Dear Professional colleagues,thAs the 30 Sept. 2014 is over, all the professional must be feeling

the relief as they must have completed their assignments and must

be enjoying the Navratri.

I along with CMA A G Dalwadi and CMA Jagannathan from

Hyderabad visited Hon'ble Governor of Gujarat Shri O P Kohli at thGandhinagar on 9 August'2014 and submitted the profile of the

Institute and the activities carried out by ICAI-Ahmedabad Chapter

for the benefits of the Members, the Students and the society at

large. During the discussion, Hon'ble Governor of Gujarat assured full support to the

chapter’s activity and also appreciated the efforts of the chapter.

Student Related Activities:

1) Advance Excel Training Program for Final passed students of june-2014 and final

students appearing in Dec-2014 was organized by ICAI-Ahmedabad Chapter

during 2/8/2014 to 7/9/2014. 41 students participated in program. CMA Ashish

Bhavsar, Secretary coordinates the training program very nicely. We are also

planning to organize such program for the members in practice and in industries to

increase the skill of the members.

2) As per guideline of Institute, the chapter has arranged ICMAT Training for Final th thstudents appearing during Dec'2014 examination from 20 July 2014 to 9 August

2014. About 28 students have participated in this training program. I request all the

students to take advantages of the same and took those lectures from knowledge

gaining perspective. th3) The chapter has arranged a felicitation program at Haribhai Auditorium on 9

Sept'2014 to felicitate the students who passed either Foundation or inter or Final

examination held during June 2014. The Managing Committee members,

faculties', students and their parents have attended the program.

4) Industry Orientation Program for final students to be appeared in Dec'2014 exam thwas inaugurated on 9 Sept'2014. More than 93 students have participated actively.

5) The Chapter has arranged Soft Skills seminar and Mock Interview session for the thfinal pass students of June 2014 under Campus Placement 2014 on 14 Sept

2014. Approx.40 students participated in the program. CMA P D Modh chairman,

News Letter August - September - 2014

Continued on Page 3

Page - 1

THE INSTITUTE OF COST ACCOUNTANTS OF INDIATHE INSTITUTE OF COST ACCOUNTANTS OF INDIATHE INSTITUTE OF COST ACCOUNTANTS OF INDIA

AHMEDABAD CHAPTERAHMEDABAD CHAPTERAHMEDABAD CHAPTEREDITORIAL BOARD: CMA Ashish Bhavsar I CMA P.H.Desai I CMA Hetal Shah I CMA Malav Dalwadi

OFFICE BEARERS2014-2015

IDEALS THE INSTITUTE STANDS FOR

To develop the cost and management Accountancy Profession.

To develop the body of members and properly equip them for function.

To ensure sound professional ethics.

To keep abreast of new development.

INSTITUTEHEAD QUARTERS

12, Sudder Street, Kolkata - 700 016.

Regional OfficeWIRC OF ICAI

Rohit Chambers, 4th Floor, Janmabhoomi Marg, Fort, Mumbai-1.

CHAPTER OFFICE

CMA R.B.KothariChairman

CMA V.H.SavaliyaVice Chairman

CMA Ashish BhavsarSecretary

CMA Hetal ShahTreasurer

402/403, Shoppers Plaza Unit - III, 4th Floor, Opp. Municipal Market, C.G. Road, Navrangpura,

Ahmedabad-380 009. Telephone : 079-26403616, 26409561

Email : ahmedabad@icmai.in, admin@ahmedabadicmai.inWebsite : www.icmaiahmedabad.in, www.icmai.in

Timings : 8.00 am to 8.30 pm

Chairman’s Communique

Man needs his difficulties because they are

necessary to enjoy success. - A. P. J. Abdul Kalam

Page - 2

CMA Ashish Bhavsar, Secretary of Chapter and coordinator (Adv. Excel Training) giving welcome speech in the inauguration session on 2/8/2014

Inaugural speech by CMA V H Savaliya, Vice Chairman of chapter in the inauguration session on 2/8/2014.

