Page 6 - Newsletter-August-2018

Newsletter The Institute of Chartered Accountants of Pakistan objective of this session was to address the various FBR officials. FBR officials also introduced resource queries being raised by members from industry and persons at FBR who would respond immediately to practice. Federal Board of Revenue (FBR) officials any specific problems faced by members in filing opened the session by welcoming ICAP members. of these declarations and also in process of making Commissioner Inland Revenue highlighted in detail payments to exchequer. Chairman NRC thanked the the Tax Amnesty Scheme which was followed by FBR officials for holding this special session which a comprehensive Q&A session. Members were would go a long way in given clarity to members satisfied with the explanations and details shared by about debatable aspects of this scheme. Seminar on Companies Act 2017, Multan he Institute of Chartered Accountants of Pakistan Companies Act 2017 regarding incorporation, name, T (ICAP) Northern Regional Committee (NRC) memorandum/articles of association, meetings, organised a seminar on Companies Act 2017 on resolutions, various schedules, etc. He also shared June 25, 2018 at a local hotel in Multan. The aim of highlights of Company Incorporation Regulations the seminar was to educate members on the newly and Intermediaries Registration Regulations with the enacted law of Companies Act 2017. ICAP members audience. Muhammad Awais also explained the new and students attended the event and gained concept of Global Register of Beneficial Ownership valuable insight from subject experts and seasoned and Related Parties. He replied in detail the various professionals. questions raised by members. The second speaker was Iftikhar Taj Mian, Council member ICAP and Javed Anjum, chairman Continuing Professional governance expert on new provisions relating to Development (CPD) Committee Multan, welcomed corporate cases and changes in respect of directors the speakers and participants and explained the introduced through Companies Act 2017. His detailed importance of the newly enacted law. He thanked the presentation covered various aspects of Companies Securities & Exchange Commission of Pakistan (SECP) Act 2017 related to company directors and new for participation and hoped that ICAP would continue methodology enacted to solve Companies Act cases to support SECP in its endeavours for corporatisation through establishment of a permanent corporate in the country. Muhammad Awais, Council member bench and electronic mode of summons. He also shed and partner EY Ford Rhodes, was the first speaker of light on election of directors, fixation of number of the event. He spoke at length on changes brought in directors, qualification, disqualification of directors, 6 August 2018