Partners inKnowledge,
GovernanceTransformation.
Indian Institute of Corporate Affairs
ANNUAL REPORT2015-16
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OVERVIEW
Vision and Mission
General Body of the Society
Board of Governors
SCHOOLS
Indian Corporate Law Services Academy
School of Competition Law and Market Regulation
School of Corporate Governance & Public Policy
School of Finance
School of Corporate Law
CENTRES
Centre for E-Governance
Centre for Responsible Corporate Governance
Centre for Micro Small & Medium Enterprise
Centre for Business Innovation
Centre for Institutional Partnerships & Corporate Communications
Knowledge Resource Centre
NATIONAL FOUNDATION FOR CORPORATE SOCIAL RESPONSIBILITY
IICA - Centre of Excellence for Sustainable Development
C orporate Social Responsibility Portal Vertical
C orporate Social Responsibility Implementation Agency Hub
Learning And Development
Financials
Content
Partners inKnowledge,
GovernanceTransformation.
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thA society was registered on 12 September 2008
with the primary objective of establishing, managing,
maintaining and running a world class institute,
to be called the Indian Institute of Corporate Affairs (IICA).
OVERVIEW
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VISIONTo 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.
Mis
sion
Mis
sion
Developing capacity for undertaking holistic study and
harmonised treatment of various issues impacting
corporate regulation, governance and functioning in
the context of emerging international trends and
opportunities.
Enabling understanding of the changing national and
global business environment and catalysing appropriate
regulatory and service delivery responses.
Setting up a state-of-the-art Knowledge Management
System within IICA for continuous creation, collation
and dissemination of knowledge to internal and external
stakeholders on issues affecting the corporate sector.
Forging, fostering and catalysing partnerships between
various stakeholders for generating outcomes that
resolve emerging business concerns for efficient and
legally compliant functioning.
Ensuring synergy of knowledge and thought and
capacity building by setting up Schools in relevant
academic disciplines and Centres for interaction and
taking up projects etc. in appropriate formats, with
outsourcing where necessary.
Evolving a human resource strategy to attract the best
national/global talent, through a mix of core faculty,
supported by distinguished visiting/adjunct/honorary
faculty and contracted/outsourced experts.
Encouraging thought sharing amongst eminent captains
of industry, thought leaders etc. through partnerships
with national & global networks.
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General Body of the Society
MEMBERS
Minister-In-Charge for Corporate Affairs
Government of India
Secretary
Ministry of Corporate Affairs
Special Secretary/Additional Secretary
Ministry of Corporate Affairs
Financial Advisor
Ministry of Corporate Affairs
Joint Secretary
Ministry of Corporate Affairs
Joint Secretary
Ministry of Corporate Affairs
Joint Secretary
Ministry of Corporate Affairs
DG&CEO, IICA
STATUS
Ex-officio President of the Society
Ex-officio Member,
Vice-President of the Society
Ex-officio Member
Ex-officio Member
Ex-officio Member
Ex-officio Member
Ex-officio Member
Ex-officio Member Secretary
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Shri Tapan RaySecretaryMinistry of Corporate AffairsNew Delhi - 110001
CA O. P. Agrawal Practising Chartered AccountantH-8,Chitran Marg,C-Scheme, Jaipur-301001, Res:25, Shri RampuraColony Civil Lines, Jaipur-302001
Shri Rajiv K LuthraFounder & Managing Partner, Luthra & Luthra Law offices103 Ashoka Estate, Barakhamba Road ,New Delhi-110001
CS Preeti MalhotraPast President, ICSI,Smart Global Group,Saket Citi Hospital R & D Block, Mandir Marg,Press Enclave Road, New Delhi-110017
BOARD OF GOVERNORS
Shri Ashok MalikJournalist,20, Rouse Avenue,Institutional Area,New Delhi-110002
