

hours of coaching to his credit. In addition to this he is also a Certified Marshall Goldsmith Stakeholders Centered Coach.

He has spent many years providing unique cultural and leadership insights that help multinational clients achieve new levels

of productivity and performance. Currently, Mr. Sehjpal has passion to transform business and industry leaders into highly

effective corporate stewards.

He found that when they work at their brain-level, and improve their thinking, they have always produced stupendous results.

Therefore he finds that coaching approach derived from the neuroscience has the best application to realize his mission.

Mr. Gopal Sehjpal has worked with ICF accredited, brain-based Neuro Leadership Group as a Lead Trainer, Executive Coach

and an Assessor and has assessed executives in high performance coaching skills in MNC and top Companies like: Deutsche

Bank, Bayer, Times of India, Engineers India, Life Insurance Corporation of India, Reliance Industries, Pfizer, to name a few.

Mr. Sehjpal has effectively lead Coach Training and Performance Leadership Programs in South Asia. He comes with more than

18 years of rich training. Let us learn more about him by attending the session.

HUMAN DEVELOPMENT AND TECHNOLOGY INITIATIVES COMMITTEEChairman: CA. Rajesh Muni

Co-Chairman: CA. Mihir C. ShethConveners: CA. K K Jhunjhunwala, CA. Mukesh Trivedi, CA. Nikunj Shah, CA. Anand Kothari

Co-ordinators : CA. Mahendra Turakhia, CA. Gracy Mendes, CA. Ryan Fernandes

5MARCH 2018

3 DAYS WORKSHOP ON ADVANCED TRANSFER PRICING

Day & Date Thursday - 5th April 2018, Friday - 6th April 2018 & Saturday - 7th April 2018

Venue 7, Jolly Bhawan No. 2, Opp. Nirmala Niketan, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai-400020

Time Breakfast : 9:15 a.m. – 10:00 a.m.

Sessions : 10:00 a.m. – 6:00 p.m.

Lunch : 1:30 p.m. – 2:30 p.m.

Two Coffee Breaks of 15 min each in-between sessions

Fees Member Non-Member

R5,550/- R6,350/-

The above fee includes GST, contribution of R 50/- towards BCAS Foundation, breakfast, lunch, cost of study material, tea, coffee and refreshments.

Dear Member,

With behemoth efforts of the tax authorities worldwide to bring-in transparency, the application of arms length principle remains an important window through which income or expense between related parties can be justified. BCAS is ready with its 8th

Intensive Study Course on Advanced Transfer Pricing to be conducted in classroom style on 3 consecutive days ; spread over 6 sessions touching upon important as well as recent developments on transfer pricing regulations.

The focus of this workshop will be more on practical application of arms length principles as compared to the theory of the subject . In view of this , we request participants to acquaint themselves with the theoretical knowledge of transfer pricing regulations, prior to attending this workshop. Post this workshop, the participants will be able to decide on the following:

- Knowing FAR of comparable companies and, whether or not, it is same or similar with the tested party;

- Knowing when and how to conduct TP adjustments and whether or not, it would be justified in the court of law; and

- Knowing relevance of TP strategies and building cross-border FAR at the planning stage.

INTERNATIONAL TAXATION COMMITTEEChairman: CA Mayur Nayak

Conveners: CA Deepak Kanabar, CA Rutvik Sanghvi, CA Siddharth BanwatProgramme Co-ordinators : CA Shreyas Shah, CA Maitri Ahuja

Sr. No. Sessions ParticularsDay 1 Session 1 (Conceptual Theory) Fast-track understanding recent developments on transfer pricing, including

OECD Transfer Pricing Guidelines, 2017

Session 2 (Practical Workshop) Case Study on identifying the Functions performed, Assets utilised and Risks borne-by (FAR) of comparables from the study and review of Annual Reports for various industries.

Day 2 Session 3 (Practical Workshop) Case Study on TP adjustments (such as working capital adjustment, risk adjustment, etc.) along with case laws support or disapprove the same.

Session 4 (Conceptual Workshop) Practical difficulty in obtaining comparables and its alternatives, service provider having potentially high intangibles, low-functional risk entities (such as toll manufacturer), etc.

