Session Theme: Changing Dimensions of Accounting and Reporting : Issues and Strategies
Global Convergence of Accounting – Road Ahead Martin Hagen, Dy. President ICAEW
Sustainability Reporting Dr. J J Irani, Executive Director, Tata Son
Mr. Martin Hagen
Martin Hagen is Deputy President of the Institute of Chartered Accountants in England & Wales
Martin Hagen is a consultant to Deloitte, having retired as a partner in 2005. He is also a member of the Regulatory Decisions Committee of the Financial Services Authority (FSA) and a member of the Audit Committee of the London School of Economics.
He trained at Knox Franklin & Co (now PKF) in Sheffield, and qualified as a member of the Institute in 1973. He joined Spicer & Pegler (now merged with Deloitte) in 1974 in the London office before moving to Bristol where he became a partner in 1983 . As senior partner of the office and partner in charge of the West of England audit practice he had profit responsibility for one of the region’s largest audit and advisory practices.
Martin has worked at board level with many listed, large national and multinational companies in a wide variety of roles including audit, corporate finance, risk management, corporate governance and accounting and fraud investigations.
Martin has been actively involved in Institute affairs for many years, initially with the activities of the West of England Society of Chartered Accountants in England and Wales of which he has been a committee member since 1998, and president in 2002/03.
Since 2000 he has been a member of the ICAEW’s Council. He was chairman of the ICAEW’s Professional Standards Board between 2004 and 2007. He is Deputy Chairman of the ICAEW board and a member of both its nominations and remuneration committees.
Martin, who lives in Somerset, works with a national music charity.
He enjoys playing acoustic and rock guitar, photography, wine and France. He is also a vice president of Bristol City Football Club.
Dr. Jamshed J. Irani
1. Dr. Jamshed J Irani is a renowned personality in the Iron and Steel Industry.
2. Born on 2nd June 1936, Dr. Irani obtained degree in M.Sc. (Geology) from Nagpur University in 1958, M.Met. in 1960 and Ph.D. in 1963 from the University of Sheffield, U.K. He began his career in 1963 as a Senior Scientific Officer at the BISRA, Sheffield where he rose to the position of Head, Physical Metallurgy Division. On return to India, he joined The Tata Iron and Steel Company Ltd. (TISCO) as Assistant to Director, Research & Development, whereafter he was appointed General Superintendent in 1978, General Manager in 1979, President in 1985 and Managing Director in 1992. After holding the CEO's office for almost a decade, he retired as Managing Director of Tata Steel in 2001. Presently, he is a Director on the Board of Tata Steel.
3. Dr. Irani was the National President of the Confederation of Indian Industry (CII) for 1992-93. He was Co-Chairman of the Indo-British Partnership during 1993-1998. He became a "Paul Harris Fellow" of the Rotary International in 1977, and a Melvin Jones Fellow of the Lions International Foundation in 1993. He has been the President of the Indian Institute of Metals (IIM). Has served as the President of the All India Management Association (AIMA) during 1988-89. He was the Chairman of the Board of Governors of the Xavier Labour Relations Institute, Jamshedpur (1993-2003). He is Chairman of the Society and Board of Governors of the Indian Institute of Management, Lucknow.
4. Dr. Irani is a member of the Scientific Advisory Committee to the Cabinet (SAC-C) Government of India. He was Chairman of the Expert Committee set up by the Government to draft the new Companies Act. He was nominated on the Expert Committee set up by the Government for recommending a roadmap for the Coal Sector in India. He was also involved in the working groups for Iron and Steel for the 6th, 7th and 8th National Five-Year Plans. He is a member of the Central Advisory Board of Education (CABE). He was the President of the Asian Association of Management Organisations (2004-2007).
5. Besides Tata Steel, Dr. Irani is a Director on the Boards of several Corporates including Tata Sons Ltd., Tata Motors Ltd., Tata Teleservices, BOC (India) Ltd., Electrosteel Castings Ltd., Repro India Ltd. He is Chairman of Tata Refractories Ltd., TRF Ltd., and Kansai Nerolac Paints Ltd. He is a Council Member of the Indian Institute of Science (Bangalore), member of the Advisory Council of Citigroup India and a Trustee of the World Wild Fund for Nature - India (WWF - India). He is a Fellow of the Institute of Metals, Institution of Engineers, All India Management Association, Institute of Standards Engineers, Indian Academy of Sciences and Institution of Industrial Managers. In 1993, the University of Sheffield conferred upon him the Honorary Degree of "Doctor of Metallurgy". In 1997, Queen Elizabeth II conferred on him honorary Knighthood (KBE), for his contributions to Indo-British Trade and Co-operation.
6. Recipient of the 'Metallurgist of the Year Award' in 1974 from the Ministry of Steel and Mines, Dr Irani was awarded 'Platinum Medal' in 1988 by the Indian Institute of Metals . The Ministry of Steel and Mines, Government of India has conferred on him the inaugural 'National Metallurgist Award' in 1997 for his extraordinary achievements in the field of metallurgical industry. He was awarded Michael John Memorial Gold Medal for the year 1998 for fostering harmonious employeemanagement relations in Industry. He was awarded the 'Qimpro Platinum Standard' in 2000 and received the Indian Merchants' Chamber's Juran Quality Medal for 2001. He is also the recipient of the 'Ernst & Young's Lifetime Achievement Award' 2001. The Banaras Hindu University (BHU) conferred upon him the Degree of Doctor of Science, Honoris Causa in 2004. In 2007 he was honoured by the President of India who conferred on him the award of "Padma Bhushan" for his services to Trade and Industry in the country.
Day 1 (20/11/2008) 12:30-1300 Keynote Address: Challenges Confronting Emerging and Developing Countries: Shifting from Diagnostics to Capacity Development Tony Hegarty, Chief Financial Management Officer and Head of the Financial Management Sector Board, World Bank
Mr. Anthony Hegarty
Mr. Anthony Hegarty is the Chief Financial Management Officer and Head of the Financial Management Sector Board of the World Bank. He is Co-Chair of the OECD-DAC Joint Venture on Public Financial Management, Chair of the Multilateral Development Banks Financial Management Harmonization Working Group and a Member of the Multi-Donor Public Expenditure and Financial Accountability (PEFA) Steering Committee. He is also a Member of the Public Sector Governance Board (World Bank), and a former Member of IFAC's Developing Nations Committee.
