Pune: The Pune Branch of the Institute of Chartered Accountants of India (ICAI) is set to organise a Maharashtra Cooperative Convention in the city on November 18 and 19 to discuss and deliberate on practical issues with regard to the process of formation of cooperative societies, annual legal compliances, opportunities and responsibilities of auditors in cooperatives and taxation of cooperatives.
Officials said that over the years, cooperatives have striven hard to build a better world by advancing sustainable development and social integration. "The principle of cooperation is part and parcel of Indian culture. In a country like India, which is the world’s largest democracy, cooperatives play a significant role as it is a very important sector of the economy and has great potential to grow. On this backdrop, the Committee for Co-operatives and NPO Sectors (CCONPO) of ICAI is organising the two-day-long Maharashtra Cooperative Convention," they stated.
Addressing the media in the city on Wednesday, Chairperson of ICAI, Pune Branch, Rekha Dhamankar said, "The convention would be a unique and knowledge enhancing programme, whereby deliberations on practical issues in the cooperative field and also on the contemporary key developments in the form of GST and insolvency and bankruptcy code would take place. It would give first in hand experience to hear the eminent speakers and will also offer an opportunity to interact with them," she stated.
Officials from ICAI stated that the likely expert speakers include Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra and several CAs from across the state. "The expert speakers will shed light on topics such as issues in formation of society in Maharashtra, Effects on GST on Housing Societies, Real Estate and Banking sectors, Stamp Duty and RERA, Taxation of Cooperatives, case studies revolving around frauds in Cooperatives with respect to Responsibility of Chartered Accountants and others," they stated.
They stated that over 600 CAs from Pune, Mumbai, Nashik and other major cities in Maharashtra and Goa are set to attend the two-day convention.