Day 3 Session 5 (Practical Workshop) Case Study on designing FAR (at planning stage) for various industries and enabling tax-efficient and sustainable business model in light of Transfer pricing, MLI and GAAR.

Session 6 (Conceptual Theory) Recent decisions on matters discussed above

Your Society has planned this Workshop to understand the gamut of issues related to ALP concept. The idea is to provide a practical learning with a case-study based format. Faculty will comprise of senior professionals having expertise in the field of Transfer Pricing.

6 MARCH 2018

12TH RESIDENTIAL STUDY COURSE ON GST

The Indirect Taxation Committee of BCAS is pleased to announce the 12th Residential Study Course on Indirect Taxes.

The details are as follows:-

Day & Date Time Thursday to Sunday - 21st June to 24th June 2018Venue Marriott Hotel, KochiFees R 15,750/- + 2835 (GST) = R 18,585/- per member

Subjects & Paper WritersKey Note Address CA. Upender Gupta, IRS Commissioner , GST, Policy Wing, CBEC New Delhi.Guest Speaker Pullela Nageswara Rao, Chief Commissioner CGST, Cochin Zone

Papers for Discussion“Case Studies on Levy & Supply

(including mixed and composite supplies)”

Rohit Jain

(Advocate)

“Place of Supply, Cross-Border transactions

(including between states), Input Tax Credit, Export & Refunds”

CA. Divyesh Lapsiwala

“Classification issues under GST, Works Contract and Job Work ” G. Shivadass (Advocate)Papers for Presentation

GST Audit and state of preparedness CA. Naresh ShethProcedures under GST, Payment, Returns etc - Issues CA. Rajiv Luthia

Talk showGST related practice – Journey so far & Way ahead Eminent Professionals

Address of the Venue:Marriott Hotel, Kochi , Lulu International Shopping Mall Pvt Ltd, 34/1111, N.H 47, Edappally Kochi 682024. Tel: 0484-7177777

Notes:1. The Residential Study Course is open only for Ordinary and Life members of BCAS.

2. Enrolment has already started and will be restricted to 150 members only, on first-come-first-served basis.

3. The Course will begin on Thursday 21st June 2018 with Lunch, and will conclude on Sunday 24th June 2018 after lunch. Delegates can check-in at the hotel from 2 pm onwards on 21st June 2018.

4. All participants will be accommodated in earmarked rooms on twin sharing basis. The participants are requested, therefore, to indicate in the enrolment form their preference of room partner, if any.

5. The Enrolment Fees is inclusive of lodging, boarding, course material and R 50/- being contribution towards BCAS Foundation.

6. Kochi is well connected with all major cities in India, through the network of various airlines as well as by railways. And the venue is in the midst of city about 25 kms from Kochi Airport, and about Ernakulum Junction (South) 12 kms or Ernakulum North 9 kms from Kochi Railway Station.

7. Refunds & Substitution: Once enrolled, requests for refunds will not be entertained. However, the Committee, at its discretion, may permit substitution in specific circumstances, provided such request for substitution is received well before the commencement of RSC and the person to be substituted is an eligible member of BCAS.

8. Members from Kochi can join as non-resident participant (only those members whose address is so registered with BCAS). The fees (inclusive of course material, 3 dinners and 3 lunches) shall be R 11,000/- plus GST R1980/- (Total R12,980/-) per member.

9. For further enquiry, if any, you may kindly contact Mr. Javed / Mr Bilal at BCAS. (022- 61377607/61377604, e-mail: em1@bcasonline.org)

INDIRECT TAXATION COMMITTEEChairman: CA. Deepak R. Shah

Conveners: CA. Samir Kapadia, CA. Mandar Telang, CA. Saurabh Shah

7MARCH 2018

Enrolment FormBombay Chartered Accountants’ Society

12th Residential Study Course on GST

21st June to 24th June 2018

Name: …………………………………………................................................................................................................................................................................................................................................……….……………………………………

M. No.: …………………………………...............................................................................................................................................................................................................................................................................................................

Address: ……………….............................................................................................................................................................................................................................................……………………………………….……………………………

………………………..........................................................................................................................................................................................................................................................……………………………………….………………………………

Tel/Email: ………............................................................................................................................................... / ……………………............................................................................................................................……………………….

