Students Magazine-July FCA

THE FCAJULY2020 FUTURE CHARTERED ACCOUNTANT MOVING BEYOND THE BACK OFFICE A THANE wICASA iNITIATIVE

Connect with us on instagram @icai_wicasa_thane Subscribe to youtube channel of Thane WICASA To get your Articles and Achievements featured in this E-Newsletter. Kindly write to us @ [email protected] or contact us @ 9372798476 2

CONTENTS Particulars Page no WICASA Chairman’s Address ................................................................................... 4 Editorial ......................................................................................................................... 5 The CA Story................................................................................................................. 6 Cryptocurrency ............................................................................................................. 9 GST Due Dates & Late Fees ........................................................................................... 12 Mistakes to Avoid in the Stock Market ..................................................................... 15 Mind Escape .................................................................................................................. 17 Recent Events ................................................................................................................. 18 Comics ............................................................................................................................ 21 Chief Editor: CA Rahul Gharat Co-editors: Sayli Kambli Sedrina D’silva Creative Head: Anirudh Parthasarathy, ACCA Special thanks: CA Pratiksha Shenoy 3

FROM THE CHAIRMAN’S DESK Dear FCAs, At the beginning of this month, we celebrated the 72nd Chartered Accountants Day virtually in style. It started at 8:00 am IST on Zoom, with the warm wishes and words of wisdom by our beloved Vice President of ICAI, CA Nihar Jambusaria followed by the final round of our Elocution competition - “Talking Titans” which is the Spontaneous round (Shoot the Arrow in Dark). A lucky student got a chance to participate in this competition directly in the final round as a wild card entrant. The wild card participant was selected through a pick of chits containing the names of interested participants. Everyone enjoyed the event. CA Shekhar Kulkarni, CA Kamlesh Saboo, and CA Suyog Narvekar declared the Top 3 Titans of this competition based on the results of Audience Polls and by judging the participants on the grounds of patience and confidence along with their ability to apply technical knowledge. The following winners were awarded cash prizes: 1. Juili Bam won Rs.10,000 announced by CA Lalit Bajaj (Chairman - WIRC). 2. Ektha won Rs.3,000 announced by CA Murtuza Kachwala (Secretary - WIRC). 3. Injila Pathan won Rs.2,000 announced by CA Priti Savla (Past Chairperson - WIRC). 4. Jay Mange won Surprise cash prize of Rs.1000 announced by CA Hitesh Pomal (Chairman - WICASA of WIRC). You can still watch the entire event on our YouTube Channel - Thane WICASA and subscribe to the channel so that you are notified to watch our programs posted on YouTube. Public communication and your soft skills are very vital for your development. Necessary programs are conducted to help im- bibe professionalism and develop your personality. The program of Talking Titans and its Spontaneous round - Shoot the Arrow in Dark (conducted on 72nd CA Day) taught us various parameters on which we must work upon to improve and upgrade our- selves. “You don’t need to be great to start, but you have to start to become great”. Don’t wait and tune into our YouTube channel of Thane WICASA to watch this entire event and learn how to improve our public speaking from our judges and participants. Though May’20 examinations (earlier postponed to July’20) are now cancelled and merged with Nov’20 examination but this does not mean that you will enjoy your vacations. This extended time will add you with more responsibility for office work and preparation of the other group if you were earlier planning to appear for a single group in May’20 examination. Do not forget, “Trying is better than crying later”. Meanwhile, you start preparing for Nov’20 examination, do take out some time for a little relaxation and focus on your hobbies. This will help to keep your mind balanced and stress-free. Though we have not cancelled the crash course, we have postponed it as we want the students to have a short break for their peace of mind. You can connect with us for details related to our upcoming events and queries, if any pertaining to CA Course on our below E-mail IDs: 1. [email protected] 2. [email protected] Remember, we are always there for you! So, be in touch with team Thane WICASA! CA Rahul Gharat Thane WICASA Chairman 4

