ANNUAL REPORT 2018 - 2019 - IICA

ANNUAL REPORT 2018 - 2019

INDIANINSTITUTEOFCORPORATEAFFAIRS

1ANNUALREPORT|2018-19

Index

Overview

General Body of IICA

Board of Governors of IICA

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Adjunct Faculty at IICA

A Brief about Schools and Centres at IICA

Collaborations

9-Fold Strategy for Reinvention of IICA

Academic Programmes

Research

Green Plan of IICA

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Overview

The Indian Institute of Corporate Affairs (IICA) was registered as a society on September 12, 2008 under the Societies Registration Act, 1860. An autonomous institute, IICA works under the aegis of the Ministry of Corporate Affairs to deliver opportunities for research, education, and advocacy. It is also a think tank that curates a repository of data and knowledge for policy makers, regulators as well as other stakeholders working in the domain of corporate affairs.

Set up as the premier organisation that aims at providing astute and credible intellectual l eade rsh ip i n co rpo ra te regu la t i on , governance and running susta inable businesses, IICA is a think tank, capacity building and service delivery institute. Its work enables corporate growth, reforms and regulation through synergised knowledge management, and global partnerships thus offering real-time solutions. IICA propels knowledge and training through its network of schools and centres. It has six departments and six hubs of excellence carrying this vision forward.

The institute, spread across a sprawling 14-acres, has state-of-the art infrastructure. Its main building is eight stories high and is eco-sensitive. The campus has residential blocks, hostel facilities for staff and students, recreational centre, a well-stocked library, an in-house auditor ium and an ef�cient knowledge management system.

Key activities carried out by IICA include induction and in-service training to Indian Corporate Law Service (ICLS) of�cers, capacity-building and training programmes, policy advisory functions, public outreach and stakeholder consultations through seminars, conferences and forums.

IICA also supports Ministry of Corporate Affairs (MCA) initiatives on all matters relating to Corporate Affairs. Anticipation of corporate needs for effective functioning, reviewing corporate laws for effective amendments to cater to evolving business environments, exploring new paradigms such as investor education, and periodic reviews and updation of de�nitions, components and activities related to corporate governance are other prominent initiatives of the institute.




4 ANNUALREPORT|2018-19

To function as a holistic, capacity building institution and think tank for corporate regulation and reform, through synergised knowledge creation and management, global partnerships and real time solutions.

Vision



Our Philosophy

1. To develop capacity towards holistic study and harmonised treatment of issues impacting corporate regulation, governance and functioning in the context of emerging international trends and opportunities.

2. To enable anticipation of changing n a t i o n a l a n d g l o b a l b u s i n e s s environment and catalyse appropriate regu latory and serv ice de l ivery responses.

3. To set up a state-of-the-art Knowledge Management System for continuous co l l a t ion and d issemina t ion o f knowledge to internal and external stakeholders on issues affecting the corporate sector.

4. To f o r g e , f o s t e r a n d c a t a l y s e p a r t n e r s h i p s b e t w e e n v a r i o u s stakeholders for the generation of

outcomes to resolve emerging business concerns for ef�cient and legally compliant functioning.

5. To ensure synergy of knowledge, thought and capacity building through the institution of Schools in relevant academic discipline and Centres for interactions and acceptance of projects for execution in appropriate formats through requisite partnerships.

6. To evolve a strategy for the recruitment and retention of the best national and global talent, through a mix of core faculty, supported by distinguished adjunct expertise and

7. To provide platform for the sharing of ideas and experiences amongst eminent captions of industry, intellectual leaders etc. through partnerships and national & global networks.

General Body of IICA

Shri Arun Jaitley*

Ex-of�cio President of the Society

Minister in charge for

Corporate Affairs

Government of India

Shri Injeti Srinivas Ex-of�cio Member

Vice-President of the Society

Secretary

Ministry of Corporate Affairs

Shri Anurag Agarwal Ex-of�cio Member

Joint Secretary


Dr. Sameer Sharma Ex-of�cio Member

DG & CEO

IICA

Shri K. V. R Murty

Ex-of�cio Member

Joint Secretary


Shri Gyaneshwar Singh Ex-of�cio Member

Joint Secretary Ministry of Corporate Affairs

Shri Rajiv Bansal

Ex-of�cio Member

Additional Secretary and

Financial Advisor


Smt. Anjali Bhawara

Ex-of�cio Member

Additional Secretary




Board of Governors of IICA (2018-2019)

Shri Yogendra Kumar Modi

Executive Chairman YKM

Dr. Sameer Sharma

DG & CEOIndian Institute of Corporate Affairs

Shri Anurag Agarwal

Joint Secretary Ministry of Corporate Affairs

Shri Injeti Srinivas

SecretaryMinistry of Corporate Affairs

Smt. Anjali Bhawara

Additional Secretary Ministry of Corporate Affairs

Prof. (Dr.) Ranbir Singh

Vice Chancellor National Law University, Delhi

Prof. Sanjiv Mittal University School of

Management Studies

Smt. Ashwini Deshpande

ProfessorDelhi School of Economics

Shri Rakesh Bharti Mittal Managing Director Bharti Enterprises

Delhi

Shri Amitabh Kant

CEONiti Aayog

Shri Amarjeet Singh

Executive Director SEBI

Dr. M. S. Sahoo

Chairperson IBBI

Shri Ashok Kumar Gupta

Chairman CCI

Shri Rajesh Kumar Chaudhary

Joint Secretary DPE

Shri Harish K. Vaid

Sr. President (Corporate Affairs) Jaypee Group

Shri Anil Padmanabhan

Deputy Managing Editor in Mint

Shri Rajesh V. Shah

Co-Chairman and MD Mukand Ltd.

Prof. (Dr.) Venkata Rao

Vice ChancellorNational Law School of

India University, Bangalore

Shri Gopal Krishna Agarwal

Chartered Accountant, MD of Vogue

Stock National President of Association

of National Exchanges Members of India

(ANMI) CPAI and DPAI

Shri Rajeev Talwar

Group Executive Director DLF Ltd.

Smt. Jyotsna Suri

Chairperson and MD of Bharat Hotels

Shri T. K. Vishwanathan

Chairman of Bankruptcy Law Reform Committee

Shri Ajay Bahl

Chartered Accountant Founding Partner of AZB Partners,

New Delhi

Smt. Veni Thapar

Chartered Accountant Cost Accountant



Adjunct Faculty at IICA (2018-19)

Dr. Raghunath Anant MashelkaProfessorEmeritus

Shri Dhanendra KumarDistinguishedFellow

Shri Vinod Kumar DhallDistinguishedFellow

Shri U. K. SinhaDistinguishedFellow

Shri Shankar VenkateswaranAdjunctFaculty

Shri Sumant BatraProfessorofPractice(Adjunct)

Shri Saket MisraAdjunctFaculty

Dr. Suraj KumarAdjunctFaculty

Shri Viraf MehtaAdjunctFaculty

Ms. Parvati MenonAdjunctFaculty



Heads of Schools and Centres at IICA (2018-19)

Shri Mukesh KumarChiefProgrammeExecutive-CSR

Dr. Neeti ShikhaHead,CentreforInsolvency

andBankruptcy

Dr. Pyla Narayan RaoAssistantProfessor,

SchoolofCorporateLaw

Shri Rajesh BatraHead,CentreofMSME

Dr. Lata SureshHead,KnowledgeResourceCentre

Shri Santosh ParasharChiefProgrammeExecutive–IntegratedAdvocacyFulcrum



Dr. Garima DadhichAssistantProfessor,SchoolofBusinessEnvironment&Coordinator,NFCSR

Dr. Niraj GuptaAssociateProfessor,SchoolofCorporate

GovernanceandPublicPolicy

Dr. Navneet SharmaAssociateProfessor,SchoolofCompetition

LawandMarketRegulations

Dr. Naveen J. SirohiAssociateProfessor,SchoolofFinance



A Brief about Schools and Centres at IICA

School of Corporate Law

School of Corporate Law (SCL) is one of the �ve Schools at IICA that has established a niche of scholarly research in the �eld of corporate and allied laws by corralling renowned experts in the �eld, professionals and academicians. SCL provides for policy insights into government legislation on the edi�ce of current epoch of rapid economic expans ion and s t ra teg ic knowledge dissemination.

The SCL at IICA, equipped with its state-of- the-art technological aids and pool of highly acclaimed academicians and professionals in the �eld of corporate laws aims at creating a programmed ecosystem for knowledge dissemination, research and advisory consulting, policy drafting and analysis.

The Schoo l has o rgan i sed va r i ous consultations, discussions, corporate training programmes and workshops for various stakeholders such as of�cials of ministries, regu l a to r y au tho r i t i e s , gove r nmen t departments, public and private sector enterprises. The School undertakes critical knowledge dissemination spread across corporate and other relevant laws so as to contribute to greater understanding of corporate systems amongst government policy makers and administrators as well as regulators. The School actively encourages and facilitates the development of customised capacity building that enables company management and professionals to discharge their regulatory compliance responsibilities with ease and fervour.



School of Competition Law and Market Regulation

The School of Competition Law & Market Regulation at IICA has been established with the core objective of meeting the capacity building needs in the area of competition law and market regulation. As part of the objective and pro�le of the School, continuous research is conducted on the substantive areas of evolving competition law and policy and the impact of regulation on competitive market structure in various sectors. The School seeks to assist in the evolution of competition jurisprudence in India through its research outputs and capacity building solutions.

The School conducts long term and short term courses for training of various stakeholders such as of�cials of ministries, government departments, regulatory authorities, public and private sector enterprises, students and other practitioners of competition law. The long term courses are of three months and above duration while the short term courses

are customised courses of less than three months durat ion a imed at execut ive education. The need based short term courses are designed and aimed to meet speci�c skill and training needs of the stakeholders. These courses are tailor made to address the sector and industry speci�c skill de�cit of the stakeholders.

The School also provides policy assistance to various Ministries and government departments on issues relating to competition compliance and market regulation. Another functional area of the School relates to performing research and advisory assistance to public and private sector enterprises.

The vision of the School is dedicated towards creation of 'competition culture' among the market participants which shall augment competition awareness and understanding. This shall lead to improved compliance among stakeholders, thereby facilitating effective enforcement of the competition law.



School of Corporate Governance and Public Policy

The School of Corporate Governance & Public Policy has been set up with a vision to provide knowledge and expertise to meet the challenges of inclusive and sustainable corporate operation and growth. Corporate Governance is now an integral part of corporations, and with focus shifting from regulation to delivery, it is essential to promote responsible behaviour for shared value creation in society.

Approach and Objective of the School

� To contribute towards better understanding o f co rpo ra te managemen t and governance issues.

� Management expert ise is a key requirement for private as well as state owned enterprises, and the School draws upon the management and governance experience of its faculty to create a dynamic system for exchange of ideas and information.

� To facilitate global knowledge expertise for local applications, and in turn promote best corporate governance practices from India at the international forum.

� To create a global network of partnership and linkages with the best of related institutions and organisations both at operational and academic level.

� To advance and support government bod ies , co rpo ra te en t i t i es and professional through advisory solutions, capacity building programmes and specialised training that enable good governance in the operational business.

� To create an environment for systemic reforms as well as initiate plans and Programmes for cumulative change within and outside organisations.

Key Activities

� Learning and Capacity Building

� Policy Research and Knowledge Promotion

� Consultancy Support

� Awareness & Sensitisation



School of Finance

School of Finance (SoF) is engaged in capacity

building, education, research and consultancy

in �nancial and regulatory issues relevant to

corporate sector, professionals and investing

public at large.

The School conducts short-term training

programmes and workshops on banking,

�nance, accounting, auditing, valuation, risk

management, IFRS, regulation of corporate

�nancial disclosures and other emerging

issues in �nance and accounting. It also

provides �nancial reporting & regulation

modules for the teaching and training

programmes of other Schools of IICA. School

of Finance is working on launching various

industry-oriented certi�cation courses.

The school is also committed to contribute in

the area of investor education and education

by conducting various workshops/ programmes

across India.



Centre for Insolvency and Bankruptcy

India is in the process of establishing a robust

insolvency framework with the enactment of

Insolvency and Bankruptcy Code 2016. The

Code has made rapid strides in short time and

is one of the success stories of recent Indian

economic reforms. A �rst in India, the Centre

for Insolvency and Bankruptcy has been set up

as an apex institute of learning in insolvency

through education and training by active

stakeholder engagement and participation.

The GIP will be delivered through the Centre

and its initiatives. The Centre will also serve as

an apex school of learning on insolvency and

related areas, in association with the key

stakeholders and institutions. The Chairs will

be headed by eminent experts and thinkers

who will lead the thinking and execution by the

Centre.

The raison d'etre of the Centre is to meet the

capacity building needs of the four pillars of the

IBC and do action research to support the

Ministry of Corporate Affairs, IBBI and other

stakeholders in the insolvency and bankruptcy

eco-system.



Centre for Micro, Small & Medium Enterprises

The Centre for Micro, Small and Medium

Enterprises (MSME) is established to foster

understanding of the regulatory framework,

encourage innovative responses to business

environments and focus on issues affecting

MSMEs. The Centre enables capacity building

through training, interaction including

seminars and workshops.

The Centre reinforces IICA's basic philosophy

of enabling understanding of the changing

national and global business environment and

catalysing appropriate regulatory and service

delivery responses, with a special focus on

MSMEs. The centre plays a pivotal role in all its

activities to provide knowledge, technology,

ongoing learning, �exibility and innovation as

business drivers.



Centre of Excellence for Sustainable Development

The Centre of Excellence for Sustainable Development (CESD) within IICA is slated to undertake act ions to support Indian businesses/industry sectors in all facets of Sustainability and Sustainable development.

Activities of the Centre:

� Capacity building in areas of Sustainable Development, Strategic CSR, Socio- Environmental Sustainability and Green Business solutions

� Identi�cation of sustainability risks, challenges and opportunities for the respective businesses/ industry sectors including development of suitable programmes

� Development of Sustainability Strategy, approach and actions towards competitive advantage

� Support corporates for implementation of National/Global Agenda with focus on Environmental Sustainability, Sustainable development

� Undertake speci�c studies, assessment in conformance to the mandate and in tandem to the pursuit of sustainable development

� Integrating business models with social & environmental priorities / processes

� Interaction with institutions in Sustainability space for synergy.



School of Business Environment (SoBE) / National Foundation for Corporate Social Responsibility (NFCSR)

SoBE/NFCSR is an apex National Institution

being housed at IICA, which aims to build

SMART (speci�c, measurable, achievable ,

results-focused, and time - bound )CSR

ecosystem and to provide a favourable

environment for the corporate sector to work

in tandem with the Government, Non -

Government, Civil Society Organisations and

Local Community Organisations.

School of Business Environment (SoBE)/

National Foundation for CSR (NFCSR)

conducts Certi�cate Programmes as well as

short term courses in CSR that provide an

opportunity to learn from an interdisciplinary

team of academicians, policy makers

and practitioners through problem-based

learning via interactive lectures , case studies,

master classes and SoBE/ NFCSR also

provides consultancy and advocacy services

to assist the corporate world from compliance

and strategy development to custom made

capacity building training programmes. Our

vast experience and involvement in the �eld of

CSR strives to provide high quality support

while maintaining a practical methodology

within the prescribed time- frame.



joint research, development and execution of t ra in ing programmes, seminars and conferences. Such partnerships work towards reinforcing the Institution's presence through proactive and strategic collaborations that are inclusive and re�ective of the national and global corporate governance, and more respons ive to the need fo r g rea te r accountability and responsibility.

