Annual Report_2017-18_FLIPBOOK PRO

The Institute of
Chartered Accountants of India

(Dubai) Chapter NPIO
www.icaidubai.org

(That person who is awake in those that sleep, shaping desire after desire, that,
indeed, is the pure. That is Brahmam, that indeed is called the immortal. In it all the
worlds rest and no one ever goes beyond it. This, verily, is that, kamam, kamam:
desire after desire, really objects of desire. Even dream objects like objects of
waking consciousness are due to the Supreme Person. Even dream consciousness is
a proof of the existence of the self. No one ever goes beyond it: of Eckhart:
‘On reaching God all progress ends.’)

2

VICE PRESIDENT’S MESSAGE

SHRI. M. VENKAIAH NAIDU

HONOURABLE VICE PRESIDENT OF INDIA

3

SHRI SURESH PRABHU

MINISTER COMMERCE & INDUSTRY AND
CIVIL AVIATION - GOVT. OF INDIA

ARJUN RAM MEGHWAL

MINISTER OF STATE FOR WATER RESOURCES,
RIVER DEVELOPMENT & GANGA REJUVENATION -
GOVERNMENT OF INDIA

4

INDEX

Sl. Title Page No.
No.
06
1 Chairman’s Message
08
Meeting with:
09
H.E. Dr. Obaid Al Zaabi,
10 - 17
2 CEO, Securities and Commodities Authority 18 - 46
Shri Suresh Prabhu, 47 - 50

Honorable Minister of Commerce & Industry 51
52 - 53
and Civil Aviation, Government of India 54 - 55
56 - 58
Meeting with: 59 - 61
3 Shri. Vipul, Consul General of India to Dubai
62
Dr. Ashok Kumar, CEO, Indian High School Group 63 - 70

4 List of Activities 71
72 - 79
5 Events Recap 80 - 83
84 - 85
6 Photo Gallery
86
7 Key Performance Indicators 87 - 92
93 - 94
9 New Initiatives 95 - 97

10 ICAI (Dubai) Branch Activities 98

12 Achievements of ICAI (Dubai)

13 Members’ Feedback

14 Member Recognition

15 Speakers’ Corner

16 Salutations to the Past Chairmen

17 Media Coverage - Print Newspaper - English

18 Media Coverage - Print Newspaper - Other Languages

19 Media Coverage - Print Magazines - English

20 Media Coverage - Print Magazines - Other Languages

21 Media Coverage - Online

22 Media Coverage - TV

23 Special Gratitude To Sponsors

24 Conclusion

5

CHAIRMAN’S MESSAGE

Dear Members, as an NPIO and opened its office in the DIFC which was
inaugurated by Mr. Arif Amiri, CEO, DIFC on 29 August 2018.
THE JOURNEY IS THE REWARD –
STEVE JOBS This year our chapter has added a massive 1,133 new members
taking the membership count to 2,913 which shows that 38.89%
My heart is full of deep gratitude of our members are new and have joined the Chapter in the last
and I am thankful to each one of 12 months. We have generated a record of 62 Events, 146 CPE
you for giving me the opportunity Hours, 180 Speakers, Total Cumulative Attendance of 12,675
to serve the Dubai Chapter of ICAI. Members and 54,962 Collective CPE Hours. These numbers
My journey with the Chapter started demonstrate that our Chapter has grown from strength to
several years back as an Executive strength and are testimony that we have been able to deliver
Committee Member, then as a on the milestones we had set for ourselves as a chapter during
Secretary, Vice Chairman and now as the Chairman. our first event on 7 October 2017 “Mega VAT Open Day”.

I feel proud to say that ICAI (Dubai) Chapter has made Our Chapter has maintained good cordial relationships with
tremendous progress because of the collective hard work of the local community in the UAE and we have invited & hosted
our members and visionary leaders year after year. This year eminent Emiratis during our events. These dignitaries include
also ICAI (Dubai) Chapter won the Best Overseas Chapter His Excellency Sheikh Nahyan Bin Mubarak Al Nahyan, Hon’ble
Award for the 5th consecutive year from the parent body ICAI. Cabinet Member and Minister of Tolerance, Government of UAE,
Major General Mohammed Ahmed Al Marri, Director General,
My tenure which began on 30 September 2017 will conclude General Directorate of Residency and Foreigners Affairs-Dubai,
officially on 29 September 2018. This one year journey has His Excellency Saud Salim Al Mazrouei, Director of Hamriyah
been a wonderful experience for me and for my dedicated Free Zone and SAIF Zone.
team of Office Bearers and Executive Committee Members.
Our focus was to continue with the good work done by the past In addition, we have also had an opportunity to host Dr.
Chairmen and committees and keep on upgrading and lead Raed Safadi, Chief Economic Adviser, Dubai’s Department
Dubai Chapter to meet new challenges which we are facing of Economic Development, Mr. Derek O’ Brien, Member of
in our professional field almost every day. We have left no Parliament, Padma Bhushan Awardee Shri Rajat Sharma,
stone unturned to meet your expectations and aspirations. I Chairman & Editor in Chief, India TV, Shri. K. T. Rama Rao,
only wish to say one thing – A BIG THANK YOU – for allowing Telangana State’s Cabinet Minister, Mr. Arnab Goswami,
me to contribute to our wonderful and prestigious ICAI (Dubai) Managing Director, Republic TV, Dr. Marshall Goldsmith,
Chapter. Internationally Renowned Coach & Motivational Speaker,
Padmashree & Arjuna Awardee Ms. Deepa Malik, Paralympic
UAE has implemented Value Added Tax (VAT) this year and Champion, Ms. Amyra Dastur, Bollywood Actress, Miss India
our chapter has played a significant role in spreading the (2000) & Miss Asia Pacific (2000) Ms. Dia Mirza, Producer,
knowledge of VAT Law. Due to the efforts of our chapter, our Actress & Beauty Queen, H. E. Shri. Navdeep Suri, Ambassador
parent body, ICAI has launched VAT Certification Course for of India to UAE, H. E. Shri. Vipul, Consul General of India to
the UAE. This is the first time a certification course is launched UAE, to name a few, at various events organized by us.
outside India. Our chapter organized first of its kind VAT Clinics
not only in Dubai but also in other emirates like Sharjah, Ras All this would not have been possible without the help of my co-
Al Khaimah and Ajman. We also organized a VAT Clinic at committee members who have supported me all throughout this
the Indian Consulate and at the Khaleej Times Office. We year. Big thanks also to the ICAI (Dubai) Chapter staff who have
conducted Online VAT Quiz, VAT Zero Hours, VAT Roundtable served the Chapter wholeheartedly. To all our sponsors, thank you
Conference, VAT Open Day, VAT Open World. for your continuous support to our chapter. Lastly to all our dear
members, thank you for your active participation and feedback
Our chapter has received tremendous coverage from media. which gave us the strength and guidance in delivering the best
Number of TV Channels either partnered with us or covered quality of events and activities.
our events which includes Times Now, CNBC Network 18, Zee
TV, Zee Cinema, India TV, Republic TV. Not only the English but I must say that this been a great journey of one year for our
also Arabic, Malayalam, Tamil, Telugu and Hindi Newspapers Chapter. The Journey is the real Reward. Thank you once again
covered our events extensively. from the bottom of my heart for making this year a historical &
memorable one.
Our Chapter has taken many new initiatives which include, ICAI
(Dubai) Chapter Radio “News You Can Use”, Online Credit Annual Report is enclosed.
Card Payment, Online Quiz, Knowledge Based Games, Using
Robot as a Part Speaker, Residential Study Camp, etc. One of CA Naveen Sharma
the most important agenda of the year was to obtain Non Profit Chairman
Incorporation Organization (NPIO) License in DIFC and I am ICAI (Dubai) Chapter
happy to inform you that our chapter has been incorporated

6

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

(a statutory body established under an Act of Parliament)

(DUBAI) CHAPTER

CA. Naveen N.D. Gupta CA. Prafulla Chhajed

Galaxy of Past Chairmen of ICAI (Dubai) Chapter

2016-2017

Managing Committee 2017-18

Chairman

CA. Naveen Sharma
Office Bearers

CA. Mahmood Bangara CA. Anish Mehta CA. Sundar Subramanian Nurani
Vice Chairman Secretary Treasurer

Executive Members

CA. Smruti Mishra CA. Dharmajan Patteri CA. Sangeetha Nahar CA. Anurag Chaturvedi CA. Charu Khurana CA. Gopu Rama Naidu
( Till 15th Nov 2017 ) ( From 15th Nov 2017 )

7

MEETING WITH H.E. DR. OBAID AL ZAABI,
CEO, SECURITIES AND COMMODITIES AUTHORITY

(H.E. CEO Dr. Obaid Al Zaabi and Ms Pooja Singh and other dignitaries of Securities and Commodities Authority with
CA Naveen Sharma, Chairman ICAI (Dubai) Chapter and other Excom members )

The role of Chartered Accountants in the UAE Economy and how both the organizations can work together, were discussed at length.

MEETING WITH SHRI SURESH PRABHU,
HON'BLE MINISTER OF COMMERCE & INDUSTRY & CIVIL AVIATION

CA Naveen Sharma, Chairman, CA Mahmood Bangara, Vice Shri Suresh Prabhu, Honorable Minister of Commerce
Chairman, CA Anish Mehta, Secretary, CA Sangeetha Nahar, & Industry and Civil Aviation, Government of India along
Committee Member, CA Anurag Chaturvedi, Committee with H.E Shri Vipul, Consul General of India and discussed
member and CA Nimish Makvana, Past Chairman visited bilateral trade between UAE & India.

