Western India Regional Council of
The Institute of Chartered Accountants of India

(Setup by an Act of Parliament)

Chairperson Communication

CA. Priti Paras Savla

Dear Professional Colleagues,

The year 2019 was a year of various challenges - economically, financially, politically, socially and environmentally. The members and people at have witnessing the changes and new challenges in one way or the other in each sphere. To keep the requirements of the dynamic environment various changes and amendments have been carried in several laws. At times new or amended laws requires the changes in the way business is required to be carried. E.g. recently introduced the Personal Data Protection Bill, 2019 obligates various persons to provide for protection of personal data of individuals. As a professional we need to keep abreast of the same. We at WIRC have tried our level best to play our role to disseminate knowledge to our members and students and equip them to face these challenges through learning via seminars and conferences.

In the words of Abdul Kalam, “Learning gives creativity, creativity leads to thinking, thinking provides knowledge, and knowledge makes you great.” An erudite person’s knowledge is not confined only to books and scholarly tomes but gained through a conscious effort to add to his existing repository through practical application on a sustained and continued basis.

During the month of December, we hosted the ICAI International Conference where participant members across the globe enriched their knowledge on the topics of professional interest including technology, ethics etc. WIRC also hosted a National Conference on International Taxation which was well appreciated by participants. We also organised a Residential Refresher Course on GST with the new concept of group discussions and paper presentations. The Conference on Capital Market, Conference on Start-ups - Funding, Government Tax Incentives & Regulatory Aspects, Seminar on Pharma Industry, and Seminar on Corporate Social Responsibility were well attended by participants. Our interactive Meeting with ROC & ‘Ease of Doing Business in India’ was positively acknowledged and we hope for better results in the upcoming months.

We had opportunity to inaugurate Accountancy Museum at MMK College of Commerce and Economics, Mumbai, the first time ever in the history of WIRC. Various career counselling programs have been organised in Mumbai and across the region to create awareness amongst upcoming students. We have also promoted Commerce Wizard in numerous schools and colleges. We have correspondingly conducted an interactive meeting with principal of colleges.

My compliments to Ahmedabad branch for organising excellent Sub Regional Conference which was attended by members in large numbers. I appreciate the efforts of Navi Mumbai, Ahmednagar, Baroda branches for hosting various regional programs. I congratulate Bhavnagar branch for inauguration of new premises. My compliments to Pune branch - WICASA for hosting wonderful International Conference for CA students and Aurangabad, Pimpri Chinchwad and Thane branch for hosting National Conferences for members.

We are entering into a new decade. I believe the upcoming 2020s decade will build up on the past decade and create new transformations. The last few years have seen entire new economies created on the back of a digital evolution and revolution. This digital decade has changed the way we function professionally and personally and this will continue on all fronts. Our expertise and skills will need to evolve in the way that digital and data technology are being implemented. WIRC has always been at the cutting edge of technology in terms of educating its members and students.

I am confident that we will continue this tradition in this new decade and continue to create tremendous opportunities for our members across the Region. I wish all members and students a happy new year and look forward to continued progress of our profession in the upcoming decade.

For the New Year and the years to come, I convey in the words of Swami Vivekananda, “उतिष्ठत | जाग्रत | प्राप्य वरान्निबोधत |’’ meaning ‘Arise. Awake. And stop not till the goal is reached.

“A New Year. A New Start. In this New Year, may all your dreams turn into reality and all your efforts into great achievements. Happy New Year 2020!”. The 2020 is the leap year, 20th year of the 3rd millennium, the 20th year of the 21st century, and the 1st year of the 2020s decade.

We shall be celebrating our Republic Day on 26th January, the day on which Constitution of India came into force. Readers. This date was chosen as Republic Day as the Purna Swaraj resolution was proclaimed on January 26, 1930. On this occasion let us resolve to always follow the path laid down by our great freedom fighters reminiscing the words of our first President Dr. Rajendra Prasad who in his speech on 26th January 1950 said ‘It is up to us to preserve and protect the independence that we have won and to make it really bear fruit of the man in street. Let us launch this new enterprise running our Independent Republic with confidence, with truth and non-violence and above all with heart within and God above.’

With Best Wishes,
CA. Priti Paras Savla