Shri Dhruv SawhneyChairman & Managing Director,Triveni Engineering & Industries Ltd.,Express Trade Towers,Noida-201301
Shri Gautam ThaparFounder & Chairman, Avantha Group,Thapar House, 124 Janpath,New Delhi-110001
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Shri Vivek NairChairman & Managing Director,Hotel Leela Venture Limited,Sahar Mumbai � 400059
Shri Sunil Kant MunjalJoint Managing DirectorHero MotoCorp. Ltd,E-1, Qutub Hostel Complex,Shaheed Jeet Singh Marg, New Delhi-110016
Dr. Vidya Rajiv YeravdekarPrincipal Director, Symbosis,Executive Director, Centre for International Education,Symbiosis International University, Senapati BapatRoad, Pune-04
Prof.(Dr.) Ranbir SinghProfessor Law & Vice Chancellor,National Law University, Sector-14, Dwarka,New Delhi-110078
Shri Ajay S ShriramChairman, Governing Council, SRCC,C/o DCM Shriram Consolidated Ltd.,1st Floor, Kanchenjunga Building, 18, Barakhamba Road,New Delhi-110001
BOARD OF GOVERNORS
Shri Pritam SinghAdditional SecretaryMinistry of Corporate AffairsNew Delhi � 110001
Dr. Bhaskar ChatterjeeDG & CEOIndian Institute of Corporate Affairs,Plot No.-P-6,7,8, Sector-5,IMT Manesar, Haryana-122050
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Schools
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Indian Corporate LawServices Academy
The Indian Corporate Law Services
Academy (ICLS Academy) is responsible
for capacity building of the ICLS officers
and officials of the Ministry of Corporate
Affairs and its field offices. Following are
the key functions of ICLS Academy:
1. To impart Induction Training to ICLS
Probationary Officers (POs), who
are recruited through Civil Services
Examination conducted by UPSC. 2. To impart Mid-Career/Mandatory
Training to the ICLS officers of the
Ministry of Corporate Affairs
focusing mainly on corporate law,
accounts, audit and other relevant
laws. 3. To impart Mandatory Training to
Senior Technical Assistants (STAs),
of the Ministry of Corporate Affairs
who are in the feeder cadre of ICLS,
as per the amended Recruitment
Rules applicable to them.
4. To impart training to the officers and
officials posted at office of Official
Liquidators across the country as
per the orders/directions of the
respective High Courts. 5. Any other training programme as
suggested by the Ministry of
Corporate Affairs.
Induction Training Programmesfor ICLS Probationers
thThe 5 batch consisting of 4 ICLS
Probationers (POs) from Civil Services
Examination, 2013 joined, the ICLS stAcademy for their 1 Phase Induction
Training from December, 2014 to April, st2015. The topics covered during the 1
phase were mainly related toCorporate Laws and Accounts. During the
nd 2 phase, POs were attached with field
offices i.e RDs/ROCs/OLs for
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School
their �On the Job Training� (OJT) for a nd
period of three months. After the 2
phase of their training, they rejoined the rdAcademy for the 3 phase. Theoretical
topics covered were related to Corporate
Laws, Mercantile Laws etc. Corporate
visits and attachments with the offices of
CLB, SFIO, BPST, NACEN etc. were also
arranged for the POs. An examination
was conducted on the topics taught
d u r i n g t h e i r I n d u c t i o n T r a i n i n g st rd
Programme of 1 & 3 Phase. POs s t
underwent a study tour from 21 th
September, 2015 to 11 October, 2015
and were then posted in different offices
of the Ministry of Corporate Affairs.
thThe 6 batch consisting of 3 ICLS POs
from Civil Services Examination, 2014
joined, the ICLS Academy for their th
Induction Training from 28 December, st
2015 to April, 2016 (1 phase). The topics st
covered during the 1 phase were mainly
related to Corporate Laws and Accounts.
Some corporate visits and attachments
with LBSNAA (Musoorie), BPST & NISM
etc. were arranged for POs.
I . A Five days Mid-Career Training
Programme for ICLS Officers (SAG &
JAG) of the Ministry of Corporate Affairs th th
was conducted from 25 � 29 May, 2015.