8

MEETING WITH THE CONSUL GENERAL OF INDIA TO DUBAI

The Managing Committee of ICAI (Dubai) 2017-18 met the various events. Chairman CA Naveen Sharma assured
Consul General of India to Dubai, His Excellency Shri Vipul the CG full support for Consulate events or programmes
at the Indian Consulate. They apprised the Consul General where ICAI can play a role.
(CG) about the Chapter plans for the upcoming year and

MEETING WITH DR. ASHOK KUMAR, CEO,
INDIAN HIGH SCHOOL GROUP

Chairman CA Naveen Sharma updated Dr. Ashok Kumar, 30 Fame. Dr. Ashok Kumar expressed his desire to host
CEO, IHS Group about the Chapter’s upcoming events and Mr. Kumar and assured his full cooperation to the Chapter.
he particularly discussed about Mr. Anand Kumar, Super Mr. Kumar was hosted by IHS on 14 October 2017

9

LIST OF ACTIVITIES: October 2017 to September 2018

Sl Date Speaker Topic CPE
No Hours

Mr Swami Natarajan, Modern Finance in the Digital Age,
Senior Director, Oracle EMEA Guiding the business through Uncertain Times

Ms Aarti Mohan, 1 - 2 - 3 of VAT
ERP EPM Applications Business
Strategy Leader, Orale EMEA

Mr Rob Dalla Costa, Decoding VAT in UAE and VAT impact on key 6
1 07-Oct-17 Director VAT, KPMG Lower Gulf Industries (Retail, real estate, trading,manufacturing)
3
Ms. Devita Saraf, "Leadership and Innovation in the 6
Founder,CEO and Design Head, Millennial World" 2
Vu Televisions 6
6
CA Pratik Shah, "Do's and Don'ts, Look before you leap"
Partner, Dhruva Advisors
(Indirect Tax)

Ms Rashmi Bansal, I Have a Dream: Why is Now the Right Time to Make
Writer and Entrepreneur it Come True

2 14-Oct-17 Ms Savi Sharma, Book Keeping of your dreams
Author and writer

Mr Anand Kumar, Competition is always with the self
Creator of Super 30

CA Nirav Shah, What, Where, When, How about VAT Taxability : Demy-
Director, FAME Advisory DMCC stifying concepts of date of supply, place of supply,
value and deemed supply
3 27-Oct-17
Understanding Procedures, Mandatory disclosure,
CA Ashwin Shevantilal Dedhia, recordkeeping book keeping, administrative & Tax
Mentor, FAME Advisory DMCC evasions, Fines & Penalties, tax audits

Mr Derek O Brien, Role of Chartered Accountants/ Professional opportu-
Member of Parliament, Author, nities in Government Sector/ Government Machinery
Television Personality, Public
4 04-Nov-17 Speaker and Quiz show host

Ms Aakanksha Tangri, Role of Chartered Accountants/ Professional opportu-
Journalist nities in Government Sector/ Government Machinery

CA Anurag Chaturvedi, Registration & Group Registrations
Managing Partner, Chartered House

CA Nirav Shah, Business Impacts - Financial Service Sector
Director, FAME Advisory DMCC Business Impacts -Transport & Logistics Sector

5 11-Nov-17 CA Ashwin Shevantilal Dedhia,
Mentor, FAME Advisory DMCC

CA Pratik Shah, Real Estate, Retail, Construction and Hospitality

Partner, Dhruva Advisors (Indirect Tax) Insurance

Mr Rajesh Kothari, Capital structuring, fund raising and investment
MD, AlfAccurate Advisors Pvt Ltd management
Currency Futures, An Insight
6 18-Nov-17 Mr Sirish Kumar,
CEO & Co Founder, Telr Capital And Financial Market Management

Mr Mohit Batra,
Founder & CEO, Marketmojos

10

LIST OF ACTIVITIES: October 2017 to September 2018

Sl Date Speaker Topic CPE
No Hours

Mr Meng Chan Shu, FOREX Management
Director of Business Development,
DGCX

6 18-Nov-17 Mr Saugat Sur, Making Capital Investment Decisions
Head of South Asia, DGCX

Mr Sudhan Sundaram, Forex Arithmetic
Head of Equity Products, DGCX

CA Nirav Shah, Time and Value of Supply under VAT
Director, FAME Advisory DMCC

CA Mayank Sawhney, Point of Taxation Rules 3
7 25-Nov-17 Director, MaxGrowth Consulting 3
2
CA Pavithra Balaji Taxation of Inter State Branch Transfers, Works Con-
Statutory and Tax Operations tracts, Goods on approval, Job Work, E-Commerce 6
Leader, General Electric Co. Transactions etc.
2
CA Radhika Verma, Overview of VAT 3
VAT Advisor, Partner -
8 06-Dec-17 L N Co Tax Advisor

CA Anurag Chaturvedi, VAT – Principles and Practices
Managing Partner, Chartered House

CA Dilip Jain, Transitional Provisions for VAT
VAT Lead, ICAI VAT Faculty Prosecution and Compounding of Offences under VAT

9 15-Dec-17 CA Manu Nair,
CEO, Emirates Chartered
Accountants Group

CA Ankur Jain, "Demystifying Executive Regulations -
Senior Manager - VAT, KPMG Mapping Executive Regulations to VAT Law"

CA Pratik Shah, "VAT Sectoral Snapshot (Real Estate,
Partner, Dhruva Advisors Construction, Hospitality, Insurance, Retail)"
(Indirect Tax)
10 16-Dec-17 CA Deepak Agarwal, VAT during Transition
Director - VAT, PWC

Master Abhiraj Gupta VAT & Arabic Language

CA Nirav Shah, Sector wise Analysis
Director, FAME Advisory DMCC

CA Anurag Chaturvedi, Challenges in Transition to VAT regime
Managing Partner,
11 30-Dec-17 Chartered House

CA Nirav Shah,
Director, FAME Advisory DMCC

Mr. Sudesh Aggarwal, Input Tax Credit under VAT
Chairman India Trade Centre
& Giant Group.
12 13-Jan-18 Former Chairman IBPC-Sharjah

CA Rajiv Hira VAT – Principles and Practices
Director - Business Advisory, KPI

11

LIST OF ACTIVITIES: October 2017 to September 2018

Sl Date Speaker Topic CPE
No Hours

CA. S. Venkatesh, Definition and Concept under VAT
Managing Partner MCA Auditing /
MCA Management Consultants 3
& Past Chairman, ICAI UAE Dubai 3
13 13-Jan-18 Chapter
6
CA Jai Prakash Agarwal, Overview of VAT
Manager - Oracle Implementation, 2
Aster DM Healthcare 2
2
CA M Hanumantha Kumar,

Managing Director, Impact of VAT on Trading/ Construction Industry

14 13-Jan-18 MCA Management Consultants

CA Surandar Jesrani Impact of VAT on Service Provider, Trader and Manu-
Partner & CEO – Morison MJS Tax facturer
Consultancy

Padma Bhushan Awardee Digital Miracle in India
Shri. Rajat Sharma,
Chairman & Editor in Chief, India
TV

CA. Babu Jayendran, How to use Artificial Intelligence and Analytics in Audit
Information Systems Audit &
SAP GRC Consultant,
Babu Jayendran Consulting,
Bangalore

CA. Rafeq Abdul,

15 20-Jan-18 Proprietor at A.Rafeq and How CAs can enhance competencies using Data
Associates and Owner, Wincer Analytics and BI

Infotech Limited, Bangalore

CA. Sachin Kumar, How CAs can drive Digital Disruption
Chief Strategic Partner, Manohar
Chowdhry & Associates, Chartered
Accountants,
Bangalore

CA Anand P Jangid, How to provide Professional Services in the Cloud
Founder/CEO of MAD Talks, Environment
Media Professional, Speaker,
Futurist, Humanitarian

Shri K T Rama Rao,
Cabinet Minister for IT E&C, MAUD, Role of Chartered Accountants/ Professional
16 28-Jan-18 Industries & Commerce, Mines & Opportunities in Government Sector/
Geology, Public Enterprises and NRI Government Machinery
Affairs, Telangana State, India

CA Vijay Kumar Gupta,
17 09-Feb-18 Chairman, Continuing Professional Interactive Session on UAE VAT

Education Committee of ICAI

CA Naveen Sharma, Lifestyle Management where Yoga is way of life
Chairman, ICAI (Dubai) Chapter Time Management for Working People
18 16-Feb-18
CA Naveen Sharma,
Chairman, ICAI (Dubai) Chapter

12

LIST OF ACTIVITIES: October 2017 to September 2018

Sl Date Speaker Topic CPE
No Hours

Mr.Vivek Law, Advisory session on the Key Points of the Union 5
CEO & Editor-in-Chief, Budget 2018 3
The MoneyMile 3

Dr. Sachchidanand Shukla, Analysis of Union Budget 2018 with respect to NRI’s 4
Chief Economist, Mahindra
& Mahindra 6

Mr. Hardeep Singh Puri,

19 17-02-2018 Minster of State Capital And Financial Market Management
(Independent Charge),

for Housing and Urban Affairs,

Govt. of India

CA Dinesh Kanabar, Budget 2018 Decoded - What is in for you?
CEO Dhruva Associates LLP

Mr. Anuj Puri, Budget Implication on Real Estate Sector
Chairman, Anarock Property
Consultants

20 24-Feb-18 Dr. Marshall Goldsmith, What Got You Here Won't Get You There
World’s # 1 Leadership Coach

Mr. Bruce Hamilton, VAT- Is It Working For You?
Partner – Indirect Tax, Deloitte

Mr. Mansoor Sarwar

Regional Director & VAT Return and FAF Audit File, How Technology Can
Help?
21 06-Mar-18 Director Technical Services &
Pre-Sales - Sage Middle East

CA S. S. Bhandari, Refunds under VAT
Partner, S. Bhandari & Co.,
Chartered Accountants,
Jaipur, India

Ms. Sucheta Pal, Better Work/ Life Balance
Master Trainer – Zumba &
Celebrity Fitness Trainer

