The Institute of Chartered Accountants of India AMRITSAR ...herself like Indira Nooyi, Isha Kocchar,...

AMRITSAR BRANCH OF NIRCAMRITSAR BRANCH OF NIRCAMRITSAR BRANCH OF NIRC

NEWSLETTER FEB. to MAY, 2019NEWSLETTER MARCH - 2020

The Institute of Chartered Accountants of IndiaThe Institute of Chartered Accountants of India(Set up by an Act of Parliament)(Set up by an Act of Parliament)

The Institute of Chartered Accountants of India(Set up by an Act of Parliament)

CONTENTSChairman Message....................... 2

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Bhushan Steel Takeover 4-8

Editor in Chief's Message.............

CA SANJAY ARORA

CA JATINDER VANSIL

CA SHASHI PAL

CA DEEPAK VERMACA SUMIT JAITLY

Secretary &

ICAI Bhawan Bhai Gurdas Ji Nagar (New Amritsar)1.

2.

, [email protected]

Vice Chairman

CA IQBAL SINGH GROVERTreasurer

OFFICE BEARERS :-

Executive Members

NICASA Chairperson CA PALAK BANSAL

ADDRESS:-

EDITORIAL BOARD

CA MANISH MIDHA

CA POOJA TRIKHA

CA GAURAV AGGARWAL

CA AJIT PAL ANEJA

CA GAURAV GUPTA

CA NEHA KUNDRA

CA ABHISHEK BERI

On 28th February, 2020, during the 14th Executive Committee Meeting (2019-22), the Office Bearers were elected for the Year 2020-21

Women Empowerment 9-10

Glimpses Branch Activities 11-12

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I am extremely grateful & blessed to take over as 42nd chairman of Amritsar Branch of ICAI more so in new

decade , At the outset, I wish to share with you that I owe whatever I am today to the blessings and well

wishes of my parents, family coupled with learning experience, which I got from my seniors and the continuing

love and support I got from fellow Professionals.

March 2020Amritsar Branch of NIRC of ICAI

CA SANJAY ARORAChairman, 2020-21

Amritsar Branch of NIRC of ICAIMarch, 2020

Chairman...

Dear Professional Colleagues

“Before you are a leader, success is all about growing yourself.

When you became a leader success is all about growing others”

– Jack Welch

It was indeed an enhanced learning time for me partnering in the consolidation measures of the Managing

Committee for the Year 2019-20, as Vice-Chairman. Fortunately, the branch has a team of very young and

enthusiastic committee members who are eager for betterment of branch & the Amritsar branch has been

awarded as Best Branch at National Level in Medium Category for the year 2019. We are affluent to get

continuous guidance from seniors.

The Office Bearers and the Managing Committee Members is as under:

Name of the Managing Committee Member Office BearerCA Sanjay Arora

CA Jatinder Vansil

CA Shashi Pal

Chairman

Vice Chairman

Secretary

CA Iqbal Singh Grover Treasurer & Immediate Past Chairman

CA Palak Bansal

CA Sumit JaitlyNICASA Chairman

Executive Member

Vision and Strategic Action Plan 2020-2021

My Action Plan in brief is going to be guided by the following:-

Improve the connectivity CA Members/students of Amritsar with ICAI

Continuous improvement in infrastructure available to both members as well as students

Ensure reasonable participation of each Members

Ensure efforts to organize programs of due professional interests, lending us the effective edge for excelling in profession

Ensure measures to effectively represent our strength in profession before concerned authorities.

To Increase importance and presence of our fraternity in government departments.

To develop & move to more and more student led activities.

Mentorship Program for young Chartered Accountants

Empowering small and medium practitioners by providing niche knowledge and capacity building initiatives of ICAI.

Sincere Appeal to Strengthen the Corpus of CABF

I appeal all stakeholders of our profession to come forward and actively support and contribute for the cause of

membership of accountancy profession, i.e. Chartered Accountants Benevolent Fund (CABF), which is an

initiative of ICAI to provide financial assistance to our members-indistress for sustenance that may may bring back

smiles on the faces of more needy familiesfrom our professional fraternity.

Contributions to CABF are exempted under Section 80(G) of the Income-tax Act, 1961.

I am thankful for being elected to take charge and lead the profession’s pursuit of excellence, independence and integrity.

Valuable suggestions/feedback are always welcome.

"Everything depends upon execution; having just a vision is no solution." I express my heartfelt

gratitude to the members and executive members for giving me an opportunity for serving as Secretary

of Amritsar branch. We ensure all the members of the branch, Team Amritsar Branch is continuously

giving their contribution for the cause of profession. We have just successfully completed the

renovation work of seminar room and corridor out side the seminar room and front Area of Building,

Seminar room with ultra modern and new look with facilities of wall mounted projectors, wifi speakers

and amplifiers.

Sd/-

CA Shashi PalEditor in Chief

Secretary, ICAI Amritsar Branch

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Editor...

March, 2020

Respected Members,


Further it gives me immense pleasure to inform that with the efforts of all the office bearers and

cooperation of members of the Amritsar branch for the session 2019-20, Our Amritsar branch has

been awarded as 1st Prize of National level Best Branch Award under Medium category. I on the

behalf of our chairman other office bearers assure all the members that we will continue to give our

contribution to bring the branch to new heights and for the benefits of members.

