Chairman's Message

Dear Esteemed Colleagues, Dear Esteemed Colleagues,
I take deep sense of pride for being elected as chairman of most coveted branch in entire India i.e. Visakhapatnam Branch of SIRC of ICAI. I thank all my Managing Committee colleagues for electing me as Chairman for year 2019-20. I accept the new role as great responsibility and I assure I will render the role with great Commitment and Passion.

I feel extremely happy to interact with you all through our Branch Newsletter as the Chairman of Visakhapatnam Branch of SIRC of ICAI.

I congratulate new team of Office Bearers of the Branch CA G Bharati Devi, Vice Chairperson, CA. S. Murali Krishna, Secretary, CA. G. Vasudeva Murthy, Treasuer, CA. Y. Surya Chandra Rao, Chairman SICASA, CA. Prasanth Kumar P, Editor, CA. V. Rama Prasad, Member for being elevated to respective positions and for dedicating to serve the profession. I Congratulate CA. D. Prasanna Kumar Ex Officio of the Branch. I also Congratulate CA. B. Sreeramamurty, immediate Past Chairman for his successful tenure.

President and Vice President of ICAI for the year 2019-20

CA. Prafulla P. Chhajed, as President ICAI and CA. Atul Kumar Gupta as Vice President assumed office on 12th February 2019 for the year 2019-20. I Congratulate on behalf of all our members and convey our good wishes to the leaders of ICAI in their efforrs to bring more laurels to the profession during their tenure.

Torch Bearers of SIRC of ICAI for the Year 2019-20

CA. Jomon K. George Chairman, CA. Dungar Chand U Jain Vice Chairman, CA. Jalapathi K. Secretary, CA. Pampanna B E, Treasurer, CA. Revathi Raghunathan, Chairman - SICASA assumed office for the year 2019-20. On my personal behalf and also on behalf of all our members of Visakhapatnam Branch, I extend hearty congratulations to all the new office bearers of SIRC of ICAI for the year 2019-20.

I am confident that with the support of my team members in the branch managing committee combined with support of esteemed professional colleagues and past chairmen of the branch, I will be able to serve the members and students to the best of my abilities.

I would like to share some of the important decisions of Managing committee for the ensuing year. The Onetime payment scheme of Visakhapatnam Branch which is very popular in the region will be continued without any upward revision in the fee for all sections of members.

Rs. 4,000/- for members enrolled before 31.03.2014.

Rs. 3,000/- for members enrolled on or after 01.04.2014.

I am happy to inform you that, for the benefit of young members, we have fixed Onetime fee at Rs. 1,000/-who qualified on or after May 2018.

The above One time fees is exclusive of GST.

This will cover 6 full day seminars of 6 Hrs CPE each, and 8 Half day Seminars of 3 hrs CPE each comprising a total of 60 CPE hrs. This delegate fee does not include Workshops and Special programs/ Seminars.

Spot registration delegate fee is Rs.750/- for full day and Rs.400/- for half day seminars.

I request each one of you to make payments through Swiping Machine available in the Branch or through NEFT/RTGS mode or through Cheques or DDs. Let us lead by example by making it a less cash transactions branch.

While I will carry on the good-work done by my predecessors, in consultation of the Managing Committee, I have Plan of action for 2019-20

Seminars/Conference/ Workshops

Members have to prepare for the changing necessities and quickly adopt to newer areas.

RERA, Insolvency Law and Revised Companies Act are providing tremendous opportunities for members which members have to gear up to meet the new needs of the enterprise and law makers. We wish to conduct Regular Programs, Workshops, Certificate Courses apart from Conferences to ensure the Members are in continuous touch with changing laws. We wish to conduct a study tour to the Members so that we will merge the knowledge with rich nature which I am sure will immensely benefit the members.

Students Activities:

Our vision is to conduct a monthly program, with a open forum type session, to inspire students to take CA Exams Confidently. Apart from that we will conduct regular programs for students on subjects of current relevance. We will also conduct career Council Meetings at various Schools, Colleges in Visakhapatnam and districts around to ensure maximum people join for CA Course.

Activities at the Branch in the month of February 2019:

Branch conducted active programs during the month of February comprising of different topics like UDIN, Audit Documentation, Forensic Audit, Internal Audit, and Section 68 of Income Tax Act 1961. I thank the speakers and Central Council Members for giving a fruitful session and inspiring the members.

I convey my sincere thanks to CA. C.V.S. Murthy for accepting our invitation to be the Chief Guest of the program. I am blessed to have the gracious presence of CA. C.V.S. Murthy. The Team of New Office bearers are indebted for the blessings and wishes given by esteemed Members and well-wishers.

Forthcoming Programs:

During this month, we are organizing Full day Seminar on Bank Audit, Half Day Workshop on Bank Audit and half day seminar on Bank Audit for Students and Staff of CA Firms. Details of the forthcoming programs are published elsewhere in the Newsletter.

Also we have got approval for conducting three day workshop on Auditing Standards on 15th, 16th and 17th of March 2019. It is a great opportunity to learn Standards on Auditing in dedicated manner. I appeal to the members to register for three day workshop on Auditing Standards.

I request members to give their valuable suggestions and guide me from time to time for the benefit of our profession.

I once again express my sincere gratitude to Regional Council members and Central Council members, Branch past Chairmen, and other members who have greeted me on assuming the charge.

With Warm Regards
CA. M. Chalapathy Rao