CMA P H Desai - Chairman of Training & Placement committee interacts with students in the inauguration session on 2/8/2014

PHOTO GALLERY OF ADVANCE EXCEL TRAINING PROGRAM FOR FINAL STUDENTS

View of participant students in Advance Excel Training Program on 2/8/2014

CMA R B Kothari Chairman of Chapter distributing certificate of training to the students on 7/9/2014

CMA Ashish Bhavsar, Secretary of Chapter and coordinator (Adv. Excel Training) distributing certificate of training to the students on 7/9/2014

PHOTO GRAPH WITH GOVERNOR OF GUJARAT AT GANDHINAGAR ON 09/08/2014

CMA R B Kothari offering bouquet to Shri O P Kohli, Governor of Gujarat.

CMA Jagannath from Hyderabad, CMA R B Kothari, Chairman of Chapter and CMA A G Dalwadi,

Chairman of PD committee interacting with Shri O P Kohli

Page - 3

Continued from page - 1

Welcome New Members of Ahmedabad Chapter

oral coaching committee and faculty Mrs. Abhaben Pandya offered tips on topics like Personality Development, Attitude and

Communication. Mock interview were taken by leading professionals to train the participant students before campus th thplacement to be organized in Ahmedabad on 10 and 11 Oct'2014. I appeal all the members who are in practices or in

industries and all my colleagues in Managing Committee to bring more and more companies in the campus placement to

make it a grand success.

6) The result of June 2014 examination is encouraging. The overall students of the chapter declared pass are

Foundation – 38 Inter – 59 Final – 46

7) To encourage student to take active part in various activity of chapter, We started student corner in the news letter from

this edition. I request all the students to write articles for the student corner.

I congratulate all the students for their success and request all the final pass students to enroll as member of the Institute. I wish all the

best for December 2014 examination to those students who could not clear. More analysis and information about June 2014 result is

available elsewhere in this Newsletter.

thAs per our tradition, we have planned Diwali Get-to-gather on 5 November'2014. I request all the members and students to

participate with their family members in the Get-to-gather program. Details of the Diwali Get-to-gather is elsewhere in Newsletter.

You must be aware that now the area of internal audit is also open for cost accountants. Looking to the need of hour, a seminar on the thsubject “Internal Audit” has been organised on 11 November, 20014 at Hotel Foturne Land Mark, Ahmedabad. I request all the members

in practice and in industries to participate actively in the seminar a grand success. Details of the seminar is elsewhere in Newsletter.

Currently, Prime Minister Shri Narendra Modi is on his maiden visit to the U.S. and India is looking to attract more overseas

investments into the country. The Prime Minister is getting overwhelming response in U.S. from all the corner of the world.

As per the announcement by the Prime Minister for “CLEAN INDIA” I request all the members and students to join the nation mission

and keep our house, area, city and chapter office very clean.

The gross direct tax collection till September 26, 2014-15 fiscal, was at Rs 3.37 lakh crore.Net direct tax collection touches Rs 2.60

lakh crore this fiscal, Personal income tax realisation stood at 1.01 lakh crore. Besides, collection of STT and Wealth Tax stood at Rs

3,222 crore. Corporate tax contributed Rs 1.55 lakh crore during the period. The Government has targeted to raise 7.36 lakh crore

from direct taxes in 2014-15, up from over 6.36 lakh crore collected last fiscal.

As Per New RBI Policy there is no change in interest rates.

I wish all the best wishes for the upcoming festivals like Deshera, Diwali, New Year, X-mas to you and your family. May New Year bring

happiness, peace, health and wealth in your life.