The Centre also anchors all activities under the International cooperation segment and also is responsible for all reporting and coordination requirements. The Centre provides the requisite support for such cooperation and seeks to assist international cooperative structures, through its activities.

Centre for Institutional Partnerships and Corporate Communications

The Centre facilitates collaboration and communication for all IICA Schools and Centres and also serves as the external interface of the institution. Engagement with external institutions; building up of strategic par tnersh ips ; c rea t ing na t iona l and international platforms for exchange of experience and ideas; stimulating dialogue; event planning; noti�cation and promotion; communications regarding opportunities and dissemination of information are the major activities of the Centre.

The Centre's activities include forging of Institutional Partnerships- both national and international and collaboration with partners for exchange of knowledge and information,



Integrated Advocacy Fulcrum

The IICA Integrated Advocacy Fulcrum consists of eminent experts who have worked in the concerned regulatory organisations and conducts Advocacy for the CCI, IBBI, IPEF, CSR, NCGG, BHR (e.g. NHRC), and others through range of activities including;

� Developing effective communication plans

� Fostering partnerships on the basis of need and value

� Facilitating networking amongst stakeholders

� Conduct of advocacy events in desirable format - Conference/ Seminar, Workshops, Roadshows, etc.

� Organising advocacy through resource persons

� Conduct of advocacy campaigns using traditional media as well as social media

� Bringing out literature/ reports on issues of contemporary importance.



Knowledge Resource Centre

The Knowledge Resource Centre (KRC) plays a very critical role in supporting the academic programmes of the institute. It identi�es, evaluates, procures, processes and then makes these learning resources available to the faculty and students for their teaching, learning and research assignments. The resources can be searched using Open Source Software KOHA developed by the KRC. KRC has also created a repository to store information pertaining to the areas of research, training and and teaching using Dspace (Open Source Software). The KRC also provides regular training and orientation to the staff, faculty and trainees.

KRC has a collection of more than 6235 volumes of books and other publications. These publications also include training material & modules, Hindi Books, annual reports, regulatory acts, informative articles and technical write-ups, among others.

Full text online databases like Taxmann Allied Services, Corporate Law Advisor Online, Lexis Advance India and Magzter: Collection of Onl ine Magazines (more than 6000+ magazines) has also been subscribed by the KRC for supporting training and teaching which can also be accessed through the RemoteXS. RemoteXs is a web / cloud based access gateway for accessing the online resources. Patrons can access all online resources through the online platform i.e. RemoteXs.



KRC is an institutional member of DELNET. Print form of Hindi and English newspapers are also being subscribed by the KRC apart from online access to the newspapers. Kindle devices are purchased for digital collection of books.

RFID system has been installed and the physical veri�cation of the books being done by the handheld RFID device. A well equipped modernised computer lab with Internet facility is also available in the KRC for research and training purpose. Patrons can access the KRC 24 X 7 with the help of access card that has been provided to all the users. Access system has been installed in the KRC and digital access cards are issued to the KRC members.

KRC is open from 9:00 am to 9:00 pm on working days and 9:00 am to 5:00 pm on Saturdays and Sundays.



Collaborations (2018-2019)

1. Competition Commission of India

The collaboration between CCI and IICA is aimed at activities in the area of research, competit ion advocacy, publications on contemporary issues in competition law, setting up of CCI Research Chair at IICA and other such activities as mutually agreed between the parties. The CCI Chair has been set- up at IICA and a Competition Chair Monitoring Committee has been set-up for monitoring the corpus fund received by CCI.

2. Insolvency and Bankruptcy Board of India

The MoU between IICA and IBBI is aimed at facil itating collaboration towards advancement of knowledge wherein a broad action plan has been prepared with proposed activities consisting of capacity building activities, advocacy, research and cooperation on any other relevant area.

3. Department of Industries and Commerce (DoI)

IICA and DoI, Government of Haryana have explored and discussed ways to collaborate and have arrived at a broad consensus towards partnering with each other to set up a CSR platform to map the CSR policies of the companies and connect them with the local area development projects and for other such purposes as may be decided between the parties.

4. Gurugram University

IICA has collaborated with Gurugram University with a mutual consensus to partnering with each other in areas of providing higher and special ised knowledge to the aspirants in the �eld of corporate affairs, competition laws, corporate social responsibility and other topics as mutually agreed between the parties.

5. National Financial Reporting Authority

A MoU between NFRA and IICA has been entered on 18th March 2019 wherein an engagement between the two parties is proposed in such a manner that IICA will provide capacity bu i ld ing serv ices, research and operational support and undertake any other activity as mutually agreed between the parties from time to time.

6. National Centre for Good Governance (NCGG), DAR&PG

The objective behind collaboration with NCGG, DAR&PG and IICA is to establish, maintain and enhance academic and intellectual interaction through speci�c initiatives with a view to promote excellence in studies, capacity building programmes and practices relating to public policy and good governance.



The original proposal for establishment of IICA contained a requirement that the yearly grants would be given to the institute only for �ve years which ended in 2016-17. The Institute had not established enough revenue streams till that period and hence was able to meet only 34% of the Fixed Costs through internal resource generation in 2016-17. As a result even after receiving grants of Rs. 10 crore per year, there was a �nancial de�cit in FY 2015-16 and FY 2016-17.

Accordingly, there was acute �nancial crunch during calendar year 2017. The Government approved Grants for partial funding of �xed costs (50%) for 3 more years on a tapering basis till 2019-20 in December, 2017.

In order to study the institute and recommend corrective steps, a study was commissioned by the Ministry of Corporate Affairs (MCA) to National Productivity Council (NPC). NPC submitted its report to the Government in December, 2017.

The Ministry constituted an Expert Committee to examine the NPC report and to recommend revival strategy. Based on the recommendations of the expert committee, IICA has formulated a 9-Fold Strategy and action plan to transform and reinvent the institute. The components of the strategy are:

9-Fold Strategy for Reinvention of IICA

STRATEGY 1Actasan

AgenttoGovernment

IEPF Survey completed

IEPF Module developments

IEPF Workshops

National CSR Awards

CCI Advocacy strategy prepared

STRATEGY 2AugmentHumanresourcesandMandatetoActsasThinkTank,

TrainingandAcademicInstitution

ResearchChairsforCCI,IEPF,IBBI,RBIandNLU-Bengaluru

havebeenset-up

th7 CPCimplemented

HRAgenciesappointed

GrandChallengeshavebeenidentifiedand

implementationdone

AsystemofResultsFrameworkDocument(RFD)foreachdepartmentinstitutedtobringinclarityinplanning

andresourcegenerationtargets

PartnershipPolicydevelopedandimplemented

Cross-functionalteamsacrossschoolsandcenterscreated

Avoidablelayersofreportingeliminated



STRATEGY 3EngageinExpertsofEminence

andthoughtleaders

Acoherentpolicyinthe

formofguidelinesto

engageexpertsof

eminencedeveloped

EngagementofFellowstocarry

outresearchand/orproject

executioninareaswhereversuch

engagementisfeasible.Such

engagementscouldbeeither

projectfundedbyanagencyor

CSRfundsfromcompanies.

STRATEGY 4HighQualityPrograms

Trainingsupporttofornewly

recruitedof�icersandcadres/

DepartmentssuchasDoPT

(IAS,CSS),Deptof

Telecommunications(P&TAccounts

andFinance,ITS),DeptofRevenue

(IRS),DeptofForest(IFoS),Minof

ExternalAffairs(IFS)etc.

MoUssignedwithIFC,

StateGovernmentof

Haryana,NCGGand

GurugramUniversity



STRATEGY 5SpecializeinBusinessandHumanRight,

Competitionlaw,BankruptcyCode,InvestorAdvocacy

BusinessandHumanRights,CompetitionLaw,InsolvencyandBankruptcyCode,Investor

Advocacy,CorporateGovernanceandbehavioral

economics,BusinessLaw,etc.

SupporttoNFRAGraduateInsolvency

Programme

STRATEGY 6NetworkingandPartnerships

Guidelinespreparedandimplementedfora

partnershippolicybasedontheprincipleof

“value-basedpartnershipsalignedwithcoreagenda

oftheinstitute”

CollaborationwithagencieslikeIFC,

SAFIR

Executedmoreshort-termcerti�iedprogrammesin

collaborationwithdeliverypartnersthrough

e-learningandMOOCS

Specializationin

andIndianwayofCorporateAffairs



STRATEGY 7

ScalingupIICAInterventionsintheareaofCSR

Assistedcorporatesinpolicymakingstrategyanditsmonitoring

CapacitybuildingofCSRprofessional-formondistributedtrainingmodel,onlinecourse,specializedcourses,

etc.

Evaluation-Baseline(withpotentialimpactevaluationonHRS),Real

timeandimpact

GrantingInstituteofNationalImportance(INI)statustoIICAyettobestarted

StatusofInstituteofNationalImportance

STRATEGY 9

Reduced�ixedexpenditureasperNPC

recommendationsEmbraceddigitizationinareas

promotionofcourses/outreachtorelevantstakeholders,conductof

variouscourses,etc.

Accommodationpolicydeveloped

FullusageofBlackBoard,aLearningManagementSystemstartedinbothshort-termas

STRATEGY 8

AchievingSelf-Suf�iciency

wellaslong-termcourses





Launch of Graduate Insolvency Programmes – the first of its kind programme

The Indian Institute of Corporate Affairs (IICA) l a u n c h e d t h e G r a d u a t e I n s o l v e n c y Programme (GIP), the registration for which was opened in the month of March, 2019. The programme is certi�ed by the Insolvency and bankruptcy Board of India (IBBI) and is the only insolvency programme in India that offers such an in-depth course in insolvency. It is a �rst-of-its-kind programme for those aspiring to take up the discipline of insolvency professional or for someone who is seeking to take up other roles in the value chain, in India or foreign jurisdictions. This programme offers young graduates from eligible disciplines a direct path into the insolvency ecosystem as a young professional.

A student who completes the GIP will be el igible for registrat ion as insolvency professional under the Insolvency and Bankruptcy Code 2016, without having to wait to acquire the 10-year experience as required by the Code at present.

In this 2-year long course, young graduates wil l spend one year in the classroom developing their theoretical understanding and one year pursuing internships and learning about various facets of insolvency which will include stints with several stakeholders in the insolvency profession.

In order to sensitise the candidates, campus talks, Open House Panel Discussion, FB Live Chat, Webinar etc. were conducted. A panel discussion was organised on 27th March, 2019 at IIC, Lodi Road, New Delhi with Dr. M. S. Sahoo, Chairperson, IBBI, and Shri Sumant Batra, Insolvency Expert as Key speakers. Open House saw the participation of various colleges like Sharda University, Symbiosis Law College, IP University, NLU Delhi, etc. Various lawyers and other registered candidates also attended the session. It was also covered by Doordarshan which is telecasted in their �NaujawanHindaustan� Programme.

Academic Programmes

National CSR Awards

With the enactment of Companies Act, 2013 containing the CSR provision under Section 135, the mandate for CSR has now become a part of corporate governance. The Ministry of Corporate Affairs has instituted National CSR Awards (NCSRA) to recognise corporate social responsibility (CSR) for inclusive growth and sustainable development. This Award seeks to recognise the companies that have made a transformative impact on society. IICA is rendering technical and logistics support for conduct of NCSRA.

The awards were categorised into three main categories: (1) Award Category I - (Corporate Awards for Excellence in CSR); (2) Award Category II - (Corporate Awards in CSR in Challenging Circumstances; (3) Award Category III - (Corporate Awards in CSR for contributions to NPS).

In accordance with the Scheme of National CSR Awards, the following have been designated to make nominations under different categories as mentioned above:

(1) Ministries/ Departments of Govt. of India; (2) State & Union Territories (UT) Governments; (3) Professional institutions: ICSI, ICAI, ICMAI; (4) National Level Trade and Industry Chambers. On 23rd August, 2018 an advertisement inviting nominations, both English and Hindi versions, were published in

all the leading National/Regional newspapers. The nominations were received and accepted through of�ine, online portal and through emails as well. Thereafter, on 7th September 2018, a NCSRA expert Committee of 16 members was const i tuted from TISS (Mumbai), IIFM (Bhopal), IRMA (Anand) and DSSW, (Delhi). Thereby, members of jury were proposed and �nalised with a Chairman and 5 members.

All the nominations were properly scrutinised by the Expert Committee. Field Veri�cation of the short listed companies was followed up by Independent Members of the Expert Committee geographical wise for valid detailed submissions. The detailed �eld report and brief summary in respect of each project/programme veri�ed was submitted for selections by the Jury, which has submitted its recommendations to the Government.

School of Competition Law & Market Regulation

Programme : CCI Induction Training Programme

The School of Competition Law & Market Regulation (SoCL&MR) conducted a 12-Day Residential Induction Training Programme for Of�cers and Support Of�cers of Competition Commission of India (CCI) from 18th to 29th June, 2018 at the campus of IICA, Manesar, in which 18 of�cers attended the programme.





The programme was organised with the objective to familiarise the of�cers with the provisions of Competition Law, Market Regulation, and prevalent concepts of economics with a focus on industrial organisation, public procurement, �nancial reporting, overview of regulatory architecture, use of Hindi in day-to-day of�cial work etc. The programme was also aimed to enhance the knowledge and skills of the Of�cers and to help them achieve their statutory goal to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.

A daily feedback of the programme was sought from the participants by way of quiz. The candidates used Blackboard software to take quiz online. The sessions were taken by Resource persons with immense expertise in their irrespective �elds. To keep the physical �tness of the of�cers, a daily yoga session from 6:00 am - 7:00 am was also incorporated.

The inaugural session of the programme was graced by Shri Devender Sikri, Chairman, CCI and Dr. Sameer Sharma, DG&CEO, IICA. In the valedictory session Smt. Smita Jhingran, Secretary, CCl took thematic presentations from participants and also distributed the certi�cates of participation.

Competition Law Advocacy Programme for CCI –

st1 Roadshow

The Competition Commission of India (CCI) and Confederation of Indian Industry (CII)

stjointly organised their 1 Roadshow on competition law advocacy on 15th October 2018 in Trident Hotel, Mumbai. The Indian Institute of Corporate Affairs (IICA) was the implementation partner for the Roadshow.

The Roadshow comes as a part of the joint initiative of the CCI and CII to advocate compliance with competition law as one of the business and legal enablers in the country.

Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs and Chairman, Board of G o v e r n o r s , I I C A s h a re d h i s v i e w s oncompetition law on the occasion about the bene�ts of competition to all stakeholders,including the government, the consumer and the industry. Chairman, CCI, Shri Sudhir Mittal outlines the initiatives of CCI to bring in effective competition culture in the country.

During the day-long Roadshow, there were open-house sessions, display of various kiosks and screening of �lms. The discussions were aimed to help the industry understand the perspectives and challenges of the



competition regime on balancing competition concerns, especially in insolvency proceedings. The Commission has made a demonstrative effect against the abuse of dominance; they have taken care of anti-competitive practices by punishing cartels and they have also brought a preventive system in the form of regulatory combinations.