Day 1 (20/11/2008)
Technical Session –II
Technical Session II
Session Theme: Adapting to Emerging International Horizons
Competency Mapping for Professional Development: International Perspective Paul Wappett, Executive Director, CPA Australia
Role of Accountancy Profession in New Trade Order Jitesh Khosla, Joint Secretary MCA
Mr. Paul Wappett
Paul Wappett is the Executive Director, International Development for Australia's largest accounting body, CPA Australia. In his role, he oversees the opening of international markets, entering into a range of partnerships with other organisations around the globe, and projects to build the capacity of the accounting and finance profession in developing and transition economies throughout the Asia Pacific region. He is a member of CPA Australia's Executive Management Group.
A lawyer by profession, Paul's previous positions have included legal roles at Clayton Utz and Mobil Oil Australia, and commercial roles with Mobil and the Western Bulldogs Football Club.
Paul has degrees in commerce and law from the University of NSW and an MBA from Melbourne Business School and still harbours dreams of one day opening the batting for the Australian cricket team.
Day 1 (20/11/2008)
Technical Session –III
Technical Session III
Session Theme: BFSI Sector and Accountancy Profession
Insurance Sector – Role of CA in Risk Management Dr. M Ramadoss, CMD, Oriental Insurance
Mr. M Ramadoss
Shri Ramadoss is Chairman-cum-Managing Director of The Oriental Insurance Company Limited, New Delhi. He took charge on 12th January 2005 in the Oriental Insurance Company Limited.
Born on 2nd December 1953, Shri Ramadoss is a First Class Commerce Graduate from Madras University and Chartered Accountant from Institute of Chartered Accountants of India. He is also Fellow of Insurance Institute of India and an Associate of Chartered Insurance Institute of U.K.
He joined Insurance Industry in 1976 as direct recruit Class I officer in New India Assurance Company limited and worked in various positions. In 2001, he was promoted as General Manager and posted to London Branch for 3 years. He returned to India and joined Head Office in the Middle of November, 2004. Shri Ramadoss has unique experience of having worked in Insurance Industry in different parts of the country.
Besides working in Insurance Industry, Shri Ramadoss is visiting Faculty in National Insurance Academy, Pune. He is regularly taking classes in Company Training Colleges. He has also written articles in Magazines and he is Member of a Working Group constituted by Institute of Chartered Accountants of India to finalise accounting guidelines for General Insurance Companies.
Day 1 (20/11/2008)
Technical Session –IV
Technical Session IV
Session Theme: Harmonization of Profession Beyond Frontiers
SAFA Region: Perspective Shabbar Zaidi, President SAFA Mohammed Humayun Kabir, President, ICABangladesh Ved Jain, President, ICAI India Syed Asad Ali Shah ,President, ICA Pakistan Tanka Prasad Paneru,President, ICA Nepal Sujeewa Mudilige, Vice-President, ICASrilanka
Mr. Syed Mohammad Shabbar Zaidi President, South Asian Federation of Accountants
Born in Karachi on January 1, 1960. Graduated from Hailey College of Commerce, Lahore with Gold Medal in 1979. Qualified as Chartered Accountant with A.F. Ferguson & Co., Lahore in 1983. Currently, a Partner with A.F. Ferguson & Co. a member firm of Pricewaterhouse Coopers since 1995.
He was the President of the Institute of Chartered Accountants of Pakistan for the year 2005-2006 and Vice President of the Institute for the year 2002-2003 and also served as a Member of the Southern Regional Committee of the Institute of Chartered Accountants of Pakistan for two years.
Mr. Zaidi has been the Member of the Federal Government Task Force for Tax Administration, Member Advisory Committee for the Revenue Division of Federal Government and Member Federal Government Committee for Improvement in Regulatory Framework, Member Alternate Dispute Resolution Committee, Sales Tax and Income Tax. Member Task Force on Tax Reform and Advisor on Economic and Financial matters to the Overseas Investors Chamber of Commerce & Industry.Mr. Zaidi has been the Chairman of Professional Standards & Technical Advisory Committee and Economic & Taxation of the Institute.
Mr. Zaidi is deeply involved in major business restructuring transactions in the country including mergers, acquisition, privatization, etc. At present Mr. Zaidi specializes in corporate finance activities of PricewaterhouseCoopers Pakistan providing international expertise. Mr. Zaidi is also acting as Financial Advisor for Iran-Pakistan-India Pipeline Project.
Mr. Zaidi is a regular writer in business journals and newspapers including visiting lectures at Lahore University of Management Sciences and Institute of Business Administration, Karachi.
Mr. Mohammed Humayun Kabir President, ICA Bangladesh
Mohammed Humayun Kabir FCA is the President of Institute of Chartered Accountants of Bangladesh(ICAB) for the year 2008. Mr. Kabir qualified as a Chartered Accountant in 1984 at the age of 24. Since then he has been actively associated with the Institute. He was the Vice President for the year 2002 and has been the Chairman & the Member of different committees including Member Services Welfare Committee, Technical & Research Committee, Board of Studies & Review Committee for Published Accounts & Reports. Mr. Kabir was elected to the Council of the Institute for three consecutive terms from 2001 to 2009.
Mr. Kabir delivered lectures/presented papers on the different topics on Capital Market, Finance, Banking, Management, International Accounting & Auditing Standards, Investigation of Fraud and Forgery, etc., both in home and abroad. He was the editor of Quarterly Journal “The Bangladesh Accountant” of ICAB for a member of years.Mr. Kabir has outstanding academic record. He received his Graduation with Honours and Masters in Accounting from the University of Dhaka and participated in workshops and conferences of SAFA, CAPA and IFAC on a number of occasions. He studied on “International Capital Markets’ for a brief period in Oxford, UK. He is a member of Institute of Management Accountants, USA & Institute of Internal Auditors, USA.
Mr. Kabir at present is working for a leading business conglomerate of the country as the Chief Executive of its Jute Division comprising of 3 Companies. Mr. Kabir was the founding Vice President of Accounting Club. He is a member of General Body & Sub Committees of FBCCI and elected Member of Executive Committee of Bangladesh Jute Spinners Association and the Chairman of Monoram Co-operative Housing Society Limited. Earlier he was elected Executive Committee Member of Bangladesh Jute Goods Association(BJGA). Mr. Kabir presently sits in the Board of Directors of Dhaka Stock Exchange Ltd., Shadharan Bima Corporation (State owned General Insurance Corporation) & Shippers’ Council of Bangladesh, General Member of SME Foundation (Govt. Organization for promoting SMEs). Earlier he was a Director of Monno Ceramics Ltd. & West Zone Power Distribution Company Limited.