5 ICLS Officers (1 SAG & 4 JAG)
participated in the training programme.
Mid Career/Mandatory Training Programmes
for ICLS Officers
ii. Five days Mid-Career Training
Programme for 12 ICLS Officers
(JTS) of the Ministry of Corporate th
Affairs was conducted from 26 to th
30 October, 2015.
iii. Two Weeks Mandatory Training
Programme for ICLS Officers (STS)
of the Ministry of Corporate Affairs th th was conducted from 7 to 18
March, 2016 which was attended by
9 ICLS Officers (STS).
i . One month Mandatory Training
Programme for Senior Technical
Assistants (STAs) of the Ministry of
Corporate Affairs, conducted from th th
13 July to 11 August, 2015 was
attended by 7 STAs.
i . One month training programme for
30 officers & officials of the Official stLiquidators (All India 1 Batch), was
th thconducted from 30 March to 28
April, 2015.
ii. One month training programme for
22 Officers of the Official Liquidators nd(All India 2 Batch) was conducted
th ndfrom 24 August, 2015 to 22
September, 2015.
iii. One month training programme for
13 officers of the Official Liquidators rd
(All India 3 Batch) was conducted th th
from 7 December, 2015 to 5
January, 2016.
iv. One month training programme for
21 officers of the Official Liquidators th(All India 4 Batch) conducted from
st st1 February, 2016 to 1 March, 2016.
Mandatory Training Programmes for Senior
Technical Assistants
Training Programme for Officers and Officials
of Office of Official Liquidators (All India)
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School of Competition Law andMarket Regulations
The School of Competition Law & Market Regulations has been established with the core
objective of meeting the capacity building needs in the area of competition law and market
regulations. As part of the objective and profile of the School, continuous research is
conducted on 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
c a p a c i t y b u i l d i n g s o l u t i o n s . T h e S c h o o l c o n d u c t s s h o r t & l o n g t e r m
courses (less than three month/three months and above respectively) for training various
stakeholders such as officials of Ministries, Government departments, Regulatory Authorities,
public and private sector enterprises, students and other practitioners of competition law.
Some of the courses are designed to cater to the specific need of the stakeholder.
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School
Certificate Course in Competition Law
The Second batch of certificate course in thCompetition Law, launched on 9 May,
2015 was completed after 3 months of online sessions by having three-days in-
th th stperson classes on 29 , 30 and 31 July, 2015. The Chief Guest for the valedictory ceremony was Hon'ble Justice Mr. G.S. Singhvi, Chairperson, Competit ion Appellate Tribunal.The objective of the certificate course in Compet i t ion Law was to increase awareness that the appl icat ion of competition law in India leads to improving the well being of consumers as well as contributes to economic growth. It aimed at achieving a competition compliant regime for the targeted p a r t i c i p a n t s / s t a k e h o l d e r s f r o m Government Regulatory bodies, PSU's, private companies, law firms and individual advocates and students of law and economics.
A total of 42 participants representing Government departments, public sector enterprises, private sector companies, lawyers and students were enrolled in the course and were made to understand that emphasis should be put on the fact that competition increases the number of innovation incentives, their effectiveness and improves their competitiveness. This would be achieved by limiting the cases of signing prohibited agreements and other forms of anti-competitive conduct. Consumers, individuals and students benefitted by learning that as a result of competition they would be able to choose among a wider range of goods and services of higher quality at lower prices. The participants were from various backgrounds such as power, petroleum sector, Niti Ayog, law firms, practising lawyers, coal sector, India Revenue Service, banking industry, tyre industry and law students.
VALEDICTORY CEREMONY OF CERTIFICATE COURSE IN COMPETITION LAW, 2015
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NATIONAL LAW UNIVERSITY DELHI-IICA
JOINT LL.M. PROGRAMME IN
COMPETITION LAW AND MARKET
REGULATIONS
National Law University Delhi
(NLUD)-IICA joint LL.M. programme on
Competition Law & Market Regulations
was the first LL.M. degree programme in
Competition Law in India. The Programme
commenced from August, 2015 and in-
person classes continued until March,
2016. The dissertations (thesis) were
submitted to mark completion of the first
joint LL.M. in July, 2016. The objective of
this programme was to develop critical
thinkers in competition law and market
regulations. The pedagogy was based on a
mix of teaching and research methods
aimed at strengthening theoretical
understanding and creative thinking in
participants.
