Our institute shall be celebrating its Platinum Jubilee and we also have number of programs lined up for members as well as students. It has been a glorious past. However now a days the idea of being in practice may sound preposterous for newly qualified CA since the practice is becoming increasingly challenging day by day. The strain and stress on CA’s is enormous and the expectations of all the stakeholders from us CA’s as well as our Institute are tremendous.
As a welcome step ICAI has launched UDIN. The effect of UDIN is far reaching provided it is being used diligently by all. The stakeholders shall be definitely benefited and ultimately UDIN shall serve the purpose of underlining the sincerity, excellence and diligence of brand CA. As such it becomes the prime duty as well as responsibility of all members to propagate UDIN amongst the society at large. To this end the ICAI has also released a video of how and why UDIN is to be used. Do make time to watch and spread it across your social media groups. It may not be out of place to state that since 1 st July UDIN is mandatory for all financial statements and auditors reports as well.
Another brave step is Self Service Portal (SSP) for making the entire system paperless and online for students and members. Though there are teething troubles, I feel that over time this system shall make the processes robust and user-friendly.
This month we had various programs for students like a week on Concurrent Audit of Banks, industrial visits. For members we had arranged a month long daily session of Yog sadhana on the occasion of 21 st June being International Yoga Day. Technical sessions such as Industrial Policy, Subsidy for MSME, GST week, ROC compliances, unregulated deposits etc. were also organized during the month. We at the branch are always looking forward to organize innovative programs for members and students. Do feel free to contact me or any of the managing committee members if you wish to suggest any session or program for the benefit of all members.
Many best wishes and regards,
CA. Ruta Chitale