It was attended by participants from the industry, legal professionals, corporate lawyers, academics, law students and relevant stakeholders who deliberated and interacted during various open house sessions in the Roadshow and also took part in the exhibition, displaying kiosks highlighting CCI educational material.


nd2 Roadshow

A 'National Conference on Public Procurement & Competition Law' was organised in Delhi on 5th November, 2018 by the Competition Commission of India. The Indian Institute of C o r p o r a t e A f f a i r s ( I I C A ) w a s t h e Implementation Partner for the Conference. The Conference was part of the series of Roadshows ac ross t he coun t r y on competition law. The Conference provided a unique platform to various stakeholders to engage in an active discussion on various competit ion issues relat ing to publ ic procurement.

The Chief Guest for the Conference, Shri Arun Jaitley, Hon'ble Minister for Finance and Corporate Affairs, Government of India, in his Keynote Address stated that the competition regulator was created to ensure effective competition so that consumer interest could be protected. While talking about the roadmap for future, he stated that India needs to look at global models and visualise how to deal with emerging situations. The event was attended by senior policy makers from Central Government, various State Governments, participants from the public sector enterprises, industry, legal and �nance professionals, corporate lawyers, academics, and other relevant stakeholders. The day-long event focused on public procurement, bid rigging, cartels and leniency. Mr. Sudhir Mittal, Chairperson, CCI, stressed on the importance of building a culture of competition in public procurement systems in India.

Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs, Government of India, stated that given the sheer volume of public procurement in GDP, which accounts for more than 26% of GDP i.e. equivalent to around Rs. 28 lakh crore, it has a signi�cant in�uence on the economy's performance.Competitive procurement could result in cost saving to the extent of around 20-30% that could have long term impact on the economy. In his address, by discussing the disentangling of 'rules in form' and 'rules in operation', Dr. Sameer Sharma, DG&CEO, IICA emphasised on lessening the regulatory burden.



The National Conference had two open house sessions. The �rst session chaired by Shri Karan Avtar Singh, Chief Secretary, Govt. of Punjab dealt in Infusing Competition in Public Procurement. On the other hand, the second session was chaired by Shri Augustine Peter, Member, CCI dealt with the issue of bid rigging, cartels and leniency.


rd3 Roadshow

The Competition Commission of India (CCI), with implementation assistance from Indian Institute of Corporate Affairs (IICA) organised

rd3 roadshow for Competition Law advocacy on 5th December 2018 in Ahmedabad.

The aim of the conference was to scale up competition advocacy and reach out to important stakeholders. The target audience of the conference were of�cials of PSUs, law �rms, professionals, industry leaders, trade associations and government of�cials.

The Chief Guest for the Conference, the Hon'ble Chief Minister, Government ofGujarat, Shri Vijay Rupani, in his Inaugural Address stated that Gujarat has traditionally relied upon competition as an important policy instrument for business facilitation and economic growth.

Dr. J. N. Singh, Chief Secretary, Gujarat; Mr. Ashok Kumar Gupta, Chairman, CCI; Dr. Jaimin R. Vasa, President, Gujarat Chamber of Commerce and Industry addressed the gathering at the inaugural session.

The �rst session was on 'Infusing Competition in Public Procurement' and it was chaired by Mr. A. M. Tiwari, Additional Chief Secretary, Home Department, Government of Gujarat and was moderated by Ms. Shweta Shroff Chopra, Partner, Shardul Amarchand Mangaldas & Co. The second session focused on 'Trade Associations, Cartels and Leniency' and was chaired by Mr. Augustine Peter, Member, CCI.

Dr. Navneet Sharma representing IICA welcomed the participants in the inaugural session and highlighted that CCI is being assisted by IICA in this major advocacy initiative. The day-long Roadshow was attended by around 350 participants from the industry, legal professionals, corporate lawyers, academics, law students and relevant stakeholders.



Competition Law Advocacy Programme for CCI -

th4 Roadshow The Fourth Roadshow on Competition Law was organised in Hyderabad on 25th February, 2019 by the Compet i t ion Commission of India and The Indian Institute o f Co rpo ra te A f f a i r s ( I ICA was the Implementation Partner for the Roadshow).

Other partners for the event were The Institute of Company Secretaries of India (ICSI), The Institute of Chartered Accountants of India (ICAI), The Institute of Cost Accountants of India, Confederation of Indian Industry (CII), Associated Chambers of Commerce and Industry of Ind ia (ASSOCHAM), The Federation of Indian Chambers of Commerce and Industry (FICCI).

The aim of the conference was to scale up competition advocacy and reach out to important stakeholders. The thematic focus of the Roadshow was on Public Procurement, Trade Associations, Cartels and Leniency. The target audience of the conference were of�cials of PSUs, law �rms, professionals, industry leaders, trade associations and government of�cials. Around 350 delegates participated in the roadshow and the event also witnessed display of various kiosks and screening of audio-visual clips related to the theme of the conference.

The Chief Guest for the Conference, Shri ESL Narasimhan, the Hon'ble Governor of Andhra Pradesh and Telangana highlighted the decreasing role of the state in non- sovereign functions and stated that market's role in achieving optimal public welfare is pivotal. Governor also released Competition Advocacy Booklet in Telugu. Other eminent speakers in the Roadshow included Shri Shailendra Kumar Joshi, Chief Secretary, Telangana, Ms Sangeeta Verma, Member, CCI and Dr. S. Chakravarthy, former Member, MRTPC.

Shri Ashok Kumar Gupta, Chairman, CCI del ivered the theme address for the conference. He addressed the CCI's effort in promot ing compet i t ion in the publ ic procurement markets by identifying and correcting bid-riggings through strict law enforcement. Through detection of bid- rigging and by punishing the violators through its orders, CCI has been effectively preventing bid-rigging and making companies learn that the bene�ts of bid-rigging are smaller than the losses they will suffer once their collusion is identi�ed.



nd FOIR 2 Executive Management Workshop for Regulators

The Forum of Indian Regulators (FOIR), in collaboration with the Indian Institute of Corporate Affairs (IICA) conducted a 'One- day Executive Management Workshop' in Daspalla Hotel, Vizag on 28th January 2019.

Shri S. Machendranathan, Chairperson, FOIR discussed the promotion of the growth of independent regulatory mechanisms. He also stressed upon the transparency in the working of the regulatory bodies. Further, he discussed that in the existence of multiple regulators both at state and central level, the need for coordination is more important than ever. This coordination can be facilitated with the help of FOIR.

T h e w o r k s h o p w i t n e s s e d e n g a g e d participation from over 45 current and former Regulators (Chairman and Member of various

Regulatory Commissions). The workshop also featured panel discussions on 'Achieving Regulatory Harmony' and on 'Mainstreaming Consumer Interest into Regulatory Decision Making'.

School of Finance

1. Training Programme for India Post Payments Bank (IPPB)

India Post Payments Bank was the priority agenda of Government of India towards �nancial inclusion. During FY 2018- 2019, total 1,155 of�cers from IPPB were trained at IICA. The main objective of the programme was to equip newly recruited IPPB employees to ful�ll the government objectives of covering major portion of the country's population in the ambit of formal banking. The of�cers were able to absorb many take aways which were to be straightaway implemented at their respective work situations.

2. Fraud Risk Management Programme for ONGC

The School of Finance successfully conducted 2-day training programme for 26 senior o f�cers f rom ONGC on �Fraud Risk Management� from August 06-07, 2018 at IICA Campus. The objective of the programme was to provide signi�cant expertise and awareness on f raud and cor rupt ion malpractices. In support of developing fraud



risk management strategies, the ONGC of�cers were equipped with clear insights of basic and advanced concepts of fraud risk management. The participants were provided practical tools and methods required for fraud prevention, detection and investigation.

3. Mid-Career Training Programmes (MCTP) for India Posts & Telecomm- unication Accounts and Finance Service (IP&TAFS) Cadre officers

The School of Finance conducted two Mid-Career Training Programmes (MCTP) for India Posts & Telecommunication Accounts and Finance Service (IP&TAFS) Cadre of�cers. The �rst Mid-Career Training Programme was targeted at director level of�cers from November 26-December 21, 2018 spanning over 4-weeks. The Second Mid-Career Training Programme was targeted at additional secretary level of�cers from February 18-March 09, 2019 over 3-weeks. The programme was designed after detailed training need assessment and focused on three main areas - technical components (related to telecom and posts), contemporary developments in domain of corporate affairs (like Insolvency and Bankruptcy Code, Corporate Governance, Corporate Social Responsibility, Companies Act etc.) and behavioral component (like communication, negotiation, emotional intelligence, time and stress management etc.). Participants were also taken for interaction-cum-exposure visits to Ministry of Corporate (MCA), Niti Aayog, National Law University (Jodhpur), Sterlite Centre for Smarter Network, Navel HQ (Goa) and Central Registration Centre (CRC).

4. Leadership Development Programme for UCO Bank

The School of Finance conducted 5-day Leadership Development Programme from August 6-10, 2018 for 41 of�cers from UCO

Bank at IICA Campus. The programme was designed for emerging leaders of UCO Bank who assumed the responsibility at senior position in the Bank. The key outcome of the programme was to see business implications of different strategies which aim to develop awareness of global issues affecting the banking industry. During the 5-day training, the of�cers of UCO Bank were provided in depth knowledge to develop key technical, interpersonal and teamwork skills to effectively manage teams for the success of the Bank. The participants were also asked to prepare a 90-day action plan linking learning with actual implementation.



School of Corporate Law

Six Weeks Induction Training Programme for Insolvency and Bankruptcy Board of India (IBBI) officers at IICA Campus, IMT Manesar

Dr. M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India inaugurated the Induction Programme for Grade 'A' Of�cers in the august presence of Dr. Sameer Sharma, Director General and Chief Executive Of�cer, Indian Inst i tute of Corporate Affa i rs, Sh. Sumant Batra, Professor of Practice and Dr. Pyla Narayana Rao, Assistant Professor, IICA. The IBBI has recruited 18 Grade 'A' of�cers, the �rst batch of of�cers, through an open competitive examination. These of�cers have quali�cations in law, economics, commerce , managemen t , company secretaryship, chartered accountancy or cost accountancy. The Indian Institute of Corporate Affairs has delivered the Induction Programme at its campus at IMT Manesar, Haryana. Based on TPI (theoretical knowledge, practical skills and interaction need) theory of induction, the programme aimed to prepare the of�cers for a regulatory role in the realm of insolvency and bankruptcy while exposing them to nuances of the various processes under the Insolvency Bankruptcy Code, 2016 and work-life balance.

In his inaugural address, Dr. Sahoo emphasised that as a regulator, it is the job of the IBBI to make it easy for �rms to do business, which provides sustenance, livelihood and growth. Making it easy really means providing, promoting and protecting economic freedom. However, the laws relating to economic freedom allow greater latitude to businesses but ascertaining the latitude and using it appropriately requires considerable dexterity on the part of the regulator.

Six Month Certificate Course on th th Corporate Law (Online) - 6 & 7 Batch

This is one of the �agship programmes of the School of Corporate Law running into its Seventh Batch. Around 218 participants have been bene�ted from this course which is extensive with 120+ hours of live classes. The participants are from corporate, individual professionals, sponsored candidates, Government of�cials and students. The course runs through a sophisticated LearningManagement System (LMS). It has been appreciated widely by the learners for its structured content and exhaustive delivery.

Three Month Certificate Course in Insolvency and Bankruptcy Laws &

nd rd th Procedures – 2 , 3 and 4 Batch

This is another �agship programme of School of Corporate Law running into its Fifth Batch in FY 2018-19. Around 144 participants have

Dr. Niraj Gupta, Associate Professor-SoCG&PP & Dr. J. N. Gupta, Former Whole-Time Director, SEBI During Opening



been bene�ted from this course which is extensive with 50+ hours of live classes. The participants are from corporate, individual professionals, sponsored candidates, Government of�cials and students. The course runs through a sophisticated Learning Management System (LMS). It has been appreciated widely by the learners for its structured content and exhaustive delivery.

School of Corporate Governance & Public Policy

IICA-DPE 5 Day Training Programme on “Compliances under Company Law, SEBI Rules, Regulations & Guidelines” | 28th May - 1st June, 2018 | Guwahati

IICA School of Corporate Governance and Public Policy concluded its 5 days Training programme for PSU of�cials on �Compliances under Company Law, SEBI Rules, and Regulations & Guidelines� in Hotel Gateway Grandeur, Guwahati on between 28th May - 1st June, 2018. The programme was led by IICA School of Corporate Governance & Public Policy. Dr. Niraj Gupta, Associate Professor, IICA School of Corporate Governance &Public Policy, Shri J. N. Gupta, Former Executive Director, SEBI; Shri G. P. Madaan, Founder, Madaan Law Of�ces and Shri Amit Gupta, Founder, Amit Gupta & Associates Company Secretaries led the sessions and served as the key faculty for this workshop.

5 Day programme summary captured presentations, group discussion, case studies and interactive dialogue on compliances and its effectiveness under Companies Act 2013 & SEBI Regulations. This programme a l so f ocused on Ko tak Commi t t ee Recommendations and Changes in LODR, Corporate Reporting, Regulatory Requirement, Emerging Trends, Governance Scoring- a journey to best governed company, Regulatory Requirement, Emerging Trends, Appointment Of Managerial Personnel and KMPs & �nancial reporting and Dividends, Managerial Remuneration, Accounts, Audit and Auditors.

The event brought together some 37 CPSE's of�cials from Pan India to discuss the current compliance issues, challenges and solutions. It also provided a valuable networking opportunity and set the stage for further cooperation among the legal and compliance community.

IICA – DPE One-Day Programme on Internal Financial Controls under Companies Act 2013 | 20th July, 2018 - 20th July, 2019 | Delhi

The Indian Institute of Corporate Affairs (IICA) in association with the Department of Public Enterprises (DPE) concluded a one day workshop on �Internal Financial Controls under the Companies Act 2013� on 20th July 2018 at the India Habitat Centre. The programme, organised by the IICA School of Corporate Governance and Public Policy



(SoCGPP) witnessed engaged participation from 58 Senior Executives, representing over 30 CPSEs/SLPEs in India. Designed by IICA (as per DPE requirements), this one-day workshop was organised with the objective of providing participants with clear insights to better understand internal control concepts as per the requirement of Companies Act 2013, and to equip them with practical tools and methods required for the implementation framework.

The one-day workshop on �Internal Financial Controls under the Companies Act 2013� was inaugurated with opening remarks by Shri. R.C. Gautam, Deputy Director General, DPE; Shri. Rakesh Kakkar, Deputy Director Department of Public Enterprises and Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA who welcomed the participants on behalf of DPE and IICA respectively. Characterised by interactive sessions, presentations and case studies, the programme was facilitated by CA Jagdish Kapoor, Independent Director & Consultant, CA Sunil Kalra, Partner, GRIC & Forensics, Mazars and Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA. The programme concluded with closing remarks and certi�cation ceremony presided by Dr. Niraj Gupta, Associate Professor, SoCGPP and Shri. Saibal Sarkar, Director, DPE.

IICA – ONGC Programme on Fraud Prevention, Detection and Investigation | 6th-7th August, 2018 | IICA Campus

The Indian Institute of Corporate Affairs (IICA) in association with the Oil and Natural Gas Corporation Limited (ONGC) concluded a two-day workshop on �Fraud Prevention, Detection and Investigation� on 7th-8th August 2018 at the India Institute of Corporate Affairs, Manesar.

The programme, organised by the IICA witnessed engaged participation from 26 ONGC Senior Executives, from various of�ces of ONGC across India. Designed by IICA (as per ONGC requirements), this two-day workshop was organised with the objective of providing participants with clear insights to better understand basic concepts of fraud risk management, and to equip them with practical tools and methods required for fraud prevention, detection and investigation.