The classes were conducted by
IICA's own faculty members consisting of
Dr. Navneet Sharma, Dr. V.K. Singh and
Dr. Ravikant Bhardwaj along with senior
competition law specialists, heading and
partnering in Tier-1 law firms, such as
Mr. Manas Kumar Chaudhuri from Khaitan
& Co., and eminent faculty members from
NLUD, former members of CCI like
NLUD -IICA Joint LL.M. Programme
On the lines of the Central Government�s
� M a k e i n I n d i a � t h e H a r y a n a
Government prepared the new industrial
policy to enhance ease of doing
business in the State. The meet covered
investment and business facilitation
through the New Industrial Policy and
helped IICA to increase its visibility.
HALF- DAY PROGRAMME FOR HIGH LEVEL
INTERACTION WITH CHIEF SECRETARY,
HARYANA, ON INVESTMENTS AND BUSINESS
FACILITATION
The high level industry meet was
discoursed by Shri D. S. Dhesi, Chief
Secretary, Government of Haryana,
Shr i Devender S ingh, Pr inc ipa l
Secretary, Industries, Haryana,
Dr. Bhaskar Chatterjee, DG & CEO, IICA,
Shri Dhanendra Kumar, Ex-Chairman,
CCI and Honorary Principal Advisor, thIICA on 19 September, 2015. The meet
was attended by over 100 participants
f rom industr ies in Manesar and
Gurgaon.
Dr. Geeta Gouri and economists such asDr. Payal Malik and Dr. Geeta Singh.
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CUSTOMISED 3 DAYS TRAIN ING
PROGRAMME ON COMPETITION LAW
FOR INDIAN OIL CORPORATION LIMITED
The sessions covered evolution of jurisprudence of competition law focusing on the Coal sector, horizontal and vertical agreements, abuse of dominance, a detailed study of procurement process, the Procurement Bill and violations, the recent Coal India order with CCI, understanding jur isd ict iona l issues and ef fect ive competition compliance. The session ended with distribution of certificates to all the participants.
The one day customised training program for Coal India Limited (CIL) held on
th11 January, 2016, was compliance based training for senior employees of CIL with major focus on procurement process.
CUSTOMISED COMPETITION LAWPROGRAM FOR COAL INDIA LIMITED
ONE DAY ADVANCED COURSE ON BUSINESSAGREEMENTS AND E-COMMERCE
The one day Advanced Course on Business Agreements and E-Commerce held
thon 27 November, 2015 was driven by the necessity that without any jurisprudential influence and despite its nascence was facing issues which were covered through sessions tailor made covering exclusive agreements with certain enterprises, innovation and competition issues in horizontal and vertical agreements, market power of the industry and abuse of dominance, predatory pricing i s s u e s a n d r e p e r c u s s i o n s , p r i c e transparency, networking effects and effective competition compliance.
T h e t r a i n i n g f o r I n d i a n O i l Corporation Limited (IOCL) on Competition Law for Senior Executives was held for three
th th thdays on 26 , 27 and 28 October, 2015 at IIPM, Gurgaon, centered around creating a compliance programme completely equipping the participants with the nitty-gritties of the law and its impact on their business interactions and competition.
The training was inaugurated byMr. Raju Ranganathan, Executive Director & Company Secretary, IOCL. The sessions covered jurisprudence of Competition Law including policy framework governing oil marketing sector, horizontal and vertical agreements, abuse of dominance, detailed study of procurement process, the P r o c u r e m e n t B i l l a n d v i o l a t i o n s , understanding jurisdictional issues, application of single economic entity and effective competition compliance.
