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prabhakar
Advocate

About me

  Member Since : 28 April 2008  (Hyderabad )

 

 

 

 

RESUME

 

Job title: Legal Advisor and Advocate

 

Personal Details

 

Full name: VIDIYALA PRABHAKAR

 

Date of Birth: 12.05.1960

 

Address for correspondence: V. Prabhakar;  Advocate                    

                                                   Plot No.9B; H.No.8-2-293/82/L;

                                                   M.L.A’s Colony; Road No.12; Banjara Hills                        

                                                   Hyderabad - 500 034; India

 

Telephone Numbers: (O)   91-  40-23391349

                                (Cell )         94405-24616

E-mail: prabhakar_vidiyala@yahoo.com  

 

Educational and Professional Qualifications

      Qualification                     Date of Award                                Institution

                                                                              

1.   BACHELOR OF                      25.07.1982                       Sir.C.R.Reddy College,

      COMMERCE                                                                 Eluru, West Godavari District,

      Andhra University                                                       Andhra Pradesh, India     

                             

2.   BACHELOR OF LAWS          04.06.1986                        Sir.C.R.Reddy Law College,

      Andhra University                                                      Eluru, West Godavari District,

                                                                                       Andhra Pradesh, India

                                    

Other Educational or Professional Training

 

SL.NO.          SUBJECT                               DATE                                 INSTITUTION

                    COMPLETED               

 

1.         JUNIOR RED CROSS                   12.09.1978              INDIAN RED CROSS SOCIETY,                                                                                       ANDHRA PRADESH STATE

         BRANCH,    

         SECUNDERABAD, INDIA

 

2.         TEACHERS` TRAINING              AUG.`1978            ANDHRA PRADESH EDUCATION

            CERTIFICATE                                                               DEPARTMENT,                                                                                                                   GOVERNMENT TEACHERS`

        TRAINING INSTITUTE,

                                                                                                        ELURU, WEST GODAVARI DIST.,

                                                                                                        ANDHRA PRADESH, INDIA

 

3.             TECHNICAL EXAMI-                  11.12.1979              SECRETARY, STATE BOARD OF NATION(ENGLISH                                                 TEHCNICAL EDUCATION &

                TYPEWRITING)                                                           TRAINING,

LOWER GRADE                                                           HYDERABAD, INDIA

 

4.             ATTENDANCE CER-                   18.08.1981              ANDHRA PRADESH UNITED TIFICATE FOR THE                                                     TEACHERS` FEDERATION, INDIA

STATE LEVEL                                                                    

EDUCATIONAL & CUL-

TURAL CONFERENCE

 

5.         COURSE IN MODERN                11.12.1981              ANDHRA PRADESH ENGLISH

           TECHNIQUES OF                                                         LANGUAGE

                TEACHING ENGLISH                                                 TEACHING CAMPAIGN CENTRE &

                                                                                                        DISTRICT EDUCATIONAL

                                                                                                        OFFICER,

                                                                                                        ELURU, WEST GODAVARI DIST.,

                                                                                                        ANDHRA PRADESH, INDIA    

 

6.         TECHNICAL EXAMI-                16.07.1982                SECRETARY, STATE BOARD OF

            NATION (ENGLISH                                                     TECHNICAL EDUCATION &                     TYPEWRITING)                                                           TRAINING, HYDERABAD, INDIA

                HIGHER GRADE

 

    7.         ARTICLESHIP AND                    1982-1985               D.V.RAMANA RAO & CO.,

                APPRENTICESHIP FOR                                              CHARTERED ACCOUNTANTS,

                THE COURSE OF CHAR-                                           TADEPALLIGUDEM, WEST

                TERED ACCOUNTANCY                                           GODAVARI DIST., ANDHRA

        PRADESH, INDIA

                                                                                                                            &

                                                                                                        THE INSTITUTE OF CHARTERED

                                                                                                        ACCOUNTANTS OF INDIA,

                                                                                                        NEW DELHI (BOARD OF STUDIES)

 

List of professional associations and/or learned societies of which I am a member.