FROM THE EDITORS’ DESK Dear FCAs, Here we are in another month and yet in the same situation as we were in April. We had just experi- enced a new update in the situation which was Unlock 1.0. But due to the increasing cases of corona- virus, we have again come back to the lockdown phase. Once upon a time, where we had been excited that we had to stay at home but now we have been dying to go out to feel free as we once did and in- teract with people face to face something other than through video calls. How the tables have turned, haven’t they? Instead of another Sunday, we now wish for a boring Mon- day. According to the latest news, the coronavirus cases have increased tremendously and now at least 20,000 cases are reported in a day, as against 200 then back in March. This has led to lockdown yet again but with a few relief measures as given by the State Governments. In this situation, we can’t express enough thanks to all the health workers who are risking their lives to fight the outbreak of the COVID-19 pandemic and bring the situation under control. In conclusion, as the May’20 examination which was postponed to July’20 has now been cancelled and will be merged with the Nov ‘20 attempt, any queries or questions regarding the same can be referred to the Institute’s website (www.icai.org) wherein FAQs (Frequently Asked Questions) regarding the cancellation of May’20 examination have been addressed by the Institute. On behalf of the entire Thane WICASA Team, we hope that you are safe and careful in this situation and do remember that we are always here for you. Till then and yet again - Stay Home, Stay Safe! EDITORIAL BOARD Sedrina D’silva Sayli Kambli WRO0656325 WRO0599023 5

THE CA STORY • Hi! I am Rishi Doshi, a Chartered Accountant and a Chartered Financial Analyst. I work with KPMG and special- ize in Financial Fraud Investigations. • Day by day, the COVID-19 pandemic conquered more and more countries with such momentum that it left me in anxiety as to what is happening to the world. • At that moment, it dawned upon me of ‘How’ grateful I should be for being equipped with all the facilities in the comfort of my home! • I imagined if I was a medical professional I could have contributed in some way or the other however being a fi- nance professional, meant little to no scope for me to help on the frontline…but I was completely wrong! • On the 24th April, I joined the COVID-19 War-Room team at Brihanmumbai Municipal Corporation (RS Ward) helping them in data management and reporting!’ • Here’s my story. * Desire to help – Think of what you can do, rather than what you cannot do: With the increasing impact of COVID-19 pandemic, conquering more and more countries with such mo- mentum I was anxious as to what is happening to the world. It was agonizing to learn that every day the death rates were increasing, people were losing their jobs, lives and mental peace! Imagining the burdens of stranded migrants and people living in slums, it’s a bliss to have the ability and resources of necessities getting delivered to your door-step. It made me feel grateful for whatever I had! This also arose a genuine desire to provide my support in some manner to manage this crisis…but the big question was ‘How’? I imagined if I was a medical professional, I could have contributed in some way or the other however h a CA and CFA, meant little to no scope for me to help on the frontline. And hence, like the majority of us – volunteering was another wishful thought! * Opportunity to contribute – Manage Patients Data! Serendipity struck while browsing across social networking websites I noticed a tweet from Mr. Uddhav Thackeray (#CovidYoddha). He was inviting volunteers to assist the Maharashtra Government in their efforts to manage public health! 6

I clicked on the application form and as expected, I saw the requirements were primarily for Medical Profession- als, Tech experts and Public health administration professionals! Luckily there was one category which read as ‘Other’ volunteers. I spent a few minutes introspecting how can I help as a Chartered Accountant? And then I realized that my extensive experience (7 years consulting with a Big Four) of project management, data management, working at top speed under high-pressure situations and qualitative reporting can be helpful to them in these pressing times. I added it to my application and hit send! I was not very hopeful of getting a call back after all, who thinks a CA would be needed on the frontline, but I was wrong! After a few days, the COVID management team reached out to me saying that ‘the local ward government admin- istrative office needs my help for data management and reporting!’ For some time, I was unable to decide whether this was a genuine call or just another scam call, occupational hazard of being a fraud investigator! After analysing and conducting some checks, I realized it was a genuine call and I immediately joined the War- Room team at Brihanmumbai Municipal Corporation (RS Ward). I was very overwhelmed to have received this opportunity and my excitement level had reached the zenith! * My journey in the COVID -19 war room: “I cannot do all the good that the world needs. But the world needs all the good that I can do.” I started working with them on 24 April 2020 and continue to do so every day to date. The war-room team com- prised of our frontline commandos that were Doctors, Nurses, Senior public health administration staff, travel and logistics support members, and other members of the BMC staff. The War-Room team is responsible for appropriate management of Covid-19 positive cases, contact tracing, con- tainment and quarantine, running large scale screening tests in suspected areas, quarantine centre capacity and facility management, test kits requisitions amongst others. Day One: I was introduced to the work I would be doing. I was asked to confirm if I would be available for a few days to ensure continuity of resources and plan the further course of action! My responsibility was to bring order to the disorder! I had to put together unstructured data that we received from various places in a format that we could put to use and report the numbers to the BMC HQ on a daily basis. I immediately said a ‘Yes’ and without further ado, I applied for personal leave from my employer to give my full support to this initiative. After all, this was my opportunity to give back to the community in some form! In a couple of days, I was hooked and working on massive data of patients, contact tracing, capacity utilization of quarantine centers and others. I was fully aware of what was at stake, any gaps in my work would lead to a pos- sibility of a patient not being tested or detected at the right time or may lead to inadequate capacity utilization at quarantine centers! It was a stressful but fulfilling and enriching experience. The silver lining in the toil was when the personnel heading our War-Room was appreciated by the Chief Minis- ter’s office…for the quality and speed of information put through by the ward! 7