Tailor Made Programme for IOCL
Customised Program for Coal India Limited
Advanced Program in E - Commerce Sector
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HALF DAY ROUNDTABLE ON INTELLECTUAL
PROPERTY RIGHTS AND COMPETITION LAW,
IICA-US DEPARTMENT OF JUSTICE
The IICA-Federal Trade Commission th
(FTC) Roundtable on IPRs took place on 19 November, 2015 at India Habitat Centre with knowledge partners, PLR Chambers. In the presence of the distinguished speakers, Mr. M. Brinkley Tappan, International Counsel in the Foreign Commerce section at US Department of Justice and Mr. John E. Dubiansky, Attorney Advisor in Federal Trade Commission's Office of Policy Planning, the roundtable focused on competition law practitioners working as in-house counsel, with law firms or individual practitioners.
The session covered analysis of policy objectives of patents, innovation incentives, right to exclude under patent principles and static versus dynamic efficiencies. It further addressed the US antitrust agencies approach to matters involving patents, including a discussion of the complementary nature of intellectual property and competition laws.
India (CITD)�. The overall objective of the CITD is to support India in strengthening its capacity to achieve economic growth and sustainable development and ultimately poverty reduction, through further integration into the global trading system by increasing the safety and quality of products by reducing costs and impediments to trade and promoting fair competition.
CAPACITY BUILDING INITIATIVE FOR TRADE
DEVELOPMENT IN INDIA
A) CITD Programme (Advanced Session on Cartels)
The CITD Programme on Cartels
instructed by Mr. Kirti Kumar Mehta took place s t n d
on 1 and 2 March, 2016 at CCI in
collaboration with Administrative Staff College
of India (ASCI) for IICA and CCI staff. The CITD
programme is a capacity building programme
supported by the European Union and aims to
build capacity of IICA and CCI in competition
law area. The sessions on both days covered
cartel conduct, its detection, investigation and
prosecution, introduction to the prosecution of
hardcore cartel infringement and the steps in
proving the infringement. The sessions
answered important questions like why hard
core cartel offense needs to be specifically
defined and the criteria for individual and
collective liabilities. Hard core cartels were
differentiated from joint-selling agreements,
joint ventures and conscious parallelism. It was
important to understand inference of collusion
from economic evidence and information
Programme with delegates from US Department of Justice
Session on Cartels with Mr. Kirti Kumar Mehta
The project is part of the broader European Union-India programme �Capacity Building Initiative for Trade Development in
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exchanges. There was a deta i led understanding of the role of trade associations and policy issues related to sanctions for infringements of competition law and liability for private damages.
The CITD Programme on Merger Control instructed by Prof. Alberto Heimler
th thtook place on 25 and 26 February, 2016 at IICA on Day 1 and CCI at day 2 in collaboration with Administrative Staff College of India (ASCI) for IICA and CCI Staff. The sessions incorporated legal and economic concepts of merger detailing structural changes for growth, innovation, rationalisation, internationalisation of market for corporate control, legal definition of a merger and the notion of control, mandatory pre-notification, no t i fiab le even ts and fi l i ng f ees . Prof. Alberto Heimler of SNA explained the typology of merger transactions and their usefulness expounding individually, horizontal, vertical, conglomerate, full functioning joint ventures, financial investment vehicles and asset acquisition. The importance and relevance of relevant market, benchmark method of relevant
B) CITD Programme (Advanced Seminar in
Competition Law and Policy: Merger Control)
C) CITD Programme (Workshop on Public
Procurement and Competition)
Two days of the ta i lor made workshop for the executives from public and private sector and Government
th thofficials was planned on 17 and 18 of November, 2015. The main objective of workshop was to acquaint procurement officials to spot signals as indirect evidence of a cartel. It helped them to take action once they had a suspicion that rivalry in a bidding process has been artificially reduced.
product and geographical market definition either through customer surveys or econometric methods of elasticity's estimation was explained with several cases in various jurisdictions. He further discussed analytical tools for merger review by explaining meaning and significance of market shares in the context of undifferentiated products, branded goods, narrow oligopolies, two-sided markets, connected goods, R&D poles, etc. The session ended with a detailed explanation of merger policy issues wherein adequacy of the test to pick up unilateral and coordinated effects below dominance, treatment of full functioning joint ventures, access to key investigative measures and role of economic analysis were covered.