CA. Ved Jain, President, ICAI 2008-09
CA.VED JAIN, FCA, New Delhi, aged 54 years has been elected as President, The Institute of Chartered Accountants of India (ICAI), the apex body of the profession of Chartered Accountants in India for the year 2008-2009 on 5th February 2008. Academically brilliant, he is a rank holder in both CA Inter and CA Final. A Triple Bachelors Degree Holder, he has done his Bachelors of Science from Punjab University in 1973. A true follower of Continuous Professional Education, after completing his chartered Accountancy in 1973, for the love of the subject he did his Bachelors of Arts in Economics in 1979. His thirst for knowledge was not slaked still and he completed his Law Bachelors Degree in 1980 from Delhi University. A Fellow Member of ICAI with more than three decades of standing, CA. Ved Jain was elected to the Central Council of ICAI for the first time in 2004 and thereafter in 2007.
He has also held the position of Chairman and Vice-Chairman of Fiscal Laws Committee and Chairman of the Audit Committee. Besides the above, he has also served as a member on several committees namely – Executive Committee, Disciplinary Committee, Accounting Standards Board, Auditing and Assurance Standards Board, Committee for Members in Industry, Committee on Financial Markets and Investors’ Protection, Professional Development Committee, Board of Studies, Committee on Ethical Standards, Editorial Board, Continuing Professional Education Committee, International Affairs Committee and Committee on Accounting for Local Bodies. He is holding the Chair of all the three standing committees- executive, finance and examination. He also holds Chair of Board of Discipline, Perspective Planning, Diamond Jubilee and International Affairs committee. He is the Editor of monthly Journal “The Chartered Accountant”.
He is a member of the National Advisory Committee on Accounting Standards constituted by the Ministry of Corporate Affairs, Govt. of India and also Co-Chairman of the Committee on Direct Taxes of ASSOCHAM. He is a member of the Audit Advisory Board and the Government Accounting Standards Advisory Board – both constituted by the Comptroller and Auditor General of India. He is a member of the Central Direct Taxes Advisory Committee constituted by the Ministry of Finance, Government of India. He is a member on the Committee on Internal Audit constituted by the Office of Controller General of Accounts, Government of India. He is a member on the Board of Insurance Regulatory and Development Authority (IRDA). He is a member on the Board of Tariff Advisory Committee of Insurance Regulatory and Development Authority (IRDA). He is a member of the High Level Steering Committee for implementation of XBRL based data submission by Banks constituted by the Reserve Bank of India. He is also a member of the Governing Body of National Institute of Public Finance and Policy (NIPFP). He was also a member of the Committee on Accounting Standards constituted by the Central Board of Direct Taxes (CBDT), Ministry of Finance, Govt. of India. He is a Member of the Developing Nations Committee of the International Federation of Accountants (IFAC).
He has been a member of the Income Tax Appellate Tribunal, Ministry of Law, Justice and Company Affairs, Govt. of India. He is also on the Editorial Board of selected orders of ITAT (SOT). A prolific writer, he has authored many books on Direct Taxes and regularly contributes articles on tax matters in various journals, newspapers and frequently makes his presence on various television channels.
His vision for ICAI is to develop Internationally comparable infrastructure ,with state-of-art in-house computer centers. He envisages a fully equipped Role Model Board of Studies and aims to pursue his mission with relentless passion and single-minded devotion and to bring it to fruition.
Mr. Syed Asad Ali Shah President – The Institute of Chartered Accountants of Pakistan
Syed Asad Ali Shah is a Fellow Member of the Institute of Chartered Accountants of Pakistan as well as an Associate Member of Institute of Cost and Management Accountants of Pakistan.
Mr. Shah is a partner in M. Yousuf Adil Saleem & Co. Chartered Accountants, a member of Deloitte Touche Tohmatsu, and is the leader of Audit and Enterprise Risk Services, National Professional Practice Director and Global Client Service Director in this firm. Mr.Shah specializes in providing audit & assurance services with an aggregate experience of over 20 years.
He is one of the leading trainers and a regular presenter at national and international seminars and conferences on the subjects of Corporate Governance, Internal Control, Corporate Fraud, Auditing, Accounting, Taxation, Internal Auditing and other related professional subjects.
Asad Ali Shah is an elected President of ICAP in 2008 as he is an elected a member of ICAP Council since 2001 and has served on several of its Committees. He has served as Vice President of the Institute and Chairman of the Quality Control Review Committee and Banking Sub-Committee of the Institute. Currently, he is Chairman of the Banking Committee of the Institute. Mr. Shah is also a member of the two joint coordination committees of the ICAP with the Securities & Exchange Commission of Pakistan and State Bank of Pakistan, the two key regulators of corporate and financial sectors in the country.
Mr. Shah is currently representing Pakistan on the International Auditing and Assurance Board, the global standard setter on auditing and assurance, as technical advisor. Besides this, he has represented the Institute & Pakistan in the international forums such as IASB meetings with world standard setters, South Asian Federation of Accountants (SAFA) (comprising of professional bodies of India, Pakistan, Sri Lanka, Bangladesh & Nepal. He is also the Chairman of the Corporate Governance Group of SAFA, which has recently developed “Best Practices for Corporate Governance in SAFA region”.
Asad Ali Shah has been regularly writing articles in professional magazines and leading newspapers on various subjects, including macro economy, federal budget and other related matters.
He remained as Advisor to Chief Minister Sindh for Finance, with powers and status of finance minister for a period of three years. In this capacity, he remained as member of the National Economic Council (the highest economic decision making body in Pakistan headed by the Prime Minister) and the Executive Committee of the National Economic Council headed by the Federal Finance Minister.
Mr Tanka Prasad Paneru, FCA President- The Institute of Chartered Accountants of Nepal (ICAN)
Mr Tanka Prasad Paneru, FCA, B.Com. (TU, Nepal) qualified as Chartered Accountants from the Institute of Chartered Accountants of India in May, 1997.
He founded the professional accounting firm T. Paneru & Co., Chartered Accountants in 1997. Mr. Paneru is engaged in providing consulting and auditing services especially in Business and Non- governmental sector.
Mr. Paneru is very much dedicated to promotion and development of accounting profession in Nepal. He became council member of the Institute of Chartered Accountants of Nepal (ICAN) for 2003/04. During this period, he contributed in drafting of ICAN regulation 2061.
Since then, he has been contributing to strengthening and institution building of the Institute of Chartered Accountants of Nepal. During his tenure as a Council member he had shouldered many responsibilities such as Coordinator of the regulation drafting Committee, Chairman of Information Committee, and member of the professional development committee.
Besides this he is currently the member of the high level committee on the public corporation reform recommendation 2063 formed by the Government of Nepal and General Secretary of Cricket Association of Nepal.