The experience of being associated for a long time with a ‘Big 4’ helped me here in a big way – Right from the technical skills of MS Excel, Share-point and understanding the nuances of converting unstructured data to structured data to the macro-level understanding for the usefulness of data gathered for planning, foreseeing challenges and ability to deliver quality output in desired timelines! It was here that I realised that even as finance professionals we can do so much * Lessons Learnt in the COVID-19 War room: This was my first time inside public administration. I saw first-hand the real functioning, the challenges they face – lack of updated technology, restriction in the use of aircon’s to save costs, amongst others! • I learnt the nuances of public administration. • I learnt how critically the employees in public administration need support both technological and from an infra- structure perspective. • Crisis makes us adapt, learn and grow. Some of the staff were Civil or Electrical engineers but were working in public health support. • Amidst this chaos, I conversed with a lot of members of the war-room and realized how empathetic they were of the people’s problems. • The biggest learning is – how they are able to surpass all the challenges with their ‘desire and attitude’ to help the nation. * Wrapping Up… Families of the staff members were apprehensive about them going to work every day…but these ‘Warriors’ (in the true form) did not budge and were at it relentlessly and tirelessly. To add to their challenges, the government ordered a freeze on Dearness allowance (DA) for its staff – DA is an allowance paid to government staff to mitigate the impact of inflation. With all these on their minds, I will never forget a statement by a war-room member – “Hum nahi karenge toh kaun karega” (Translated – If we don’t do it, then who will?) I think we as CAs or whichever profession we are into, it is imperative to understand our duties as a citizen and give back to society in every manner possible… funds are getting donated across the world, but to use these funds people and skills are needed! Chantelle Pereira (the founder of TheCAStory.com) - is an enthusiastic interviewer who actively connects with Chartered Accountants and other professionals from all across the globe. She thoroughly believes in drawing inspiration from the real-life situations of such successful professionals and bringing them to you all - the FCAs! You can reach out to Ms. Chantelle Pereira at [email protected] 8

TECHLNet’s tOalkLOGY CRYPTOCURRENCY - BOON OR BANE What is Cryptocurrency? A Cryptocurrency is a digital currency that has been developed and managed through cryptog- raphy. Cryptocurrency, together with the Blockchain technology, has attained great heights in the last few years. Cryptocurrency made the jump from being an academic idea to virtual reality with the development of Bitcoin in 2009. Bitcoin is the first cryptocurrency that came to public notice in 2009. Following this, many other cryptocurrencies such as Ethereum, Ripple, Litecoin, Cardano exist in the market. Cryptocurren- cy can be exchanged for other currencies, products, and services. How does a Crypto Currency work? • Cryptocurrencies are Speculative: The technology behind Crypto functioning is Block- Although cryptocurrencies may seem like an extraor- chain. A Blockchain is a public digital ledger that dinary investment opportunity, the greatest concern keeps records of all Bitcoin transactions. These data before entering this unstable market experts have units or blocks use cryptographic validation to link claimed is that cryptocurrencies are speculative in the themselves together. The entire network is used to marketplace. It relies on market forces, which can be monitor and verify the creation of native tokens a big risk for certain investors. through mining, and the transfer of tokens or coins • No Protection against Investment: between users. Investing resources in a global cryptocurrency can be Features of Cryptocurrency: a two-edged sword. From one point of view, investors • Cryptocurrency makes Transactions Quicker: can make consistent transfers and can protect them- Investing resources into bonds or equities can make selves from huge fees. However, there is no protection it difficult to access the funds when there is a need. from national security or government banking regu- With cryptocurrencies, individuals can transfer mon- lations. ey quickly across borders (cross-border transactions) • Cryptocurrencies and Blockchain offer Streamlined to any person. Payment Options: Cryptocurrencies encourage direct transfer, by- passing the third party that frequently charges for 9

