Zubir Chang & Co. PLT’s Post

A few words of thanks to the more than 4k votes I received in the ACCA Global Council Elections this year. It has been an honour and an inspiration to stand for the future of the accounting profession through ACCA. #ACCA #ACCAGlobal #ACCAAGM24 #ACCACouncilElections24

Make Your Voice Count: Vote in the ICAI Elections! As members of one of the most prestigious body, we Chartered Accountants, have a unique opportunity to shape the future of our profession through the ICAI elections. Each vote is a voice that reflects the collective vision for the growth, transparency, and integrity of the CA community. Here’s why your vote matters: ✅ Representation: Voting ensures that the right people, who understand our challenges and ambitions, represent us at the decision-making table. ✅ Progress: Your vote can steer ICAI toward innovation, upskilling, and stronger governance. ✅ Responsibility: Voting in the ICAI election is an extension of that responsibility – to support a leadership that embodies these values and serves the members. Every vote contributes to the collective vision we wish to see in the ICAI. Let’s come together to be part of the change. Your vote is your power – use it wisely! #ICAIElections #VoteForChange #CharteredAccountants #Leadership #Empowerment #CollectiveGrowth

CPA statement on recent events & the looming constitutional crisis in #SriLanka #Elections The Centre for Policy Alternatives (CPA) notes with grave concern the actions of the President and the Government in response to the Supreme Court’s interim order last week restraining Mr Deshabandu Thennakoon from exercising the powers, functions, and responsibilities of the office of the Inspector General of Police (IGP). This interim order has been met with statements by the Government, including a formal statement in Parliament by the Prime Minister on 27th July explicitly rejecting it, that raises alarm as to whether Sri Lanka is heading towards a constitutional crisis. CPA urges the President to desist from any or all action that raises that prospect. This is against the backdrop of the Election Commission issuing a gazette setting the date of the Presidential Election to be held on 21st September 2024, and it is incumbent on the Government and all stakeholders to adhere to the Constitution and respect the integrity of the election. Any attempt to subvert elections and the rule of law will have significant implications on governance and democracy and setback Sri Lanka’s path towards economic recovery and stability. 

The 53rd meeting of the GST Council will be held on June 22nd, 2024, in New Delhi. This is a significant event post the general elections and under the newly formed NDA government. This meeting is likely to be pivotal in shaping the GST policies for the coming period. What are your expectations from the upcoming GST Council meeting? Let's discuss! #GSTCouncil #GSTMeeting #Economy #Business

📖 Justice Minister Jallow: “The Constitution Should be in Place Sometime in 2025, if…” After series of promises since 2016 for a new Constitution, the Minister of Justice revealed that a new Constitution should be in place sometime in 2025, if... More in the link. #PromiseTracking #DraftConstitution #Referendum #2024DraftConstitution https://lnkd.in/eZqbb8-k

Hello Connections, First GST Council meeting that got convened post General elections has taken important decisions last week that has significant implications on the Industry as a whole. While the theme can be understood as ease of doing business (simply put the cost of doing business) and reducing litigation on various issues and trade facilitation measures, here is the brief update on the Policy Changes. Happy reading. #Deloitte# #GST#

THE LEGISLATURE Parliament: Article 79 provides that the Parliament shall consist of the President and two Houses: the Council of States and the House of the People. The implications of having a bicameral Parliament were discussed in detail in the Constituent Assembly and outside; the arguments in favour are (i) ‘Being composed of two parts, they check one another by the mutual privilege of rejecting’ (ii) A second chamber introduces an opportunity for a second thought in important matters; (iii) In a federal setup, a Council of States is necessary to lend voice to the constituent units; (iv) It would provide a check on hasty legislation; (v) Two differently constituted chambers contribute balance to the decisions. (vi) When one chamber is constituted as a permanent body, Parliament exists even when the other chamber has been dissolved for elections, and (vii) As Parliament is a deliberative body in addition to its main role as a legislative body, a group of ‘elders’ not directly elected by the people can provide sober advice. The arguments against are: (i) It is not essential and is a luxury in a developing country; (ii) It stands in the way of speedy law-making, which the country needs; (iii) If the opposition parties have a majority in the Upper House, legislative processes will get stuck; (iv) Uneven representation for the States makes the second chamber similar to the other chamber in terms of proportion of members from the States; and (v) There is no requirement of domicile in the State for a Member to represent a State. Much of the arguments would be theoretical, looking at the Indian experience so far. The government of the day had a majority in the Rajya Sabha only for 29 years since its constitution in 1952. Of the countries with parliaments, 41% are bicameral, and India is in this group.

LOCAL GOVERNMENT BILLS: IN CASE OF CONFUSION ... The Department of Co-operative Governance & Traditional Affairs' draft Local Government: Municipal Structures Amendment Bill is the only piece of proposed new legislation in circulation at present providing for measures to address coalition government challenges. This article provides more information: https://lnkd.in/dKPmrWfU Three DA Bills with similar intentions were tabled during the previous Parliament but lapsed when it rose for the May elections. They have not yet been revived. This article provides more information: https://lnkd.in/dTjMFxKN The DA's chief whip recently released a media statement announcing her party's intention to revive all three Bills. However, at the time of writing the official status of these Bills is that they lapsed and are therefore no longer in the parliamentary system. This is but one example of the importance of GNU parties liaising to ensure they are on the same page - to avoid sending mixed messages about the same issues.

I have been reading posts about repeated calls from ICAI election contestants, and let me share my experience. Many of us have similar concerns. We receive countless calls and emails (often ignored) not just for ICAI elections but also for general political elections. At times, we even get frustrated and scold the callers. But here’s the thing: without those calls, would we even know who is contesting? Reflecting on this made me realize their importance. I started paying attention to emails and eventually decided to support a candidate. Would I have done so without those calls? Maybe, maybe not. Interestingly, I also noticed that one of my friends decided to vote after multiple calls. Have we read every candidate’s manifesto, even with those reminders? Are we planning to vote? The reality is, we’re all busy and often forget to participate in elections, only to criticize later. Without those reminders, would we even take the effort? Let’s not wait to be reminded. Take some time to understand the candidates, make an informed choice, and most importantly, participate in the ICAI elections. Your vote matters, and it can lead to the change we all want to see. Participate in ICAI elections on 6th and 7th December. #ICAIelections #SIRC #Vision #Vote #leadthechange

Read this article by Asian Legal Business, where our Partner Sanjam Arora shares her thoughts on key policy priorities for the new government, including investment in infrastructure, a conducive regulatory framework for new technologies such as AI, and reforms in financial services. You may read the article here: https://lnkd.in/gR7B5g4A #financialservices #trilegal #india #elections #regulatoryreforms #policies