He has widely travelled to various parts of Nepal and the world in the context of his profession. He has organized participated, presented technical papers, chaired and commented technical sessions of various international and local professional workshop/seminar/conferences. He is also a best resource person and has been contributing thought provoking articles in professional journals.
Day 2 (21/11/2008)
10:00 – 11:30
Technical Session –V
Technical Session V
Session Theme: Auditing- Adding Value to Governance
Accounting Practices - Challenges and Opportunities in the Digital Era Dr. D B Phatak, Independent Consultant Convergence with International Standards on Auditing Graham Ward, Co-Chairman UK side of Indo-UK Accountancy Task Force & Past President, IFAC
Special Address: Meeting the Challenges of Capital Market –Way Forward Sh. Ravi Narain, MD & CEO, National Stock Exchange
Dr. Deepak B. Phatak Subrao Nilekani Chair Professor, IIT Bombay
Dr. Deepak B. Phatak graduated in electrical engineering from Indore and then completed his M. Tech. and Ph. D. in computer science. He has been with IIT Bombay since 1971. He has served in the Department of Computer Science and Engineering and was the department head from 1991-94. He also served as the first Dean of Resource Development for IITB from 1995-98. He was the founding head of the Kanwal Rekhi School of Information Technology (KReSIT) which was set up in 1998 at IITB. He was appointed to the Subrao Nilekani Chair in January 2000. He also headed the S J Mehta School of Management at IIT from July 2004 to June 2005.
His research interests are in the areas of data bases, information systems, IT strategy planning and IT enabled education. His primary research inclinations are in technology application and deployment.
He has been a consultant and advisor for IT related issues to many organizations especially in financial sector. He works on several committees advising Government departments on issues related to IT strategy planning and deployment, and various e-governance projects.
He is a fellow of CSI, and of IETE. Recently, he was honoured with lifetime achievement award by Dataquest.
Dr. Phatak's dream is to see a resurgent India catching up with the world using IT as the springboard. He hopes to make IT work for the millions of Indians so as to enable them to lead an honorable, comfortable and peaceful life full of love and harmony.
Mr. Graham N C Ward CBE MA FCA FEI CIGEM FRSA Partner, PricewaterhouseCoopers
Graham Ward is a partner in PricewaterhouseCoopers UK and immediate past President of the International Federation of Accountants (IFAC). During his term of Office he led a significant expansion of IFAC’s work in establishing and developing the accountancy profession in developing countries, including working with UNCTAD, the World Bank and regional development banks. He is also a former Deputy Chairman of the UK’s Financial Reporting Council, a former member of its Corporate Governance Committee and a former Vice Chairman of the UK’s Auditing Practices Board. He was President of the Institute of Chartered Accountants in England and Wales (ICAEW) for 2000/2001 and is a former Chairman of the Consultative Committee of Accountancy Bodies and a former member of the UK’s Takeover Panel. He represented IFAC in the revision of the OECD Principles of Corporate Governance and was a member of the multi-national Crow Committee on ‘Rebuilding Public Confidence in Financial Reporting’, many of whose recommendations were concerned with improving corporate governance. He was a member of the Advisory Panel to the Review of the Regulatory Framework for Legal Services in England and Wales, carried out by Sir David Clementi, published in 2004. Graham is a Vice Chairman of the UK-India Business Council and Chairman of its Audit Committee, a member of the Financial Services Sector Advisory Board of UK Trade & Investment (UKTI), Co-Chairman of the Indo-UK JETCO Accountancy Task Force, an observer member of the Indo-UK JETCO Financial Services Task Force and a member of the South Asia Advisory Group of International Financial Services London. He is also a member of the ICAEW’s International Advisory Board.
Graham is Vice Chair: Special Responsibility Finance, of the World Energy Council, a member of the Executive Council of The Parliamentary Group for Energy Studies, a past Chairman of the British Energy Association of the World Energy Council and immediate past Chairman of the Power Sector Advisory Group of UKTI. He is also Senior Warden of the Worshipful Company of Chartered Accountants in England and Wales, a Governor of Goodenough College, a Governor of Dulwich College, Honorary Financial Adviser to St Paul’s Cathedral, a Vice President of Epilepsy Research UK, a Companion of The Institution of Gas Engineers and Managers, a Fellow of The Energy Institute, a Fellow of the Royal Society of Arts and a former Chairman of Chartered Accountants in the Community. In 2004 he was appointed Commander of the Most Excellent Order of the British Empire, for services to exports.
Special Address: Meeting the Challenges of Capital Market –Way Forward Sh. Ravi Narain, MD & CEO, National Stock Exchange
Mr. Ravi Narain Managing Director & CEO - National Stock Exchange
Mr. Ravi Narain is currently the Managing Director and CEO of the National Stock Exchange of India Limited.
He is the Chairman of the National Securities Clearing Corporation Ltd. and NSE.IT Ltd. He also serves as a Director of the National Securities Depository Ltd. and the National Commodity & Derivatives Exchange Ltd. He is on the Board of the World Federation of Exchanges and several other companies. He is also associated with various committees of the Securities & Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).
Mr. Narain has been associated with Industrial Development Bank of India in various capacities and was a member of the core team which did the initial work for the establishment of the Securities and Exchange Board of India (SEBI). He led the core team that was responsible for setting up the NSE.
Mr. Narain has degrees in economics from St. Stephen’s College, Delhi University and Cambridge University, UK and a degree in business administration from Wharton School, University of Pennsylvania, USA.
Day 2 (21/11/2008)
Technical Session –VI
Technical Session VI
Session Theme: IFRS: Preparing Industry for Compliance
Indian GAAP: Road to IFRS CA N P Sarda, Past President, ICAI Global Financial Crisis And The Potential Impact On Financial Reporting Reyaz Mihular, Past -President ICA Srilanka
Mr. C. V. Narendra P. Sarda
1. PARTNER OF DELOITTE HASKINS & SELLS, CHARTERED ACCOUNTANTS
2. WAS PRESIDENT OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA IN 1993-94.
3. WAS CHAIRMAN OF WESTERN INDIA REGIONAL COUNCIL OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA IN 1977 – 78.
4. HAS SERVED AS CHAIRMAN OF :
BOARD OF STUDIES.
ACCOUNTING STANDARDS BOARD.
EXPERT ADVISORY COMMITTEE
OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA.
5. REPRESENTED INDIA ON THE BOARD OF “INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE” (IASC) FROM JANUARY 1993 TO JUNE 1995.