 

S.NO.        REGISTERABLE                  REGISTERING BODY                                DATE &

                  QUALIFICATION                                                                                REGISTRATION

 

   1.          BACHELOR OF LAWS            BAR COUNCIL OF THE                        04.07.1986

                                                                    STATE OF ANDHRA PRADESH        AP/621/1986

 

   2.          ADVOCATE                             ANDHRA PRADESH HIGH                 1986

                                                                   COURT ADVOCATES

   ASSOCIATION

 

   3.          ADVOCATE                             ANDHRA BANK                                    1993

                                                                   (PANEL    ADVOCATE)

 

   4.          GOVERNING BODY               JANABHYUDAYA SANGHAM        1998

                MEMBER                                  (A CHARITABLE SOCIETY EN-

   GAGED IN RUNNING A JUNIOR

   COLLEGE & HOSTEL FOR RURAL

   POOR PEOPLE AT A.S.RAO

   NAGAR, SECUNDERABAD) 

 

 5.        COMMITTEE MEMBER             ARBITRATION COMMITTEE OF         HSE:ADMN:97

                                                                   HYDERABAD STOCK EXCHANGE    619 DT.05.12.97;

                                                                   LTD. (APPOINTED TO BE THE           99; 617 DT 1.3.99;

                                                                   PUBLIC REPRESENTATIVE BY         SEBI -Lr.No.SMD/

                                                                   SECURITIES EXCHANGE BOARD     SA&ID/HSE/PR/

   OF INDIA LTD.)                FOR THE YEARS      7310/99, DT.24.2.99;

   1998, 1999, 2000 & 2001                         SEBI-Lr.No.SMD/                                                                                 SA&ID/HSE/PR/

                                                                                                                                     7615/2000, DT.

                                                                                                                                     12.5.2000;

                                                                                                                                     HSE:ADMN:00:

                  044, DT. 23.5.2000;

                                                                                                                                     HSE:ADMN:01:194

                                                                                                                     DT. 16.1.01 

 

  6.           LIFE MEMBER                     ALL INDIA FEDERATION OF TAX     1991

                                                                 PRACTIONERS, CALCUTTA

  7.           LIFE MEMBER                     ANDHRA PRADESH TAX BAR           1990

                                                                 ASSOCIATION, HYDERABAD

 

  8.           MEMBER                                FEDERATION OF ANDHRA                 1999

                                                                 PRADESH CHAMBERS OF                   D-721

                                                                 COMMERCE & INDUSTRY,                                                                                                              HYDERABAD

 

  9.           LIFE MEMBER                     BHARATIYA VIDYA BHAVAN,          1993

 MUMBAI                                                 HJB/LM-528

 

 10.          MEMBER FOR THE              RURAL DEVELOPMENT                      FAPCCI Ref. No.

                YEARS 2001-02; 2002-03      COMMITTEE OF FEDERATION OF    SC-302 dt.8.8.01

                2003-04-2004-06                    ANDHRA PRADESH CHAMBERS

 OF COMMERCE & INDUSTRY,

                                                                 HYDERABAD                                                    

 

  11.         MEMBER FOR THE             DIRECT TAXES COMMITTEE OF        FAPCCI Ref. No.

                YEARS 2001-02; 2002-03     FEDERATION OF ANDHRA                 SC-339 dt.4.9.01

                2003-04 & 2004-05                                PRADESH CHAMBERS OF

COMMERCE & INDUSTRY,             

                                                                HYDERABAD

 

  12.         MEMBER FOR THE             ECONOMIC & CIVIC AFFAIRS COMMITTEE-

                YEARS 2002-03,                   FEDERATION OF ANDHRA

2003-04 & 2004-05                                PRADESH CHAMBERS OF

                                                COMMERCE & INDUSTRY,

                                                HYDERABAD

VICE-CHAIRMAN               ECONOMIC&CIVIC AFFAIRS COMMITTEE-

FOR THE YEAR                    FEDERATION OF ANDHRA

2004-05                                                     PRADESH CHAMBERS OF

COMMERCE&INDUSTRY

 

