The Chamber News

Chetan Shah and Manoj Shah
Hon. Jt. Secretaries

Through this column, we communicate with you about, and keep you abreast with, the events and the happenings that take place at the CTC. The events that have taken place from the previous issue of the Income Tax Review up to 21st December, 2007 as also some of the important future events, are as hereunder –

1. Admission of new members

The following are the new members who were admitted in the Managing Council Meeting held on December 21, 2007.

1. ASSOCIATE MEMBERS

   1	The Indian Hotels Company Ltd.	(Type I – One Year)
   2	Indusind Bank Limited	(Type I – One Year)
   3	Enam Asset Management Co. Pvt. Ltd.	(Type I – One Year)
   4	The Great Eastern Shipping Co. Ltd.	(Type I – One Year)
   5	Indsec Securities & Finance Ltd.	(Type Ii – Five Year)
   6	Expressit Logistics Worldwide Ltd.	(Type I – One Year)
   7	Nilkamal Limited	(Type I – One Year)
   8	Euro Ceramics Ltd.	(Type I – One Year)
   9	Birla Global Finance Co. Ltd.	(Type I – One Year)
   10	Godrej Industries Limited	(Type I – One Year)
   11	Sbi Funds Management Private Ltd.	(Type I – One Year)
   12	Binani Industries Limited	(Type I – One Year)
   13	Bob Capital Markets Ltd.	(Type I – One Year)
   14	Ashoka Buildcon Limited	(Type I – One Year)
   15	Reliance Capital Asset Management Ltd.	(Type II – Five Year)
   16	Dharamshi Securities Pvt Ltd.	(Type I – One Year)
   17	Ipca Laboratories Limited	(Type I – One Year)
   18	Klenzaids Contamination Controls Pvt. Ltd.	(Type I – One Year)
   19	Standard Chartered Bank	(Type Iii – Ten Year)
   20	Spa Capital Services Ltd.	(Type I – One Year)
   21	Tiki Tar Industries (India) Ltd.	(Type I – One Year)
   22	Edelweiss Capital Ltd.	(Type Ii – Five Year)
   23	Idea Cellular Limited	(Type I – One Year)

2. Ordinary Members

   1	Neelakantan Jayendran	Ca
   2	Mrs Idnani Maya Baldev	Adv
   3	Jhankharia Jitesh	Ca
   4	Ms Deshmukh Sarita Suryakant	Ca
   5	Bapat Deepak Krishanaji	Adv
   6	Mrs Shivdasani Nita	Itp
   7	Gilda Hariram Maneklal	Ca
   8	Upadhyay Ram B.	Adv

3. Life Member [Delhi Chapter]

   1.

   Mittal Amar M.

   Ca

4. Ordinary Members [Delhi Chapter]

   1	Bhalla Vinod S.	Ca
   2	Bagai Anil S.	Ca
   3	Arora Yog Raj	Ca
   4	Malik Rajan Krishanlal	Ca
   5	Verma Rakesh H.	Ca
   6	Varma Vivek S.	Adv
   7	Chakravarthy Srikanth	Ca
   8	Gupta Siddharth S.	Ca
   9	Gupta Anil Kumar P.	Ca
   10	Bhutani Virender Mohan	Ca
   11	Kumar Sanjay	Ca
   12	Bindra Mohinder Pal Singh	Ca
   13	Singh Simrat Bir	Ca
   14	Grewal Gurmeet Singh	Ca
   15	Gupta Anil Kumar	Ca
   16	Sethi Vinay J.	Ca
   17	Aggarwal Satish Y.	Ca
   18	Mehta Munish	Ca
   19	Goyal Anil Kumar	Ca

2. Past Events

1. Indirect Tax Study Circle Meeting

The IDT Study Circle meeting was held on January 17, 2008 on the subject “Set-off & Other Recent Developments under Maharashtra Vat Laws”. The meeting was chaired by CA Deepak Thakkar and was led by Shri Kantilal P. Jain, Advocate

2. Full Day Seminar on Shares & Securities

Full day Seminar on Shares & Securities, was held on Saturday, December 15, 2007 at M.C. Ghia Hall, and was well attended by the members.