6. WAS PUBLIC REPRESENTATIVE DIRECTOR ON THE GOVERNING BOARD OF THE STOCK EXCHANGE, MUMBAI (BSE) FROM 2002-2005.
7. WAS A DIRECTOR OF DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC) FROM 1997 -1999.
8. WAS A MEMBER OF ACCOUNTING STANDARDS COMMITTEE OF RESERVE BANK OF INDIA.
9. WAS A MEMBER OF ACCOUNTING STANDARDS COMMITTEE OF SECURITY EXCHANGE BOARD OF INDIA (SEBI).
10. DELIVERED LECTURES ON PROFESSIONAL SUBJECTS AT VARIOUS CONFERENCES / SEMINARS OF ICAI, FICCI, ASSO CHAM ETC.
Mr. Reyaz Mihular
Reyaz is a Partner of KPMG Ford, Rhodes, Thornton & Co. and also serves as the Head of Advisory Services for the KPMG Middle East & South Asia Region. Reyaz counts over 25 years of experience in a range of Audit and Advisory areas including areas of Corporate Finance & Transaction Services as well as Mergers & Acquisitions, Corporate Planning, IFRS and Business Entry Strategies. Reyaz previously served a term as the Regional Executive Officer for the KPMG MESA region where he was responsible for overlooking the activities of 15 member firms operating in the KPMG Middle East & South Asia region.
Reyaz is a Past President of the Institute of Chartered Accountants of Sri Lanka and also served a term on the International Board of the International Accounting Standards Committee. Reyaz Chaired the steering committee which was involved in formulation of IAS 41 - Agriculture and also served as a member of the steering committee which was involved in the formulation of IAS 19 - Employee benefits. He has held several key state sector appointments including having served a term as a Director of the Ceylon Electricity Board, the Independent Television Network and the Post Graduate Institute of Management.
Reyaz is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and a Fellow Member of the Chartered Institute of Management Accountants - UK.
Day 2 (21/11/2008)
Technical Session –VII
Technical Session VII
Session Theme: Leveraging Information Technology: For Better Tomorrow
XBRL: Future of Financial Reporting Usha Narayanan, Executive Director, SEBI Knowledge Management: Achieving Competitive Edge Mrityunjaya Athreya, Management Consultant
Smt. Usha Narayanan Executive Director Securities and Exchange Board of India
Smt. Usha Narayanan is Executive Director in the Securities and Exchange Board of India (SEBI), in charge of Corporation Finance Department and Investment Management Department - Division of Foreign Institutional Investors (FIIs) and Custodians. In her position, she is responsible for overseeing policies relating to issuance of capital, disclosure in offer documents, continuous disclosures, listing requirements, corporate governance, mergers and acquisitions and portfolio investment by foreign investors.
A postgraduate in Economics and Law, Smt. Usha Narayanan joined SEBI in the year 1991 and has held various senior positions in SEBI with all around experience of working in the Divisions of Primary Market, Takeover, Foreign Institutional Investors, Investigation and Market Intermediaries Department.
As a representative of SEBI, Smt. Usha Narayanan has been a member of various committees such as the International Organisation of Securities Commissions (IOSCO) Working Group on Risk Based Inspection Methodologies, Reserve Bank of India Committee on Conflict of Interest, High Powered Expert Committee of the Government of India on making Mumbai a Regional Financial Centre, Government of India Committee to review ADR/ GDR/ FCCB policy etc. She has been recognized as one of the top 25 powerful women in Indian Business by Business World, one of India’s top selling business magazines and as one of the top 50 powerful women by the Financial Express, a leading Indian Business Daily.
Dr. M B Athreya
Dr. M B Athreya holds a Doctorate in Business Administration from the Harvard University. He was a Ford Fellow at Harvard; and a Hoover Fellow at the Stanford Business School. Before going to the US, Dr. Athreya had worked with a British MNC, in India, as a qualified Cost Accountant. He was a Gold Medallist in the Costing Examinations – Intermediate and Final. His first degree is in Mathematical Statistics.
With this blend of Strategy and HR from his Harvard training, and Finance & QM from his earlier experiences, Dr. Athreya has been a sought after consultant to MNCs, especially those focussing on the fast growing emerging markets of Asia Pacific. He has been advising clients on Vision, Mission, Strategy, Values, HRD and OD.
Prior to embarking on Consulting, Dr. Athreya taught at the Business Schools of Kolkata, India; London, England; and Strathclyde, Scotland, UK.
Dr. Athreya has also been an advisor to Governments; Business Chambers; Professional Associations; and NGOs. He has been on Corporate Boards. He is a renowned speaker in the national and international forums.
Day 2 (21/11/2008)
15:30 - 1700
Technical Session –VIII
Technical Session VIII
Accounting Profession-Emerging Challenges
Accounting Profession in 2020 Special Address by CA Kamlesh Vikamsey President, CAPA Human Governance Framework and the Profession: Harmonizing accounting and spiritualism for sustainability D Susela Devi, ProfessorBusiness Administration, University of Malaya
CA. Kamlesh Vikamsey President CAPA
Mr. Kamlesh Vikamsey is President of Confederation of Asian and Pacific Accountants(CAPA), Hong Kong for the period of two years till November, 2009. Mr. Vikamsey is Board Member of International Federation of Accountants (IFAC) New York, USA. The Board of IFAC comprises of 22 members who are elected from amongst the 160 member organizations of IFAC. He is member of Planning & Finance Committee of IFAC. He served on the IFAC Small and Medium Practices Permanent Task Force (now the Small and Medium Practices Committee) from November 2004 to November 2005.
Mr. Vikamsey has been a member of the Institute of Chartered Accountants of India (ICAI) for 25 years of standing.. He is the director and chair of the audit committees for several Indian companies. He is also Honorary Treasurer of Global Vipassana Foundation. Mr. Vikamsey was President ICAI for the year 2005-06, where he has served on the Central Council from 1998 till 2007 and he was member of International Affairs Committee of ICAI.
Mr. Vikamsey was also appointed on a Steering Committee consisting of six independent eminent persons in the field of governance and oversight to conduct an independent external evaluation of comprehensive review of governance and oversight of the United Nations, its funds, programme and specialized agencies. Mr. Vikamsey was also the Chairman of the Centre of Excellence on Education, Training and CPD of South Asian Federation of Accountants (SAFA - An Apex Body of SAARC)
Mr. Vikamsey has been a member of Governing Council of Corporate Governance Forum, Chaired by Minister of Corporate Affairs, Audit Advisory Board constituted by the Comptroller & Auditor General of India (C&AG) and Part Time Member of Insurance Regulatory Development Authority (IRDA) as well as other important Boards, Committees and Expert Groups
Dr. Susela Devi
S. SUSELA DEVI is an Associate Professor of Accounting at the Faculty of Business and Accountancy, University of Malaya. She holds a Bachelor of Accounting (Hons) degree from University of Malaya and a PhD from University of Waikato, New Zealand. She is a professional accountant and a member of the Malaysian Institute of Accountants and the Malaysian Institute of Certified Public Accountants.
