Important: State Level Urban Co-op Banks & Credit Societies:Change in allotment procedure

DEAR MEMBERS,

The Commissioner Co-operation has issued circular dated 27^th January, 2010 and all of sudden changed the procedure for allotment of State Level Urban Co-operative Banks and Credit Co-operative Societies. This circular has also expanded the scope coverage of audit by the Certified Auditors and Government Auditors, by increase the limit (UCBs/Credit Societies having certain amount of deposit) upto that, they can audit.

As per the said circular the powers of allotment of audit of State Level Urban Co-op. Banks and Credit Societies has been delegated to the Deputy District Registrar (DDR) of each district for the reason that this would it would bring, more transparency in allotment system, given effective control on all cooperative societies in district and help in systematic collection of audit information. However, how these objectives are more effectively achievable with decentralization has not mentioned.

The Reserve Bank of India maintains an all India Centralized Panel for the allotment of audit of branches of Public Sector Banks and Comptroller & Auditor General of India maintains an all India Centralized Panel for the allotment of audit of branches of Public Sector Undertakings. In both cases the audit allotment process is centralized and is working properly since decades. Therefore, we believe that decentralization power of audit allotment would not bring more transparency and harmonization. The state level Urban Credit Co-op. Societies and Urban Co-op Banks falls under the jurisdiction of the Commissioner of Co-operation & Registrar, Co-operative Societies, Pune. Thus, the decentralization of audit allotment powers to district level may bring administrative bottleneck-ness and adversely affect the transparency. Therefore, it is more appropriate to maintain the panel at State level and allotment shall be done in centralized manner only.

The WIRC is taking up this matter with the Commissioner Co-operation and draft representation sent to WIRC is attached herewith. The members in Maharashtra are requested to promote awareness about the impact of this circular among the members.

Regards,
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CA.C.V.PAWAR

NEW PRESIDENT AND VICE-PRESIDENT OF ICAI

In todays Council meeting at New Delhi, follwings are elected as::

CA.Amarjit Chopra , President of ICAI (from New Delhi)

CA.G. Ramaswamy, Vice President ICAI (from Coimbatore)

A Hearty Congratulations! 

NEWLY ELECTED WIRC OFFICE BEARERS FOR 2010-11

DEAR MEMBERS,

In an informal meeting of Newly elected WIRC members, held on Tuesday, 9th February, 2010. Following office bearers were got elected unanimously and they will be taking charge on 22nd February, 2010:

CA.Sanjeev Lalan, Chairman (from Mumbai)

CA.Makarand Joshi, Vice Chairman (from Nagpur)

CA.Mangesh Kinare, Secretary (from Mumbai)

CA.Parag Rawal, Treasurer (from Ahmedabad)

  

A Hearty Congratulations! 

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CA.C.V.PAWAR

MVAT AUDIT REPORT (IN FORM 704) SUBMISSION DATE EXTENDED TO 31.3.2010

Dear Members,

In view of representations received from various Trades and Associations, the due date for submission of the Audit Report in Form 704 is extended to 31st March, 2010. The Trade circular 5T of 2010 dated 28th January, 2010 has been issued by Commissioner Sales Tax. The circular is hosted on www.mahavat.gov.in

Regards,
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CA.C.V.PAWAR

New Drive of ICAI -- e-Samadhan a “The Online Grievance Resolution Management System"

at link : http://www.icai.org/help/

The drop down menu provides the options for "Activity" related to Members/Firms, Articles, Board of Studies, ITT Centers, Accounts, Publications, IT-EDP, Library, Help Desk Regional Council, Examination, Inward/Toll Free, HRD, Infrastructure, Matters relating to building projects, Sales Counter, Reception, Dispatch, Firm Name Approval, Good Standing.

Members can submit their grievances online and also check status of grievance submitted by them.

For WIRC: drop down menu of "select type of problems" do not show types of problem; instead it shows the problems relating to members having membership number ranging from 1-50000 and so on…., and matter relating to new members, matter relating to firms etc.

However, for other Regions the drop down menu of "select type of problems" shows the types of problem like Enrollment of Member, grant of fellowship, Issue of COP, Change in address/name etc.

I believe that, if this works properly, it would definitely help in resolving the administrative issues of members, students and branches at earliest.

I hearty congratulate all the Council members for this drive.

Regards,
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CA.C.V.PAWAR                  
Member of Western India Regional Council of
Institute of Chartered Accountants of India
The Chairman, CPE Committee of WIRC of ICAI
0253-2319641. M-9423961209

GREETINGS

Dear All,

 

2010

   

Warm Regards…  

CA. C.V.PAWAR

WIRC ELECTIONS FINAL RESULT

SR.NO	NAME OF CANDIDATE	Total Votes	RANK
11	Hegde Nandkishore Chidamber	1151	1
20	Lalan Sanjeev Dungarshi	1151	2
14	Joshi Shriniwas Yeshwant	1151	3
13	Joshi Makarand Madhusudhan	1151	4
15	Kabra Durgesh Kumar	1151	5
18	Khandelwal Dhiraj Kumar	1151	6
30	Patodia Sunil Kumar	1151	7
33	Raval Parag Rajnikant	1151	8
19	Kinare Mangesh Pandurang	1151	9
10	Gandhi Dinesh Balkrishna	1151	10
36	Shah Shardul Dilip	1151	11
28	Patel Bhailalbhai Kanjibhai	1151	12
5	Bhandari Anil Satyanarayan	1089	13
4	Apte Dilip Moreshwar	1049	14
34	Shah Julfesh Madhusudan	1019	15
12	Jain Ashok Chand	1012	16
31	Pawar Chandrakant Vasant	985	17
35	Shah Rajesh Navnitlal	983	18
3	Agarwal Vishnu Kumar	972	19
37	Shah Shruti Jayesh	936	20
7	Chhaira Jay Ajit	923	21
22	Majithia Neel Pankaj	853	22