Continuing the bright side of the scheme, RBI has complex which prevents the duplication and creation rehandling payments from the bank, PayPal, Master- of fake currency. Card or another payment technique. For entrepre- Risks of Cryptocurrencies: neurs, cryptocurrency can offer streamlined payment options to sellers and supply chain associates. Advantages of Cryptocurrencies: • There is a danger of hacking attacks, including the • Digital Currencies have no regulatory authority yet installation of malware on the PCs and smartphones are managed by all network members. As a decentral- of ordinary clients. Moreover, potential hacks could ized currency, Cryptocurrencies cannot be manipu- incorporate viruses, phishing, ransomware, or link lated by governments and central authorities of any replacement. Some of the major cyber-attacks hap- country. Also, because of its decentralized nature, it pen regularly, fundamentally against cryptocurrency is inflation averse. wallets with especially large sums or crypto exchange • Cryptocurrencies are created, processed, and trans- accounts. ferred without the help of intermediaries, which in- • The model of free decentralization of Cryptocurren- cludes banks or other financial institutions. The fee cy gave rise to unpleasant outcomes, which includes for crypto transactions is relatively low as compared the difficulty of demonstrating the fact that crypto- to other digital transactions such as credit cards and currency assets have been stolen, because of the ab- other modes. sence of legal regulations. • Digital currencies are open-source, and their source • With the government of different countries having code is known to the whole world. A person can only different attitudes towards considering cryptocurren- know the addresses of crypto on which the payment cy as a legal tender, people unaware of its mechanism has been sent or received but to whom these address- consider it to be a risky investment. es belong cannot be identified. This anonymity fea- • There have been various cases of closure of crypto ture offers security against fraud and identity theft. exchanges and bankruptcy in the early history of the • Digital currencies encourage financial integration digital currency market. A recent report verified that while giving a reduction in costs for international during the most recent years, the closure of crypto and local transactions. Quick P2P transfers without exchanges reached 48 %. fee or minimum charges are presently available to ev- • When a crypto exchange goes bankrupt and closes, erybody. clients do not get an opportunity to recover the assets • Due to the dramatic rise in the popularity of cryp- from their accounts, and there is nothing that can be tocurrencies among the masses, it is gaining wide ac- done. There is no legal authority or law to appeal. ceptance as a payment method. • The anonymous nature of crypto transactions at- • Cryptocurrencies have the potential for global scal- tracts its usage for illegal and illicit activities such as ability. In several countries, Bitcoin and different tax evasion, weapons procurement, gambling, etc. coins are as of now acknowledged along with fiat cash • Crypto transactions are irreversible. Funds sent to at terminals and stores. Moreover, the number of or- a wrong address cannot be traced back and result ganizations with a “cryptocurrencies acknowledged in loss of all the transferred money. Even if the stor- here” sign is constantly developing. age device in which cryptocurrencies are stored gets • Besides, digital currencies have a giant potential for damaged or lost, the lost Bitcoins cannot be recov- development. The inflow of investment into the sec- ered by any means. ond half of 2017 gave way for a maximum increase in • Further, the volatility of the market, to some degree, the value of cryptocurrencies. has an impact on manipulative news stories and sig- • Digital currency features enhanced transaction by nificant digital money owners who play with the costs using blockchain technology and cryptography to of cryptocurrencies. make a private and secure environment. Exchanges, • Digital money could change the current econom- transfers, and different activities can be performed if ic situation. A highly volatile nature and huge price the agreement is reached among all hubs in the net- change over a short period of cryptocurrency pose a work. serious question to consider it as a future currency. • The mechanism behind crypto generation is highly • However, the existing blockchain platforms are re- stricted by the limits of their environments. Besides, 10