With Warm Regards

CMA R.B. Kotharith30 September, 2014.�

ARPIT BHARATKUMAR MEHTA MOHMAD SOHEBGAFAR GINIYANI

PRAMOD KUMAR SABOT RIKIN JITENDRAKUMAR DESAI PRIYANK ARVINDBHAI PATEL SUNIL RAJENDRA RATHOR

SWATI PARAS MEHTA MANAN PRADIPBHAI VORA

PARAG VIRCHANDBHAI PATEL

ROHIT KUMAR SAMIT S SINGHAL

KAILASHCHANDRA LAWTI RAJEEV BIRLA

PUNITA VINIT MUNDRA HITESHKUMAR LAXMANBHAI VAGHELA

RAJEEV MUNDRA BHAUMIK ASHOKBHAI GAJJAR

PARENKUMAR GAUTAMBHAI PATEL

Page - 4

Comparative analysis of Companies Act, 2013 and 1956- CMA R.B. KOTHARI

Chairman, ICAI Ahmedabad Chapter

Page - 5

Page - 6

Page - 7

Feedback

Chapter welcomes member's article for the bulletin. We request them

to submit the same for publication in the next bulletin. Suggestions from

members for improvement of newsletter & chapter's activities are

always welcomed.

Page - 8

Brain Storming of Intraprenear (of course CMA)- Hetal Mehta (Final Student)(Student Representative)

The whole Idea isYou have one ideaAnd I have one ideaAnd if we swap….We have two ideas eachAnd I am here to share my practical ideas

A journey of thousand milesStarts with one step in the right direction

Productivity is commonly perceivedUsing lesser manpowerTo produce the same outputIn IndiaProductivity should beTo use more manpowerTo produce even more!

MONEYLIQUIDITY…… MONEY…… CASHMost tangible but is most intangibleMoney the ever elusive MONEY!

A Verse :Money is what money doesMoney moves round and roundAnd Money makes more MoneyAnd thereforeMakes more Money Move aroundMore and More Money!

TIME – THE LANGUAGE OF SPEEDThe costliest resource in an Organization is TIMEThe maximum Waste in an organization is TIMETime is money

INTEREST – THE REWARD AND THE PENALTYInterest has No Holiday

Interest is not in our interestInterest Cost spreads like CancerCurb it with all your might!

Interest corrodes your organizationIt causes leaks all over the OrganizationIt dampens everyone's good workGet a good plumber to plug the leaks!

QUALITY WORKAccuracy and on Time

It is WISER to be MISER.

Cost reduction should be SMART, SIMPLE and CUSTOMER SERVING

It should help in giving the company a competitive edge on price without sacrificing quality.

As we progress, we shall be talking about 10 models. The first one is :

DOING MORE WITHLESSWe should deliver MORE :· Profits · Sales· Productivity · Customers· Quality

And by the way, we have got LESS· Money· Staff· Time · Machinery

BE PREPARED – THE MIND SETIf you want somethingYou never had before, You may have to do somethingYou never did before

TODAY : YOU ARE DOING YOUR BESTNo business is mature businessThere is always better ways of doing things. Find it.Good is the enemy of better……Better is the enemy of best……

