Dear Friends,

- Bhagwad Gita (5.25)

[One who is beyond duality and doubt, whose mind is engaged within, who is always busy working for the welfare of all sentient beings, and who is free from all sins, achieves liberation in the Supreme.]

It gives me an immense pleasure to congratulate CA Subodh Kumar Agrawal and CA. K. Raghu on their being elected to the august office of Hon’ble President and Vice-President of ICAI. I on behalf of the entire region wish both of them a great tenure. Friends, this is my last communication as Chairman, NIRC. I take the privilege of expressing my heartiest gratitude thanks, acknowledgement to my Council Colleagues, all the Students, Members and the functionaries in the Institute in achieving a little out of the whole lot during my tenure of one year.

Programmes

In my tenure the various programmes were conducted for Members as well as for Students. Though the year was election year but the NIRC has tried to conduct some of the programme for updating the knowledge of the members as well as students. Highlights of some of those programmes are as under:-

Programmes for Members

During the year following Programmes were organized for Members

Discussion on Taxation of Charitable Trusts & NPO’s	Seminar on TDS/TCS and e-filing of TDS/TCS Returns
Seminar on Schedule VI	Residential Programme at the Destination, Shimla & One Day Sub-Regional Conference of NIRC
Companies Bill and Survey, Search & Seizure	Seminar on Revised Schedule VI, Discussion on Issues in Correction of TDS Returns  Organized by G-19, Bar Room of NIRC.
Holi Milan Programme	Seminar on Income Tax
Seminar on Union Budget 2012-13	Seminar on VAT & Income Tax
Discussion on Union Budget organized by G-19, Bar Room of NIRC	Discussion on Assessment & Appellate Proceedings under Income Tax Act. Organized by G-19, Bar Room of NIRC
Seminar on Bank Audit	Seminar on Transfer Pricing, DTAA & International Taxation
Felicitation of Hon’ble President, & Hon’ble Vice President, ICAI	Seminar on Professional Development and CARO
Seminar On Foreign Trade Policy & FEMA	Seminar on TDS & Schedule VI, Automobile Industry organized by Gurgaon CPE Study Circle Jointly with NIRC of the ICAI
Seminar on Taxation & 100% Exemptions of NGO’s Charitable Trusts	Training Programmer for Technical Reviewers hosted by NIRC of the ICAI
Discussion on Cash Credit u/s 68 of Income Tax Act Organized by G-19, Bar Room of NIRC	Seminar on Taxation
Branch Orientation Programme at Parwanoo (H.P.)	Seminar on Internal Audit & Risk Management
Seminar on VAT & Labour Laws	Seminar on Service Tax & VAT
Seminar on Service Tax	Seminar on LLP & Concurrent Audit of Banks
Discussion on Capital Gain under Income Tax Act Organized by G-19, Bar Room of NIRC	Sub Regional Conference of NIRC Hosted by Panipat Branch of NIRC

Students

During the year following Programmes were organized for Students

Holi Milan Programme	Delhi Level Elocution and Quiz Contests-2012
Seminar on Union Budget	Seminar on Union Budget
Seminar on Bank Branch Audit	How to Crack IPCC CA. Exams
Mock Test for CPT, IPCC and Final Group Students	Delhi Level Debate Competition
Regional Level Elocution and Quiz Contests-2012

 

GMCS

NIRC is committed to provide GMCS batches to all the students who qualified their final exams. It is seen that the students are eligible for doing GMCS classes as soon as they registered for the final course. However, it is tendency among the students to register themselves for GMCS course after giving their final exams or qualifying the course. This tendency puts a lot of pressure on the existing resources of NIRC as it has been seen that the batches immediately after exam/result are overcrowded, on the contrary  during the other period even the limit of 50 is not fulfilled.
Despite the above, NIRC is fully committed to provide GMCS batches to each and every student desiring the same and your NIRC has organised more than two batches at a time. We got a record of running nearly eight batches of GMCS at a time. The students normally prefer the batch at Vishwas nagar and Shah Auditorium, but I may point out that the faculty is common / same for all the GMCS batches organized at various locations.

I feel proud to mention that GMCS of NIRC of ICAI is regarded as one of the best Regional Council of all over India. The students are not only coming to Delhi from Northern India but also from other states of India. I am thankful to the faculties who have made this thing to happen. I am also thankful to the officers/staff of NIRC who had devoted their day & night to provide all the facilities to GMCS students.

In this endeavor, hopefully I met the expectations of the young and aspiring Chartered Accountants. From 23rd February, 2012 to till date NIRC has imparted 4,248 Students and presently there is no pendency or queue in GMCS registration.