Ms. Rouble Nagi,

Award Winning Internationally Brand called You!
Acclaimed Artist & Founder, Rouble

22 10-Mar-18 Nagi Art Foundation & Design Studio

Padmashree & Arjuna Awardee Managing and Succeeding
Deepa Malik,
Indian Athlete - Paralympic
Games Medal Winner

Ms. Amyra Dastur, Being impactful in your profession
Bollywood Actress

CA Niraj Jain, Opportunities for Chartered Accountants in Indonesia
Group CFO, Kanmo Group

23 28-Mar-18 CA Krishnan Ramachandran, Are you there? A Wealth Management Primer
CEO, Barjeel Geogit Securities

Ms Sunita Sharma, Lifestyle Management where Yoga is way of life
Certified Yoga Teacher, Art of Living

13

LIST OF ACTIVITIES: October 2017 to September 2018

Sl Date Speaker Topic CPE
No Hours

CA Mayank Sawhney, Unique Transactions – Practical Business Scenarios 6
Director, MaxGrowth Consulting
11
CA Nirav Shah, VAT Return – Preparation and Filing
Director, FAME Advisory DMCC
24 07-Apr-18 Information Management – Record Keeping &
CA Rajiv Hira, Accounting
Director, Business Advisory, KPI

CA Anurag Chaturvedi, FTA Audit File – Content and Reconciliation
Managing Partner, Chartered House

Shri Raja Choudhury How to be Creative and Innovative
Film Maker and Producer of Indian
Official Global Film Celebrating
International Day of Yoga

Padma Shri Awardee Innovation Audit - Inclusion, Empowerment
Prof. Anil Kumar Gupta and Unleashing Creativity
Executive Vice Chair of the National
Innovation Foundation & Renowned
Scholar in the area of Grassroots
Innovation

Mr. Rajeev Masand Digitalisation - Adapting to Disruptive Innovation
The only Entertainment Journalist
to have 2 eponymous film shows
– Masand Ki Pasand & Rajeev
Masand Ki Pasand

Padma Bhushan Awardee Shri

Arvind Panagariya

Ex-Vice Chairman, NITI Aayog & India on Road to Prosperity and Global Power Status

Professor at Columbia Global Opportunities and Challenges for the
Profession in the era of Innovation
University, USA

25 03-May-18 CA K Raghu
04-May-18 Past President, 2014-15 of ICAI &

Senior Partner, K Raghu & Co,

Bangalore

Mr. Jaivardhan Singh Empowering Communities Through Innovation &
Youngest Member of Legislative Technology
Assembly of Madhya Pradesh

Mr. Shridhar Venkat Akshayapatra - Story of Social Innovation
CEO at The Akshaya Patra Foundation
The world’s largest (not-for-profit)
Mid-Day Meal Programme

Padma Bhushan Awardee Evolution through innovation - TCS Way
Shri S Ramadorai
Ex Advisor to the Prime Minister of
India in the National Council of Skill
Development, Ex CMD of TCS &
Chairman of Air Asia India

Padma Shri Awardee When the Ordinary is Extraordinary
Ms. Arunima Sinha
The First Female Amputee to climb
the Mount Everest in the World

14

LIST OF ACTIVITIES: October 2017 to September 2018

Sl Date Speaker Topic CPE
No Hours

Ms Sandhya Shetty, 2
26 26-May-18 Model, Actor, Anchor and common Secret of Healthier, Longer and Happier Life 2
3
wealth Karate Gold Medal winner 3

Mr. David Stevens Update on GCC VAT Framework: Compliance, 4
VAT Implementation Leader for Implementation & Management
the GCC, EY Middle East 3
27 03-Jun-18 Emerging Issues in Indirect Taxation
CA Nitesh Jain 6
Direct Tax Partner, EY Middle East
and North Africa

CA K Sripriya,

28 09-Jun-18 Chairperson, CPE Committee, ICAI Interactive Session on UAE VAT & Questions and
& CA. Mayank Sawhney, Answers

Director, MaxGrowth Consulting

Mr Swami Natarajan, Impact of digitalisation on accounting &
Senior Director, Oracle EMEA audit profession

Ms Shobha Singh, Decision making of CFO's
29 23-Jun-18 Director - Business Development,

Oracle

CA Lokendra B Rawat Modern Applications in Digital World
ABE Leader for ECEMEA

Mr. Arnab Goswami, UAE - This Century's Global Business Center
Managing Director, Republic TV

Mr. Mohan G. Valrani,

Senior Vice Chairman and Stories of Leadership Success

Managing Director - Al Shirawi Group

30 24-Jun-18 Mr. Surjit Bhalla, India UAE Business Relations
Economist & Member of Prime

Minister’s Economic Advisory Council

Mr. PNC Menon, Unleashing the Tiger - Indian Economy on a growth
Chairman- Sobha Group & curve
Dr. Azad Moopen, Chairman -
Aster DM Healthcare

Mr Shankar Sharma, What takes in Wealth creation and What doesn't
Co-Founder and Chief Global
Strategist, First Global

31 07-Jul-18 Dr Brajesh Mittal,
Consultant Interventional
Cardiologist & Head of Cardiology Take the route to Healthy Heart
Department - Garhoud Private
Hospital, Dubai

CA Amarjit Chopra, Corporate Governance and Code of Ethics
Past President ICAI

Mr. Hassan Nasser, Financial Crimes-How to detect and prevent
Director Compliance, Risk and
Training, Crowe UAE

32 14-Jul-18 CA Badri Vishal Mahajan, Smart Risk Management - how to identify and cali-
Director, Business & Risk Advisory, brate business risks
Mayur Batra Group

CA Chetan Dalal, Forensic Auditing - case studies and tools used in
Founder & CEO, Chetan Dalal investigations
Investigation & Management Services

15

LIST OF ACTIVITIES: October 2017 to September 2018

Sl Date Speaker Topic CPE
No Hours

CA Naveen Ajmera, 4
3
Leader, Dubai Power BI User Group, Automate your tasks with Power Query
5
33 21-Jul-18 Power BI Consultant & Trainer
3
CA Anurag Chaturvedi, How to automate VAT Returns through the power of 2
Managing Partner, Chartered House Excel 2
Tax Consultancy
146
Mr. Siddhartha Bhandari, Introduction to emerging technology like Fintech,

Chief Executive Officer, Internet of Things (IOT) and Block Chain Technology

34 28-Jul-18 NewBridge Fintech Solutions LLC etc.

CA. Kanhaiya Rathi, Mergers & Acquisitions, M & A Landscape,

CEO & Managing Director, Aspire Cap Deal Structuring

Mr Yusuf Hassan, IFRS 16 - Leases
Partner - Accounting Advisory Services,
KPMG Lower Gulf Limited, Dubai, UAE

35 18-Aug-18 CA Abhinav Dhamija, IFRS 15 - Revenue from contracts with customer
Associate Director - Accounting

Advisory Service, Mayur Batra Group

Mr. Zulfiqar Unar, IFRS 9 - Financial Instruments
Director - Assurance, PWC, Dubai

CA Sanjay Manchanda, Learning/Journey is the Reward
CEO of Nakheel PJSC

36 25-Aug-18 Mr. Navin Valrani,

CEO, Arcadia Education & How to be competitive in Global Knowledge Economy

Board Member of Al Shirawi Group

Ms Dia Mirza, Time Management for Working People
37 01-Sep-18 Actress, Model, Producer and

Beauty Queen

Mr. Prakash I. Patel

Founding Principal & CEO of Demystifying Immigrant Investor program
Georgia Center for Foreign Investment

and Development (GCFID, LLC)
38 05-Sep-18

Mr. C. Ryan Conway

Founding Principal of Georgia How to secure US visas and Permanent residency,

Center for Foreign Investment and Tax Planning, Lawful sources of Funds

Development (GCFID, LLC)

Total CPE Hours

UNSTRUCTURED CPE EVENTS: October 2017 to September 2018

1 21-Nov-17 Swami Parthasarthy (Swamiji) Need of the Hour - Voices Inspiring Change 2
H.E. Navdeep Singh Suri Dubai Global Convention 2018 2
Unlock the Best Investment Opportunites in India 2
2 17 & 18-Apr-18

H.E. Abdulla Al Saleh
3 10-May-18 Mr. A Balasubramanian

16

NON CPE EVENTS: October 2017 to September 2018

Sl Date Event Details
No

CSR EVENTS

1 14-Oct-2017 Super 30 Anand Kumar’s address to school students at IHS and DPS

2 24-Nov-2017 Beat Diabetes Walk

3 April to July 2018 ICAI (Dubai) Chapter’s Radio Show - News You Can Use - 13 Episodes

4 8-Jun-2018 Iftar Food Distribution

5 1-Jul-2018 CA Day Celebration - Tree Plantation

6 6-Jul-2018 CA Day Celebration - Blood Donation Campaign

SPORTS EVENTS

1 22-Dec-2017 ICAI (Dubai) Sports Carnival

2 25-May-2018 IPL Live Play Off Match at Fan Park, ICC Academy

3 7-Sep-2018 Family Bowling Event - 2018

SOCIAL EVENTS

1 28-Oct-2017 Celebrating 100 years of Bollywood

2 5-Jan-2018 Daastan-e-Rajinder Krishan

3 23-Mar-2018 Annual Social Get Together

4 4-May-2018 Armaan Malik and Amal Mallik Live in Concert

5 15-Jun-2018 EID Celebration - Special Screening of Movie "RACE 3"

6 29-Jun-2018 CA Day Celebration - Sufi & Qawwali Event

7 Weekly Sessions Yoga Classes (Morning session every Friday & Saturday)

STUDENTS EVENTS

1 27-Dec-2017 Student event on overview on VAT

2 27-Jun-2018 Students Event - GCC Taxation & Careers on Taxation

3 5-Sep-2018 Participation by students in Seminar on How to Work, Live and Migrate to the USA

OTHERS

1 16-Oct-2017 ICAI (Dubai) Press Conference

2 29-Aug-2018 Inauguration of the ICAI (Dubai)’s DIFC Office

Event Summary & CPE Credits: October 2017 to September 2018

Sl Type of Events Number of Events
No
38 (146 CPE Hours)
1 Technical Events 6
3
2 CSR Events 7
3
3 Sports Events 3
2
4 Social Events
62
5 Students Events

6 Unstructured CPE Events

7 Others

TOTAL

17

MEGA VAT OPEN DAY EMEA addressed members on modern finance in the digital
7 OCT 2017 age. They conducted a live demonstration of a VAT mobile
application that was especially developed for this event.