Choice of Room Partner: …………………………………………………......................................................................................................................................................................................................................………………..

I would like to act as Group Leader for Paper: (1)………....................................................................................……....... (2) …...........................................................................................………………..

Enrolment Fees Rs. 18,585/- (15750 + 2835)

Enrolment Fees Rs. 12,980/- (11000 + 1980) (On Non-residential basis as per Note No 8)

Paid by Cheque/Draft No. ..................................................................................................................................................................................................................................................................................................

Drawn on……………………………………………………………………………………............................................................................................................................................................................................................................................

GSTIN ………………………………………………………………...................................................................................................................................................................................................................................................……………………

Please Note: Request you to submit your GST Certificate with Enrolment Form

Date: ………………............................................................ Signature: ………………….....................................................................................……………

8 MARCH 2018

Mr. / Mrs./ Miss.

CITY: STATE: PINCODE:

COUNTRY: MOBILE: Tel (O) :

EMAIL ID: Tel (R) :

DATE OF BIRTH: (DD/MM/YYYY) BLOOD GROUP:

ICAI REGN. NO. : ICAI REGN. DATE: (DD/MM/YYYY)

GENDER : MALE / FEMALE FROM INDUSTRY / PRACTICE

GSTIN*

Bombay Chartered Accountants’ Society7, Jolly Bhavan No.2, New Marine Lines, Mumbai 400020. Tel: 61377600

E-mail: bca@bcasonline.org Website: www.bcasonline.org E-Journal: www.bcajonline.org

MEMBERSHIP / SUBSCRIPTION FORM

Affix photo

here

FEE DETAILS: [ANNUAL SUBSCRIPTION]

Details ICAI Member prior01.04.2014

ICAI Member after01.04.2014

Select Option

BCAS Membership

Ordinary1

With Journal

Entrance Fee 1,180.00 590.00

Membership Fees 1,770.00 1,770.00

Life Membership (without Journal) 1 11,800.00 11,800.00

Life Membership (with Journal) 1 , 2 13,000.00 13,000.00

Journal Subscription 2 1,200.00 1,200.00

Details 1 Year 2 Years 3 Years

Student Membership [ Membership, e-journal, Study

Circle, Discount on selected events] 1

500.00 800.00 1,000.00

1 The above fees are inclusive of Goods and Service Tax. The rates are subject to change basis notification from time to time.2 6 months and 9 months, proportionate fees for Membership and journal Subscription available.

Newsletter by Post/Courier Email | We shall send our notifications by SMS: Yes/No

Payment DetailsCash/Cheque/Draft of Rs. …………………………...................................................................................………………………..drawn on ………………….............................................................……………...........………..bank,………………....................................................................................................................……….Branch, Cheque/Draft No………………....................................…………………………………….Dated………..........………..……………..Date:_______________________________________________________________ Sign:__________________________________________________________

Note:1. Outstation payments to be made by Demand Drafts only. Payable at Mumbai. Now you can pay online on www.bcasonline.org 2. Cheques/Draft should be drawn in favour of “Bombay Chartered Accountants’ Society”.3. Please attach a photocopy of Membership Certificate of The Institute of Chartered Accountants of India.4. Office timing: 10.30 a.m. to 1.30 p.m. and 2.00 p.m. to 5.30 p.m.

• In case of new members and renewals of existing membership, the recipient of the supply can be the member only. Therefore, only the GST registration number of the member ( and not the firm) will be recognized. In case the member is not registered under the GST Law, the same shall be treated as B2C Transaction. It may also be stressed that all pending renewals which are renewed after the transition date will be liable for GST.