The two-day workshop on �Fraud Prevention, Detection and Investigation� was inaugurated with opening remarks by Shri G.K. Valecha, CGM, ONGC; Ms. Alka Mittal, General Manager HR, ONGC, Dr. Naveen J. Sirohi, Associate Professor, SoF and Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA who welcomed the participants on behalf of ONGC and IICA respectively.

Characterised by interactive sessions, presentat ions and case studies, the programme was facilitated by Shri Harish Dua, Independent Business Governance- Advisor, Shri N. G. Shankar, CA, Shri Balwinder Sing, IPS Of�cer & former Special Director of CBI, Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA & Dr. Naveen J. Sirohi, Associate Professor, SoF, IICA.



The programme concluded with closing remarks and certi�cation ceremony presided by Shri G. K. Valecha, ONGC; Ms. Alka Mittal, ONGC, Dr. Naveen J. Sirohi, Associate Professor, SoF and Dr. Niraj Gupta, Associate Professor, SoCGPP.

IICA – IFC World Bank Master Class on 'Building Better Boards' | 27th-28th August, 2018 | Mumbai

The Indian Institute of Corporate Affairs (IICA) in association with the International Finance Corporation, a World Bank Group concluded a two-day Master Class on �Building Better Boards� on 27th � 28th August 2018 at the Hilton Mumbai International Airport, Mumbai.

The programme, organised by the IICA School of Corporate Governance and Public Policy (SoCGPP) witnessed engaged participation from 39 Independent Directors, CEOs and Senior Executives, representing 22 major public and private sector enterprises in India. Designed by IICA and the IFC, this Master Class was organised with the objective of helping participants gain actionable best

practices and guidance to make an immediate impact in their boardrooms.

The two-day Master Class on �Building Better Boards� was inaugurated with the opening remarks by Dr. Chris Pierce, IFC Master Trainer and CEO of Global Governance Services Ltd, Dr. Vladislava Ryabota, Lead, IFC Corporate Governance South Asia and Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA who welcomed the part ic ipants on behalf of IFC and IICA respectively. Characterised by interactive sessions, role play, presentations and case studies, the programme was facilitated by Dr. Chris Pierce, Dr. Niraj Gupta, Dr. Vladislava Ryabota, Mr. J. N. Gupta, F o r m e r E x e c u t i v e D i r e c t o r, S E B I , Dr. Mahendra Chouhan, Chairman, FINO Payments Bank and Dr. Anil Khandelwal, Celebrated Former Chairman of Bank of Baroda. The programme concluded with closing remarks and certi�cation ceremony presided by Mr. Ashish Chauhan, CEO of Bombay Stock Exchange and Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA.



“Governing Corporate Affairs” for Young Professionals from Ministry of Corporate Affairs (MCA) | 10th – 14th September, 2018 | IICA Campus

The School of Corporate Governance and Public Policy (SoCGPP) has successfully conducted a �ve-day training programme on �Governing Corporate Affairs� for Young Professionals from Ministry of Corporate Affairs (MCA) from 10th � 14th September, 2018 at IICA Campus. The total number of participants were nineteen (19), �ve (5) from R & A Division, MCA and fourteen (14) from Statistical Division, MCA. The programme was designed in a manner to provide an overview of corporate affairs discipline for exposing the participants to the key areas / regulations under the broad umbrella of Ministry of Corporate Affairs.

The programme covered nineteen sessions over the period of �ve days with wide areas such as; Overview of Companies Act 2013 and key provisions, Role of ICT and E-Governance in Corpora te A f fa i rs , Demystifying �nancial statements, Regulating Markets & Competition Law, Governance of Socially Responsible Initiatives, Financial management of CSR, Corporate Frauds-Issues and Challenges, Corporate Affairs Reforms and Initiatives, GST - Key Issues and concerns, Introduction to Indian Accounting Standards, Start ups & SMEs in India. The sessions were delivered by both internal as well as guest faculties.

IICA – DPE Orientation Programme for Govt. Nominee Directors of CPSEs | 17th-18th September, 2018 | IICA Campus

The Indian Institute of Corporate Affairs (IICA) in association with the Department of Public Enterprises concluded a two-day orientation programme for Govt. Nominee Directors of CPSEs on 17th � 18th September 2018 at the IICA Campus, Manesar, Haryana.

The programme, organisedby the IICA School of Corporate Governance and Public Policy (SoCGPP) witnessed engaged participation from 18 Govt. Nominee Directors (Addl. Secretaries, Joint Secretaries, Directors & Economic Of�cers) representing major public sector enterprises under various Ministries in India. Designed by IICA in consultation with DPE, this capacity building initiative was organised with the objective of helping participants gain actionable best practices and guidance to make an immediate impact in their boardrooms.

The two-day capacity building programme was inaugurated with opening remarks by Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA and Dr. Arun K. Rath, Former Secretary, Ministry of HRD.

Characterised by interactive sessions, presentat ions and case studies, the programme was facilitated by Dr. Niraj Gupta, Dr. Arun K. Rath, Mr. Shardul Shroff, Executive Chairman, Shardul Amarchand Mangaldas & Co., Mr. Prashant Saran, Former Whole-time Director, SEBI, Dr. Vinayshi l Gautam, Chairman, DK International Foundation, Dr. Ashish K. Bhattacharya, Director, IMT Gaziabad and Mr. Harish Dua, Adjunct Faculty, SoCGPP, IICA.



IICA Two-Day Workshops on Governance of CSR Initiatives Batch-I| 8th-9th October 2019 | IICA Campus

The Indian Institute of Corporate Affairs (IICA) conc luded a two-day workshop on �Governance of CSR Initiatives� at the India Institute of Corporate Affairs, IMT Manesar.

The programme, organised by the IICA witnessed engaged participation from 39 CSR Heads & Senior Executives, from 25 companies across India. IICA designed this two-days workshop with the purpose of enhancing the capacity building of CSR Committee members, and other CSR professionals engaged in the process for helping them out in governing the affairs in a strategic manner for further contributing it to the corporate governance of the company in line with the best global practices.

The two-day workshop on �Governance of CSR Initiatives� was inaugurated with opening remarks by Dr. Niraj Gupta, Associate Professor, School of Corporate Governance & Public Policy, IICA who welcomed the.

Characterised by interactive sessions, presentations a n d c a s e s t u d i e s , t h e programme was facilitated by Shri Viraf Mehta, Chief Executive, Partners in Changes, Shri Shankar Venkateswaran, Past Chief Tata Sustainability Group, Col. Prakash Tewari, Chief Executive Director, DLF Limited, Dr. Suraj Kumar, Adjunct Faculty, IICA, Shri Sudhir Sinha, Advisor PWC India, Shri Abhishek Tripathi, Director PWC India and Dr. Niraj Gupta, Associate Professor, SoCGPP.

IICA Two Day Workshops on "Governance of CSR Initiatives" Batch II | 17-18 December, 2018 | Goa

The Indian Institute of Corporate Affairs (IICA) conc luded a two day workshop on �Governance of CSR Initiatives� on 8-9 October 2018 at the India Institute of Corporate Affairs, Manesar.

The programme, organized by the IICA witnessed engaged participation from 27 CSR Heads, Independent Directors & Senior Executives, from 25 companies across India. IICA designed this two days workshop with the purpose for enhancing the capacity building of CSR Committee members, and other CSR professionals engaged in the process for helping them out in governing the affairs in a strategic manner for further contributing it to the corporate governance of the company in line with the global best practices.

The two day workshop on �Governance of CSR Initiatives� was inaugurated with opening remarks by and Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA who welcomed the participants on behalf of IICA.

Characterized by interactive sessions, presentat ions and case studies, the programme was facilitated by Shri Shankar Venkateswaran, Past Chief Tata Sustainability Group, Col. Prakash Tewari, Chief Executive Director, DLF Limited & Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA.

IICA-DPE Program for "Government Nominee Directors"| 17-18 January, 2019 | Pondicherry

The Indian Institute of Corporate Affairs (IICA) conc luded a two day workshop on �Government Nominee Directors� on 17- 18 January, 2019 at Hotel Shenbaga Hotel Pondicherry.



The programme, organized by the IICA in association with DPE witnessed engaged participation from 14 senior of�cials holding the position of Economic Advisors, EDs, ADGs, OSDs, DGs & other senior of�cials from 13 Ministries across India. Across the world, we are witnessing earnest efforts by national government and high performing organisations to raise the standards of corporate governance.

The two day workshop on �Government Nominee Directors� was inaugurated with opening remarks by and Dr. Anup K. Pujari, Former Secretary of GOI. Dr. Niraj Gupta, Associate Professor of SoCGPP welcomed the participants on behalf of IICA.

Characterized by interactive sessions, presentat ions and case studies, the programme was facilitated by Professor M. K. Chouhan, Vice Chairman, Global Advisory Board , As ian Cen t re fo r Corpora te Governance, Mr. I. C. Kamboj, Founder Kamboj Law Chambers, Mr. Harish Dua, Adjunct Professor, IICA, Mr. Parvatheesam Kanchinadham, Chief Compliance Of�cer, Tata Steel & Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA.

PSU'S-Repositioning Programme “Creating Strategic Leadership on Cost, Performance, Innovation & Impact” | 25 Feb. to 1st March 2019 | Agartala

The Indian Institute of Corporate Affairs (IICA) with Department of Public Enterprises (DPE) concluded a �ve day �PSU's-Repositioning

programme creating strategic leadership on cost, Performance, Innovation & Impact� from 25th February, 2019 to 1st March, 2019 in Hotel Ginger, Agartala, Tripura.

IICA designed �ve day training program for promoting training programs in North East region as part of the policy initiatives of GOI. The above participants were from senior and middle level professionals working in the area of strategic cost management, performance management, innovation and impact in their respective organizations.

IICA with DPE conducted a �ve day �PSU's-Repositioning programme creating strategic leadership on cost, Performance, Innovation & Impact� from 25 th February, 2019 to 1st March 2019 in Agartala, Tripura was inaugurated with opening remarks by Shri R. C. Gautam, Dy. Director General, Department of Public Enterprises & Dr. Niraj Gupta ,Associate Professor of SoCGPP welcomed the participants on behalf of IICA.

Characterised by interactive sessions, presentat ions and case studies, the programme was facilitated by Dr. Sanjay Goyal, Director Amity Business School & Dean Industry Integration, Amity University, Dr. Anurag Ateet Gupta, Former Executive Director, Indian Oi l-R&D, Dr. Ahindra Chakrabarti, Director Great Lakes Institute of Management, Dr. G. P. Rao, Founder & Managing Partner at GPR HR Consulting, Col. Prakash Tewar i (Retd) , Independent Consultant - Sustainability & Dr. Niraj Gupta, Associate Professor, SoCGPP, IICA



Centre for Micro, Small and Medium Enterprises

Two-day Organisation specific in-company Programme on “Governance, Regulatory & Compliance Manage-ment for MSMEs and Present GST Regime” - 14th - 15th June, 2018 - Shimla

The Centre for MSME has successfully conducted a 2-day Capacity Building Training Programme on �Governance, Regulatory & Compliance Management for MSMEs and Present GST Regime� from 14th - 15th June, 2018 at Conference hall, Udyog Bhawan, Shimla. The programme was designed to provide intensive training to the nodal of�cers of the support agencies for the MSMEs i.e. Industry Department, Government of Himachal Pradesh, to provide insights from the ground level and equip the state agencies and their nodal of�cers to further educate and

support MSMEs teams in-house to identify applicable statues that they have to abide as per the nature of their business and sensitise them about the compliances relating to l icenses, approvals, returns records / reg is te rs , s ta tu tory dues and other compliances, who directly deals with or interest in Governance, Risk and Compliance functions of their respective organisations.

Three-Day Training Programme on “Effective Procurement & Contract Management” - 20th-22nd June, 2018 – IICA Campus

The Centre for MSME has successfully conducted a 3-day Capacity Building Training Programme on �Effective Procurement & Contract Management� from 20th June to 22nd June, 2018 at IICA Campus, Manesar. The programme was designed to provide intensive training to the purchasing and supply managers, procurement managers, project managers, commercial managers, contract managers, Finance Of�cers and supply controllers of the Central Public Sector Undertakings & Corporates to provide insights on major issues like intricacies in Public Procurement, enhancing ef�ciency of Public and Private sector through effective supply chain management, evolving trends in public procurement, e-procurement, policy and regulatory issues and many other related critical issues of today and the future.

Centre for MSME has successfully conducted Interactive Workshop on Corporate Finance, IPO, Funds Raising, Valuation & Wealth Creation on 11th August, 2018 at New Delhi.

Interactive Workshop on Corporate Finance, IPO, Funds Raising, Valuation & Wealth Creation - 11th August, 2018 – New Delhi

Centre for MSME took this initiative to raise awareness among the MSMEs to tap the capital market as an alternate funding source.



The workshop is intended to disseminate knowledge about the rapidly growing SME Stock exchanges which help SME corporate in availing enormous bene�ts like greater access to funds easily and quickly in an ef�cient & credible manner, business value creation, wealth creation, scaling up globally, extensive tax savings, lower debt burden, corporate image building, greater creditability and many more which in turn will help growing SME companies to realize full business potential, transform the business valuation, wealth creation and achieve business goals.

Three-Day Training Programme on “Procurement (Procedures & Contracting), Tenders, Bids & Contract Management” - 22nd-24th August, 2018 – IICA Campus

The Centre for MSME has successfully conducted a 3-day Capacity Building Training Programme on �Procurement (Procedures & Contracting), Tenders, Bids & Contract Management� from 22nd August to 24th August, 2018 at IICA Campus, Manesar. The programme was designed to provide intensive training to the purchasing & supply managers, procurement managers, project managers, commercial managers, contract managers, Finance Of�cers and supply controllers of the Central Public Sector Undertakings & Corporates to provide insights on major issues like intricacies in Public Procurement, Enhancing ef�ciency of Public and Private sector through effective supply chain management, evolving trends in public procurement, e-procurement, policy and regulatory issues and many other related critical issues of today and the future.

Three-Day Training Programme on “Procurement (Procedures & Contracting), Tenders, Bids & Contract Management” - 26-28 September, 2018 – Bangalore

The Centre for MSME has successfully conducted a 3-day Capacity Building Training Programme on �Procurement (Procedures & Contracting), Tenders, Bids & Contract Management� from 26th September to 28th

September, 2018 at Bangalore. The programme was designed to provide intensive training to the purchasing & supply managers, procurement managers, project managers, commercial managers, contract managers, Finance Of�cers and supply controllers of

the Central Public Sector undertakings to provide insights on major issues like intricacies in Public Procurement, Enhancing ef�ciency of Public and Private sector through effective supply chain management, evolving trends in public procurement, e-procurement, policy and regulatory issues and many other related critical issues of today and the future.



Four-Day Training Programme on “Procurement (Procedures & Contracting), Tenders, Bids & Contract Management” - 4th-7th December, 2018 – Goa

The Centre for MSME has successfully conducted a 4-day Capacity Building TrainingProgramme on �Procurement (Procedures & Contracting), Tenders, Bids & Contract

th thManagement from 4 December to 7 December, 2018 at Goa. The programme was designed to provide intensive training to the purchasing and supp ly managers , procurement managers, project managers, commercial managers, contract managers, Finance Of�cers and supply controllers of the Central Public Sector undertakings to provide insights on major issues like intricacies in Public Procurement, Enhancing ef�ciency of Public and Private sector through effective supply chain management, evolving trends in public procurement, e-procurement, policy and regulatory issues and many other related critical issues of today and the future.