Ms Sudha Sharma, Head - IPs & Events, Network 18 Media
& Investments Limited, spoke about importance of Digital
Branding of CAs. The event was attended by over 800
members of ICAI (Dubai).

This was followed by sessions from Mr. Rob Dalla Costa-
Director VAT-KPMG Lower Gulf, CA Ankur Jain- Senior
Manager VAT-KPMG Lower Gulf and CA Pratik Shah,
Partner, Dhruva Advisors.

ICAI (Dubai) began the 2017-18 term with the “Mega VAT CHANGING THE WAY BILLIONS
Open Day” a technical seminar on Value Added Tax (VAT). THINK AND LEARN - 14 OCT 2017
With the then recently introduced UAE rules on VAT, this
session was a unique opportunity for members to get the
latest updates on VAT in the UAE from tax experts advisers,
and businesses leaders, who shared best practices on
implementation and compliance.

The event was graced by the presence of Guest of Honour
- Major General Mohammed Ahmed Al Marri, Director
General, General Directorate of Residency and Foreigners
Affairs-Dubai and Chief Guest - Shri Vipul, Consul General
of India to Dubai. Renowned speakers included Key Note
Speaker - Ms. Devita Saraf, Founder, CEO and Design Head,
Vu Televisions, a young and dynamic CEO spoke about
Leadership and Innovation in the Millennial World.

CA. Swami Natarajan, Senior Director and Ms. Aarti Mohan,
ERP EPM Applications Business Strategy Leader, Oracle

Mr. Anand Kumar, an Indian mathematician best known for
his Super 30 programme, coaches economically backward
students for IIT-JEE, the entrance examination for the
Indian Institutes of Technology (IITs).

18

He addressed over 300 ICAI (Dubai) members on his ICAI (DUBAI)
journey, and shared inspiring narratives of his economically PRESS CONFERENCE
backward students who after being coached by him, are 16 OCT 2017
now working in leading organisations across India, UAE,
USA etc. By 2017, 396 of the 450 students he trained had A Press Conference was held where Managing
made it to IITs. Committee shared its plan for the year and also
shared key initiatives with large number of journalists
Speaker Rashmi Bansal’s first book, Stay Hungry Stay present over there.
Foolish, traced the progress of 25 MBA entrepreneurs
and sold over 500,000 copies. She sighted examples from MASTER CLASS ON VAT
her books and experiences, encouraging the audience to 27 OCT 2017
make their dreams come true.

Savi Sharma, is the author of best-selling novel “Everyone
Has a Story - An Inspirational Story of Dreams, Friendship,
Love & Life”.

She spoke about the “Book Keeping of your dreams” where
she shared her life story of leaving her CA studies mid way
to pursue her writing goals, and posed a series of questions
to members about their passions and what they are doing
to pursue them.

SUPER 30 ANAND KUMAR
ADDRESSING SCHOOL STUDENTS
AT IHS AND DPS - 14 OCT 2017

Mr. Anand Kumar also addressed over 1000 school CA Nirav Shah, Director – FAME Advisory DMCC and
students at the Indian High School, Dubai and Delhi Private CA Ashwin Dedhia, Mentor, FAME Advisory DMCC addressed
School, Sharjah. more than 500 ICAI (Dubai) members on the challenges
and issues of Group Registration, Case Studies, Scenario
He shared his story and those of his students, with them Analysis and conducted interactive Q & A sessions.
and encouraged them to work hard and persevere to
achieve their goals in life. Mr. Sharma also shared that a
movie was being made on his life story and experiences,
starring Indian actor and superstar Hrithik Roshan.

19

They also explained the concepts of date of supply, place of Members, their families and all other attendees appreciated
supply, value and deemed supply, and spoke to members on this Bollywood extravaganza that took them down memory
understanding Procedures, Mandatory disclosures, book keeping, lane - over the 100 years of Bollywood!
tax evasions, fines & penalties, tax audits etc.

Case Studies, Scenario Analysis and Interactive Q & A sessions
were conducted to address queries from attendees.

CELEBRATING 100 YEARS OF
BOLLYWOOD - 28 OCT 2017

CA MEANS “CAN ACCOMPLISH”
4 NOV 2017

ICAI (Dubai) organized a live audio-visual musical journey
celebrating 100 years of Bollywood.
The team of artists comprising singers and dancers
enthralled an audience of 1000+ members and guests with
their performances. Starting with glimpses of the earliest
silent movies, followed by movies from the decades of
the 50s, 60s, until the millennium. A talented troupe of
singers and dancers captivated the audience with their live
performance spanning several decades.

20

The events for month of November 2017 commenced MASTER CLASS ON
with a speech and talk show with Mr. Derek O’ Brien. VALUE ADDED TAX (VAT) -
11 NOV 2017
Mr. O’Brien, a Member of Parliament, Author, Television
personality, Public Speaker and popularly known as
a Quiz show host, addressed members how one can
“accomplish” or succeed in life.

Mr. O’ Brien said success is a four letter word; “fail”. A second master class workshop on VAT was organized
He attributed many achievements in his life to first where CA Nirav Shah, CA Ashwin Dedhia, CA Pratik
experiencing failure – which he considers as a pre Shah and CA Anurag Chaturvedi addressed members
requisite to achieve success! Accomplishment, he on the Business Impacts on sectors like Financial
said, is what you make of yourself, whether it is as a Service, Transport, Real Estate, Retail, Construction
parent, spouse or professional. etc. A VAT Zero Hour was then conducted to address
queries of the participants.

His speech was followed by a “Talk Show” where Aakanksha
Tangri, Journalist interviewed Mr. O’Brien and spoke about
his career, early days as a quiz show host, his family, political
career etc.

Various topics such as the practical issues and
challenges being faced with regards the UAE VAT
law, along with case studies, scenario analysis and
interactive Q&A sessions were conducted.

21

INVESTMENTS & CAPITAL MARKET Mutual fund industry AUM recorded a compounded annual
OPEN DAY - 18 NOV 2017 growth rate of 15.25% over financial years 2007-2017, with
India being considered one of the preferred investments
destinations globally, said Dr. Mohit Batra, Founder & CEO-
Marketmojos.

In a panel discussion that followed, Mr. Rajesh Kothari-MD-
AlfAccurate Advisors Pvt. Ltd., Mr. Govind Agarwal-Director,
AlfAccurate Advisors Pvt. Ltd. discussed commodity
process, which are expected to remain firm, in which case
inflation will move up, leading to possibly higher interest
rates in the US and globally.

NEED OF THE HOUR, VOICES
INSPIRING CHANGE - 21 NOV 2017

“Email, social media, mobile web and big data reduced costs
of searching, exchanging of information etc. However, we
still cannot trust one another to transact without validation
from bank or government. These intermediaries invade your
privacy. Blockchain enables moving digital currency from
one person to another, and removes the third party; speeds
up movement; while lowering costs and creating a chain of
transactions in a ledger that is open and publicly visible to
all”, said Mr. Sirish Kumar, Co-Founder & CEO – Telr.

A team from Dubai Gold & Commodities Exchange (DGCX), In association with Vedanta Cultural Foundation and
Mr. Meng Chan Shu-Director of Business Development, Mr. under the patronage of H.E. Sheikh Nahyan bin Mubarak
Saugat Sur-Head of South Asia and Mr. Sudhan Sundaram- Al Nahyan, Cabinet Member and Minister of State for
Head of Equity Products spoke about the opportunities Tolerance, an inspirational talk by Swami Parthasarthy
in DGCX. For single stock futures, people can buy the was presented.
underlying cash and instead of selling the futures in Indian
markets, they call sell them in the DGCX market.

22

In his talk, Swamiji spoke of developing one’s intellect and ICAI (Dubai) made a contribution to this cause for each
learning to live and practice it. The event was conducted member and adult family member who participated in
at the Dubai Opera, an architectural marvel in Dubai. this walk.

This was the very first time that an event for ICAI (Dubai) VAT CLINIC - 1ST & 2ND EDITION
was conducted at the Dubai Opera. 25 NOV 2017 & 6 DEC 2017

BEAT DIABETES WALK
24 NOV 2017

ICAI (Dubai) members and their families participated in the On 25 November 2017, ICAI (Dubai) launched the very first
“Beat Diabetes Walk” at the Dubai Creek Park. VAT Clinic, with Khaleej Times.

The walk organized by the Landmark Group is to spread This first of its kind concept, saw four VAT experts address
awareness on Diabetes and encourage everyone to live a an array of VAT queries that were received from members
healthy lifestyle by taking three simple steps; Take the Test, before the event, as well as questions from the members
Eat Healthy and Get Active. present on the event day.

A large group of ICAI (Dubai) members and their The speakers conducting this interactive session were VAT
families participated in this 3 KM walk on a Friday experts, CA Nirav Shah-Mentor-FAME Training Institute,
morning in support of this healthy cause. CA Pratik Shah-Partner-Dhruva Advisors, CA Mayank
Sawhney-Director-MaxGrowth Consulting and CA Pavithra
Balaji-Statutory and Tax Operations Leader-General
Electric Co.