Dr Susela is Council member of the Malaysian Institute of Accountants (MIA). She also served as a Council Member of MIA from 2000 to 2002. She has served as Technical Advisor to the Malaysian delegation in the Board of International Accounting Standards Committee in 1998. She served as project manager in four projects in the Malaysian Accounting Standards Board (1998-2002). Currently, she is chairperson of the MIA Education Committee.
Her research interests include accounting standards, accounting education, upgrading accounting infrastructure in the lesser developed countries and issues relating to Small Medium Enterprises (SMEs), corporate governance and the regulation and organisation of the accountancy profession.
Dr Susela has co-authored several books, namely Auditing in Malaysia, An Introductory Text on Financial Accounting and Reporting in Bahasa Malaysia, Quality Human Resource Management, Auditing and Assurance Services in Malaysia, and Accounting Theory and Practices: A Malaysian Perspective.
She has undertaken two research studies on behalf of the Confederation of Asian and Pacific Accountants (CAPA), entitled Differential Reporting (published in 2003) and Competency-based Approach to Professional Accounting Education (published in 2004). She is also currently finalising her research on Small Medium Practitioners and SMEs, a study sponsored by ACCA UK.
Day 3 (22/11/2008)
10:00 - 11:30
Technical Session –IX
Technical Session IX
Session Theme: Contemporary Issues: Challenges and Opportunities
International Taxation: Global Perspective T P Ostwal, FCA Corporate Fraud – Prevention, Detection and Deference in Changing milieu Narendra Aneja, Consultant GST : Tax for Future Generation Dr. M Govinda Rao, Director, National Institute of Public Finance & Policy
Mr. T.P. Ostwal
Ostwal is an economic graduate from India and a Chartered Accountant in practice since 1978. Was a Member of the CID TAG of OECD & BIAC. Vice President of International Fiscal Association (IFA) and also chairman - India Branch. Has been appointed on several committees set by Ministry of Finance other ministries of Govt. of India. Was Professor at the University of Mumbai . Co-authored “Transfer Pricing Manual” published in India. Has been adjudge as 11th in the top 50 Tax Professionals in the world for the year 2006 07 by Tax-Business magazine of UK; in Nov 2006. Also appointed as a visiting professor at Vienna University for L.L.M course. Recently appointed as a member of an expert group by United Nation (UN) for developing transfer pricing methodologies and documentation, for developing countries and also he has been invited as an expert to join the U N initiative on new tax treaty model which is under preparation .Is actively involved in handling international tax issues on cross-border transactions for a wide range of clients in India particularly in the field of technology and software and telecommunication and real estate industry etc.
Mr. Narendra K. Aneja
1976- Chartered Accountant, Institute of Chartered Accountants of India 1975- Cost Accountant, Institute of Cost Accountants of India 1979- Master of Business Administration, The Wharton School, U.S.A. 1996- Certified Management Consultant, Institute of Management Consultants of India
1981- Aneja Associates, Chartered Accountants, Bombay. 1979-81- Coopers & Lybrand, National Office, New York. 1978-79- The Wharton School, Worldwide Institution Group, U.S.A. 1976-77- A.F. Ferguson & Co., Management Consultants, Bombay.
PROFESSIONAL MEMBERSHIP & AFFILIATIONS
Fellow Member, Institute of Chartered Accountants of India. Member, Committee on Quality, Institute of Internal Auditors, Florida, USA. Vice-President, The Institute of Internal Auditors, India. Ex-Secretary, Institute of Management Consultants of India. President(1977-79), Wharton Asian Association - THE WHARTON SCHOOL, University of Pennsylvania, U.S.A.
Mr. Govinda Rao Marapalli
I. Personal Particulars
Name:- GOVINDA RAO MARAPALLI Date of Birth:- April 7, 1947. Academic Qualifications:- Ph.D., 1979- (Economics).
II. Experience in Management, Research and Consultancy Present Position: Director, National Institute of Public Finance and Policy, New Delhi, 110067, India. Member, Economic Advisory Council to the Prime Minister of India, January 1, 2003. Past Positions and Job Description: Director, Institute for Social and Economic Change, Bangalore, December1998- December 2002. Fellow, (March 1995 – December, 1998), Research School of Pacific and Asian Studies, The Australian National University, Canberra. Professor, (April, 1985 - March 1998). National Institute of Public Finance and Policy (NIPFP), New Delhi, India. Economic Adviser, (October 1987-December, 1989) The Finance Commission.Government of India, (On leave from NIPFP) Fellow, NIPFP., (August 1984 - March, 1985). Senior Economist, NIPFP (Jan, 1980 - Aug, 1984). Economist, NIPFP (Dec 1977 - Dec 1980). Other Academic Positions: 1. Ford Foundation Post-doctoral Fellow - Department of Economics, University of Maryland, College Park, Maryland. USA. 1981-82. 2. Visiting Scholar - Department of Economics, University of Montreal, Montreal, Canada. October-November, 1993. 3. Visiting Scholar, Department of Economics, University of Toronto, Canada. 1991.
He had been the Chairmanship/Membership of Committees such as Economic Advisory Council to the Prime Minister, Technical Experts Committee for the Introduction of State VAT in India, Expert Group on Taxation of Services, Expert Group Panchayat Raj, Tax Reforms Commission, Revenue Reforms Commission, State Finance Ministers’ Committee on Sales Tax Reform.
He has been actively involved as Consultant/adviser on public policy to various international bodies such as World bank , Asian development bank, UNDP, ESCAP-United Nations
Day 3 (22/11/2008)
Panel Discussion: Global Opportunities for Chartered Accountants
Chairman, Muscat Chapter Chairman, Nigeria Chapter Chairman, London Chapter Chairman, Toronto Chapter Chairman, New York Chapter Chairman, Abu Dhabi Chapter Chairman, Bahrain Chapter
Mr. N K Somani Chapter Chairman - Nigeria
He is the Managing Director and CEO, Dangote Sugar Refinery Plc Nigeria, the largest Sugar refinery of Africa. He was associated with Churchgate Group as Group Executive Director since 2002 till Feb, 2005. He was Managing Director of Auditek (India) Ltd. for 11 years, from 1990-2002 and Group General Manager with Churchgate group for 9 years, from 1980-89. He was Commercial executive with large textile mills of Birla Group for 5 years, from 75-80.