Four-Day Residential Training Programme on “Procurement (Procedures, Tenders, Bids), EPC (Engineering, Procurement and Construction) & Contract Management” - 5th-8th March, 2019 – Goa

The Centre for MSME has successfully conducted a 4-day Residential Training Programme on �Procurement (Procedures, Te n d e r s , B i d s ) , E P C ( E n g i n e e r i n g , Procurement and Construction) & Contract Management� from 05th March to 08th March, 2019 at Goa.

The programme was designed to provide intensive training to the purchasing & supply managers, procurement managers, project managers, commercial managers, contract managers, Finance Of�cers and supply controllers of the Central Public Sector Undertakings to provide insights on major issues like intricacies in Public Procurement, Enhancing ef�ciency of Public and Private sector through effective supply chain management, evolving trends in public procurement, e-procurement, policy and regulatory issues and many other related critical issues of today and the future.

National Foundation for Corporate Social Responsibility (NFCSR)/ School of Business Environment

2 Day Training programme on CSR: Mastering the Art of Fund-raising & Implementation

SoBE/NFCSR under IICA successfully conducted a 2-day Training Programme on � Mastering the Art of Fundraising and Implementation of CSR� for the employees of FMDI - IFFCO on 1st & 2nd December at Gurugram, Haryana. The programme was designed to provide an accurate overview of corporate social responsibility. The program brought together 27enthusiastic participants who were also tenured resources from different departments of FMDI.

A total of seven sessions were covered under the pertinent area of the training programme which were: 1. Understanding Corporate



Social Responsibility, 2. Implementation of Effective CSR Program, 3. Report ing framework for CSR activities 4. Impactful designing of CSR projects to facilitate fundraising. 5. Sustainable development goals, setting benchmarks and indicators for CSR studies 6. Measuring the impact through CSR Need, Base line and Impact studies, 7. Social return on investment.

Apart from the in-house faculty members - Dr. Garima Dadhich, Ms. Sudha Rajagopalan, and Ms. Divya Banerjee; the participants were enlightened by two of the veterans from the�eld of CSR: Mr. Sudhir Sinha and Ms. Padma Raghavan. All the sessions were appreciated. The participants shared their feedback and described the programme to be very engaging and informative.

Capacity Building Programme in CSR For GAIL

SoBE/ NFCSR under IICA successfully conducted a Capacity Building Programme on Corpora te Soc ia l Respons ib i l i t y fo r implementing partners of GAIL on 8th March 2019 at GTI (GAIL Training Institute), Noida. The programme was designed to provide an absolute understanding of Corporate Social Responsibility, policy understanding and CSR Process Execution. The program brought together 26 experienced participants who have been in the development sector and contributed to execution of CSR projects.

The participants designed a comprehensive understanding of their role in implementation of CSR projects vis-à-vis CSR systems, processes, policy and guidelines applicable at GAIL and developed understanding of providing information that is easily accessible, retrievable and well documented apart from the in-house faculty members - Dr. Garima Dadhich and Ms. Divya Banerjee; the participants were enlightened by two of the veterans from the �eld of Social Responsibility: Mr. Debadideb Dutta and Mr. Shankar Venkateswaran.

Batch IV of ICP in CSR Course

SoBE/NFCSR launched the IV batch of IICA certi�ed professional programme in CorporateSocial Responsibility. The 9-month IICA certi�cate Programme (ICP) in CSR is aimed at developing trained and cert i�ed CSR professionals in the country. The programme is a professional and knowledge-oriented IICA patent, delivered over a period of nine months. Those trained, it is envisaged, would be highly valued for their professional expertise and merit in the �eld of CSR in India.

Two-day MDP on strategizing CSR for Sustainable Development

The Indian Institute of Corporate Affairs (IICA) s u c c e s s f u l l y c o n c l u d e d a t w o - d a y Management Development Programme (MDP) on �Strategising CSR for Sustainable Development� on 13th-14th December 2018 at the IICA Campus, Manesar. Keeping the focus on the national and global agenda of sustainable development, this two-day MDP for sustainability professionals was designed to provide a holistic view of CSR, project design, development, implementation, monitoring, impact assessment and reporting. Leading the programme were Mr. Shankar Venkateswaran, Adjunct Faculty, IICA; Dr. Garima Dadhich, Assistant Professor, SoCG & PP and Coordinator,NFCSR and Mr.Mathew John, CPE,CESD.



IICA – Indo-Singapore Governance for Sustainability | 20th – 25th May, 2019

The Indian Institute of Corporate Affairs (IICA), concluded a �ve day Indo-Singapore workshop on �Governance for Sustainability� on 26 May 2019 in Singapore The programme, organized by the Centre of Excellence for Sustainable Development witnessed engaged participation from senior leadership of MHRD and 7 PSUs. Designed by IICA, this �ve-day workshop was organized with the objective of familiarising participants with a variety of concepts related to sustainability at three levels�individual, organizational, and societal, with particular emphasis on corporate governance, and the evolving role of business in society. Using cases, simulations, international guest speakers and re�ections, the programme encouraged participants to sharpen their ability to critically analyse and debate complex and systemic issues from an informed position.

The �ve-day capacity building programme 'Governance for Sustainability' was inaugurated with opening remarks by Dr. Garima Dadhich, Assistant Professor, SoCG & PP and Coordinator, NFCSR, who welcomed the participants on behalf of IICA. Characterised by interactive sessions, presentations and case studies, the programme was facilitated by Sh. Dinesh Agarwal, Advisor,CII�CESD; Shri. Prashant Saran, Former Executive Director, SEBI, Ms. Chitra Khanna, Head � Safety Initiative, Safe in India Foundation; Dr. Amit Lahiri, Chief Sustainability Of�cer, OP Jindal Global University, Dr. Rachna Gupta, Haryana Institute of Public Administration, Sh. Tanmay Bhargav, Executive Director, KPMG; Sh. George Abraham, Chairman, The GA Group;

Dr. Tania Nagpaul, Lien Centre for Social Innovation, Singapore Management University; Dr. Madhuri Sharma, Psychologist � Raf�es Hospital, Singapore, Singapore Institute of Management.

I ICA Indo-Singapore 'Governance of Sustainability' also featured a �eld visit to the INTERPOL Global Complex for Innovation (IGCI). Participants were welcomed and escorted by Ms. Emily Brooke, Directorate Secretary, Capacity Building and Training. Following a tour of the IGCI Command and Coordination Centre, participants were briefed on the various path breaking initiatives championed by INTERPOL on cyber risk governance, innovation in policing, INTERPOL database operations, global communications and in building sustainable public-private partnerships. The brie�ngs were facilitated by Ms. Chor Ping Woo, AD, Executive Of�ce, IGCI; Mr. Takayuki Oku, AD, Investigation and Intelligence, Cybercrime Directorate; Mr. Dough Witschi, AD, Strategic Innovation and Mr. Ratislav Sasik, Project Manager, CBT and Networks Sub- Directorate. The programme concluded with closing remarks and certi�cation ceremony presided by Sh. George Abraham and Dr. Garima Dadhich, Assistant Professor, SoCG & PP and Coordinator, NFCSR.



About ICLS Academy

The Indian Corporate Law Service Academy was founded in the year 2002 to cater the training need of the ICLS of�cers and its subordinate Cadre. The Academy is imparting various high quality professional training programmes to the senior of�cers from MCA, Junior technical assistant, Company prosecutor, CBI of�cers and mid-career training to the ICLS of�cers. The mission of the academy is to train the of�cers in keeping view the functioning of the Ministry of Corporate affairs and its �eld of�ces by giving them depth knowledge of accounts, Company law, audit procedure and conducting On the Job Training in the various of�ces of ROCs, RDs, OLs and MCA.

Milestones of 2018-2019

The academy has achieved a great milestone in last �nancial year 2018-19.We are happy to give you the glimpse of activities and achievements undertaken by the academy during previous �nancial year.

Glimpse of Activities during the year

1. In the month of April 2018, 1st phase of professional training programme was conducted for the 24 ICLS POs on the Companies act and accounting related topics. Three days attachment with Bureau of Parliamentary Studies & Training (BPST) took place from 04.04.2018 to 6.04.2018 in which of�cials from Lok Sabha and Hon'ble MPs had shared the detailed process of parl iament functions. Two weeks mandatory training for 8th batch of�cers (JTS) was conducted from 23.04.2018 to 05.05.2018 on the Corporate Law.

2. 2 MONTH ON JOB TRAINING - A two month On the Job Training was conducted f rom 11.06 .2018 to 03.08.2018 for 23 ICLS of�cers in different of�ces of MCA to get the practical learning. Another four weeks mandatory training programme for STAs who were promoted to JTS was held during the month of July - August 2018

ICLS Academy



3. 2 WEEK MANDATORY TRAINING PROGRAMME - In the month of September, a two week's mandatory training programme for STAs w.e.f. 10.09.2018 to 20.09.2018 was conducted on the advance accounting. As a part of 2nd phase of On the Job Tr a i n i n g p ro g r a m m e 7 w e e k s attachments in Delhi/NCR of�ces of MCA i.e. Serious Fraud Investigation of�ce (SFIO), Competition Commission of India (CCI), IEPF, NCLT and NCLAT were conducted for the 8th batch ICLS of�cers w.e.f. 24.09.2018 to 11.11.2018. A four week mandatory training programme for STS ICLS of�cers was conducted from 19.11.2018 to 14.12.2018. ICLS Ots had a visit to NISM w.e.f.31.12.2018 to 11.01.2019.

4. 2 WEEK MANDATORY ATTACHMENT FOR STA - The tenure from 24th September 2018 to 5th October 2018 was occupied with 2 week mandatory training attachment for STA' s. The programme was attended by of 23 STAs. The training module was consist of topics f rom Companies Act, Charges, Schedule III, various IND AS, Mergers & Amalgamations, IBC , va l ua t i on o f sha res and swap ratios, Accounting in mergers and Acquisitions, winding up of Companies, C la ims, De legat ion o f Powers , Condonation of delays, Fast Track Mergers under Companies Act 2013 and various other relevant laws for the STAs. They were also acquainted with Microsoft word, Microsoft Excel, Microsoft Power-Point and Advance Excel.

5. FOREIGN STUDY TOUR - The Academy had conducted a foreign study tour in association with Singapore University from 13.01.2019 to 25.01.2019 as a part of 2nd phase of professional training programme. Fo l lowing which, a domestic study tour was organized from 04.02.2019 to 19.02.2019 for the 8th batch ICLS of�cers.

st6. 9th Batch Of�cer Training - 1 phase of professional Training programme for the new ICLS of�cers 9th batch was conducted w.e.f 10.12.2018 for a period of 20 months.



Technical Inputs for National Guidelines on Responsible Business Conduct (NGRBC) - 2019

In order to align the National Voluntary Guidelines on the Social, Environmental and Economic Responsibilities of Business - 2011 (NVGs) with the Sustainable Development Goals and the 'Respect' pillar of the United Nations Guiding Principles (UNGP) the

process of revision of NVGs was started in 2015. After, incorporating the suggestions from the various veterans in the �eld, SoBE/ NFCSR facilitated the revision and up-dation of the new principles now known as the National Guidelines on Responsible Business Conduct (NGRBC) released by Ministry of Corporate Affairs. As with the NVGs, the NGRBC are designed to assist businesses t o perform above and beyond the requirements of regulatory compliance.

Technical Inputs for preparing India's stand on Legally Binding Instrument to regulate International Human Rights Law & TNCs

Ecuador expressed its intent to initiate a process to negotiate a legally binding international instrument in the �eld of business and human rights. A stakeholder consultation workshop was conducted by SoBE/NFCSR IICA with respect to preparing country's response on draft LBI which extends civil, criminal and admin liability to companies.

Technical Inputs for preparing National Action Plan on Business and Human Rights-Zero Draft

National Action Plan (NAP) reaf�rms India's commitments towards realisation of human rights and promotion of socially responsible businesses. It provides an overview of India's legal framework setting out the State's duty to protect human r ights, the corporate responsibility to respect human rights and access to remedy against business-related human rights violations. The NAP 'zero- draft' has been prepared to protect against adverse human rights impacts by business enterprises in conformity with the UN Guiding Principles on Business and Human Rights.

Research



Impact Assessment of CSR projects by 100 mining companies in Tribal and Backward region

SoBE /NFCSR is conducting a nation -wide study and survey to assess the impact of the CSR projects by Companies particularly in mining and industrial areas of tribal and backward regions of the country. The study aims to conduct a detailed study on the CSR expenditure and implementation of CSR projects in different development sectors by a sample of 100 companies . T h e m a j o r thematic areas for the study that has been identi�ed are: Poverty, Hunger, Health & Sanitisation, Education, Skill & Livelihood Development; Environmental Sustainability and Rural Development. Zone -wise desk research, setting up of benchmarks and indicators for the study, designing methodology and data collection tools for the study have been developed by SoBE/NFCSR team. Report on Formative Research on Corporate Social Responsibility by NFCSR/SoBE

The study analysed the trend being followed by the corporates while spending the funds earmarked for corporate social responsibility activities. This study was conducted to understand the spending of corporates in last three years, i.e., 2014-15, 2015-16 and 2016-17 towards CSR activities in the local areas of

corporates and the extent of coverage of CSR activities in terms of number of districts covered. The study also analyses the inclusiveness of various development sectors speci�ed in Schedule VII of Companies Act, 2013 for CSR spending. The study was undertaken by collecting the raw data from Ministry of Corporate Affairs (MCA) and re�ned data from CSR Portal of MCA for the year 2014-15, 2015-16 and 2016-17 and analysing it by using statistical tools.

Research on 'Discipline of Independent Directors from Code to Contribution' by SoBE/NFCSR to analyse the �nancial implications of presence, independence and involvement of Independent Directors on Board. The study uses primary(survey questionnaire)and secondary data (raw data from Ministry of Corporate Affairs re�ned) to analyse the association between the variables. Statistical methods such as Descriptive analysis, Cross tabulation and Chi-Square testof association have been used to analyse the collected data. The study found that the



presence of Independent Directors on Board has positive �nancial implications on the company Also, there is signi�cant association of conduct of IDs (independence given to IDs, effectiveness of Board Evaluation Process, involvement of IDs with Stakeholders and Auditors, support by law to IDs) and �rm's �nancial performance (Return on Assets and Return on Equity). Based on the analysis, the study presents meaningful recommendations

such as Creation of a Neutral repository of Independent Directors' credentials, enhancement in Authority, Independence and Involvement of Independent Directors, Encouragement of Women Participation in Board and Improvement in the method of Appointment in the Boards.

Baseline Study Hindalco India Ltd- Birla Copper Unit in Gujarat

The Baseline Study for Hindalco India Ltd. - Birla Copper Unit was conducted using a hybrid methodology for the study - quantitative as well as qualitative research tools to collect data from household, Gram Panchayat, Primary Health centres, Aanganwadi and Schools Authorities from 5 different villages in

Bharuch district, Vagra Tehsil of Gujarat - namely: Dahej, Jageshwar, Luvara, Ambetha and Lakhigham, which were chosen with the view of implementation of possible CSR interventions by the Company's CSR of�cials. Broadly, the thematic areas for the study were Education, Health and Sanitation, Skill Development and Livelihood which are in accordance with the CSR policy of Aditya Birla Group.