23

The event was also attended by Mr. Vinay Kamath, Editor,
Khaleej Times who addressed members present and
welcomed this initiative of ICAI (Dubai) and Khaleej Times.

Following the successful launch of VAT clinic, second
VAT clinic is conducted on 6th December 2017.

This was attended by various executives and industry
professionals. This edition, too, had a marathon Q&A
session for nearly two and a half hours, enlightened
the audience about how to meet the deadline as it
approached.

The speakers highlighted that VAT is going to be applicable
in the entire ecosystem, and that this is something that
businesses need to understand, whether they need to
register or not.

Even if your current turnover is not above the threshold limit, The speakers conducting this session were VAT experts,
you might have customers and vendors that fall in the VAT CA. T P Anand–Chief Strategist, LEAP - Business
bracket, who will ask you to issue invoices in a particular Excellence Advisory, CA. Anurag Chaturvedi–Senior
manner, or follow a particular form of transactions. Director-Indirect Tax-Crowe Horwath, CA. Radhika
Verma-VAT Advisor, Partner - LN Co Tax Advisor and CA.
Hemant Mundhra Director, Slant Agency, DMCC.

VAT CLINIC - 3RD EDITION
15 DEC 2017

24

For the very first time in the history of ICAI (Dubai), an VAT OPEN WORLD - 16 DEC 2017
event was conducted at the Indian Consulate, Dubai. The
3rd edition of the popular VAT Clinic was conducted at
the Indian Consulate, and was graced by the presence of
H.E. Shri Vipul, Consul General of India to Dubai.

H.E. Shri Vipul lauded the efforts of ICAI (Dubai) in making
members and others aware of the new VAT regulations
through its events.

The speakers at the event answered VAT related With the release of Executive Regulations on VAT, the UAE
questions of members, and addressed industry specific Government cleared a final piece of legislation required
queries on Real Estate, Free Zones etc. The speakers at to implement VAT in UAE effective 1 January 2018.
this session were VAT experts, CA. Girish Chand Director- Chief Guest, His Excellency Saud Salim Al Mazrouei,
MCA Management Consultants, CA. Manu Nair-CEO- Director of Hamriyah Free Zone and SAIF Zone addressed
Emirates Chartered Accountants Group, CA. Sangeetha members and guests present, and appreciated the work
Nahar-Senior Manager- Finance-Dubai Properties Group of ICAI (Dubai) in enlightening its members and people in
and CA. Dilip Jain-VAT Lead, ICAI VAT Faculty. Over 200 the UAE about the VAT laws.
ICAI (Dubai) members, NRIs and guests attended this
event. Speakers Ms. Clare McColl, Head of Indirect Tax and
CA Ankur Jain, Senior Manager – VAT from KPMG
demystified Executive Regulations, by mapping them
to the VAT Law. This was followed by a session by Mr.
Mansoor Sarwar, Director Technical Services & Pre Sales,
Sage Middle East on digitalizing VAT.

Master Abhiraj Gupta, the youngest speaker of 14 years
addressing the audience, conducted a short session on
VAT and Arabic language – which may be a key element
in the VAT regime. A VAT sectoral snapshot was delivered
by CA Pratik Shah-Partner-Dhruva Consultants, and CA
Deepak Agarwal, Director - VAT, PWC discussed “Change

25

Management” during the transition period from being a
non taxable environment to a taxable one.

A detailed sector wise analysis of VAT on sectors
of healthcare, manufacturing, free zones and retail
was conducted in a panel discussion with speakers
CA Srinivas Achar-CFO-Nation Hospital, CA Pramod
Rajgaria-CEO-Star Cement,CA Jignesh Sanghvi-CFO-
DMCC, Mr. Rajesh Garg, Group CFO-Landmark Group,
and moderated by CA Nirav Shah, Director, FAME
Advisory DMCC.

The winners at the event were:

ICAI (DUBAI) SPORTS CARNIVAL  CRICKET: Runners Up
22 DEC 2017 Free Hitters
Winners
The Annual Sports Carnival of ICAI (Dubai) was conducted Mighty 8 Jashuk Shah
at United Pro Sports in Dubai. Hiren Mandania
Members participated in sports such as Cricket, Table Tennis Ankit Mehra Abhay Shah
and Badminton. They were supported by the presence of Dhaval Mehta Mayank S.
the family members, for whom an array of different games Ashok Mehngi Anshul Sethia
and entertainment was organized. Mrunal Sampat Bhavesh Khetra
Srinivasan C. Ritesh Mehta
Chirag Sampat Rakesh J.
Lalit Singhi
Mohit Malkan

 Badminton (Male Singles)

Winner – Abdul Vahab Manadi

Runner Up – Sriram Ram

 Badminton (Male Doubles)

Winners – Jayasankar Viswanathan &
Vinod Govindan Kutty
Runners Up – Kiran Hegde and Girish Chand

 Badminton (Female Singles)

Winner – Neeta Mehta

Runner Up – Mansi Raichura

 Table Tennis (Male Singles)

Winner – Jaikumar Patira

Runner Up – Anish Mehta

 Table Tennis (Male Doubles)

Winners – Jaikumar Patira and Mahesh Agarwal

Runners Up – Hitesh Dhoot and Anish Mehta

26

STUDENT EVENT ON OVERVIEW VAT CRUISE
ON VAT - 27 DEC 2017 30 DEC 2017

The first students session for the term was conducted on At the first ever “VAT Cruise” organized by ICAI (Dubai),
27 December 2017. The students were addressed by CA more than 15 tax experts responded to ICAI members’
Naveen Sharma, Chairman, ICAI (Dubai) who encouraged queries on different sectors.
them to grasp as much as they can on new legislations and
applicable law, to give them an edge in the UAE. “VAT will bring in confidence of the outside world into the
UAE’s system of accounting and transparency.
They were also addressed by CA Smruti Mishra, Executive
Committee Member, ICAI (Dubai) and DCASA Chairperson Whereas earlier there was no need for a book of
for the year. accounting because there was no taxation” said CA G.R.
Mehta, former chairman of ICAI (Dubai).
The VAT Overview was conducted by CA Anurag Chaturvedi,
Managing Partner, Chartered House, who gave the students
a detailed understanding of VAT concepts, executive
regulations and industry specific examples from the
insurance sector.

This event was the very first time ICAI (Dubai) conducted
an interactive VAT Session while cruising on Dubai
waters!

27

DASTAAN-E- RAJINDER KRISHAN 3 Emirates - 3 Events - 1 Day. For the very first time,
5 JAN 2018 3 events were held simultaneously in 3 Emirates in the UAE.

9 VAT experts answered queries from members and guests
in the 3 Emirates, in this first of its kind event at ICAI (Dubai).

This was the first time ICAI (Dubai) conducted events at
Masrah Al Qasba Auditorium (Sharjah), Ramada Hotel &
Suites (Ajman) and Hilton Garden Inn (Ras Al Khaimah).

Key issues and concerns of individuals and corporate executives
around various areas like registration, industries and free zones
etc. about the then upcoming value-added tax (VAT) were
addressed at the three forums.

A musical drama celebrating the life and lyrics of legendary EMPOWERING CA’S TO MEET THE
poet Rajinder Kishan was presented in association with the CHALLENGES OF DIGITAL TRANS-
Ibaadat Foundation. FORMATION - 20 JAN 2018

Members and their families enjoyed a musical tribute
which educated and entertained members with episodes
from his life.

The two and a half hour musical drama weaved strands
of the great poet’s life and his work together, and starred
Rajesh Duggal (Krishan’s son) and Sangeeta Gupta (music
maestro Madan Mohan’s daughter).

VAT CLINICS IN SHARJAH,
AJMAN & RAS AL KHAIMAH -
13 JAN 2018

28

Padma Bhushan Awardee Shri Rajat Sharma addressed economies - with great interest, it is up to various states to seize
a full house of members on digital miracles in India, and emerging opportunities, Rao, who is the minister for IT, Industries &
said that other countries are approaching India to help Commerce, Mines & Geology, said to the gathering. Among them
them in digital transformation. were Dr B.R. Shetty, founder and non-executive chairman of NMC
Healthcare and UAE Exchange Group.
He urged early education of digitization in Indian schools to
promote technology. The event also witnessed the signing of a memorandum of
understanding between the Telangana government and NMC
Automation, robotics, block chain and Data Analytics were Group for up to INR 10 billion investments in pharmaceutical and
among the various topics discussed by expert speakers other sectors in the state.
including Mr. Tariq Qureishy, Founder/CEO of Mad Talks.
LIVE WEBCAST - FIRST EVER ONLINE
CPE EVENT ON VAT - 9 FEB 2018

OPPORTUNITIES OF BUSINESS ICAI (Dubai) Chapter being the first ever Chapter to introduce
AND INVESTMENTS IN TELANGANA online CPE with this event on 9 February 2018.
28 JAN 2018
This was a unique session and opportunity where ICAI Members
Addressing over 200 members, Shri. K. T. Rama Rao, from across the globe could seek advise from VAT experts in this
Telangana state’s cabinet minister, said the need of the hour is to interactive session, where experts answered members queries,
ensure that all states in India are “business ready.” While the whole and clarified various doubts and concerns on VAT.
world is looking up to India - one of the world’s fastest growing large

29

CA. Vijay Kumar Gupta-Chairman-CPE Committee and ANALYSIS OF INDIAN UNION
Central Council Member joined the webcast from New Delhi, BUDGET 2018 - 17 FEB 2018
India and welcomed all participants.