they do not associate with one another, consequently Bitcoins (Cryptocurrency). losing the potential for global adaptability. Having said that, Indian Cryptocurrency start-ups, Latest Update: investors, and developers are looking forward to the On 4th March 2020, The Supreme Court of India Cryptocurrency as a gateway to the future market. quashed the ban levied by the RBI on the trading of Currently, Bitcoins happen to be the most popular the cryptocurrency in India. This decision overruled Internet of Money. the ban imposed by RBI in 2018 on virtual curren- cies like Bitcoins. The ban aimed to safeguard the country’s financial system from the private virtual currencies, which are deemed illegal by the govern- ment. It would be a welcome move for cryptocur- rencies, blockchain technology and exchanges across the country, though the future of the cryptocurren- cies still seems to be shrouded in the mist because of legislative uncertainty. India’s Crypto regulatory framework: Cryptocurrency enthusiasts all over the world have - Siddhartha been eagerly waiting to see what India will do about SRO0475755 cryptocurrency. The Indian government has been sitting on a draft bill that seeks to categorically ban cryptocurrencies, except state-issued ones, since Feb- ruary last year. The “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019” was drafted by an Inter-Ministerial Committee (IMC) tasked with studying all aspects of cryptocurrency and providing recommendations for India’s crypto policy. The bill also provides for the RBI to issue a Central Bank Digital Currency. The RBI has already been looking into this area as revealed by the RBI Gov- ernor in December 2019. He added, “As and when the technology evolves with adequate safeguards, I think it is an area where the Reserve Bank will certainly look at it seriously at an appropriate time”. Conclusion: Technology brings solutions but hardly succeeds in driving the market. While some economists believe “Bitcoin is evil,” some others believe the quite oppo- site, leaving investors in a confusion. The making of global laws and regulations is still under process for the “Cryptocurrency or the Internet of Money”, with regards to the treatment of Bitcoins by the investors. It should be kept grounded and simpler since Bitcoins, as of now, in every country are treated as foreign cur- rency notes. Currently, neither the developers nor the authorities could assure 100% legitimacy of the 11

INDIRECLTet’s tTalkAXATION GST DUE DATES & LATE FEES FOR FILLING FORM GSTR-3B AND FORM GSTR-1 Owing to the COVID-19 pandemic and the challenges faced by taxpayers, the Central Board of Indi- rect Taxes and Customs (CBIC) has extended the dates for filing GST Returns vide Notification No. 57/2020-Central Tax Dated: 30/06/2020. Note: #If GSTR-3Bis not filed on or before the last dates as specified above, then interest at 18% p.a. will be applica- ble from the next day after the specified last date until the actual date of filing in addition to the interest that will be charged in a staggered manner, if any as stated above. Late fees at Rs. 50/- (in case of Nil Return, late fees at Rs. 20/-) per day will be applicable from the last date until the actual date of filing. *For returns pertaining totax periods May’20 to Jul’20, late fees shall be subject to a maximum of Rs. 500/- (CGST - Rs.250 & SGST – Rs.250) per return provided the return is filed on or before 30th September 2020. In a case where the return filed on or before 30th September 2020 is a Nil Return, the late fees shall be waived completely. 12

Category I: Applicable for states of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tam- il Nadu, Telangana and Andhra Pradesh, and the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep. Note: #If GSTR-3B (for tax periods Feb’20 to Jul’20) is not filed on or before 30th September 2020, then interest at 18% p.a. will be applicable from the next day after 30th September 2020 until the actual date of filing in addition to the interest at 9% p.a. that will be charged in a staggered manner as stated above. Late fees at Rs. 50/- (in case of Nil Return, late fees at Rs. 20/-) per day will be applicable from the last date until the actual date of filing. *Late fees shall be subject to a maximum of Rs. 500/- (CGST - Rs.250 & SGST – Rs.250) per return provided the return is filed on or before 30th September 2020. In a case where the return filed on or before 30th September 2020 is a Nil Return, the late fees shall be waived completely. Category II: Applicable for states of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sik- kim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha, and the Union territories of Jammu &Kashmir, Ladakh, Chandigarh and Delhi. Note: : #If GSTR-3B (for tax periods Feb’20 to Jul’20) is not filed on or before 30th September 2020, then interest at 18% p.a. will be applicable from the next day after 30th September 2020 until the actual date of filing in addition to the interest at 9% p.a. that will be charged in a staggered manner as stated above. Late fees at Rs. 50/- (in case of Nil Return, late fees at Rs. 20/-) per day will be applicable from the last date until the actual date of filing. *Late fees shall be subject to a maximum of Rs. 500/- (CGST - Rs.250 & SGST – Rs.250) per return provided the return is filed on or before 30th September 2020. In a case where the return filed on or before 30th September 2020 is a Nil Return, the late fees shall be waived completely. 13