Cost Reduction is Not Just a Program to be Inaugurated It is a

Moral Commitment to Reduce Costs

STUDENTS

CORNER

Page - 9

HEARTY CONGRATULATIONS TO SUCCESSFUL STUDENTS JUNE -2014 EXAM

FINAL-2008-COMPLETE-PASS

ABIDALI A AGHARIA

AKBARHUSSAIN U ANSARI

ALKESH J PATEL

ANKIT C PATEL

DEEPIKA S LODHA

DHAVAL RAJPUT

DIPENKUMAR D ASHWANI

DIPESH J JAIN

HARDIK P LANGALIA

HARESH S SUTHAR

HARSHIL S SHAH

HETAL A THAKKAR

HIRAV H SHAH

HIREN V LIMBACHIYA

HITESH M MEPANI

ISHITA G NAGAR

ISHITA SHAH

JAIMIN J PANDYA

JAYESH H MANDORA

JIGNA G MACHCHHAR

JIGNESH S TARBUNDIYA

KOMAL I THAKKAR

LALIT K. VERMA

MARMIK V PANDEY

MEET P KAPADIA

MUKAMBIKA R PILLAI

NILESH P GIDWANI

NIRAV V PRAJAPATI

PARESH B PRAJAPATI

PIYUSH P AMIPARA

PRASHANT M PATEL

PRATIK RAVAL

PRIYA RAJPUT

RAJANIKANT K PATEL

RAJNISH M TARPARA

RINKESH N TRIVEDI

ROHAN D GOR

RUCHIK K SUTHAR

RUDRESH A AKSHAN

SAGAR S PATEL

SHANAPARVIN SHAIKH

SHIVDARSHANSINH J RAJPUROHIT

SULABHA R PADIA

UJJAWAL J PRAJAPATI

VIJAYKUMAR G SOMKUSRE

VRUSHALI S PATEL

FINAL-2008-GR-III-PASS

ANSHUL SHUKLA

ASHISHKUMAR K PATEL

BHUMIKA B. MODI

CHANDNI C DESAI

DHARMENDRA KUMAR SAHU

HARDIK R KOTAK

JIGNESH B DHAMECHA

KAMLESHKUMAR N LUHAR

KULDIP A IYAVA

MAULIK A SHAH

PARIMAL R JOSHI

POOJA V KHAIRE

RAVI D TRIVEDI

RAVI KUMAR JOSHI

SONAM B SHAH

SWETA P RANA

VATSAL K JAYSWAL

VIKAS KUMAR MALAVIYA

VISHVESH V RAVAL

FINAL-2008-GR-IV-PASS

BASHIRBHAI F MULLA

HARSHIL R PARMAR

ISHAN M KSHATRIYA

MANISHKUMAR A SHAH

MITESHKUMAR R KOSHTI

PRAGNESH B PATEL

RUCHITA H PARIKH

VIRENBHAI A PATEL

FINAL-2012-GR-IV-PASS

DARSHIL R THAKKAR NIKET S SHAH RAVI N TUWAR

Page - 10

INTER COMPLETE PASS(INTER-2008)

AERAL K SHAH

AKHILESH H JAIN

AMIT C SAVALIYA

ANERI S SHAH

ANJUM H SADIKOT

ARCHANA MAKWANA

BHAVIK P GANATRA

BINAL A SHAH

CHIRAG B DOBARIYA

DEEPAK R PANCHANI

DHAVAL MISTRY

DINESH K MUDALIAR

DIPALI R VARIA

HARMISH R SHAH

HEENA R PATEL

HIRAL B PATEL

HIREN S PRAJAPATI

JAGDISH R SANIPADIYA

JALPA C PRAJAPATI

JATIN C JOGANI

JAY B PATEL

JAY C PALEJA

JAYDIP H KIKANI

JIGNESH I GONDALIYA

JIGNESH R CHAUDHARI

KARDAM H PANDYA

KHYATI A SHAH

KIRIT G LAHERI

KOMAL B. PATEL

KRUPA A THAKKAR

MUNTASIRALI R VAKALIYA

NAYSAR D.SHAH

NIRAV M MEHTA

NIRAV S SHAH

NIRMAL N SHARMA

OJAS R SHETH

PARTH M VAKIL

PAVAN P MAHERCHANDANI

PRAVIN SEN

PREKSHA A PAREKH

RICHA S SHAH

RISHABH K SETHIA

SANDIP R CHAUDHARI

SHYAMAL G VYAS

SINDHU U NAIR

SWETA A PANDIT

VIREN G MODI

VISHAL J SHAH

VISHAL V SHAH

INTER - COMPLETE PASS (2012)

ANKIT B TAPIAWALA

BHAVESH A SABHNANI

MONIKA R KISHNANI

PRIYANK P BANKER

RAJAT D SHAH

RAJVI B MODI

RISHI B MAHETA

SANTOSH R SHARMA

SURAJ DANDIYA

VINOD N BHADATHIYA

GROUP-1 PASS(INTER-2008)

ANKITA V KOSHIYA

DHRUPAD H ACHARYA

MANSI B.PAREKH

SEFALI K ALIYA

SWETANG K MALAVIYA

USHMA S JAIN

GROUP-2 PASS(INTER-2008)

AKASH V PANCHAL

AMI S JOSHI

ANKUR H LAKUM

ATUL A HIRPARA

DHARMENDRA JAIN

HARDIK A SONI

JUHI U SHAH

LAKSHYA P SANGHAVI

NARENDRA K CHAUDHARI

NEHAL D DAVE

PARAG A THAKOR

ROOSIKA K MODI

SANKET BHATT

SHIVANG B BRAHMBHATT

SHOHEL G LANGDAJIWALA

UMANG ANKLESHWARIYA

USHA DUGAR

Page - 11

INTER -I PASS (2012)