2 CPE Hours were given at this very first online CPE event.

OVERNIGHT STAY AT THE LONG
BEACH CAMP - 15 FEB 2018

On the occasion of Valentine’s Day, ICAI (Dubai) organized its “International investors are bullish on India with the
first ever overnight stay – residential learning event. Over 50 economy maintaining an average annual growth rate of
ICAI (Dubai) members and family members participated in about 7.3 per cent, positioning the nation as the world’s
the sunrise yoga and fitness activities organized. fastest growing large economy,” Consul-General of India
to Dubai Vipul said.
Various events were organized for family members and
children including beach volleyball, egg hunting, BBQ dinner Addressing ICAI (Dubai) members on the Indian Budget
etc. and everyone spent the night in beach side tents. 2018 held jointly with Zee Network he said that over the past
four years, Prime Minister Narendra Modi’s government
has been successful in improving India’s ‘Ease of Doing
Business’ rankings from 142 to 100. He said the Indian
budget is broad-based and positively impacts a greater
number of people, resulting in higher incomes for them
and overall higher growth. “We look forward to the UAE’s
partnership in this journey by further strengthening our
already strong trade and investment relationship,” said the
Consul-General.

30

An experts panel discussion was also conducted by
moderator CA. Anil Bhardwaj-Director Arenco Group,
with a panel comprising Mr. Mohan G. Valrani Sr.-
Chairman and Managing Director-Al Shirawi Group, Mr.
Vijay Malhotra-CEO and Chairman-KPMG Lower Gulf
Limited and Mr. Vivek Law. The panelists discussed the
impact of the budget on NRIs and investments.

Dr B.R. Shetty, Founder and Non-executive Chairman, LEADERSHIP SESSION BY
NMC Healthcare & UAE Exchange, said the budget would DR. MARSHALL GOLDSMITH -
accelerate growth in India as the emphasis is on the rural WHAT GOT YOU HERE,
economy and healthcare. WON’T GET YOU THERE -
24 FEB 2018
Vivek Law, CEO and Editor-in-Chief, The MoneyMile, said
the reintroduction of Long Term Capital Gain (LTCG) “Great leadership is all about listening to others and about
would be counter-productive. “For the past 25 years, ‘them’ rather than boasting about yourself,” says Dr.
successive governments have been encouraging to bring Marshall Goldsmith, renowned coach and motivational
investors to the capital market, but the reintroduction of speaker.
LTCG will do the opposite.”
Dr Goldsmith told the audience that good leadership
Dr Sachidanand Shukla, Chief Economist, Mahindra & is about listening to suggestions without judging and
Mahindra, praised the government for not bringing any helping others rather than spending too much talking
major change into the taxation while focusing on the about past glories or criticising others.
expenditure and completing projects announced by the
previous government in various sectors. “For a great leader, it is all about them. There is a great
difference between a great achiever and a great leader.
Anuj Puri, Chairman, Anarock Property Consultants, Let us help our partners and colleagues how they want
provided insights into the real estate sector. He praised to change rather than the way we want to change them.
the government’s efforts for passing the Rera and GST Whether you’re at office or home, use the traditional
bill, which will prove be a game changer in the coming model of a leader - ask, listen, think, thank, respond,
years.Dinesh Kanabar, CEO, Dhruva Associates, decoded involve, change and follow up,” he said.
the Budget 2018 sector by sector, one provision after
another. “We spend a lot of time talking about how smart we are
and that reduces productivity. For a great leader, the
He also explained the LTCG provision and its calculation
and impact. Key points of the Indian Union Budget 2018
and its analysis were led by Mr. Vivek Law-CEO & Editor-
in-Chief, The MoneyMile and Dr. Sachchidanand Shukla-
Chief Economist-Mahindra & Mahindra.

A session on the budget implication specifically on
the real estate sector was conducted by Mr. Anuj Puri-
Chairman-Anarock Property Consultants. CA. Dinesh
Kanabar-CEO Dhruva Advisors also conducted a session.

31

most important factor for a successful change is the VAT Returns, FAF Audit files and how technology can help were
client, not the coach. Coaching should not be about some of the relevant topics discussed at this evening session.
your ego,” said Dr Goldsmith, who is known as a
world authority in helping successful leaders achieve Expert speakers on the subject included Mr. Mansoor Sarwar-
positive, lasting change in behaviour for themselves, Regional Director and Director Technical Services and Pre-
their people and their teams. Dr Goldsmith Sales-Sage Middle East, CA. S.S. Bhandari - Partner - S. Bhandari
emphasized that the interpersonal communication is & Co. Chartered Accountants-India, Mr. Pugal T.-Associate Vice
pretty important for a good leadership but majority of President - Tally Solutions Pvt. Ltd. and Mr. Bruce Hamilton-
people - 65 per cent - spend time about how smart, Partner-Indirect Tax-Deloitte.
special and wonderful they are.

An author of a number of management-related CELEBRATION OF
books, he advised the attendees to enjoy what they INTERNATIONAL WOMEN’S DAY -
have rather chasing what they don’t have, spending 10 MAR 2018
time with families because they always need you and
you need them.

VAT RETURNS AND REPORTING -
06 MAR 18

Members and their spouses gathered at the Roda Al Bustan
Hotel to celebrate International Women’s Day, on 10 March 2018.
Zumba master trainer Sucheta Pal commenced with a
session on “Busting the fitness myth” and also conducted a
Zumba session with the audience present!

32

ANNUAL SOCIAL GET-TOGETHER -
INDRADHANUSH 2018 -
23 MAR 2018

The next speaker was artist, philanthropist and social ICAI (Dubai) organized a day long get-together for
worker Rouble Nagi, who has undertaken “Misaal Mumbai” members and their families, at Zabeel Park in Dubai.
a slum painting and sanitation project in Mumbai, which
has painted over 7000 houses in the city. In an interactive The full day event included activities like a play area and
session, she spoke to CA. Smruti Mishra about the project, face painting for children, painting competitions, Rangoli
art as a profession and encouraged all those present to competitions, sports and games, photo booth etc.
do whatever they can to help those less fortunate than
themselves. Renowned singer and dancer “AJ” enthralled the audience
with his live acts. This was followed by painter and artist
Deepa Malik, Paralympic Champion then addressed those Dhaval Khatri, who lost both his hands as a child, painted
present about her journey from paralysis to Paralympics, on a canvas live in front of the audience and was given a
where she spoke of all the trials and tribulations she thunderous applause by the 2000+ audience were present.
underwent, and continues to face, in her journey to the
Paralympics. She narrated various incidents from her life
which are an inspiration to all.

Bollywood actress Amyra Dastur then spoke to the guests
about her life and journey in Bollywood. The evening ended
with a musical show by Charu Semwal, Indian Idol Finalist,
who enamored the audience with her lively and melodious
singing performances!

A “Gold Bingo” was conducted where winners walked away
with prizes in gold. A raffle draw was also held where prizes
ranging from an iPhone X to airline tickets were won.

33

STUDY TOUR TO BALI - The next technical session was conducted by CA. Niraj Jain,
27 TO 31 MAR 2018 Group CFO – Kanmo Retail Group, Jakarta and member of
ICAI Indonesia Chapter, who addressed members about
the opportunities for businesses, professionals including
Chartered Accountants in Indonesia and the Indonesian
economy.

The first overseas study tour of this term saw over 100 MASTERCLASS ON VAT -
ICAI (Dubai) members and their families travelling to Bali, POST IMPLEMENTATION
Indonesia in March 2018. SCENARIOS & COMPLIANCE -
7 APR 2018

A masterclass on the VAT reporting and compliance was

held where important subjects such as the preparation and

filing of returns, content and reconciliation of FTA Audit

Files were led by faculties CA. Nirav Shah, CA. Anurag

Chaturvedi, CA. Rajiv Hira and CA. Mayank Sawhney.

The first technical session of the Study Tour was “Are
you there? A Wealth Management Primer” conducted
by CA. Krishnan Ramachandran-CEO, Barjeel Geojit
Securities, where he discussed wealth management and
investment opportunities for individuals across different
age groups. Group discussions and team activities were
carried out where attendees discussed investments
opportunities and trends. Morning yoga sessions were
led by Ms. Sunita Sharma-a certified instructor from the
Art of Living Foundation.

34

Information management, record keeping, accounting as conference by the lamp lighting ceremony together with
well as practical business scenarios were discussed. This H.E. Navdeep Singh Suri, Ambassador of India to UAE, CA
was followed by a VAT Zero Hour, where several questions Naveen ND Gupta, President, ICAI, CA Naveen Sharma,
of attendees were discussed and clarified by the VAT Chairman, ICAI (Dubai) Chapter and CA Mahmood Bangara,
experts. Vice Chairman, ICAI (Dubai) Chapter.

According to CA. Mayank Sawhney, one of biggest issues He said that the theme of the conference “Evolution
is that suppliers’ invoices are improper. “Most of the Through Innovation” confirms that you do not fear change,
suppliers’ invoices are coming without their proper names, that you are receptive to new ideas, and that you desire to
addresses and TRNs [tax registration numbers], which will cooperate with others in bettering the human condition.
create problems for companies to claim input tax on that. He urged the Chartered Accountants to nourish the
Because their systems are not proper, they have not done admirable characteristics of tolerance both professionally
the right treatment of certain transactions.” and personally, they enhance not just accountancy but the
human condition as well.
CA. Nirav Shah said not everyone is prepared for filing tax
returns. “It appears people are only focusing on the format
with 8 or 9 fields, which needs to be populated.

We encourage people to start filing in time. Since a lot of
effort goes in to compiling the data, it will take a while for
the people and companies to settle down. We expected it
will take 6 months to fully comply and appreciate it,” he
pointed out.

DUBAI GLOBAL CONVENTION
2018 - 17 & 18 APR 2018

ICAI (Dubai) partnered with The Institute of Directors for
Dubai Global Convention 2018. Dr Tayeb Kamali, Director
General, Education and Training Development, Ministry of
Interior, UAE inaugurated the event.

Prominent UAE nationals and Prominent Indians including
H.E. Navdeep Singh Suri, Ambassador of India to the UAE,
attended the event. Members attended the event have
claimed unstructured CPE.