Session on Managers with Prof. Albert Heimler at CCI
Session on Procurement
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The sessions covered prohibitions of cartels, the burden of proof, experience of India and of the European Union, peculiarity of bid rigging, cases of bid rigging and the OECD guidelines against bid rigging.
The sessions also covered the importance of public procurement as an economic activity and how it accounts for a substantial share of the total expenditure of the Union Government.
The CITD Programme for Micro Small and Medium Enterprises (MSMEs) and Consumer Associations took place on
st nd 21 and 22 September, 2015 at IICA in collaboration with Administrative Staff College of India (ASCI). The main objective of the programme was to build the capacity of MSMEs in the areas of Competition Law and Policy relevant to their needs, to enhance awareness of MSME's right to s e e k l e g a l r e m e d i e s a n d e n s u r e compliance to the Competition Act and to assess the implications of the Competition Law for consumers.
D) CITD Programme (Workshop onCompetition Law and Policy for MicroSmall and Medium Enterprises andConsumer Associations)
Talk on �Competition & TechnologyMarkets: Does the Existing AntitrustParadigm Apply or Need to be Modified?�by Dr. R. Shyam Khemani
The sessions spread over two days cove red Ind ia ' s Compet i t i on Ac t highlighting abuse of dominance, anti-competitive agreements, regulation of combinations, implications and relevance of competition law for MSMEs, treatment of MSMEs under Competition Law in other jurisdictions and Competition Law and protection of consumer interest.
IICA hosted a public lecture on �Competition & Technology Markets� by distinguished expert on Competition Law,
thDr. R. Shyam Khemani, on 24 April, 2015 at IILM Campus, Lodhi Road, New Delhi. Dr. R. Shyam Khemani, Special Advisor, Competition Policy with SKP Group, dealt with how the underlying paradigm for conducting competition analysis in a given market has evolved over the past decades from initial structure-conduct-performance paradigm to focusing more on 'business conduct' rather than 'market structure' to directly measuring 'effects' in competition assessments.
Session on MSMEs
Session with Dr. Shyam Khemani
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The session went on to discuss Neo-Classical vs Schumpeterian concepts of competition, possibility of defining relevant market in rapidly evolving technology markets and if firm size matters. The session covered cases relating to search engines and operating systems, two-sided markets and information search markets. Some of the cases discussed were various proceedings initiated against Google in USA, EU and India, the Microsoft Case and the Jet-Etihad merger.
Make in India is a major national initiative of the Government of India to facilitate investment, foster innovation, enhance skil l development, protect intellectual property and build best-in-class manufacturing infrastructure. IICA along with institutions under the Ministry of Corporate Affairs, rendered assistance for successful �Ministry of Corporate Affairs� pavilion at the Make in India Week in
th thMumbai during 13 -18 February, 2016.The initiative provided a platform at
Mumbai to showcase, connect and collaborate with Indian manufacturer, investor and healthy competition between states. The programme was designed to provide investment enabling environment to foreign and domestic investors, for start ups and SMEs to scale up their operations and promoting Industry.
Make in India
Advanced Faculty Development Programmein Competition Law & Economics withNational Law School of India University
The Faculty Development Programme (FDP) which was part of the CITD Programme
th th thtook place on 9 , 10 & 11 December, 2015 at IICA conducted by the National Law School India
Un ive rs i t y (NLS IU ) and Scuo la Nazionale dell'Amministrazione (SNA), Italy. One of the primary objectives of the CITD Programme was to build the capacity of faculties in the area of Competition Law and Economics. Prof. TS Somashekhar from NLSIU, Banga lo re , spearheaded the programme and in t roduced the V ice Chancellor, Prof. (Dr.) R. Venkata Rao. Prof. (Dr.) Rao inaugurated the FDP that marked the beginning of the three days arduous training at IICA. Shri Dhanendra Kumar, Principal Adviser, IICA was a special guest at the session.