GMCS-1

The ICAI has introduced a new training programme namely GMCS-1. This training is meant for the students whoever registered for article-ship training on or after the 1st May, 2012. They have to complete their GMCS-1 with in 12 months of joining the article-ship training.

In order to meet the expectations of the students of GMCS-1 NIRC, has started GMCS-1 batches from 26th November 2012 at ICAI Bhawan, Vishwas nagar. This attempt was aimed at to provide a quality of GMCS-1 training in the lines of old GMCS. From 26th November, 2012 to till date NIRC has imparted the GMCS-1 course training to nearly 367 students in 7 Batches.

Orientation Course (Orientation Programme for IPCC Students, before Joining articleship Training)

With the introduction of Direct Entry scheme and its deadline for the students to complete their Orientation course by 31st March, 2013 so that they can become eligible for their next attempt. In order to meet the expectations of students desiring to complete their orientation course NIRC has put all its resources together and I am happy to announce with in a period of 30 days, NIRC is able to impart Orientation Course nearly 750 students. From 23rd February, 2012 to till date NIRC has imparted the Orientation course training to nearly 6863 students.

Infrastructure

NIRC is organizing classes for CPT, IPCC & final students. In addition to batches of Orientation, GMCS-1 & GMCS are also organized. In order to meet the demands of all the students for various facilities new venues were searched and we have made an arrangements for venue at Sehani Hall at Seelampur metro station, venue at Pitampura near City Park Hotel, in addition to existing venue at Shah Auditorium & ICAI Bhawan Vishwas Nagar. Also a floor at AIMO center at Vishwas Nagar behind ICAI Bhawan was also selected for various student activities.

CA Day Celebration 2012

It was a memorable event for NIRC as NIRC celebrated CA day on  30th June, 2012. A grand programme was organized at Talkatora Indoor Stadium. The occasion was graced by the then President, ICAI CA. Jaydeep N. Shah and the then Vice-President, ICAI CA. Subodh Kumar Agrawal. A guest entry was made by the film actor Sh. Manoj Tiwari.
The event was a gala event which was attended by more than two thousand Chartered Accountants and their families. The hall of Talkatora indoor stadium was jam-packed to its full capacity. The event was named as CA Parivaar Prastuti 2012. The participants were none other then the Chartered Accountants & their families and CA students. The Hon’ble President, ICAI while speaking on the occasion congratulated the Chartered Accountants and their families and the CA Students for their spectacular performance at the event.

Library cum Reading Room

It was my utmost desire to start new libraries cum reading room for the students. I have observed that there are nearly one lakhs students in and around Delhi. However, there are only three libraries i.e. one at ICAI Bhawan Vishwas Nagar, Laxmi Nagar and Kanhiya Nagar. I strongly feel that the more facilities should have been provided to the needy students. However, it is my promise to the students that I will fight for the same either in the capacity of Past Chairman or in any other capacity which my members wish me to assume and will augment the resources for the students.  I request you that if you are aware of any other space or you are having space for libraries etc. for the students, please let us know so that we can start these activities at those untouched places also.

Chartered Accountants Election 2012

During the last few months we Indian celebrated number of Festivals. In the same way the ICAI celebrated one of its biggest festival i.e. ICAI Election 2012, In the election some sitting Central Council Members as well as Regional Council Members has again joined and got elected for the term 2013-2016. Some new members also got the opportunity and came out with the flying colors and got elected for next Central & Regional Council.

New Council 2013-2016
Regional Council	Central Council
• CA. Gopal Kumar Kedia • CA. Hans Raj Chugh • CA. Vishal Garg • CA. Swadesh Gupta • CA. Radhey Shyam Bansal • CA. Yogita Anand (Ms.) • CA. Raj Chawla • CA. Manoj Kumar Bansal • CA. Harit Agrawal • CA. Deepak Garg • CA. Rajinder Narang • CA. Rajesh Kumar Agrawal • CA. Pramod Kumar Maheshwari	• CA. Charanjot Singh Nanda • CA. Naveen N. D. Gupta • CA. Sanjay 'Voice of CA' Agarwal • CA. Atul Kumar Gupta • CA. Vijay Kumar Gupta • CA. Sanjiv Kumar Chaudhary

The new Team is going to take charge of NIRC for the year 2013-2014 w.e.f 9th March. New Regional Council is an amalgamation of young, vibrant and enthusiastic Members as well as very experienced with vast experience members of the profession. Hope new team will take your NIRC to newer heights.

- Bhagwad Gita (18.78)

[The one who is the same with reference to an enemy and a friend, so too, honour and disgrace; the same with reference to cold, heat, pleasure and pain (and) free from attachment.]

“Jai Hind Jai ICAI”

With best regards,

March 07, 2013

Place: New Delhi