This month is very crucial with regard to health & safety as wide spread of Covid-19 has created lot of

panic and disturbance in society & financial sector. Due to this pandemic the activity of branch has

also put on hold and advisory is issued to members for gaining the knowledge from digital hub

platform. So I request all the members and students to stay safe, stay healthy and stay home

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BY CA SAHIBA ARORA The Author can be reached at

[email protected]


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BY CA PALAK BANSAL The Author can be reached at

[email protected]

Its Women day and we all applaud for women who

have performed splendidly in various fields of life

and we should indeed do that too. It takes a lot of

efforts , courage and persistence for a women to

get her share in this man driven world. But, there

are many out there who are still not given a chance

to prove their worth. Many might be around us

who want wings to fly, who need a bit of motivation

to take a start. Why not all of us forget the gender

biasedness and give equal opportunities to both

men and women?

Women empowerment is a must for the betterment

of our country's future, as women are better

manager than men. They can properly manage both

her house and office in a systematic way as

compared to men. Many of us oppose women

education and feel sad when a girl child is born, due

to our narrow minded thought process. Now it is on

us to decide whether we want a son like Kasab or

Nirbhaya rapist on whom the world is ashamed of

or we want daughters like, Kalpna Chawla, Lata

Mangeshker, Mary Kom, Hima Das, Surekha Yadav,

Lieutenant Colonel Jyoti Sharma and the endless

list who are pride of our country. Till date a women

has played pivotal role of a mother, daughter, sister

and wife, so think if she gets a chance to work for

the development of India she will definitely prove

herself like Indira Nooyi, Isha Kocchar, Neeta

Ambani, and many more who are beautiful

example for our country's pride.

Empowering women is to bring equality in the

social order in which men and women are both

equals in all areas. Gender discrimination is one of

the main societal concerns in India which is a male

dominated country. Upliftment of women in all

strata's of society should be the main concern of a

country. It is women's birthright to get equal status

in the society.

To really bring empowerment, women need to be

conscious about their rights from their own end.

They should be aware about what's happening in

their society and surroundings. It has the power to

change many things in the society and country.

They are more equipped than men to deal with

certain problems in the society. They can

understand the problems relating to

overpopulation in the country. They are capable of

solving the economic crisis in the country.

Women are confident, intelligent, sharp, kind and

all these attributes make women a great leader.

The biggest examples of smart talented women are

Indira Gandhi, Michelle Obama, Hillary Clinton,

Angela Merkel and many more. These women have

shown tact, kindness, bravery all while winning

hearts. Gloria Steinem, Amal Clooney and many

other women have been tirelessly fighting for

women's rights all over the world. They've been

fighting this ongoing battle for years on end. And

there are results where women have secured their

right to equality.

Their struggle is endless and men and women must

come together to achieve what's their birthright.

The fight may turn dirty but everything comes at a

price. It's been too long to live under this much

oppression. It's time to rattle the chains and fight

for what's right. The men have taken advantage of

their naivety for centuries; they've used every trick

in the books to keep women under their thumbs.

What women need to understand is they are their


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own leaders and nobody else should be able to tell

them what to do, what not to do. They should be

educated and knowledgeable enough to make their

own decision and control their life, and for that to

happen, they need to step out of their houses and

see the world with their own eyes.

Through empowerment, it can be possible to

change the male dominated country into the

equally dominated country of prosperous economy.

A woman is considered to be in charge of

everything in the family as she can solve all the

problems in a better way from her own end.

Empowerment of women would automatically

bring empowerment for everyone. . In few last

years, we have seen the advantages of women

empowerment coming out in front of us. Women

are more aware about their health, education,

career, job and responsibilities than they ever were.

They are taking part in the every quarter and

showing great interest in every field. Finally, after

long years of great effort, they are getting their

rights to go ahead on the true path.

Don't just stand for the success of other women -

insist on it as the woman who follows the crowd

will usually go no further than the crowd. The

woman who walks alone is likely to find herself in

places no one has ever been before.

“ There's a hope that's waiting for you in the dark.

You should know you're beautiful just the way

you are And you don't have to change a thing, the

world could change its heart . No scars to your

beautiful, we're stars and we're beautiful.”

Regards!

CA PALAK BANSAL.

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It is indeed a matter of great pride for the Branch that, Amritsar Branch of NIRC has been adjudged BEST ALL INDIA BRANCH in the Medium Category for the year 2019-20 in Northern India Regional Council. The Branch management Committee along with other Members received the Award and Certificate of Appreciation in the Award Function organized on 07th February, 2020 in New Delhi by NIRC.

Amritsar Branch of NIRC organized Cricket Match for CA Members on 22nd February 2020 at Gandhi Ground, Amritsar where in 22 Members participated in cricket match. The Programme was well attended by CA Members.

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Amritsar Branch of NIRC organized Standup Comedy Event by Mr. Parvinder Singh for CA Members and CA Students on 21st February 2020 at ICAI BHAWAN, New Amritsar .The Programme was well attended by 180 Members, Students and their families.

Guests of Honour : CIT Shri SK Rastogi and CIT(A) Madam Prabhjot KaurCA (Dr.) Girish Ahuja, CA Hans Raj Chugh (CCM), CA Navya Malhotra,

Mr Vasudev (DGM Bank of India) and CA Balram Sharma (Zonal Credit Manager)

The Institute of Chartered Accountants of India AMRITSAR ...herself like Indira Nooyi, Isha Kocchar,...

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