The sessions discussed in depth, the a n a l y s i s o f h a r d c o r e c a r t e l s , t h e i r criminalisation and leniency programmes, evidence gathering and detection of collusive practices, and effective implementation of leniency programmes and plea bargains along with prominent examples from various jurisdictions.
Understanding and assessing relevant market to determine abuse of dominance brought in important factors relating to co-relation between market share and market power and assessment of power which could be based on demand elasticity for a firm's product or service. Cases relating to excessive pricing, refusal to deal and fidelity rebates were discussed in the context of US, EU and Indian jurisdictions. Mergers and amalgamations were then discussed in the light of the calculation of thresholds proving appreciable adverse effect on competition before the enquiry and investigation of the merger, merger notification and understanding combinations as economic enhancing trade practices to ensure ultimate benefits to the end consumers.
School of Competition Law & Market Regulation at Make in India
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School of CorporateGovernance& 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 the focus shifting from regulation to delivery, it is now essential to promote responsible behaviour for shared value creation in society.
To contribute towards better understanding of corporate management and governance. To facilitate global knowledge expertise for local applications.To promote best Corporate Governance practices from India at the international forum.To create a global network of partnerships and linkages with the best of related institutions and organisations both at operational and academic level.To advance and support government bodies, corporate entities and professional through advisory solutions, capacity building programmes and specialised trainings.To create an environment for systemic reforms as well as initiate plans and programmes for cumulative change within and outside organisations.
Approach and Objectives of the School
Key Activities
Learning and Capacity Building
Policy Research and Knowledge Promotion
Consultancy Support
Awareness & Sensitisation
The School of Corporate Governance and Public Policy orgainsed a three-day 'Training of Trainers Programme' on 'Managing Disputes and
thDifficult Conversations on the Board' from 12 to th14 May, 2015 at New Delhi. The programme
focussed on Alternative Dispute Resolution Techniques that helped Directors and Board members in understanding board conflict and conflict styles they often encounter. Disagreements and disputes on the Board are inevitable and it is in the best interest of the company to resolve them quickly and efficiently. The programme was a highly interactive and focused on building interpersonal dispute resolution skills for Board Directors. The participants included Board Members, Trainers and Corporate Governance research scholars.
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Dr. Niraj Gupta, Vladislava Ryabota-IFC, DG & CEO-IICA along with CEDR Members
IICA-International Finance Corporation �
Training of Trainer Programme
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The School conducted the two-days 'Focussed Training Programme for Public Sector Undertakings (PSU's) Directors and Senior Officials', from 30th September to 1st October, 2015 at New Delhi. The programme was organised in collaboration with the International Finance Corporation (IFC) of the World Bank. The programme was intensive, where participants discussed real life strategic issues faced by them at the helm. A total of eight sessions covered the most pertinent areas under Corporate Governance such as Board Strategy Formulation, Director's Duties and Liabilities under the Companies Act, 2013, Stakeholder Management and Corporate Social Responsibility (CSR). Most of the participants in the programme were Director level executives and General Managers, one level below the board.
Two Days Training Programme for Officials of the
Ministry of Corporate Affairs
The School conducted a two days programme for officials of the Ministry of Corporate Affairs titled as “Best Corporate Governance Practices across the Globe” on 16th and 17th November, 2015 at IICA Manesar campus. The programme was designed to provide an overview of Corporate Governance Regulations in the Companies Act, 2013 and SEBI's guidelines. It focussed on Board issues and how different stakeholders are impacted by the rules. A total of eight sessions covered the most pertinent areas under Corporate Governance such as Modern Corporation, Governance Structure, Internal Control & Risk Management, Global Best Practices in Corporate Governance, Independent Directors: Roles & Responsibilities, Building Ethical & Responsible Corporation along with case study. Most of the participants in the programme were senior level officials from the Ministry.