Mr. Somani is Fellow Chartered Accountant of the Institute of Chartered Accountants of India and also holds BSc. From Rajasthan University. Mr. Somani is the founder and Chairman of Nigeria Chapter of the ICAI. He is President and Executive member of various professional and Social organizations in Nigeria.
Surinder Kaul is the founder Chairman of ICAI UK Chapter which was opened in 2001.In a significant achievement, he was voted and elected to Central Council of Institute of Chartered Accountants in England & Wales in 2003 for a four year term.He is the first Asian member to be elected to the body in its 125 years history.He brought to ICAEW Council a diverse experience from practice and business both in the UK and India. He is also a qualified Chartered Secretary and member of Chartered Institute of Taxation and a university graduate
As a founder of the London Chapter of ICAI, he promotes dialogue between Accountancy profession in the UK and members of Chartered bodies in India. Pakistan,Bangladesh and Sri Lanka. He strongly believes that SAFA has important role to promote economic and financial integration of South Asian Region.
Surinder was born and brought up in Srinagar, Kashmir.He came to London in early sixties and qualified as Chartered Accountant with a national firm of CAs in London. After qualification he worked for several national and International firms of CAs. He was assigned to some of key audits of largest FTSE 150 companies quoted on London stock exchange.His career has also taken him to work for multinational companies at various senior levels.
He set up his own firm of Chartered Accountants in the 1990's which is predominately Consultanting and SME's in approach. He has also established a highly successful international business and consultancy in London.
Mr. Asger Khambati Chapter Chairman- Toronto
Asger Khambati is a founder member of the Toronto Chapter of the Institute of Chartered Accountants of India (ICAI). He is an alumni of Deloitte and Arthur Andersen and currently associated as a Senior Director, with a leading Canadian Financial Institution. Asger has over 26 years of extensive international experience in enterprise risk management, IT governance and control, security and compliance, implementation of leading ERP packages and project and portfolio management. Before migrating to Canada, Asger held senior level management positions with leading professional firm and a large gas liquefaction company. He is a Certified Information Systems Auditor (CISA) and Certified Internal Auditor (CAI) as well. He was also actively involved in incorporation of Jeddah and Abu Dhabi Chapters. He is a Treasurer and Board member of a large Canadian Charity.
Mr. Prakash Chand Mehta Chairman of the Abu Dhabi Chapter of the ICAI
Mr. Prakash Chand Mehta is the current Chairman of the Abu Dhabi Chapter since 2005. He has been associated with the chapter’s activities for last 13 years. The Abu Dhabi Chapter has achieved many milestones under his leadership. The Annual International Seminars are organized on a large scale with Bollywood singers Live in Concerts have earned a reputation to the CA Community and the Chapter. These are the premier and unforgettable events people are waiting for. During his Chairmanship ICAI has signed an MOU with local body CERT (on behalf of the UAE Government) for promoting CA profession and setting up Institute of Chartered Accountants of UAE. For last 2 years CA Exams are also being held in Abu Dhabi.
He is also associated with many other social organisation in various capacities. He is also Area Governor of the Area 23 in Division H of the Toastmasters International.
He has always been achiever and continued his academic career uninterruptedly with excellent track record.
Currently he is working with Union National Bank, a local bank currently managing IT Vendor Management and IT Internal Control functions as AVP & Manager in Abu Dhabi.
P. S. Balasubramanyam Chairman of the Bahrain Chapter of the ICAI
Mr. Balasubramanyam is a qualified Chartered Accountant (FCA) and also a member of the British Institute of Management, U.K. Mr. Balasubramanyam had held very senior positions in the Insurance Industry in the Middle East and Europe. He worked with the ACE Group of companies, the largest insurance intermediary in the Arab World for over 12 years. He later moved to UAE and worked for Inchcape as the Country Finance Manager. Here he was instrumental in establishing innovative inventory control mechanism and putting in place working capital controls. He subsequently established his own Audit & consultancy firm in Bahrain engaged in strategic planning, profitability studies, project evaluation, organizational review, IT planning, Business Process Reengineering, Project reports, design and development of staff incentive schemes etc. After 5 years of very successful operations as Managing Partner of the audit practice, Mr. Balasubramanyam floated a new Consulting Firm – Assure Consulting W.L.L.
Day 3 (22/11/2008)
Technical Session- X
Technical Session- X
Session Theme: Governance & Beyond Corporate Governance –Tool for Competitiveness Ramesh Chandak, MD, KEC International Corporate Governance: Enhancing Stakeholders Value P K Choudhary, Chief Executive Officer, Investment & Credit Rating Agency Ltd. Financial Innovation: Value Creation for Stakeholders B R Jaju, CFO, Crompton Greaves Ltd
Mr. Ramesh D. Chandak
Mr. Ramesh D. Chandak was appointed as a director of KEC International in December 2005 and as the Managing Director of the company with effect from January 2006 upto September 2010.
Mr. Chandak is a Chartered Accountant and secured a merit certificate in the final examination conducted by the Institute of Chartered Accountants of India in 1971. He has been associated with RPG Group for several years and has had an outstanding performance record. Mr. Chandak is also associated with the relevant industries and commercial bodies and is currently the chairman of the Transmission Line Division of the Confederation of Indian Industry (CII), Executive Council Member of IEEMA (Indian Electrical and Electronics Manufacturers Association), Executive Member of Maheshwari Vidya Pracharak Mandal, Pune and also Governing Body Member of the Vishwakarma Institute of Management, Pune. He has over 35 years of varied experience of working in India and overseas in Textile, Edible Oil and Engineering industries.
Mr. Pranab Kumar Choudhury is the Vice Chairman of ICRA Limited & CEO of the ICRA Group. He is also the Chairman of ICRA Online Ltd. and the Vice Chairman of the Manila based Association of Credit Rating Agencies in Asia (ACRAA). He is director of ICRA Management Consulting Services Ltd., ICRA Techno Analytics Ltd., Oil & Natural Gas Corporation Ltd., Neyveli Lignite Corporation Ltd., ONGC Videsh Ltd. and Peerless Securities Ltd.
Mr. Choudhury is M.Com. from The Calcutta University, Chartered Accountant from The Institute of Chartered Accountants of India, C.A.I.B. from The Institute of Bankers, London C.A.I.I.B. from the Indian Institute of Bankers and Diploma in Advanced Financial Management from the Maastricht School of Management, The Netherlands.
Before joining ICRA in 1991 as its CEO, he has worked in manufacturing industry, commercial banking, development banking and merchant banking for about 20 years.
