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Late Prasanta Kumar Bose, worthy son of Late Acharya Girish Chandra Bose, was the Principal - in - Charge of the newly created Commerce Department till 1964-65. Affiliation to Honours Course was accorded to this college by the University of Calcutta w.e.f. 1970 session. This College continued functioning as an evening college in the said school building till middle of 1981. It was shifted to its present building at 35, Scott Lane (now renamed as 35, Rajkumar Chakraborty Saran i), Kolkata - 700009, after being duly handed over to the College authority by the state Govt. of West Bengal.
As a measure of further extension of education and with a view to provide wider scopes to the students from all sections of Society it was converted to a full fledged Co-educational Day College w.e. f. the academic session of 1982-83 in the same premises.
Late Acharya Girish Chandra Bose, M.A, M.R.AC. and a closed associate of Pandit Iswar Chandra Vidyasagar returned to Calcutta from London on the 14th July, 1884 after successful completion of his higher studies. The then Director of Public Instructions Sir Alfred Croft offered him a prestegious higher post in the Education Department of British Govt. But he refused to accept it. He also did not hesitate to refuse the higher post offered by Nizam of Hydrabad. Instead, he devoted his entire life to the cause of extension and development of education of the people of the country. It was Late Acharya's purpose to make our educational centres - "The nerve - centres of our Social Polity - from whence will come forth a valiant band of workers, practical idealists, sufferers who will sweep and scour, polish and brighten till Bengal shines like a plate of burnished gold". It was out of such tenacious resolutions to modernize education that the great personalities like Girish Chandra Bose, his inspirers and ardent supporters of social education, e.g. Raja Rammohan Roy, Maharshi Debendra Nath Tagore, Rishi Bamkim Chandra Chatterjee, Keshab Chandra Sen and successors Dr. Jagadish Chandra Bose and Acharya Prafulla Chandra Roy led Bengal to acthieve its position as foremost in intellectural power of India.
150-year-birthday anniversary of Late Acharya Girish Chandra Bose was celebrated in 2003 in a befitting manner by the Group of Bangabasi Colleges. In memory of Late Acharya and as a deep mark of respect to the great soul of Bengal, the Management of Bangabasi College of Commerce has unanimuosly resolved to change the present name of this College and to call it to its new name as "ACHARYA GIRISH CHANDRA BOSE COLLEGE.