ANKIT N JINDAL DEVANSHI G BHATT SUNIL D PARMAR

INTER -II PASS (2012)

SHABAZHUSAIN A PATHAN UTPAL K MANKAD

FOUNDATION RESULT SYLLABUS -2012- JUNE -2014

AMIT H PARMAR

ANTARA N PANDYA

ANUJ V SHETH

ASHOK G HEMNANI

AXIT A SANGHAVI

BHAVESH K ADVANI

BHAVIK S BHAVSAR

DARSHITA S TRIVEDI

DHRUVIN M DESAI

DINESH A BRAHMIN

FARMANALI A VIJAPURA

HARDIK D RAJAPARA

HARDIK P. PATEL

HARSHIDA A PANCHAL

HASAN N JAMBUGHOD

HEMANGINI B JOSHI

HITESH K PRAJAPATI

JANKI R ACHARYA

JASMIN T KUBAVAT

JAYDIP R NASIT

KAJOL G WADHWANI

KRISHA N JANI

MAITRI PINDARIYA

MANOJ SINGH BISHT

MAYANK VERMA

MAYUR G PANKHARIYA

MEHUL M TANNA

NIDHI M SHAH

PRATIK C SHAH

RAJUBHAI PRAJAPATI

RANAJI P THAKOR

RAVI J PANCHAL

RAVINA M BOTHRA

RUSHI D JOSHI

SACHIN D HIRPARA

SAGAR H SOMJIYANI

VAIBHAV D RATHOD

VAIBHAVI R DOSHI

VEDANT A PANCHAL

VIJAY V TURI

VISHAL A PATEL

VIXTI K CHOKSHI

VINOD K CHAVDA

VRAJESH J MEHTA

VRUSHTI M TRIVEDI

FOUNDATION RESULT SYLLABUS -2012- SEPTEMBER -2014

AKASH B SHAH

BHOOMI R DALWADI

DHRUMIT P VAKAR

DHRUV P SONI

HARSH A SHAH

HARSH A PANDYA

KHUSHALI R SHAH

MANISH D SOLANKI

MEHULKUMAR A JADAV

MIT A PATOLIYA

MITESH B PRAJAPATI

SANDIP R HIRPARA

VISHAL M DABHI

LIST OF MERITORIOUS STUDENTS IN DECEMBER -2014 EXAM

JIGNESH I GONDALIA JIGNESH R CHAUDHARI DIPALI R VARIA

253641

SANTOSH R SHARMA BHAVESH A SABHANANI SURAJ DANDIA RISHI B MEHTA

13222834

INTERMEDIATE SYLLABUS - 2008(All India Rank)

INTERMEDIATE SYLLABUS - 2012(All India Rank)

Page - 12

Welcome Speech by CMA R B Kothari, Chairman CMA R B Kothari, Chairman distributing prize to Final Pass student

PHOTO GALLERY OF STUDENT FELICITATION PROGRAM ON 9/9/2014

CMA S S Shah-RCM, WIRC distributing prize to Final Pass student

CMA V H Savaliya, Vice Chairman distributing prize to Final Pass student

CMA Ashish Bhavsar, Secretary distributing prize to Final Pass student

CMA P D Modh, Chairman-Oral Coaching Committee distributing prize to Final Pass student

CMA P H Desai, Chairman-Training & Placement Committee distributing prize to Final Pass student

CMA K D Shah, Managing Committee Member distributing prize to Final Pass student

Page - 13

Shri Tejpal Sheth, faculty giving distributing prize to Inter Pass student

CMA Maya Sharma, faculty giving distributing to Inter Pass student

Shri P P Dave, Executive Officer distributing prize to Foundation Pass student

CMA Nikita Trivedi, faculty distributing prize to Inter Pass student

CMA A P Modh, faculty distributing to Inter Pass student

Smt Alpaben Daglidistributing prize to Inter Pass student

Student expressing views on facility provided by Chapter View of Participants

Page - 14

CMA R.B.Kothari Chairman of Ahmedabad chapter giving Inaugural speech in Soft Skill Trg. Program under Campus Placement -2014