Mr. Brijgopal R Jaju
Mr. BRIJGOPAL R JAJU is Chief Financial Officer since 2001 with Crompton Greaves Limited (CG), one among top world leading manufacturer of Electrical Equipments. The market capitalization of CG is presently approx. 11000 cr. (US$ 2.8 bln). Prior to joining CG in 2001, Mr Jaju has worked with large Corporate Houses like, Reliance, Wipro, VIP Group & Zee Network in senior management position in Corporate Office over 25 years.
Mr Jaju has significantly contributed, with partnering support to CEO, for achieving phenomenal financial and operational turnaround by taking innovative and pro-active actions, besides several Global M&A activities, which has led to enhancing the Shareholders’ wealth by over 120 times, in just seven years.
In recognition, Mr. Jaju has been conferred the unprecedented third time national coveted award Best Performing CFO Award ‘The Most Promising Entrant into the Big League’ in Dubai on November 25, 2006, sponsored by RAK Free Trade Zone UAE & CNBC TV 18. Prior to this, Mr Jaju was also the recipient of the most prestigious and illustrious national award “The India CFO of the year 2005 – Excellence in Finance in a Large Corporate and India’s Best CFO of the year 2003 – Business Transformation, both instituted by IMA, India. Mr. Jaju was earlier the recipient of India’s overall Wealth Maximisation Award from BSE, while serving as Global CFO and President (Finance) with Zee Network.
Mr. Jaju heads, besides Corporate Finance & Tax functions, other IT enabled growth & cost optimisation Corporate & Strategic drives – encompassing a wide spectrum of non-conventional finance functions such as M&A, IT/SAP, e-Sourcing,
E-Commerce and Corporate Communication.
Mr. Jaju was Chairperson of Finance & Tax Panel, CII, Maharashtra for three years (2004-2007) in succession and Member of Economic Affairs Panel CII, Maharashtra, CFO Forum CII (WR). Mr. Jaju is a special invitee for the CII-Western India Regional Council (2008-09) and Member-CII National Council on Corporate Governance 2008-09.
He has been honoured several times (over 100) for his significant contributions made as a Key Speaker and Chairperson for prestigious workshops, seminars and conventions, organized by National and International reputed bodies in India and overseas and has travelled extensively to several countries.
Mr Jaju is a Bachelor of Commerce, and is a Fellow member of the Institute of Chartered Accountants (FCA with All India Rank Holder) and Institute of Company Secretaries (FCS) and also holds a Law Degree (LL.B) from the University of Mumbai.
Interestingly, Mr. Jaju is a par excellence magician and has demonstrated his breath-holding magical performance to an audience of over 7000 in January 2005 as well as at several other occasions. He runs a medical clinic since 1992 free of cost to serve downtrodden society on humanitarian considerations.
Day 3 (22/11/2008)
Panel Discussion: Stakeholder Promotion in growing equity cult era
Panelist Prithvi Haldea Gul Tekchandani S P Tulsian
Mr. Prithvi Haldea
Mr. Prithvi Haldea did his MBA from BITS, Pilani in 1971. Over the next 18 years, he worked at senior corporate positions in the areas of exports, consulting and advertising, and as a consultant with The World Bank. In 1989, he set up PRIME, which is still India’s only database on the primary capital market. PRIME, which covers in-depth data and analysis of all fund raisings by Indian corporates, both in India and abroad through equity or debt, has a large subscriber base and is widely reported by the media.
Mr. Haldea is presently a member, among others, of Primary Market Advisory Committee of SEBI, SEBI Committee on Disclosures & Accounting Standards, Listing Committees of NSE and BSE and Index Committee of BSE. He is also a Trustee of NPS Trust of Pension Fund Regulatory & Development Authority. Mr. Haldea is also the Co-Chairman of ASSOCHAM’s Capital Market Committee and member of CII’s National Committee on Capital Markets. Earlier, he has served, among others, Finance Minister’s High Level Expert Committee on Corporate Bonds and several SEBI and other committees.
As an investor protection activist, Mr. Haldea regularly raises issues with regulators and in the media. He has also launched four unique websites:
www.iepf.gov.in, developed free of charge for Investor Education & Protection Fund of Ministry of Corporate Affairs ,for spreading financial literacy
Mr. Gul Teckchandani
Mr. Gul Teckchandani, a Chartered Accountant and lawyer, has over two decades of experience in the Indian equity markets.
He has an extensive knowledge of the Indian corporates, based on continual tracking of corporate and industry performances as well as close interface with the managements on an on-going basis. Apart from the businesses per se, he has acquired a fine appreciation of the macro environment, for its direct as well as tangential impact on industry sectors. In addition he has a keen understanding of the governmental and regulatory environments, particularly in respect of the capital markets.
Gul Teckchandani joined the mutual fund industry in the early 1990s Vice President, INFRASTRUCTURE LEASING AND FINANCIAL SERVICES (IL&FS) in the Securities Management Group, jointly managing the Oppenheimer Fund, listed on the NYSE, and the IL&FS proprietory portfolio. He also assisted in structuring and raising the fund.
Subsequently he joined Sun F&C Asset Management (India) Pvt. Ltd. as Chief Investment Officer. Assigned the responsibility of creating an entire new asset management company, with various schemes targeted at various groups among the investing public, structuring an organization, setting policies and procedures in place. He also managed the India Performance Fund, a hedge fund raised by Alpha Asset Management, New York, which was Bermuda domiciled and pass through Mauritius structure, which was amongst the top three India funds.
The firm was also investment adviser to FCEM’s INDICO fund; and the Global Emerging Market Funds of F&C.
Gul Teckchandani is amongst the leading investment professionals in the country today, and is respected as much for his wealth of experience as for his complete independence from corporates, financial institutions and broking intermediaries alike.
Mr. Gul Teckchandani’s name is familiar to the investing public through press and audio-visual media. His views and comments are sought, not just on the stock markets, but also on the macro economic scenarios, the political environment and its fall out on industry and businesses, and much more.
Mr. S P Tulsian
A well recognized name in the investing fraternity, Mr.S P Tulsian is armed with academics and an astute sense of logic, making him a much sought after fundamental analyst on the various business channels and newspapers. A commerce and a law graduate, Mr.Tulsian is a Chartered Accountant and also a Company Secretary.
Investing and advising into the stock market is his passion, a way of life for the past 33 years. He started a hugely popular and respected weekly tabloid, Premium Investments as its Editor and Publisher and realized his panache for giving frank and forthright advice on investments. Protecting investor interest and giving truthful advice, irrespective of the consequences was where his calling was.
Donning the cap of CEO and Editor, he now runs his own investment advice portal.
Mr.Tulsian is often seen on prominent business televisions channels. His quotes also appear in most of the leading financial newspapers in India.
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