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July 2022

Dear Professional Colleagues,

July1, 1949. A historic day for the Accountancy profession in India. The Chartered Accountancy Act, 1949, described as an Act to make provision for the regulation of profession of Accountants came into effect. The faith that the legislators showed in our profession decades back, has, in return paid rich dividends to the country ever since.

It would be appropriate and justifying to remember Shri. G.P. Kapadia, the first and founder President of our institution, who being a great visionary, gave a very distinct shape to the scope of our profession.

On 11th August, 1951, Shri Kapadia had said at the second Annual Meeting of the ICAI Council: ...the Institute is a new one and it will take time to build up its traditions and I am sure that in course of time the Institute will have the best of traditions of which the profession and the country will be proud of. The assistance of the members of the profession as also the Government and public is necessary in building up the Institute and I am sure that this be had in the fullest measure. His idea and vision to touch heights is still alive in our hearts and we have been striving tough to realise his dreams

In July month we had celebrated CA day in in a very grand manner. We had series of programs on the occasion CA day. We distributed educational material to students of Asha Nilaya, Udupi, Conducted Blood donation camp in KMC, Manipal, Walkathon and ICAI flag hosting program, we have visited Spandana Vocational Rehabilitation center, Uppoor and had lunch with differently abled students and had a cultural evening with CA’s and their family members.

In August month we are planning to have CPE programme on FEMA, Seminar on latest amendments in GST and also Tax Audit seminar.

History is valuable. Let us preserve its glory. Tradition has to be celebrated progressively and correctively. Let us take care of our present, as tomorrow this will be history too.

Happy reading


With warm regards


CA Lokesh Shetty


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