ICAI (DUBAI) His Excellency Navdeep Singh Suri, Ambassador of
36TH ANNUAL CONFERENCE India to UAE, compared how the theme reflects the rapid
3 & 4 MAY 2018 evolution of Dubai, from a sleepy desert to a sparking
metropolis. Ambassador also highlighted the innovations
The Chief Guest of the conference, H.E. Sheikh Nahyan and evolutions made between the remarkable relationship
Bin Mubarak Al Nahyan, Cabinet Member and Minister of India and United Arab Emirates.
of Tolerance, Government of UAE, inaugurated the

35

CA. Naveen N D Gupta, President ICAI India shared some DAY 2
humble beginnings of ICAI (Dubai) Chapter, first chapter
out of the 31 overseas chapters which was started from 50 CA. K Raghu, Past President, 2014-15 of ICAI, India, spoke
members which has grown up to over 3000 members. The about global opportunities and challenges in the profession
president also shared the launch of new curriculum and new in the era of innovation. He shared that several countries
strategic changes for future chartered accountants. The including Australia have opportunities for Indian CAs, which
achievement of 10 million CPE hours program conducted they must capitalize on.
by members across the nation for the last 3 years.
H. E. Shri Vipul, The Consul General of India to Dubai shared
Shri Raja Choudhury, Film Maker and Producer of Indian the continuous good relationship of India and UAE. He also
Official Global Film, Celebrating International Day of Yoga, mentioned the last visit of Shri Narendra Modi and other
spoke about how India has given the world numerous several ministers of India.
things including the number zero and yoga.
Mr. Jaivardhan Singh, Youngest Member of Legislative
Padma Shri awardee Prof. Anil Kumar Gupta, talked about Assembly of Madhya Pradesh, spoke about innovative
how we can bring about unleash creativity and innovation education and healthcare measures being undertaken in
in our lives - with simple examples such as setting up of Madhya Pradesh (MP) in India, where there is a high mortality
innovation groups, just like the recently organized VAT rate in children.
Clinics at ICAI Dubai. Mr. Shridhar Venkat CEO at The Akshaya Patra
Foundation The World’s Largest (Not-For-Profit)
Mr. Rajeev Masand,The Only Entertainment Journalist Mid-Day Meal Programme, spoke to members about
To Have 2 Eponymous Film Shows - Masand Ki Pasand the Akshaya Patra Foundation – a unique amalgamation
& Rajeev Masand Ki Pasand in his talk on Digitalisation - of monks, corporates and the government that feeds over
Adapting to Disruptive Innovation, shared how the media 1 million school children mid-day meals every day. This
and film industry has undergone a significant change in the makes it the largest NGO in the world doing this.
last few years. With online platforms like Netflix digitizing
entertainment, users can access a wide range of content Padma Bhushan Awardee Shri S Ramadorai, Ex Advisor to
online – including TV shows, movies as well as content The Prime Minister of India In The National Council of Skill
produced only for the online platform. Development, Ex CMD Of TCS & Chairman of Air Asia India
said “Chartered Accountants have a crucial role to play in
Padma Bhushan Awardee Shri Arvind Panagariya, Ex Vice ensuring both ethical governance and sustainable growth
Chairman, NITI Aayog & Professor at Columbia University in the economy”.
USA, joined the stage for a Q&A on “India on the Road to
Prosperity and Global Power Status”. Shri Arvind Panagariya
shared that for 4 years, during Prime Minister Narendra Modi
term, India economy has an average growth of 7.3%.

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Last speaker for the event was Padma Shri Awardee Ms.
Arunima Sinha, The First Female Amputee To Climb The
Mount Everest In The World. Ms Arunima Sinha inspired
the 1200+ members and guests as she shared her story of
sheer grit and determination, of climbing the peak despite
all the hurdles – physical and financial, that came her way.

ARMAAN MALIK AND AMAAL of India told that India is a great market and it will remain
MALLIK - LIVE IN CONCERT one of the biggest and fastest growing economies.

The Annual Conference ended on an energetic and musical CA Naveen Sharma, Chairman, ICAI (Dubai) Chapter
note – with Armaan Malik and Amaal Mallik enthralling said India’s population is young. When you have a young
members and their families with their music! population, you have dreams, ideas and innovation.

Mr. A Balasubramanian CEO, Aditya Birla Capital said “The
fundamentals of India’s economy have been changing
very fast. People are looking at buying real estate and
other assets.”

IPL LIVE PLAY OFF MATCH
AT FAN PARK, ICC ACADEMY -
25 MAY 2018

INVEST SMART INDIA INVESTMENT Members and their families enjoyed live IPL playoff match
SUMMIT - 10 MAY 2018 between Kolkata Knight Riders and Sunrisers Hyderabad
on 25th May 2018 at Cricket Fan Park, ICC Academy.
The event is organized with focus on key Indian financial Large number of members and their families enjoyed live
instruments and speakers shared indepth review of key screening of the IPL match.
Indian Industries and Sector. H.E. Shri Vipul, Consul General

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IFTAR EVENT - TALK ON LIFEMAP TECHNICAL SEMINAR ON GCC
CALLED CHOICES - 26 MAY 2018 TAXATION (INDIRECT & DIRECT
TAXATION) - 3 JUN 2018

ICAI (Dubai) held its Annual Iftar at one of the most An event on GCC Taxation (Indirect & Direct Taxation) was
prestigious addresses in the city – The Atlantis Hotel, attended by more than 700 members and guests. Mr. David
with Model, Actress, Anchor and Commonwealth Stevans, VAT Implementation Leader for the GCC, EY Middle
Karate Gold Medal winner, Ms. Sandhya Shetty on the East and CA Nitesh Jain, Direct Tax Partner, EY Middle East
topic ‘Lifemap called choices’. She spoke about the and North Africa addressed the members and updated them
little changes people can make in their choices, to live on GCC VAT framework, its compliance, Implementation &
a more satisfying, fruitful and healthy life. Management and the Changing landscape of Taxation in
GCC. In addition to that, there was a panel discussion on
His Excellency Shri Vipul, Consul General of India to “VAT Challenges – Internal and External”. The panelists
Dubai attended and graced the occasion. were CA Rajesh Somani, MD & CEO, SWISS Singapore
Overseas Enterprises, CA Ravi Murthy, Chief Financial
Officer, ARABTEC Constructions and CA Peeyush Joardar,
Partner, Mayur Batra Group, UAE.

The event was well received by ICAI (Dubai) members, IFTAR FOOD DISTRIBUTION -
the business community and sponsors who were present 8 JUN 2018
in large numbers. More than 2000 individuals enjoyed the
exclusive talk followed by gala dinner. During the holy month of Ramadan, ICAI (Dubai) participated
in food distribution for about 2000 people as a CSR initiative
at Outside area of Mosque Near Naseem Al Madeena
Supermarket, Dubai Investment Park 2 (DIP 2).

LIVE WEBCAST - 2ND ONLINE CPE
EVENT ON VAT - 9 JUN 2018

ICAI (Dubai) Chapter organized second online webcast on
VAT Returns & Reporting.

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EID CELEBRATION - SPECIAL CA Swami Natarajan, Senior Director, Oracle
SCREENING OF MOVIE “RACE - 3” EMEA, Ms. Shobha Singh, Director - Business
15 JUN 2018 Development, Oracle and CA Lokendra B. Rawat,
ABE Leader for ECEMEA, addressed the members
on using technology to facilitate decision making
by Finance Professionals and CFOs, and modern
applications in the digital world followed by a Q&A
Session where attendees queries were addressed.

The speakers demonstrated live uses of robots in
decision making, as well as live demonstrations on
how artificial intelligence can be used by Chartered
Accountants.

EID was celebrated by organizing a special movie
screening of Bollywood Movie “Race 3” at prestigious
Raj Mahal Theatre, Bollywood Parks at Dubai Parks and
Resorts, Dubai. The event was well attended by large
number of members and their families.

MODERN FINANCE IN
DIGITAL ERA – RISE OF DIGITAL
CHARTERED ACCOUNTANTS -
23 JUN 2018

LEADERSHIP SUMMIT -
24 JUN 2018

A unique session on Modern Finance in Digital Era
was organized at Oracle’s Zayed Innovation Hub in
Dubai Internet City.

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A Leadership Summit was organized at the Grand Hyatt
Hotel and was attended by more than 1500 members
and guests. Mr. Arnab Goswami, Managing Director,
Republic TV and Major Rajyavardhan Singh Rathore,
Union Minister of Youth Affairs and Sports, Govt. of India
attended the event and addressed the members.

Panel discussions were conducted on topics relevant The third panel discussion was about a yet another
for Indians in the UAE such as UAE as this Century’s important topic: INDIA-UAE Business Relations which was
Global Business Centre. Panelists included Dr. moderated by Ms. Shivani Gupta. The panelists were:Dr.
B.R.Shetty, Founder & Chairman - NMC Healthcare B.R.Shetty, Founder & Chairman - NMC Healthcare
& UAE Exchange, Mr. Kamal Puri, Chairman - Skyline & UAE Exchange, Mr. Mohan Valrani, Senior Vice
Group, Mr. PNC Menon, Chairman- Sobha Group, Dr. Chairman and Managing Director - Al Shirawi Group,
Azad Moopen, Chairman - Aster DM Healthcare and Mr. Paras Shahdadpuri, Chairman - Nikai Group, Mr.
CA. Naveen Sharma, Chairman - ICAI UAE (Dubai) Sameer Manchanda, Chairman - Den Network, Dr. Anil
Chapter, the panel discussion was moderated by Mr. Sharma - Founder, President & CEO - Global Marketing
Arnab Goswami. Panelists shared the business friendly Systems (GMS). Panelists gave credit for the growing
environment and great leadership of Dubai and UAE and business relations of UAE and India to the leadership of
were of the opinion that UAE is one of the best global both the countries.
business centers of the century.
The panel discussions were followed by address by
The second panel discussion was about Stories of Mr. Surjit Bhalla, Economist and Member of Prime
Success, where panelists shared their success stories Minister’s Economic Advisory Council on “Unleashing The
with the audience and credited the great leadership of Tiger: The Indian Economy On A Growth Curve” in
the Government of UAE. The panelists were: Mr. Mohan conversation with Mr. Arnab Goswami.
Valrani, Senior Vice Chairman and Managing Director
- Al Shirawi Group, Dr. Ram Buxani, Chairman - ITL Mr. Yashwant Deshmukh, MD - C Voter India (Election
Cosmos Group, Ms. Zanubia Shams, Co-Chairperson Specialist), addressed the members on “May 2019:
- Zulekha Healthcare Group, Mr. Adel Sajan, Director - Elections, Govt. Formation And Beyond”. The event was
Danube Group, Mr. Babulal Varma, Managing Director followed by interactive Questions and answers session.
- Omkar Realtors & Developers. The panel discussion
was moderated by: Ms. Shivani Gupta, Senior News
Editor, Republic TV.