The Baseline Study was aligned to the Indicators of SDGs, and MPIs, which is an internationally comparable measure of acute poverty that captures the multiple deprivations,

poor people's experience with respect to health, education and living standards, put together in place as the building blocks of an effective monitoring system, that will measure progress towards the shared objective of sustainable development. Speci�c indicators have been broken down under each of the thematic areas as per the CSR policy of Aditya Birla group on the basis of which data was collected. Data collection was followed by data analysis, data interpretation and report writing.

The baseline study by SoBE/NFCSR is an in-depth study which revealed certain key areas that need urgent attention. Different chapters on data analysis, key �ndings of the village and interventions give a clear picture of the kind of problems faced by people and the needs that are to be addressed along with priority of the intervention. Keeping the Company's CSR Policy in purview, major areas of interventions,

which the company may wish to consider during implementation of the CSR projects, were recommended. The recommendations are suggested by deliberations on several long term and short term programme possibilities.

Impact Assessment Study for the CSR initiatives of Numaligarh Refinery Ltd- Golaghat District, Assam

SoBE/NFCSR conducted impact assessmentstudy for the CSR projects initiated by NRL during the period 2015 - 2018 in Golaghat District in Jorhat region, Assam. The assessment study majorly used primary data collection method to gather in format ion about programme implementation from bene�ciaries. The data collection tools used were survey questionnaires and interview schedules. The questionnaires were scienti�cally designed to obtain household and village- level information on various socio-economic indicators.

The primary data collection involved visiting to 15 villages, out of 102 villages, earmarked by NRL for conducting the assessment. The data collection team interacted with the bene�ciaries and got their views to understand the impact of the programme. To get a more holistic view, they also interviewed the CSR of�cials of NRL to understand the implementation, strengths and challenges of the projects. It helped in understanding the Company's viewpoint and approach towards the programme.

Union Minister of Agriculture & Farmers Welfare Sh. Radha MohanSingh ji inaugurating Solar Street Light

Minister of Tourism, Govt. of Bihar Sh. Pramod Kumar ji inaugurating Solar Water Pump





Primary data was accompanied with data collection from secondary sources such as government reports, of�cial web portals and other of�cial sources to establish indicators and benchmarks for national standards. Data collection was followed by data analysis, datainterpretation and report writing. The data obtained from the 8 CSR initiatives studied for the impact assessment were thematically segregated in the report into: Sanitation, Livelihood, Skill Training, Health, Education, and integrated Rural Development.

Based on the impact assessment �ndings and interaction with the bene�ciaries, the positive and negative aspects of the projects were found and accordingly recommendations for Improvement in the Programme were suggested.

Real Time Monitoring for Agriculture Insurance Company of India Ltd. (AICL)

AICL approached SoBE/NFCSR at Indian Institute of Corporate Affairs (IICA) to assist them in monitoring the implementation of their CSR pro ject phase 2 for Improv ing Infrastructural facilities in selected villages of East Champaran (Motihari), Bihar.

Project Inauguration

The project was inaugurated in Motihari by Hon'ble Sh. Radha Mohan Singh, Union Minister of Agriculture & Farmers' Welfare and Sh. Pramod Kumar, Minister of Tourism, Govt. of Bihar.

The baseline survey conducted in Bihar identi�ed various need based interventions to uplift the status of villages by taking up the following much- needed interventions in the selected villages with an objective of making a measurable difference in the lives of people �

1. Improving access to drinking water by installing solar water pumps.

2. Providing solar street lights in villages which have inadequate or no street lights.

Through the above interventions in the selected villages, the programme envisages to serve the households vil lages in East Champaran, Motihari, Bihar. The programme provided a total of 650 solar street lights, 30 solar water pumps in the villages under the supervision of SoBE/NFCSR at IICA.

The internal monitoring committee at IICA conducted real- time monitoring of the entire project through maintaining regular check and balances to ensure timely completion and compliance to the speci�cations depicted in the Detailed Project Report.

Joining eminent institutions across the country, IICA has begun implementing the �Green Campus Initiative� with the objective to enable effective resource utilisation, waste recycling and improving the overall quality of living within the campus premises. As part of the initiative, system sensors have been updated to ensure the optimal performance of solar PV installations and to assess air quality levels. Landscaping phase of the 'Green Campus' Initiative focused on replacing resource intensive vegetation with perennial and medicinal plants suited to the local climate and weather conditions. In addition, solid waste generated in the campus is now separated into organic and inorganic waste with the organic waste used to generate biomass energy. More Green initiatives are being planned for wastewater treatment as well as recycling and rainwater harvesting in a decentralised manner.

Phase wise plan initiated

The work started on February 11th under Swachhta Action Plan. The area of IICA was divided into 3 parts:. Part A, B and C.

Part B

� All existing trees like Neem, Sheesham Kachnar etc. were trimmed.

� Morepankhi/Thuja were uprooted and shifted in Section C to form a group of Thuja

� Hibiscus and Peeli Kaner planted in place of Thuja/Morepankhi

� Hedges being trimmed in different shapes for beauti�cation.

� Timely treatment on existing plants and trees. Seasonal �owers and grass planted on the dividers

Green Plan of IICA



In the Residential area, the following plants are planted

Part C

Plants like Ashok and other existing big plants shifted near the boundary wall to form a forest like impression. The aim for planting it was thatthey will not only provide good shade,

temperature reduction, noise reduction but also control pollution. These trees will provide a green hug walls or fences and protect the campus with unwanted guests as well. The work is under process. Some of the Plants were Plants Procured for plantation at Different Areas Plantation Programme was organised at IICA on March 13rd, 2019 where IICA, ICLS, CRC of�cers and residents participated in the programme and planted fruit plants at various assigned areas.

Nursery Created

Nursery using the shed of existing trees (Champa trees and other) has been developed and the plants are being treated and being prepared in this Nursery. For example the Bougainvillea branches are kept for formation of new plants from these branches. Likewise the Guldaudi, and other plants are being stored which will be planted as per the season. Seeds of existing plants being stored to be used further.

Indoor Plants

Yuca, Raphis Palm, Peace Lily, Money Plant, Sansevieria and Snake Plant, Jade etc. being kept at various locations, these are oxygen giving plants and are bene�cial for health as well. These plants survive in limited water,

Manure and Medicine

Timely treatment and manure to the plants being provided. Before the start of the Green Plan project it was observed that the plants were highly diseased and the �rst and foremost thing was to make them disease free hence these pesticides were used. The process of complete treatment of plants took 2-3 months. Once they are disease-free only organic farming wi l l be adopted. Al l precautions are being taken while using the pesticides.

Jathropa

Kaner

Hibiscus

Lemon

Grass

Snake Plant and

Sansevaria

Golden

Grass

& Other Seasonal

Plants

Fruit Trees

Tulsi

Basil



Before during and after effects of the plants can be seen at Figure No.

Kaner, Bougainvillea, Jatropha, Raphis Palm, Peace Lilly,

Dust Absorbing and

Environment friendly Plants

For Beauti�cation

and Pollination

Oxygen giving plants/

Air puri�ers

Vinca Portulaca,

Rain lily, Golden Bamboo, TicomaGolden Shower,

Ficus, Snake Plant, Money Plant, Chlorophytum, Erica Palm, Raphis Palm, Sansevieria

Medicinal Value and Mosquito

Repellent Plants

Seed

Germinators

Fruit Plants and Other

Semal, Hibiscus

Aloe vera, Hibiscus, Tulsi, Kari Patta, Citronella, Vinca Basil, Lemon Grass,

Poodina, Long Tulsi, Kapoor Tulsi, American Tulsi, Brahmi, Oregano,

Bringhraj, Stevia, Marjoram, Dhatura, Aak and more

Desi Mango, Jamun, Black Berry, (Shehtoot), Ber, Pomegranate,

Papaya, Lemon, Banana, Guava, Gooseberry (Amla), Karonda etc.



ArboretumA small arboretum is developed near the residential area and the following plants are planted which has medicinal value.

Thyme

Poodina

Kapoor

TulsiLong Tulsi American

Tulsi

Bringhraj

SteviaMarjoram

Organic

Vegetable

Farming already

being done at

IICA

Aloevera

Oregano

Brahmi

Peppermint

Waste Water Treatment Plant

� Waste water treatment plant being procured form NEERI and to be installed very soon.



CHARTERED ACCOUNTANTS

INDEPENDENT AUDITOR,S REPORT

To the Members of lndian lnstltute of Corporate Affairs

Management's Responsibility forthe Financial Statements

The Management is responsible for the preparation of these financial statements that give a

true and fair view of the financial position, financial performance of the lnstitute. This

responsibility also includes maintenance of adequate accounting records for safeguarding of

the lnstitute and for preventing and detecting frauds and other irregularities, selection and

application of appropriate accounting policies making judgment and estimates that are

reasonable and prudent; and design implementation and maintenance of adequate internal

financial controls, that were operating effectively for ensuring the accuracy and completeness

of the accounting records, relevant to the preparation and presentation of the financial

statements that give a true and fair view and are free from material misstatement, whether

due to fraud or error.

Audito/s Responsibility

our responsibility is to express an opinion on these financial statements based on our audit. We

conducted our audit in accordance with the Standards on Auditing issued by the lnstitute of

Chartered Accountants of lndia. Those Standards require that we comply with ethical

requirements and plan and program the audit to obtain reasonable assurance about whether

the financial statements are free from material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on the auditor'sjudgment including the assessment on the risks of material misstatement of the financial

statement of the financial statements, whether due to fraud or error. ln making those

assessments, the auditor considers internal control. relgv-aIlt to the institute's preparation and

fair presentation of the financial statements n/b.rde;AA design audit procedures that are

\rPage I of4 [. I

[^JHead ffice Branch offcas

Y8, 3rd Floor, SAB House, AsafAli Road, Nerv Delhi-110002 479/13, Opposite Civil Hospihl Gali, Cioha* - 191{1ph.: Oj1-232iu267,4,1082625 Mob. : 9810054373, 9873190969 Opposite Khanna Kothi, Khanna Road, Shiv Nagar, Panipat-132103

E-mail : [email protected], amit [email protected] 10/11, KhatiMarket, G. T. Kanral Road, Kundli, Sonepat - 131018

Web : www.$qmup.in

SAJJAN JINDAL & c'O.

We have audited the accompanying financial statements of lndian lnstitute of Corporate

Affairs, which comprise the Balance Sheet as at March 31, 2019 and the lncome & Expenditure

Account for the year then ended and a summary of significant accounting policies and other

explanatory information.

appropriate in the circumstances, but not for the purpose of expressing an opinion on the

effectiveness of the entity's internal control. An audit also includes evaluating the

appropriateness of accounting estimates made by management, as well as evaluating the

overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our audit opinion.

Opinion

ln our opinion and to the best of our information and accordance to the explanations given to

us, the said accounts read together with the significant accounting policies and notes to

accounts, are in conformity with the accounting principles generally accepted in lndia and give

a true and fair view:-

1. ln the case of Balance sheet, of state of Affairs of the above named society as at 31n

March 2019 and

2. tn the case of the lncome & Expenditure count, of the excess of lncome over

Expenditure for the accounting year ended 31st March 2019.

Emphasis of Matter

we draw attention to the following matters in the Notes to accounts of schedule 10 to the

financial statements: -

1. para - (d) regarding advances of Rs. 11,00,99u- recoverable from MCA and the offices

under MCA since Long.

2. para - (g) regarding mismatch in GST balances in books, management informed that

adjustments being done in Financial Year 2019-20 to rectify the same"

3. para - (h) regarding Physical verification of Fixed Assets, management informed us that

complete verification of Fixed Assets is in process for 2018-19 and also planned for

2019-20.

4. ?ara- (k) regarding decision of Advance ruling, management informed us that further

appeal will be filed with the High court regarding the matter and contingent liability of

the same is shown in Notes to the financial. lt is further to note that llCA has already

claimed GST credit of expenses pertaining to AlcL Phase-1 Pro,iect which was the subject

matter of Advance Ruling.NDA\\ I

aotj

Page 2 of 4

ed AC

Other Matters

1. We draw attention to Para - (e) regarding fraud amounting to Rs. L7,17,57O1-

committed by a contract employee during the year 2015-16. A criminal case was filed

under section 420 and 409 of lndian Penal Code before the court of Chief Judicial

Magistrate, Gurugram on 23.06.2016, which is sub-judice before the court' The

Outstanding balance lying under Sundry Debtors has been considered as doubtful and

100% provision has been made during the year 2015-16.

2. During the period, llcA has Booked lncome of Rs 3,29,08,337 having GST liability of Rs

37,32,675 in Delhi GSTN. However, we did not flnd any corroborating expenses related

to Revenue earned in Delhi GSTN/ Delhi Branch. ln our opinion, this might impact

eligibility of ctaiming the lnput Tax credit that has been adjusted against this output

liability as per extant provisions of GST Laws.

3. During the period, llcA has inadvertently claimed GST credit of 38,33,679/- on Facility

expenses/infrastructure facilities, same will be reversed/paid during the Financial Year

2019-20 as confirmed by the CFO,llCA.

4. During our audit, we observed that lnstitute has not accounted/bifurcated Advance

Revenue received and Deferred Revenue out of course lncome earned during the year,

same shall be accounted as required by accounting policies being followed by llcA read

with Revenue recognition norms.

Report on Other Legal and Regulatory Requirements

We report, to the extent applicable that:

1. We have obtained all the information and explanation which to the best of our

Knowledge and belief were necessary for the purpose of our audit;

2. ln our opinion, proper books of account as required by Act, the Rules and by laws have

been kept by the society so far as appears from our examination of these books;

I\'

5. Para- (n) regarding writing off of non recoverable Book Debts of Rs 35,15,254,

management informed us that non recoverable debts has been written off after

requisite approval from competent authority.

\

Page 3 of 4

t\

3. The Balance Sheet and lncome & Expenditure account referred to in this report are in

agreement with the books of accounts maintained by the society.

4. ln our opinion, the Balance Sheet and lncome & Expenditure Account dealt with by this

report read with the notes on accounts; comply with accounting standards issued by

the lnstitute of Chartered Accountants of lndia.

FoT SAJJAN JINDAL co.Chartered Accou

Amit Jindal, FCAPartnerM.No. 518341FRN No. -014054N

t

1aPlace : NEW DELHIDate ;2411012019

UDI^I :- lls 163\tA4AAf, l'1 q{18

Page 4 of 4

INDIAN INSTITUTE OF CORPORATE AFFAIRSBALANCE SHEET AS AT 31st MARCH, 2019

Schedule As at31st March 2019

As At3l st March 2018

CORPUS/CAPITAL ND & LIABILITIES

Reserve and Surplus

Advances & Earmarked Grants

1

2

3Current Liabilities and Provisionsa) Sundry Creditorsb) Other Current liabilitiesc) Provisions

TOTAL

ASSETS

Fixed Assets

lnvestments ( Fixed Oeposit with Bank)

Current Assets, Loans and Advancesa) Bank balancesb) Sundry Debtorsc) Loans & advancesd) Other Current assets

TOTAL

5

Significant Accounting Policies and Notes toAccounts

'10

(Rs. )

199,697,324

28.7 44,467

19,339 98911,525 60523.884.023

(Rs. )

128,716,939

48,105.038

17 850 4a l27,999 01525.944 687

283,191,408

33,329,652

80,000,000

113,429,25215,022.68321.319,83520,089,987

248,615,130

36 563 543

171756.71910.399 64817.255,55312.640.667

283,191,408 248,616,1"0

For lndian lnstitute of Corpotate Atfairs

Chref F rna nce

Di ra & cEo

PlaceDate ^lAFrE

Sa (rY lr' lp1

Chref Admrnrstratrve Officer

As per our separate report of even date

Sajjan Jindal & Co.