CMA P.D.MODH- Chairman Oral Coaching Committee of Ahmedabad Chapter delivering lecture

Mr. Alap Bhatt Dy.Manager of CARE – Ratings interacting with students

Mrs. Abhaben Pandya Faculty delivering lecture

View of participant Final students in Industrial Orientation Program

CMA R B Kothari Chairman of Ahmedabad chapter delivering lecture in Industry Orientation Program for Final Students

PHOTO GALLERY OF INDUSTRY ORIENTATION PROGRAM FOR FINAL STUDENTS 14/9/2014

PHOTO GALLERY OF SOFT SKILL TRAINING (CAMPUS PLACEMENT-2014) ON 14/9/2014

1. Ms. Pariti Patel2. Mr. Ravindra Manhar3. Mr. Manish T Patel4. Mr. Manish Prajapati

1. Mr. Tushar Prajapati2. Mr. Nilesh Parikh3. Ms. Nikita Kadia

List of Students selected by HUDCO(A Govt. of India Enterprise)

as Management Trainee

List of Final pass Students of Dec-2013 who got placement

in Campus Placement March-2014

The Institute of Cost Accountants of India has scheduled a Campus Placement for the students completed Final CMA in June - 2014 exam

Date : 10th & 11th Oct'2014

Venue : ICAI – Ahmedabad Chapter402-403, Shopper's Plaza III, 4th Floor, Opp. Municipal Market,

C G Road, Navrangpura, Ahmedabad : 380009.

All Corporates, Financial Institutions, Management Consultants, Cost Accountants are invited for participation in the Campus Interview to select talents from our institute.

CAMPUS PLACEMENTFresh CMAs

For DETAILS & REGISTRATION CONTACTCMA P H Desai (Chairman Training & Placement Committee) – Mob.: 9825615468

Shri P P Dave (Executive Officer) Mob. : 9426391914

ICAI, Ahmedabad ChapterTel. : 079 – 26403616, 26409561 E-mail : ahmedabad@icmai.in

Page - 15

One day Programon

“Internal Audit in Public Enterprises”organized by ICWAI MARF

(ICWAI Management Accounting Research Foundation)promoted by

The Institute of Cost Accountants of India

Date : 12th November 2014, Wednesday Venue : Hotel Fortune Land Mark, Ashram Road, Ahmedabad

Time : 9.30am to 5.30pm.Delegate Fees : Rs.2000/- + 12.36% Service Tax per participant

For further details and Registration, please contact :CMA Sanjeev Goel - Joint Director (M) – 9810965145

E.mail : mdp@icmai.in / cep.sanjeev@icmai.in

If undelivered, Please Return to :The Secretary,

Page - 16

For Private Circulation OnlyTo,

Book Post

402/403, Shoppers Plaza Unit - III, 4th Floor, Opp. Municipal Market, C.G. Road, Navrangpura, Ahmedabad-380 009. Telephone : 079-26403616, 26409561Email : ahmedabad@icmai.in, admin@ahmedabadicmai.inWebsite : www.icmaiahmedabad.in, www.icmai.in

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA

AHMEDABAD CHAPTER

DIWALIDIWALIDIWALIDIWALIGet-to-Gather of Members & StudentsGet-to-Gather of Members & StudentsGet-to-Gather of Members & Students

Students/members are requested to register their names to

Ahmedabad Chapter’s Office on or before 31st October, 2014

DATE & TIME5th November, 2014, Wednesday, 7.30 p.m.

Per Student : Rs. 100/-

Per Member/Spouse : Rs. 150/-

VENUEBhoomi Party Plot

Opp. Torrent Power Ltd., Naranpura,

Ahmedabad.

Ahmedabad Chapter Arranges

Managing Committee of Ahmedabad Chapter Wishes to all members & their families...