CHAIRMAN’S MESSAGE Dear Members, THE JOURNEY IS THE REWARD – STEVE JOBS My heart is full of deep gratitude and I am thankful to each one of you for giving me the opportunity to serve the Dubai Chapter of ICAI. My journey with the Chapter started several years back as an Executive Committee Member, then as a Secretary, Vice Chairman and now as the Chairman. I feel proud to say that ICAI (Dubai) Chapter has made tremendous progress because of the collective hard work of our members and visionary leaders year after year. This year also ICAI (Dubai) Chapter won the Best Overseas Chapter Award for the 5th consecutive year from the parent body ICAI. My tenure which began on 30 <strong>Sep</strong>tember <strong>2017</strong> will conclude officially on 29 <strong>Sep</strong>tember 20<strong>18</strong>. This one year journey has been a wonderful experience for me and for my dedicated team of Office Bearers and Executive Committee Members. Our focus was to continue with the good work done by the past Chairmen and committees and keep on upgrading and lead Dubai Chapter to meet new challenges which we are facing in our professional field almost every day. We have left no stone unturned to meet your expectations and aspirations. I only wish to say one thing – A BIG THANK YOU – for allowing me to contribute to our wonderful and prestigious ICAI (Dubai) Chapter. UAE has implemented Value Added Tax (VAT) this year and our chapter has played a significant role in spreading the knowledge of VAT Law. Due to the efforts of our chapter, our parent body, ICAI has launched VAT Certification Course for the UAE. This is the first time a certification course is launched outside India. Our chapter organized first of its kind VAT Clinics not only in Dubai but also in other emirates like Sharjah, Ras Al Khaimah and Ajman. We also organized a VAT Clinic at the Indian Consulate and at the Khaleej Times Office. We conducted Online VAT Quiz, VAT Zero Hours, VAT Roundtable Conference, VAT Open Day, VAT Open World. Our chapter has received tremendous coverage from media. Number of TV Channels either partnered with us or covered our events which includes Times Now, CNBC Network <strong>18</strong>, Zee TV, Zee Cinema, India TV, Republic TV. Not only the English but also Arabic, Malayalam, Tamil, Telugu and Hindi Newspapers covered our events extensively. Our Chapter has taken many new initiatives which include, ICAI (Dubai) Chapter Radio “News You Can Use”, Online Credit Card Payment, Online Quiz, Knowledge Based Games, Using Robot as a Part Speaker, Residential Study Camp, etc. One of the most important agenda of the year was to obtain Non Profit Incorporation Organization (NPIO) License in DIFC and I am happy to inform you that our chapter has been incorporated as an NPIO and opened its office in the DIFC which was inaugurated by Mr. Arif Amiri, CEO, DIFC on 29 August 20<strong>18</strong>. This year our chapter has added a massive 1,133 new members taking the membership count to 2,913 which shows that 38.89% of our members are new and have joined the Chapter in the last 12 months. We have generated a record of 62 Events, 146 CPE Hours, <strong>18</strong>0 Speakers, Total Cumulative Attendance of 12,675 Members and 54,962 Collective CPE Hours. These numbers demonstrate that our Chapter has grown from strength to strength and are testimony that we have been able to deliver on the milestones we had set for ourselves as a chapter during our first event on 7 October <strong>2017</strong> “Mega VAT Open Day”. Our Chapter has maintained good cordial relationships with the local community in the UAE and we have invited & hosted eminent Emiratis during our events. These dignitaries include His Excellency Sheikh Nahyan Bin Mubarak Al Nahyan, Hon’ble Cabinet Member and Minister of Tolerance, Government of UAE, Major General Mohammed Ahmed Al Marri, Director General, General Directorate of Residency and Foreigners Affairs-Dubai, His Excellency Saud Salim Al Mazrouei, Director of Hamriyah Free Zone and SAIF Zone. In addition, we have also had an opportunity to host Dr. Raed Safadi, Chief Economic Adviser, Dubai’s Department of Economic Development, Mr. Derek O’ Brien, Member of Parliament, Padma Bhushan Awardee Shri Rajat Sharma, Chairman & Editor in Chief, India TV, Shri. K. T. Rama Rao, Telangana State’s Cabinet Minister, Mr. Arnab Goswami, Managing Director, Republic TV, Dr. Marshall Goldsmith, Internationally Renowned Coach & Motivational Speaker, Padmashree & Arjuna Awardee Ms. Deepa Malik, Paralympic Champion, Ms. Amyra Dastur, Bollywood Actress, Miss India (2000) & Miss Asia Pacific (2000) Ms. Dia Mirza, Producer, Actress & Beauty Queen, H. E. Shri. Navdeep Suri, Ambassador of India to UAE, H. E. Shri. Vipul, Consul General of India to UAE, to name a few, at various events organized by us. All this would not have been possible without the help of my cocommittee members who have supported me all throughout this year. Big thanks also to the ICAI (Dubai) Chapter staff who have served the Chapter wholeheartedly. To all our sponsors, thank you for your continuous support to our chapter. Lastly to all our dear members, thank you for your active participation and feedback which gave us the strength and guidance in delivering the best quality of events and activities. I must say that this been a great journey of one year for our Chapter. The Journey is the real Reward. Thank you once again from the bottom of my heart for making this year a historical & memorable one. <strong>Annual</strong> <strong>Report</strong> is enclosed. CA Naveen Sharma Chairman ICAI (Dubai) Chapter 6
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (a statutory body established under an Act of Parliament) (DUBAI) CHAPTER CA. Naveen N.D. Gupta CA. Prafulla Chhajed Galaxy of Past Chairmen of ICAI (Dubai) Chapter 2016-<strong>2017</strong> Managing Committee <strong>2017</strong>-<strong>18</strong> Chairman CA. Naveen Sharma Office Bearers CA. Mahmood Bangara Vice Chairman CA. Anish Mehta Secretary Executive Members CA. Sundar Subramanian Nurani Treasurer CA. Smruti Mishra CA. Dharmajan Patteri CA. Sangeetha Nahar CA. Anurag Chaturvedi CA. Charu Khurana (Till 15 th Nov <strong>2017</strong>) CA. Gopu Rama Naidu (From 15 th Nov <strong>2017</strong>) 7
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