Chartered AccountantsFirm Registration

-a

l01,:atN

(CA Amit Jindal)PartnerMembership No 518341

INDIAN INSTITUTE OF CORPORATE AFFAIRSINCOME AND EXPENoITURE ACCOUNT FOR THE YEAR ENOED 3'lst MARCH. 20'19

ScheduleYear ended

March 20193'1st Yoar ended

March 20r831st

(Rs.)

57,000,000

98,905,048

287,31511 380,87557,845,5s231.204.465

577.9534.369,286

27.7551.251,8956,919,9013 792.7 50

436 92930.000

5,253.364

5,314 328

284,597,416 378,387,868

126.267.731

56,372.506

33.144.703

215 784,94068.812,476

7.776.080

6'i, 396

(7,848,392)

58 884 788

(Rs.)

INCOME

Grants in Aid - MCA

Fee - Courses,^/vorkshop/Seminars

Expense Support For MCA(Refer Note Number B(j))

Advances/Grants ulilised:CDM ProjeclNalional CSR AwardAICL Project Phase I

AICL Project Phase llICLS StrengtheningIEPF Projecl

Proiect Assurance FeelCDt4 ProjectNatronalCSR AwardAICL Project-Phase I

AICL Project-Phase ll

IEPF ProjectICLS Strengthening

lnterest Earned

Olher lncome

78,500,000

76,7S1,704

53,003,083

s.394.6426,578,315

123,667,895

3.680,75417r.000

TOTAL (A)

TOTAL {B)

1.105.742723,615

14.'197.315

3.765,200

6,538,603

159,445,915

56 342,661

93.536.438

s,863.567

69.062.8o4

6

EXPENDITURE

Educaiional Training Programmes

Establishment Expenses

Operational and Administrative Expenses

7

8

I

Surplus/Deficit befote Depreciation (A-B)

Depreciation

Surplus/Doficit after Oeprecialion

Pnor Period Expenses(Refer Note Number B(i))

Surplus/(Oeticit) Carriod to General/Corpus Fund

4

Significant Accounting Policies and Notes to Accounts

For Indian lnstitute Corporate Atlairs

Chief Finance

Di r&cEo

Chief Administratrve Ctfi cer

Firm Registartion N

(5,41s,820)]

89 09 691

72

c^,ANESA(eq Iro \ r?

(CA Amit Jindal)Parlner

(

PlaceDale Membershrp No 51834

4ccoui\

/l

270.000

@

As per our separate report of even dateFor Saijan Jindal & Co.Chartered Accountants

10

/ ira \"

INOIAN INSTITUTE OF CORPORATE AFFAIRSSCHEOULES FORMING PART OF BALANCE SHEET AS AT 31st MARCH, 2019

As at 31stMarch 2018

PanicularsAs at 31sr

March 20'19

lRs.)

5 925.674

(2.865.169)

89.092.691

(Rs.)

5.329 487

92 153 39668 884 788

92,153,396166,367,671

36.563.543

(5.329.487)2 095 597

27 423 323

(5 925.874)15,066,09436,563,54333,329,653

Openrng BalanceSurplus / (Defiol) dufing the yearTransfer to Advances & Earmarked grantsTransfer frorn / (to) Capital ReserveTOTAL (A)

Opening EalanceTransf6r (lo)/from G€nera Fund {Reler Para-(a) of Notes loAccounts)Capilalasset acquired out ol Grant for ICLS strengthningTOTAL (B)

General/Corous Fund:

Capital Reserve

128,716,939199,697,324GRANo TOTAL (A+a)

Chrel Frnance Otficer Chef Admrnslralrve Officer & cEo

JI

Aa:--

INDIAN INSTITUTE OF CORPORATE AFFAIRSSCHEDULES FORMING PART OF BALANCE SHEET AS AT 31st MARCH. 20'19

NC AND EARMARKEAs at 31st

March 2019As at 3tst

March 2018Particu la rs

17.040 324

14.152.992

6.122.786

1 1.390 778

48,'105,038

(Rs.)

(601.842)

24.342,254

(6,578,315)

101.788 40050.894.200

(123.667,895)(14 197 315)

5,635 2354 263.307

(9,394.642)(1.105,742)

24 584,168(270.000)

(15.066 094)

11517.55044 228

723 615

LT71 000

3 680 754

555 466

664,398

1815.362

10.000 000

7 007 939

28,7 44,467

1Rs.)

(916.912)

281 739

2 785

Funds For conductinq NationallqS8 /l!ry!!!l:Brought forward from last yearReceived during the yearUtilised during the yearSet aside for MCA tflbal Research workProject Assurance Fee booked

Advance tor CDM Proiect:Brought forward from last yearReceived dufing the yearUtilised during the yearProlect Assurance Fee bookedService lax on Training Expenses / Assurance Fee

Advance trom AICL Phase l:Brought fonvard from last yearRec€ived during the year

Utilised during the yearProject Assurance Fee bookedService tax on Training Expenses / Assurance Fee

Advance from AICL Phase ll:Brought forward from last YearRecerved during the yearUtrlised during the yearProiect Assuranc€ Fee booked

Grants-in-aid General for strenqtheninq of ICLS Academv:Brought forward from last Year1olo Consultation feesReceived duflng the year / Transfer from General Fund

lnterest earned during the Yearlnterest paid during the year

Transfer to Capttal ReserveUtrIsed during the year / Transfer to General Fund

Advance Ior lBBl Research chair:Received during the yearlnterest earned during the YearUtrlrsed dufing the year

AdYa! aelsrlEeE8.elsels!-sXei! :

Received during the yearlnlerest earned during the YearUtrlised during the year

Advance from IEPF Authoritv:Brought forward from last YearRecerved dunng the Yearlnterest earned durlng the YearUlrlised during the year

TOTAL

17 .440,324

(11 380,875)(854,000)251

(601.842)

895

(287,315)

\27,755)

14 152 99250 894 200

(57 845,552)(6,919,901)

35,000,000(31,204,465)

\3.792.7 50)

6,122.786(30,000)

463,815(2,067,689)(2.095 597)

577.953

7,000 000

11,390,778(436,929)423.376

(4,369,286

{x\-tt:. Chief Admrnstrative Offrcer

7t

,r-l l"l,y.n/

\

Chref Frnance Otficer era & CEO

7 000,000

10 000.000

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I

INOIAN INSTITUTE OF CORPORATE AFFAIRSSCHEOULES FORMING PART OF BALANCE SHEET AS AT 31St MARCH, 2019

le 5 - CURRENT

Chief Finance el

E LOANS AND A E

)^. I Y\r\1Chief Adminstrative Officer ral & cEo

As at 31stMarch 2018

As at 31stMarch 2019Particulars

140.661,855206,709

10, 123, 1 0561.283

8.907.359

'11.796,408

(Rs.)

71 .280.072

6.241,3222,4 33,438

8,094.930

15,229.96210,050,000

99,528

(Rs.)

171,7 56,7199,252'l 13

't0,399 64815,022,683

1 .619.827

6,01 7

2.872,812

1 ,100,991112,453

2,562,5318,379,1 35

6 291 ,91 317,255,5532't ,319,83 5

742 3291 1.898.33819.176,1 36

913,85112,640,66720,089,9 87

212,052,547

12.201,671

6,017,299

802,023

169,861 ,7 56

Bank Balances:Bank of lndia - S B & TDRS (tuc No. 604810210000007)Bank of lndia - S B & TDRs (tuc No. 60481 021 0000009)

Bank of lndia - S B & TDRS (tuc No. 670510210000002)

Bank of lndia - C A (tuc No. 60481 021 0000234)

Punjab National Bank - C A (tuc No- 0128002100300784)

Punjab National Bank - S B ( A,/c No- 0128000100602116)

State Bank Of lndia-3832214837 3

Oriental Bank of Commerce [06281 1 32000500]

Su OebtorsSundry DebtorsLess: Provision for Doubtful Debts

16.824,7061,802,023

Loans & Advances:Staff AdvancelVaintenance & Other charges claim recoverable from MCA-CRC

Other AdvancesPrepaid ExpensesSecurity Depositlnput Tax CreditAdvance to Suooliers-ICLS Strengthening-Others 6,291 913

Other C nt AssTDS Recoverablelnterest Accrued but not Due

TOTAL

1 . 100,991293,7 41

2,562.5315,661 164

il

INDIAN INSTITUTE OF CORPORATE AFFAIRS

dule 6 - OTHER ME

Year ended 31stMarch 2018

Year ended31st March 2019Pa rtic ula rs

2,403,890521.595

1.805.451

(Rs.)

1,807 667

(Rs.)1,000,000

92,0802,090,909

940,301

693497.503

SponsorshipsRoyaltyRecoveries from Course Participants/Hostel Charges

Recovery from Occupants of Residential Accomodation

Recovery on account of Maintenance & other charges from MCA-

CRC & llCA staff etc.

l\ilisc Recei6,538,6035,314,3 28TOTAL

Sch e 7. EXPEN ITURE OF CATIONAL RAINING PRO ME


Year ended31st March 2019Pa rticula rs

2,160,8962.048,6753,461.573

1 1.845,6904.769.957

117,487.215

22 493

766.838461,739

1 .457 17719,740,430

807,04385,101.277

964,784147 .715

(Rs.)

140,834Books & PeriodicalsConveyance-FacultySTP in CSR Training expensesHire ChargesOther ExpensesPrinting & StationeryRefreshment Expenses (Ne0

Training & Travelling ExpensesAICL Aroh Expense AccountDiscountMeeting & SeminarsBID fee for RFP

159,445,915126,267,731TOTAL

Schedul - ESTAB HMENT ENSES

Chief Finance Offlcer Chief Administrative Off icer neral & cEo

.\c)

!//

Year ended 31s1

March 2018Year ended

3'l st March 20'19Pa rtic u la rs

(Rs.)33.683.54221 ,108,681

1.550,438277,137

(Rs.)33,720,O29Z',t,375,340

56,342,66156,37 2,506

Retainership and Other ExPenses

SalaryEm lo 's Contribution to NPS/CPF

TOTAL

(Rs.)60,0 38

322,247

1,1,t rlu(

.\ J'

1


D ADMINI ENSESI PERATI

Chief Finance Officer

7q \)o\1Chief Administrative Officer D r General & CEO

I


Year ended31st March 2019Particulars

(Rs.)220,000

55,16895,529

4,079,2818,835,192

61 3,791

3,996,146565,500

1,0',t3,4142,696,969

571 ,2571 5,048,1 06

1,399,300417 ,941384,167

1 ,597 ,2073.214,8265.464,720

17 .447 .571521,663740,653

84,453

(Rs.)300,000300,000

22,32782,734

2,719,0s62.424.119

667,78'197,349

4.029,0781,174,1601 ,635,2111,581.4981 ,443,9522,671,098

75,59827 4,127344,947

1,772,2521,670,9182,537,7853,269,886

164,0263,516,265

370,536

Auditors Remunerationlnternal Audit FeeBank ChargesBooks & PeriodicalsConveyanceFacility ManagementOffice ExpensesRates & TaxesAdvertisementLegal & ProfessionalMembership & SubscriPtionPostage. Telephone & lnternet ExpensesPrinting & StationaryRepair & Maintenance (Buildings)

Repair & irlaintenance (Computers & Others)

Repair & Maintenance - Others)Staff WelfareTravelling ExPenses (Domestic)

Travelling Expenses(Abroad)Watch and WardWater and ElectricityWebsite DevelopmentBad Debts Written OffProvision for Doubtful DebtsGifts & Souvneirs 69,062,85433,',144,703TOTAL

A. SIGNIFICANT ACCOUNTING POLICIES

l. Basis of accountinga) The financial statements are prepared under historical cost convention

on accrual and going concern basis, as per generally accepted

accounting principles and practices and relevant presentational

requirements of the Central Autonomous Body

b) Accounting Policies not specifically referred to are consistent and tn

accordance with generally accepted accounting policies

ll. Government Grants/Subsidiesa) Government grants /subsidies are accounted on realization basis

b) The institute utilizes grants received from Government of lndia for

undertaking the activities approved by the Government. on receipt of

grants in aid (revenue nature Grants) from Government of lndia to the

lnstitute, it is recognized as income and the related expenses are

charged in the lncome and Expenditure Account. The Unutilized grants

at the end of the year is shown as surplus and carried forward to the

subsequent yea(s) after reducing the capital expenditure incurred

during the year and capital reserve is created in the accounts to that

extent. lnterest where ever earned on such funds credited to

respective grant account if the terms of the grant so require. capital

Reserve created will be subsequently adjusted as income in the same

propo(ion as the depreciation written off on the assets acquired out of

the grant.


SChCdUIE- 1O:SIGNIFICANT ACCOUNTING POLICIES AND NOTES FORMING

PART OF THEACCOUNTS FOR THE YEAR ENDED 31"t MARCH

2019

!

ilt.

tv.

Fixed Assetsa) Fixed Assets are stated at cost of acquisition inclusive

freight, duties and taxes, incidental and direct expenses

acquisition.b) Fixed Assets received by way of non-monetary grants,

towards the Corpus Fund), are capitalized at value

corresponding credit to Capital Reserve.

of inwardrelated to

(other thanstated, by

V

lntangible Assets and Amortizationlntangible assets are stated at cost of acquisition or construction less

accumulated amortization and impairment losses if any lntangible assets

are amortized over their estimated useful economic life. Gains or losses

arising from de-recognition of an intangible asset are measured as the

difference between the net disposal proceeds and the carrying amount of

the asset and are recognized in the lncome and Expenditure account

when the asset is de-recognized.

Depreciationa) bepreciation is provided on written down value (WDV) method as per

rates specified in the lncome Tax Act, 1961 except depreciation on cost

adjustments arising on account of conversion of foreign currency

liabilities for acquisition of fixed assets, which is amortized over the

residual life of the respective assets.

b) lntangible assets are amortized on straight line method over a period of

three years.

Vl. LeaseLease Rentals are expense with reference to lease terms.

vlt. Provision, Contingent Liabilities and Contingent assets

a) Provisions are recognized in respect of obligation where, based on the

evidence available their existence at balance sheet date is considered

probable.b) contingent liabilities are shown by way of notes to the accounts in

respect of obligation where, based on the evidence available, their

existence at the Balance sheet date is considered not probable.

Ir

vilt.

B. NOTES TO ACCOUNTS

Grant.

b) Advances and Earmarked Grants

Funds for conductinq NationalCSR Award

An amount of Rs 2,56,00,000/- has been released to llCA by MCA

ii. Advance fo r CDIVI Pro ect -Total amount of Rs '1,96,87,343/-has been released to llCA by

MCA for training and capacity building of MCA personnel as part of

the tr/CA's implementation of the new Plan Scheme "Corporate

Data Management (CDlvl)". Out of which total expenditure of Rs'

1,85,65,860/- (including Rs 2,87,315/- in the current year) has

a) During the year, capital Reserve has been created to the extent of capital

expenditureincurredamountingtoRs.20,g5,5gTl-(netofdisposalofassets)outofGrantreceivedfromGovernmentoflndiaandalsothesaidcapital Reserve has been adjusted amounting to Rs' 53'29'4871- as

incomeatparwithpreviouspracticei.e'GrossDepreciationduringtheyearlessNetAdditionofFixedassetsexceptassetsacquiredoutofICLS

for implementation of National Corporate Social Responsibility

Awards(NCSRA)intheFY2016-17.onbeha|foflvlinistryaSperthe implementation strategy approved by the 'steering Committee

for conducting National CSR Awards' Till 31't March 2019' total

expenditure amounting to Rs. 1,g},g2'2951- has been incurred

(including Rs.1,13,80,875t- in current year) and amount of Rs'

a,Sa,OOOI- was set aside for MCA tribal research work vide IVICA

Letter-F.No.08/05/2018-CSRdated19.02.2019.Further'TotalProject assurance fee of Rs. 21 '00,1511- @ 11o/o of the expenditure

incurredhasbeenbookedasincome(includingRsl2'51'895/-incurrent year) in the lncome & Expenditure Account'

c) A Contingent asset is not recognized not probable.