3. Making your junior staff and Cpt Articles – Ready to work for you – Groom them young

A unique programme to kick start Article Clerks Career as Professional and to give edge and momentum to their learning a full day training session planned by the Education Committee was held on 18th December, 2007. The programme was inaugurated by CA Jayant Gokhale. The other speakers addressed the delegates were S/Shri. CA. Vipul Choksi, CA Atul Bheda, CA Nihar Jambusaria, CA Sunil Gabhawalla. There was Overwhelming response in attendance by the students and members which made the programme successful.

6. Boat Cruise:

The RRC and PR Committee organised a Boat Cruise on catamaran on December 22, 2007 for the members with family across the chilled wind of winter over the Arabian Sea under the moonlight. There was an overwhelming response from the members. The members and their family enjoyed the Entertainment & Dance Party at the boat cruise.

7. Orientation Course on International Taxation

The meeting was held on Thursday, January 3, 2008 on the subject “Article 7 – Business Profits”, which was lead by CA Yogesh Thar.

3. Forthcoming Events

1. Unveiling the Vision Statement & Release of CD of Income Tax Review (2002-07)

To experience the unique blend of Duty, Aspiration and Faith, all the members are Cordially invited to the function of Unveiling the Vision Statement by Shri S. E. Dastur, Sr. Advocate, & Release of CD of Income Tax Review (2002-07) by Shri Y. P. Trivedi, Sr. Advocate on 30th January, 2008 from 6.00 p.m to 8.00 p.m. at Banquet Hall, West End Hotel, New Marine Lines, Mumbai-400 020. (Please note the Change of Venue).

2. Amita Memorial Lecture

All members of the CTC are cordially invited to a Lecture Meeting organised under the auspicious of Amita Memorial Trust and jointly with BCAS.

Day, Date & Time	:	Thursday, 31st January, 2008;  6.15 p.m.
Venue	:	Walchand Hirachand Hall, IMC, Churchgate
Speaker	:	Shri Haribhai Kothari
Subject	:

3. 31st Residential Refresher Course – 7-10 February, 2008

The Enrolment for the 31st RRC is closed. We thank the members for their overwhelming response.

The Residential Refresher Course Committee is pleased to announce its 31st RRC at the invigorating cool climate and scenic beauty of MOUNT ABU, a hill station tucked away in a cozy corner of the Aravalli ranges in Rajasthan. Cradled in lush green rolling hills and surrounded by gentle valleys.

Subjects		Paper Writer	Chairman
1	Accounting Standards Vis-à-vis Taxation	CA. T. N. Manoharan	CA Arvind Dalal
2	Case Studies in Taxation	Shri Neeraj Sheth,  Advocate	Dr. K. Shivaram,  Advocate
3	Redevelopment of Properties –Taxation thereof	CA. Pradip Kapasi	Shri S. N. Inamdar, Advocate

Paper for Presentation
(on Mutual Fund Industry)
Brains’ Trust — Trustees :	Income Tax	—	Shri N. M. Ranka, Advocate
			Shri S. N. Inamdar,  Advocate
	Service Tax	—	CA A. R. Krishnan

4. 2nd Service Tax Orientation Course

The 36 hour course has been started on 5th January, 2008 and will be over on February 16, 2008 spanning over 6 – 7 weeks. The first session was held on January 5, 2008, The inauguration & key note address was delivered by Shri M. Dwivedi, IRS, and Chief Commissioner of Customs, Central Excise, and Service Tax. The course was very well attended.

5. The Corporate Committee has planned a Two Days Seminar on “Mergers & Acquisitions” on February 22nd and 23rd, 2008. Please refer CITC News of January, 2008 for further details or visit website on www.citcindia.org.
    

6. Seminar on TDS has been organized by the Education Course Committee on March 15, 2008. Please refer CITC News of January, 2008 for further details or visit website on www.citcindia.org
    

7. Half Day Seminar on “Special Economic Zone” is organized by the Direct Taxes Committee on April 19, 2008. Further details will be announced in the next CITC News visit website on www.citcindia.org.