Dear Professional Friends,
It is my esteem pleasure and duty to thank you all for electing me as the President of our Association for the year 2014-15 . I feel honored & privileged to serve the CA fraternity in this new role. I shall put my best efforts to uphold the image & integrity of the KSCAA.
New EC team: The new EC team consists of young & enthusiastic, senior & women members who are eager to serve for the association. Lots of challenges and expectations from the new team to instill trust and bring back the prestige of the association. I am quite confident that with your support and good wishes, we will emerge as a successful team.
Theme for the Year: We have chosen the theme as “Embodiment of Virtues” - Upholding the moral & professional excellence. We CA's are representative of elite professional section of the society. Being a CA we have the responsibility of upholding the ethics and morality towards society at large. We intend to create positive attitude towards ethics and principles through our activities.
41st Annual General Meeting, which has been the longest and largest AGM in recent years in terms of time and number of members attended was held on 15th July 2014. Around 250 members actively participated in the meeting which saw healthy deliberations and discussions on various issues, important one being adoption of Annual Report, Annual Accounts for the year 2013-14 and elections of new committee for the year 2014-15. Except holding elections of new EC team for the year 2014-15, all other subjects were deferred considering the opinion of majority of members present. Members decided to hold the adjourned meeting on 18th October, 2014 at 11.00 AM for transacting the adjourned subjects in the agenda. As per the deliberations of the AGM, We will review the accounts and annual report and present in the adjourned AGM for further deliberations.
Further, amendment made to bye-laws of association at previous EGM held on 10th August,2013 was rejected in the AGM in view of the procedural irregularities. Accordingly, steps have been taken to recall the application filed with registrar of society.
After a decade, elections for the EC was held, 13 members were elected out of 28 good contestants. We thank CA. Anant Mutalik & his team for smooth conduct of elections.
With the new government taking the power at centre and with favourable hopes in the market, economy would create a lot of opportunities for the CA fraternity. While enjoying the benefits of economic growth, we need to support the business community and society at large and participate positively in the nation building.
Honorable Finance Minister Mr. Arun Jaitley has presented union budget for the fiscal year 2014-15. The Budget has lived up to expectations since moves are being envisaged to put the economy on progressive track. Budget proposals focus on areas which need immediate attention: infrastructure projects, manufacturing, FDI limits in defence & insurance sectors etc.
A positive note has been sent to state governments to streamline tax administration and enable introduction of GST at the earliest. Aggravations caused on account of impractical provisions in the new Companies Act, 2013 are being looked into and relief is being considered. A measured approach seems to foretell that many changes will be made outside of the annual “budgetary” exercise. Indeed speedy course correction towards the “Aachche Din” (Good Days) that the people are appealing for, can only come through this.
We, from KSCAA, are planning to conduct seminars and lectures on various topics during the subsequent months. I request every member to attend KSCAA programs and participate in association activities in large.
Before concluding my first message…
I am thankful to the past presidents, mentors and senior members for sparing time and supporting us with guidance and valuable suggestions during the period. I seek your best wishes and blessings.
We are also thankful to CA.Maddanaswamy B V, Past President of KSCAA for accepting our invitation to be part of our team as special invitee.
In service of the Profession,
CA. Raveendra S. Kore