Retirement BenefitsLeave encashment are accounted for on accrual basis.

\lL,a\\

i))<::-,/

been incurred till 31't March 2019, on which Project Assurance Fee

@ 11% amounting to Rs. 20,38,395/-has been booked as income

(including Rs.27,755t- in the current year) upto 31't March 2019'

iii Advance from AICL ( Phase-1) -

During the year 2016-17, MOU dated 16tn January 2017 is

iv. Adva nce from AICL (Phase-2)-

During the Year 2018-19, a tripartite agreement was entered

between AICL, llCA and Aroh Foundation on 18th January 2019

regarding taking up implementation project for AICL for village

development programme. The entire project is for Rs 3'50'00'000/-

and the same has been released in current year till 31"1 N/larch

20'19. During the year, expenditure amounting to Rs' 3 12'04'4651-

hasbeenincurred.ThePaymenttoARoHFoundationhasbeenmade on the basis of physical verification reports of PMU and the

recommendation of the internal monitoring committee duly

established. Further, Project Assurance fee of Rs 37,92,750/- has

beenbookedasincomeinthelncomeandExpenditureAccountforcurrent FY 2018-19.

executed with Agriculture lnsurance company of lndia Limited

(AICL) regarding taking up implementation project for AICL for

village development programme The entire project is for Rs'

20,35,76,800/- and the same has been released till 31'1 tvlarch

2019 (including Rs. 5,08,94,200/- in the current year)' Further' llCA

hired AROH Foundation on 22nd March 2017 for implementation of

the project. During the year' expenditure amounting to Rs'

5,78,.45,.5521- has been incurred The Payment to AROH

Foundation has been made on the basis of physical verification

reports of PMU and the recommendation of the internal monitoring

committeedulyestablished.Further,ProjectAssurancefceofRs'69,19,901/- has been booked as income in the lncome and

Expenditure Account for current FY 2018-19

\-

v Grants-in-aid General fo r strenqtheninq of lC LS Academv -During the year 2015-16, grant of Rs. 3,50,00,000/- has been

released to llCA by MCA for strengthening of ICLS Academy. The

fund released under Grant-in-aid (General) has been kept inseparate bank account and an amount of Rs. 25,30,504/- earned

as interest till 31"t March 2019 (including 4,63,815/- in the current

year) has been added in the grant fund. Out of which Rs'

20,67,689/- has been paid to MCA in the current year from interest

earned and Rs. 3,33,47,453L has been utilized (including Rs

26,73,5501- in current year) till 31"t March 2019 (inclusive of capital

ExpenditureofRs.20,95,5g7l-&Rs.1,50'66'094/-inthecurrentyear and last year respectively).Further, Rs 30,000/- has been

booked as income towards Consultation Fee

vi. Advance from lnsolvenc v and Bank ruotcv Board of lndia ( tBBr)-

During the year 2018-19, an amount of Rs 100,00,000/- has been

released to llCA by lnsolvency and bankruptcy Board of lndia(lBBl)

for establishment of research chair. The fund released has been

kept in separate bank account.

vii.Advance fro m IEPF Authoritv -During the Year 2018-19

released to llCA bY lnvesan amount of Rs. 70,00,000/- has been

tor Education & Protection Fund (IEPF)

Authority for establishment research chair at llCA The fund

released has been kept in separate bank account i'e Punjab

National Bank's Saving AJc No. 0128000100602116

viii. Advance from IEPF Authoritv -During the year 2017-18, an amount of Rs. 1,15,17,550/- has been

released to llCA by lnvestor Education & Protection Fund (IEPF)

Authority for IEPF Survey, developing communication' Strategy'

modules, lnvestor Awareness Programmes and setting up of

project management unit. The fund released has been kept in

separate bank Account i.e. Punjab National Bank's Saving fuc No'

iAa

0128000100602116 and an amount of Rs. 467,6041- has been

earned as interest till 31st March 2019 (out which an amount of

Rs.423,376/- is earned during current FY 2018-19) and the same

has been added in the Grant Fund. Out of total Grant Rs'

45,40,2861- has been utilized till 31st lVlarch, 2019 (Out of which

Rs. 43,69,286/- has been utilized during the Current F Y 2018-

19). Furlher, Project Assurance fee of Rs 4,36,9291 has been

booked as income in the lncome and Expenditure Account for

current FY 2018-19.

c) llcA had provided electricity and facility services at central Registration

centre,5h Floor, llcA Building and booked the lVlaintenance & other

chargesrecoverablefromthemamountingtoRsl'24'27'9511-outofwhichRs.42,g8,766t-hasbeenreceivedandFurtherRs66'79'020/-hasbeen reversed during the F.Y. 2017-18 and Balance amount of

Rs.'14,50,165/-hasbeenreversedduringCurrentFYinaccordancewiththe decision taken by the Ministry of Corporate Affairs'

d)Loans&AdvancesinSchedule5includesRsll'00'99'l/-asotheradvances which are recoverable from MCA and the offices under ttl'lcA' ln

view of the management, these advances are good & recoverable'

e)Ms.RunaPasricha,acontractemployee,assignedthejobofcoordinatingwith the participants of the second batch of llcA certificate programme in

CSRinduced26candidateswithacriminalintent,misguidedthecandidates under false pretexts and pretences to remit the fee to her

personalbankaccountinsteadofllCAbankaccountancitherebymisappropriated an amount of Rs 17,17,5701 during the year 2015-16

FirstlnformationReport(FlR)wasfiledagainstMs.RunaPasrichaon19.02.2016. Further, a criminal case was also filed under section 420 and

409 of lndian Penal code before the court of chief Judicral tVlagistrate,

Gurgaonon23,06.2016underFilingNo.197595t2016,whichissubjudicebefore the court. During the year 2015-16, Provision for Doubtful Debts

havebeencreatedinthebooksofaccountsforthesimilaramount.

V ii? \' ,'$2\ -'v

,/.,.ct>;

f) Balances of Accounts with some of the parties having debit/credit

balances, Advances & Earmarked grants are subject to

confirmation/reconciliations and consequential adjustments, if any. The

impact of these reconciliations is not likely to be significant.

g) on the basis of reconciliation of GST Returns for the F Y 2018-19,

following adjustments were required, which has been done in the GST

return of September 20'l 9, as per the extant provisions:

i) lmpact of GSTR 2A reconciliation with regards to F Y. 2017-18 has

been effected in September 2018 as being the last month for

availment of excess un-availed input tax credit in accordance with

GST Laws and eventually excess credit availed if any in accordance

with GSTR 24 reconciliation for FY 2017-18 has to be effected in

September 2019 GSTR 3b return.

ii) lmpact of GST reconciliation with regards to F Y 2018-19 has to be

effected in september 2019 GST returns as being the last month for

adjustments related to GST liabilities as well input tax credit

h) During the year 2016-17 and year 2017-18 physical verification was

conducted for the assets purchased during the year and no discrepancies

were noticed on such verification. Fixed assets have been physically

verified by independent third party. The instrtute is of the view that there is

no material impairment of assets and as such no provision is required in

terms of Accounting standard-28 on "lmpairment of Assets". Further

complete physical verification of assets is ongoing for the year 2018-19.

i) ln the opinion of the management, current assets, loans and advances

have a value on realization in the ordinary course of activities, at least

equal to the amount stated in the Balance sheet. Provisions for all known

liabilities have been made in the accounts

j) During the year 2017-18, the amount of Rs 5,30,03,083/- has been shown

as Expense support from MCA in respect of payment towards essential

supporl services. Out of which Rs. 1,'1 1,56,800/- had been incurred

!/

o) Previouswhereverthe current Year.

For lndian lnstitute of Corporate Affairs

-lq\1

Chief Finance fficer Chief Administrative Officer

Year's figures have been regrouped/ rearranged/ reclassified'

considered necessary to make them comparable with those of

eneral & CEO

(Amit Jindal)Partner

MembershiP No' 518341

As Per our report of even date

For Sajian Jindal & Co'

Chartered AccountantsFirm Registration No': 014054N

NJ

\\(

Place: H A!rE 9 A R

Date:2ar\ro\tl

SAJJAN JINDAL & CO.CHARTERED ACCOUNTANTS

UDIN : l95l8341AAituAJH8371

FORM NO. lOB[See rule 17Bl

Audit report under section 12A(b) of the lncome-tax Act, 1961, in the case of charitable orreligious trusts or institutions

We have examined the balance sheet of INDIAN INSTITUTE OF CORPOR,A TE AFFAIRS lname of the trust

or institution] PAN AAAB|0159A as at 3ll!!@9 and the Profit and loss account for the year ended on that

date which are in agreement with the books of account maintained by the said Trust or institution. We have

obtained all the information and explanations which to the best of our knowledge and belief were necessary

for the purposes of the audit. ln our opinion, proper books of account have been kept by the head office and

the branches of the above named trust visited by us so far as appears from our examination of the books,

and proper Returns adequate for the purposes of audit have been received from branches not visited by us,

subject to the comments given below:

ln our opinion and to the best of our information, and according to information given to us, the said accounts

give a true and fair view-

(i) in the case of the balance sheet, of the state of affairs of the above named trust as at 3l/03/2019

(ii) the case of the profit and loss account, of the profit or loss of its accounting year ending on

31/0312019

The prescribed particulars are annexed hereto.

foTSAJJAN JINDAL ANDChartered Accoun JIN

AMIT JINDAL(PARTNER)

M. No. : 51834iFRN : 0014054N

\o

Date : 24110120'19Flace : New Delhi

3/8, 3RD FLOOR, SAB HOUSE, ASAF ALI ROAD,NEW DELHI-11OOO2 OELHI

Head oflice Branch ofnces

3/8, 3rd Floor, SAB House, AsafAli Road, New Delhi'110002 479/13, opposile cMl Hospihl Gali' Gohant:'!11991

Ph.:011-2g2[yl267,41082625 Mob. : 9810054373, 9873190969 Opposite Khanna Kothl Khanna Road' Shiv Nagar' Panipal-132103

e.r"l , ..ii*iina"f."@9mait.com, [email protected] .. fdlif, Khati Market, G.T. KamalRoad, Kundli, Sonepat-'131018

Web : www.sicgrurp.in

ANNEXURESTATEMENT OF PARTICULARS

I. APPLICATION OF INCOME FOR CHARITABLE OR RELIGIOUS PURPOSES

1 Amount of income of the previous year applied to charitable or religiouspurposes in lndia during that year

220327130

2 Whether the trust has exercised the option under clause (2) of theExplanation to section 11(1)? lf so, the details of the amount of incomedeemed to have been applied to charitable or religious purposes in lndiadurinq the previous year

No

3 Amount of income Accumulated or set apart for application tocharitable or religious purposes, to the extent it does not exceed 15 percent of the income derived from property held under trust wholly forsuch purposes.

42689612

4 Amount of income eligible for exemption under section 11(1Xc) (Givedetails)

No

Delails Amounl

Amount of income, in addition to the amount referred to in item 3 above,accumulated or set apart for specifled purposes under section 1 1(2)

21580674

6 Whether the amount of income mentioned in item 5 above has beeninvested or deposited in the manner laid down in section 11(2Xb) ? lf

Not Applicable

Whether any part of the income in respect of which an option wasexercised under clause (2) of the Explanation to section 1'l(1) in anyearlier year is deemed to be income of the previous year under section11 1B ? lf so the details thereof

Not Applicable

8 Whether, during the previous year, any part of income accumulated orset a for s ifled u oses under section 11 2 ina earlier

(a) has been applied for purposes other than charitable or religiouspurposes or has ceased to be accumulated or set apart fora lication thereto or

No

(b) has ceased to remain invested in any security referred to in section11(2XbXi) or deposited in any account referred to in section11 ii or section 1'1 2 b lll ,or

(c) has not been utilised for purposes for which it was accumulated orset apart during the period for which it was to be accumulated or setapart, or in the year immediately following the expiry thereof? lf so,the details thereof

No

so, the details thereof

7.

No

II. APPLICATION OR USE OF INCOME OR PROPERTY FOR THE BENEFIT OF PERSONS REFERRED TO INsEcTroN 13(3)

1 Whether any part of the income or property of the trust was lent, or continues to be lent,in the previous year to any person referred to in section 13(3) (hereinafter referred to inthis Annexure as such person)? lf so, give details of the amount, rate of interest chargedand the nature of security, if any

No

2

Delails Amount Rate ol lnterestCharsed

Nature ol Sacudty, il any

Whether any land, building or other property of the trust was made, or continued to bemade, available for the use of any such person during the previous year? lf so, givedetails of the property and the amount of rent or compensation charged, if any

No

3

Delails ol Prcpedy Amount ot rent orcomDonsalion charqed

No

4

Details Amount

Whether the services of the trust were made available to any such person during theprevious year? lf so, give details thereof together with remuneration or compensationreceived, if any

5

Details Amount of Remuneratio t1/Compensation

Whether any share, security or other property was purchased by or on behalf of thetrust during the previous year from any such person? lf so, give details thereof togetherwith the consideration paid

No

6

Details Amount ol ConsidentionPaid

Whether any share, security or other property was sold by or on behalf of the trust duringthe previous year to any such person? lf so, give details thereof together with theconsideration received

No

7

Details Amounl of ConsiderclionReceived

Whether any income or property of the trust was diverled during the previous year infavour of any such person? lf so, give details thereof together with the amount of incomeor value of property so diverted

No

8

Details lncame or value ol propedydiveded

Whether the income or property of the trust was used or applied during the previous yearfor the benefit of any such person in any other mannen lf so, give details

No

Details Amounl

Whether any payment was made to any such person during the previous year by way ofsalary, allowance or otheruise? lf so, give details

No

III. INVESTMENTS HELO AT ANY TIME DURING THE PREVIOUS YEAR(S) IN CONCERNS IN WHICH PERSONSREFERRED TO IN SECTION 13(3) HAVE A SUBSTANTIAL INTEREST

si. A,/o. Name and address of lhgconcem

lhere the concem isd cgmpany, numberard c/ass of sl,a/Bs

held

Nominalvalue olthe inveslment

lncomo frcm theinvestment

Whelhet the amount in col. 4exceeded 5 per cent of the

capital ol the concem dudngthe Drevious year-say, Yes/No

1 2 3 4 61 NA NA 0 0 No

Total Nil N'l

fOT SAJJAN JINDAL AN INDChartered Accoun

t oa{

AMIT JINOAL(PARTNER)

M. No. : 51834'lFRN : 0014054N

gate | 2411012019Place : New Delhi

3/8, 3RO FLOOR, SAB HOUSE, ASAF ALI ROAD, NEWDELHI-I I OO02 OELHI

@KFRN, OI

ANNUAL REPORT 2018 - 2019

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