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STUDENTS EVENT - GCC TAXATION & CA DAY CELEBRATIONS
CAREERS ON TAXATION - TREE PLANTATION -
27 JUN 2018 01 JUL 2018

A Students event on Overview of GCC Taxation & Careers ICAI (Dubai) Chapter organized tree plantation in Indian
in Taxation” was organized on 27th June 2018 at India Consulate, Dubai from 8 AM to 8.30 AM on 1st July 2018.
Club. 23 students participated in the event. VAT experts
shared career opportunities available in the field of VAT His Excellency Shri Vipul, welcomed this drive of ICAI
and GCC Taxation with the students. (Dubai) Chapter and expressed his appreciation of the
Chapter and its activities. Another tree plantation was
CA DAY CELEBRATIONS organized at the Indian High School from 9 AM to 10 AM.
SUFI & QAWWALI EVENT -
29 JUN 2018

To celebrate CA Day and EID, a Sufi & Qawwali event was CA DAY CELEBRATIONS -
organized on 29th June 2018 at the Indian International BLOOD DONATION CAMPAIGN
School Auditorium, Dubai Silicon Oasis. Renowned Sufi 06 JUL 2018
Singing Sensation Dhruv Sangari performed live in front
of large members and their families. To give back to the society as part of our CSR initiative, ICAI

(Dubai) Chapter organized blood donation camp in Latifa

Hospital on 6th July 2018. Large number of members and

their families donated blood.

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BREAKFAST SESSION ON TECHNICAL SEMINAR ON
“HEALTH AND WEALTH” FINANCIAL CRIMES, CORPORATE
7 JUL 2018 GOVERNANCE & FORENSIC
AUDIT - 14 JUL 2018

The meeting held at the Roda Al Bustan Hotel, Airport A Technical seminar on Financial Crimes, Corporate
Road, Dubai was divided into two parts. The first Governance & Forensic Audit was conducted on 14 July
session was about “Healthy Heart” led by Dr. Brajesh 2018 at Le Meridien Dubai Hotel & Conference Centre,
Mittal, Consultant Interventional Cardiologist & Airport Road, Dubai which was attended by more than
Head of Cardiology Department - Garhoud Private 650 members and guests.
Hospital, Dubai. He shared is lifelong knowledge on
how to keep our heart healthy. Mr. Hassan Nasser, Director Compliance, Risk and
Training, Crowe UAE addressed members on Financial
The Second session on “What works in wealth Crimes and How to detect and prevent them. This
creation and What doesn’t” by Mr.Shankar Sharma, was followed by CA Amarjit Chopra, Past President
Co-Founder and Chief Global Strategist, First Global. ICAI who spoke on Corporate Governance Trends and
He gave practical tips on how to create wealth. implications, and by CA Badri Vishal Mahajan, Director,

42

Business & Risk Advisory, Mayur Batra Group on how to BREAKFAST SESSION ON
Identify & Calibrate Business Risks. Lastly CA Chetan FINTECH AND MERGERS &
Dalal, Founder and CEO, Chetan Dalal Investigation & ACQUISITIONS FOR
Management Services, the first Certified Fraud Examiner CHARTERED ACCOUNTANTS -
from Mumbai, and one of the handful few in India spoke 28 JUL 2018
on fraud investigations and gave live demonstrations of
various new tools used for fraud detection.

TECHNICAL SEMINAR ON RECENT
UPDATES ON VALUE ADDED TAX
(VAT) AND MICROSOFT EXCEL FOR
CHARTERED ACCOUNTANTS
21 JUL 2018

A Technical Seminar on Recent Updates on Value The breakfast session at Roda Al Bustan, Airport
Added Tax (VAT) and Microsoft Excel for Chartered Road, Dubai commenced with a session on Fintech for
Accountants was organized at Roda Al Bustan, Chartered Accountants: How the world of accounting,
Airport Road, Dubai. auditing and corporate finance is expected to look in
the next 5 years through technological transformations
CA Anurag Chaturvedi comprehensively covered recent and how to upgrade your skills to stay relevant by
VAT updates that are beneficial to members working Mr. Siddhartha Bhandari, Chief Executive Officer, New
in industry, practice, or consulting. Bridge Fintech Solutions LLC.

This was followed by a session by CA Naveen Ajmera This was followed by a session on Mergers and
together with CA Anurag Chaturvedi on “What’s new Acquisitions: M & A Landscape, Process Overview
in Excel – Automate your tasks with Power Query and deal structuring, key trends , and how CAs can
and How to automate VAT Returns” using Excel make a career in M&A by CA. Kanhaiya Rathi, CEO and
and Power BI tools, which was followed by interactive Managing Director, Aspire Cap.
Questions and Answers session.

The event was attended by more than 600 members
and guests.

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TECHNICAL SEMINAR ON
NEW INTERNATIONAL FINANCIAL
REPORTING STANDARDS
(IFRS) - 18 AUG 2018

This was followed by session on Learning for Life: How
learning will keep you competitive in the Global Knowledge

Economy by Mr Navin Valrani, CEO of Arcadia Education
and Board Member of Al Shirawi Group

A Technical Seminar on New International Financial Reporting INAUGURATION OF ICAI (DUBAI)
Standards (IFRS) was organized on 18th August 2018 at Roda CHAPTER OFFICE IN DIFC -
Al Bustan, Airport Road. The event started with a session on 29 AUG 2018
overview of IFRS 16 with predecessor IFRS General Principles
& Scope, Identifying, Embedding & Accounting for Leases by
Mr. Yusuf Hassan, Partner - Accounting Advisory Services,
KPMG Lower Gulf Limited, Dubai.

A session on Overview and comparison of IFRS 15 with
predecessor IFRS, General Principles & Scope, the 5-step
model for recognizing revenue, identifying performance
obligations, contract modifications, non-refundable upfront
fees, variable consideration by CA. Abhinav Dhamija,
Associate Director – Accounting Advisory Service, Mayur
Batra Group, Dubai.

Another session was on IFRS 9 – Financial Instruments, Classification
& Measurement, Financial Assets, Impairment, Hedging by Mr.
Zulfikar Unar, Director – Assurance, PWC.

BREAKFAST SESSION -
LEARNING IS A JOURNEY -
25 AUG 2018

A Breakfast meeting was organized on 25th August 2018 on
the topic “Learning is a Journey” at Roda Al Bustan, Airport

Road. CA Sanjay Manchanda, CEO of Nakheel PJSC
advised members to work hard and improve knowledge on
a regular basis. He has shared his journey in a talk show

with Mr Tariq Qureishy, Founder / CEO of MAD Talks.

44

ICAI (Dubai) Chapter got the NPIO License from DIFC and perspective and financial independence she learnt along
Chapter’s Office was inaugurated on 29th August 2018 by the way. She valued financial independence and worked
Mr Arif Amiri, Chief Executive Officer, DIFC. towards it from a relatively early age of 16 while continuing
her education.
This marks yet another landmark for ICAI as it integrates
itself further into the financial space of the UAE. Her talk was followed by a Q&A session led by Mr. Ashvin
Gidwani, Founder & MD, AGP World and CA. Naveen
The DIFC is the foremost financial hub for Middle East, Sharma, Chairman, ICAI (Dubai). With her passion for
Africa and South Asia. The registration with an organization environmental conservation she has lent her support to
of this magnitude puts the ICAI (Dubai) into the very heart numerous animal, wildlife and environmental causes and
of the financial activity in the region appreciated ICAI (Dubai)’s CSR efforts while encouraging
more such activities including waste management to be
taken up by professional organisations. She has been
appointed as UN Environment’s Goodwill Ambassador
for India and was recognized by the United Nations for
her contribution to environment conservation.

The event also saw the celebration of milestone
achievements of the year, such as achieving 54,962
cumulative CPE hours, and a cake cutting ceremony
was held.

REEL TO REAL - REDEFINING THE
IDEA OF SUCCESS - 1 SEP 2018

Dia Mirza, actress, model, producer and beauty queen,
spoke to ICAI (Dubai) members and guests on redefining
the idea of success. In an honest and candid talk, she
talked about her life journey and the importance of honesty,

45

SEMINAR ON HOW TO WORK,
LIVE AND MIGRATE TO THE USA -

5 SEP 2018

ICAI (Dubai) has organized an event on how to work, live and migrate to USA. Mr Prakash I Patel has given comprehensive
overview of immigrant investment program, visa categories and also explained the importance of regional centre selection.
Mr Ryan Conway explained how to secure US Visas permanent residency. He also emphasized on lawful sources of funds,
due diligence and tax planning.

BOWLING TOURNAMENT 2018 -
7 SEP 2018

ICAI (Dubai) hosted its annual bowling tournament on 7 th September 2018. Over 300 members and their families
participated in the event.

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