Note: : If GSTR-1 is not filed until the due dates specified in column E above, late fees at Rs. 50/- (In case of Nil Return, Rs. 20/-) per day will be applicable from the next day after the due date. Mohit Ganatra WRO0581682 Kiran Nandu & Co 14

Let’s talk FINANCE FINANCE: MISTAKES TO AVOID IN THE STOCK MARKET When was the last time you did a mistake? Maybe 1 year back or today just 2 minutes ago. But let me tell you when you stopped to read this article it made me sure 2 things about you; a. Either you are a stock market enthusiast; or b. You have made some mistakes already in the stock market. But not to worry buddy! When we try to do something new, mistakes often happen. Everyone makes mistakes but what’s more essential is to learn from those mistakes and not to repeat it. I have been observing the stock market from the past 7 to 8 months and during this span, I have earned some profits while incurred losses as well. I have been through several emotions. I was even bank- rupt because of the ignorance of personal finance. Hopefully, the curiosity to learn and try new things never died and this curiosity led me to write this article for you. Since I’m a person with humanity, I don’t want my friends to go through the same phase as mine. So, this article is specif- ically meant for those people who are either a trader or an investor or would love to be the one. The following points must be taken care of before However, one can choose to refrain as these entering the stock market: are my personal views and purely subjective. 1. Try not to leverage According to me, the saying “The bigger the risk, the 2. Do not trade based on the tips offered through greater the reward” is bookish and not generally prac- Telegram/ WhatsApp/ SMS/ Calls, even if they are a tical in all its sense when it comes to the stock market. part of paid services. This is because the traders tend to bear 100% 3. Trade with your own money instead of borrowing. risk of their capital based on the above concept 4. Do not trade with emotion. and in turn if the market does not perform as 5. Learn to manage the risk. per their judgment, they end up not only suffer- 6. Strictly do not indulge in overtrading ing huge losses but also lose their entire capital. 7. Do not Gamble. * When will the risk be higher in the stock market? 8. Learn before you earn. The answer is it will be higher when the Here are some of my views that changed over a while. probability of the market to not move as 15

per our judgment is high. But then why should one enter that trade? Isn’t it better to not trade in that case? One shouldn’t enter that trade but still many illiterate traders enter it thinking Higher the risk, higher will be the reward. Every Professional Trader and Institution try to keep their risk-reward ratio low i.e., “Higher the reward, lower will be their risk.” Also, this concept sounds ap- propriate. Illiterate traders or investors need to understand that “Higher the risk, higher will be the reward” concept is applicable only while comparing the stock market with other risk-free markets that fetch lower returns due to low risk. The stock market does indeed earn a higher return for its associated risk when compared with other markets that fetch low returns due to the lower risk associat- ed. But if an individual undertakes a trade or invests in the stock market blindly, thinking that it will fetch higher returns just because he/she is taking a high risk, then please note this is a pure gamble. To succeed in the stock market, an individual should never forget the two rules: Rule 1 - Never lose your capital Rule 2 - Never forget the first rule Ohh!!If you are still here, then that’s amazing because I’m sure you must have gained something out of this article. I hope this article finds you and your family in good health. Thank you for reading this. Sanjana Dubey WRO0611864 Chaturvedi and Shah LLP 16

MIND ESCAPE AMENDS A slippery slope, Forgot to hold it tight, It was my mistake, Hope I could make it right. Trusted with things, Blinded by faith, Still carried pain in the chest, But always hoped for the best. Thoughts were multiple, Memories were clear, Vision had become blurry, A path where lost my peers. Hands are shaking, Mind racing to the end, Heartbroken and tears shed, But didn’t make any amends. A burdened soul, an injured body, Fatigue mind and life’s too shabby, Time to take responsibility for the mess, But understand when I say: Hold tight to those you have, Finding unconditional love is hard, Because they’ll always have your back Aniket Devadiga WRO0634456 PKF Sridhar & Santhanam LLP 17

RECENT EVENTS TALKING TITANS THE CHARTERED TALKS 18

UNTANGLING THE FUTURE: A ROAD AHEAD 19

COMIC STRIPS 20