  13.         CONSULTANT                     IMPLEMENTATION SECRETARIAT                   IS/TLA/PA/LIQU/

                (LEGAL)                                                (AUTONOMOUS BODY OF THE          2002/13

                                                                STATE GOVERNMENT OF ANDHRA

PRADESH)

                                                                PUBLIC ENTERPRISES DEPARTMENT,

                                                                A.P.SECRETARIAT, HYDERABAD

 

  14.        GOVERNING COUN-           THE ANDHRA PRADESH TAX BAR              

               CIL MEMBER FOR               ASSOCIATION    

               THE YEAR 2003-2005

 

15.           MEMBER FOR THE             COMPANY LAW & CAPITAL

YEAR 2003-04,                      MARKET COMMITTEE

2004-05 & 2005-06

 

 

16.           MANAGEMENT                  INTERNATIONAL FISCAL

COMMITTEE MEMBER   ASSOCIATION-(NETHERLANDS)INDIA BRANCH

(2004 -2010)              HYDERABD SUB-CHAPTER(REGIONAL CHAPTER)

 

Career History

 

Current employment                         Self employed

                                   

1.  Position/Job title                            Legal Advisor & Advocate

 

2.  Dates employed                             From till day to 01.04.1993

 

 

 

 

3.  Brief outline of career

 

DESCRIPTION OF MAIN DUTIES:

 

(i)                 Legal Advisor and professional consultant to a large number of corporate houses, industrial groups and people involved in trade, business and commerce.  This apart, professional consultant to nearly 50 professional firms of Chartered Accountants in the State of Andhra Pradesh who day in and day out seek advice on corporate, tax planning, expenditure management, legislative clarifications and other related matters connected to taxation of their clients who are mostly in business and Income Tax payers.

 

(ii)               Having gained adequate knowledge and expertise in various legislations, the SECURITIES EXCHANGE BOARD OF INDIA LTD. (Apex Regulating Body set up by Govt. of India to control and issue necessary notifications in running of Stock Exchanges and other matters related to finance & capital markets, Securities, Stocks, Shares, etc.) recommended and approved my name for nomination of Statutory Committee (Arbitration Committee) of Hyderabad Stock Exchange Ltd. to be the Public Representative for the years 1998, 1999, 2000 and 2001.

 

(iii)             The State Government of Andhra Pradesh in pursuance of their Public Enterprise Reform Programme, set-up Implementation Secretariat and I was taken by them as Consultant to discharge the duties of a Liquidator in voluntary liquidation of public sector corporations/liquidation of co-operative societies.

 

(iv)             Contributed several Articles to professional journals analysing important judgements  of  various  courts  including  Supreme Court  of  India.  Few  of

            them which were published are the following:

            ----------------------------------------------------------------------------------------------   

                    Sl.No.      Name of Article                                         Citation

            ----------------------------------------------------------------------------------------------    

                       1.     Misplaced Burden of Proof                92 Taxman 357 (Journal)

 

                       2.    Conversion of Woman`s 'Limited        80 Taxman 278 (Journal)

                              Estate' into an 'absolute property'

                              after coming into force of Hindu

                              Succession Act, 1956?

 

          3.     ITAT, Hyderabad Bench Decision      88 Taxman 43 (Journal)

                               in N.T.Rama Rao`s case - Need

                              for reconsideration.

 

                       4.    Madras High Court`s Judgement         87 Taxman 301 (Journal)

                              in Eastern Sea Food`s case -

                              Whether to be treated as per

                                incurium.