(For Individuals)

[IN BLOCK LETTERS PLEASE]

9MARCH 2018

10 MARCH 2018

11MARCH 2018

Sr. No Name Role Email ID Direct Line

1 Ms. Mamta VarmaMember Relations Executive

Membership, Imprest, Publications andOnline Payments

mrd@bcasonline.org 61377616

2 Mr. Manoj Lokhande, Front Desk Executive Enrollments and Collections frontoffice@bcasonline.org 613776293 Mr. Prakash Palsamkar, Front Desk Executive Enrollments and Collections frontoffice@bcasonline.org 613776294 Ms. Khushali Brahmbhatt Communication Manager communications@

bcasonline.org61377635

5 Mr. Javed Siddique, Events Manager Co-ordinator for Lecture meetings, Seminars, Workshops & Residential Courses

em1@bcasonline.org 61377607

6 Mr. Bilal Ansari, Asst. Event Manager Co-ordinator for Lecture meetings, Seminars, Workshops & Residential Courses

asst.em2@bcasonline.org 61377604

7 Mr. Aniket Manjrekar, Event Executive Co-ordinator for meetings and study circles at BCAS office

event.exec@bcasonline.org 61377606

8 Mr. Manoj Singh Graphics Designer for Announcements, Standees, Banners etc

graphics@bcasonline.org 61377622

9 Mr. V. K. Sharma, Knowledge Manager Journal & Newsletter Production km@bcasonline.org 6137761910 Ms. Madhuri Haware,

Asst. Knowledge ManagerJournal & Newsletter Production asst.km@bcasonline.org 61377613

11 Ms. Rathi Nair, Secretary to President Executive Assistant sp@bcasonline.org 6137761212 Mr. Upendra Hisaria, Office Manager General Office Administration & Escalations

and all other matters not mentioned aboveom1@bcasonline.org 61377611

BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY - STAFF CONTACT DETAILS

12 MARCH 2018

BCAS Membership No.: ................................................................................GSTIN: - .............................................................................................

Name: ........................................................................................................................................................................................................................

Address: ....................................................................................................................................................................................................................

...................................................................................................................................................................................................................................

Tel (O): ………………………….…......……… Tel (R): ………………………….………........…Fax: ……...…..........…….………..…….....…….............

Mobile: ………………………………………….......................… E-mail: ………………………….………................……………...….....………….……

Cash/Draft/Cheque No. :……………………….......................…..drawn on ………….…...........……...............………….…..........…………...bank,

Dated …………………...................…..........................….for an amount of R………............…………………….........................………..is enclosed.

Date : ................... (Signature)

Enrolment Form

BCAS Study Circles 2017 –18Sr. No. Study Circle Fee

(R)Tick your

choice hereI Direct Tax Laws 472II Indirect Tax Laws 472III Company Law, Auditing & Accounting 472IV FEMA 472V Information Technology 472

VI Human Resource Development 472VII ITF 1,180VIII BCAS Suburban Study Circle 708IX International Economics Study Group 1,180

Sr. No. Study CircleFee (R)

Tick your choice here

* Above Fee is inclusive of 18% GST

Com

bine

d En

rolm

ent F

orm

Study Course

Workshop

Event

3 Days Workshop On Advanced Transfer Pricing ...................................05.04.2018 to 07.04.2018 .... Members....R5,550......... Non-Members......R6,350.......................................................

The 11th Jal Erach Dastur CA Annual Day TARANG 2K18 ......................09.06.2018 .......................................................................................................R100per student .......................................

One Day Workshop on "Triggers for Leadership Transformation” ........14.04.2018 ........................... Members....R2,500......... Non-Members......R3,000.......................................................

• Please fill in the above form and send the same to the Society’s office along with requisite payment. • Please mention your name and membership number on the reverse side of the local cheque/at par cheque/Demand Draft. • The Cheque/DD will be in the name of “Bombay Chartered Accountants’ Society”. Your participation will be confirmed only after the realization of payment at BCAS, for which a receipt will be provided for your reference. • Kindly note that the cash counter timings are from 10.30 am to 5.30 pm on Monday to Friday and 10.30 am to 1 pm on Saturday. The lunch time is 1.30 pm to 2 pm. Members are requested to co-operate in this regard. • Cancellation policy: Kindly note that no refund will be given in case of cancellation for any reason and no substitute will be allowed.

Edited, printed & published by Raman Jokhakar on behalf of Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at Spenta Multimedia Pvt. Ltd., Mumbai-400013.

12th Residential Study Course on GST.....................................................21. 06. 2018 to 24.06.2018.................. Per Member...........R18,585....... Non Residential........R12,980..........................

Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MCS/093/2018-20Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1Published on 15th of every month • Posted on 15th & 16th of every month