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Half-day Hybrid Seminar on Restructuring of Family Owned Businesses Friday, 15th March, 2024 from 2:30 p.m. to 7:00 p.m. (Hybrid Mode)

March 15 @ 2:30 pm - 7:00 pm

We are pleased to inform you that The Chamber of Tax Consultants jointly with IMC’s Direct Taxation Committee and Bombay Chartered Accountants Society is organizing a Half-day Hybrid Seminar on “Restructuring of Family Owned Businesses”.  The details are as follows:
 
Day & Date : Friday, 15th March, 2024
Time : 2:30 p.m. to 7:00 p.m.
Meeting : Hybrid (Online as well as in person)
Venue for in person attendees :
Walchand Hirachand Hall, 4 th Floor, IMC Building IMC Marg, Churchgate, MumbaiRegistration Fee:
Physical/Virtual  :   Rs. 1500 + 18% GST = Rs. 1770/-
To register and make the payment – CLICK HERE

In light of the changes in economic scenarios across the globe, the business have been changing the manner in which it operates, and there have been lot of chop and churn and acquisitions of the entities for purposes of aligning of the businesses. Also, there have been lot of family businesses which have gone for IPOs and fund raising activities and for that purpose there is need to re-align the structures and also in-line the family succession plan and how to hold their investments.

However, time and again there have been changes in Income Tax Act, like revamping the taxation regime on reconstitution of partnership, not allowing depreciation on goodwill etc. and similarly the divergent judicial precedents like in the case of Celerity, Gabs, Ozone etc. which keeps the controversies in relation to business restructuring ‘alive and kicking’. To add fuel to the fire you have Sections like 56(2) (x) and GAAR which adds a level of difficulty and uncertainty to any business restructuring.

This hybrid seminar will be in a Panel Discussion format where these topics will be discussed in detail by the Experts. It will be useful for Tax Managers, Tax Heads, CFOs, Tax Consultants, Tax Practitioners and others keen to keep abreast with the rapid changes in Business Restructuring.

In view of the importance of the topic and its overall impact on taxpayers, we hope you would surely like to attend this seminar and get more clarifications on tax issues relating to business restructuring.
 

Program Schedule :
 
Time Particulars Speaker
2:30 pm –2:40 pm Welcome Address
 
Mr. Samir Somaiya
President, IMC Chamber of Commerce and Industry
 
CA.Chirag Doshi
President, Bombay Chartered Accountant’s Society
 
CA. Haresh Kenia
President, The Chamber of Tax Consultant
2:40 pm – 4:10 pm Family-owned Business –Succession / Estate planning (Live case studies) – Including to cover conversion from firm/LLP/ Companies – Private Trust etc. Panelists :
CA Amrish Shah, Partner, Deloitte India
CA Anup Shah, Partner, Pravin p. Shah & Co
CA Shweta Shah, Head Wealth Structuring & Tax, Nuvama Wealth AdvisorModerator from BCAS
4:10 pm – 4:25 pm Tea/Coffee Break
4:30 pm to  6:00 pm Restructuring of Businesses – including getting ready for IPO and fund-raising and for that purpose undertaking Merger/ Demerger, Slump Sale to carve out core business vs Investments vs separating Brands/Patents etc.(live Case Studies)
Panelists:
CA Ketan Dalal, Managing Director, Katalyst Advisors
CA Pranav Sayta, Partner & National Leader – International Tax and Transaction Services, EY India 
CA Girish Vanvari, Partner, Transaction Square.Moderator from CTC

6:00 pm to 6.45 pm Family Governance and need for family constitution- Impact on private vs public companies – Binding nature – can it over-ride AOA etc. Speaker:
CA Dinesh Kanabar, Managing Partner, Dhruva Advisors LLPModerator from IMC
6.45 pm Concluding Remarks and Vote of Thanks  

Please register your participation at the earliest. If you have opted to attend online, the Zoom joining link will be shared closer to the event.

Details

Date:
March 15
Time:
2:30 pm - 7:00 pm