 

                       5.    'Beneficial Ownership' - No more      82 Taxman 209 (Journal)

                              a new concept in India: A

                               comment on recent Special Bench

                               Decision of Tribunal in the case of

                               WTO vs. K.M.Mistry (1995) 213

                               ITR 1 (Bom.Trib)

                     

6.             A Corporate Win                                 [2003] 43 SEBI and

                Corporate Laws 11 -

   Magazine

 

7.     The Department should in a proper          124 Taxman Magazine      stride seek the High Court to modify           [Vol. 135]

        their decision on the lines of the

        decision of Supreme Court in

        N.C.Budharaja Co.`s case (supra)

        and better collect revenue in all

        such kind of matters instead of

        using the decision of Andhra Pradesh

        High Court as a precedent in other

        assessee`s assessments

8.   ESOP BENEFIT – AN EMPLOYEE                  136 TAXMAN 61-

                                   WELFARE EXPENDITURE                             MAGAZINE  (MAG)

                                   ALLOWABLE AS BUISNESS

                                   EXPENDITURE

                           9.     Karnataka High Court's decision in

                                   CIT V. Samsung Electronic Co. Ltd.,

                                   is not based on current law                            Corporate Professionals -Volume 17-Issue 4-Page 315 

 

Previous Position                                Professional Consultancy                   

 

1.  Firm`s name & address                 BRAHMAYYA & Co.

                                                            Chartered Accountants

                                                            4th Floor, Golden Green Apartments

                                                            Erramanzil Colony, Somajiguda         

                                                            Hyderabad - 500 082, India

 

2.  Position/Job title                             Legal Advisor & Advocate and

                                                            Professional Consultancy

 

3.  Dates of service                             From 31.03.1993 to 08.08.1988

 

 

4.  Brief outline of career

 

Associated with M/s.Brahmayya & Co., Hyderabad (a renowned firm of Chartered Accountants established in South India in the year 1942 having branches at Chennai, Bangalore, Vijayawada, Visakhapatnam, Guntur, Kakinada, Adoni) in the capacity of

Legal Adviser and professional consultant to cater the needs of their clients who are big corporate houses, industrial units, business concerns and commerce people and also other distinguished Individual Income Tax payers.

 

 

5.  Reason for leaving                                    In pursuit of career prospects

 

Previous career                                              Legal Profession

 

1.  Professional’s name & address     MR.JUSTICE PARVATHA RAO (RETD.)

                                                            High Court of Andhra Pradesh

                                                            Plot No.68, Road No.71, Jubilee Hills, Hyderabad - 500 033, India

 

2.  Position/Job title                             Advocate

 

3.  Dates of service                             From 07.08.1988 to 04.07.1986

 

4.  Brief outline of career

 

In the month of July, 1986, I completed my education in Sir C.R.Reddy Law College, Eluru, West Godavari District, and I shifted to Hyderabad for further career and professional development and got enrolled with the Bar Council of the State of Andhra Pradesh and since July, 1986 to August, 1988 worked in the Chambers of Mr.S.Parvatha Rao, the then advocate and later was Judge, High Court of Andhra Pradesh and Chairman, Andhra Pradesh State Consumer Disputes Redressal Commission at Hyderabad.  During this period of July, 1986 to August, 1988, I had a privilege of learning system of Legislation, Executive Government`s functions and Judiciary and their role in moulding public and private societal set-up.  This period was a milestone in my career as it opened up gateways and access to justice and other services relating to fabric of society and system.

 

OTHER ACTIVITIES: Being a management committee member of Hyderbad-Sub Chapter of India Branch of  International Fiscal Association and being active member of various other professional bodies or Chamber of Commerce, I have been attending to various seminars, conferences, international study tours in India and other countries like Singapore, Hongkong, Koulalumpur, Bangkok etc.

 

PRESENT WORK: Established practice on Direct Taxes at Hyderabad in the State of Andhra Pradesh, India having long standing working relationship with a large corporate clientele like Bharti Televentures Ltd (Cellular Operator of Air Tel)., IVRCL Infrastructures & Projects Ltd., Navayuga Engineering Construction Ltd., Progressive Constructions Ltd., Vertex Homes (P) Ltd.,    and several other Infrastructure Development Companies,   D Q Entertainment Ltd., (A popular animation film maker in India). Besides, being Legal Advisor handling  direct tax matters of several other corporate clients of various firms of Chartered Accountants in the State of Andhra Pradesh and also advice on various complicated legal issues. 

 

 

 

 

 

HYDERABAD

Date: 22.10.2010                                             

     V. PRABHAKAR



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