The School conducted a two days intensive Re-orientation Programme for Independent Directors/Functional Directors on 7th and 8th December, 2015 at New Delhi. The programme comprised of 10 interactive sessions covering the most relevant areas of Corporate Governance. All the sessions were delivered by the faculty of the School of Corporate Governance and Public Policy. The pertinent issues discussed during the learning sessions were: Due Diligence before joining the Board, Legal positioning of Independent Directors, Board's role in Strategy, Internal Financial Control, making companies Resilient, Board Evaluation, Conflict Management, Role in Board Committees, and Corporate Social Responsibility (CSR).
DG & CEO-IICA along with IICA faculty,members of IFC & CEDR with participants
Ministry of Corporate Affairs officials with IICA faculty
Dr Bhaskar Chatterjee, DG & CEO IICA with programmeparticipants and IICA faculty
Focussed Training Programme for Directors &
Senior Management of Public Sector Undertakings
Independent Directors Re-Orientation Programme
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The School conducted a two days training programme for Senior Officials of SJVN Limited on “Companies Act, 2013: Issues & Challenges” on 19th and 20th January, 2016 at Shimla. A total of ten sessions were held in the programme and the topics covered were pertaining to the Companies Act & Corpo ra te Gove r nance , such as Moder n Corporations- Regulations & Governance, Related Party Transactions: Key Issues, Audit Committee & Internal Financial Control, the Companies Act, 2013: Introduction and Key Amendments, Independent Director: Roles & Responsibilities, Managing Corporate Social Responsibil ity – Engaging Stakeholders, Building Ethical Corporation, Role of a Company Secretary and other Key Managerial Personnel (KMP) in a company – Pract ice perspective, Shareholder Rights and Secretarial Standards and Serious Frauds Investigation Office (SFIO) etc.
Two Days Re-orientation Programme on theCompanies Act, 2013: Issues and Challenges
From L-R: Padamshree Dr. Bindeshwar Pathak, Founder,Sulabh Foundation, Dr Bhaskar Chatterjee, DG & CEO IICA,and Hon'ble Minister of State for Finance, Shri Jayant Sinha
IICA faculty with participants
International Conference on CorporateGovernance- Second Edition Programme on “Building Better Boards”
The School conducted a two days intensive Re-orientation Programme for Directors
th thnamely “Building Better Boards” on 15 and 16 th thFebruary, 2016 and on 18 and 19 March, 2016 at
New Delhi. The programme provided an o p p o r t u n i t y t o d i s c u s s g o v e r n a n c e cha l l engeswhich can improve the performance of the Board and thus the performance of the company. It also effectively contributed in improving Board's performance by providing an opportunity to hone up necessary
The School organised the second edition of
the International Conference on Corporate thGovernance on 9 February, 2016 at New Delhi in
collaboration with industry body, FICCI. Hon'ble
Minister of State for Finance, Shri Jayant Sinha
presided over the conference as Chief Guest. The
day-long conference covered four technical sessions,
which focussed on navigating during Crisis; global
best practices on Corporate Governance; Corporate
India: diversity and inclusivity and managing risks for
Good Governance. The speakers of the technical
sessions were renowned experts from SEBI, BSE,
Deloitte, CIMA, Thomson Reuters, PNB Metlife, PTC
Financial Services, Protiviti, Lakshmikumaran
Sridharan. The conference saw participation of over
100 senior level professionals from regulatory bodies,
industry and academics.
21
crit ical ski l ls. The pert inent issues
discussed during the learning sessions
included: Board Culture, Board's Role and
Responsibilities under Companies Act,
2013, Emerging Role of Independent
Directors, Board's role in Strategy, Diversity
at Board, Enterprise Risk Management,
Managing Finance through Ratios, Balance
Score Card, Boards Report and Corporate
Social Responsibility.
IICA faculty & staff with participants - School of Corporate Governance & Public Policy
Programme on �Governance, Risk
Management & Compliance� (GRC)
The School conducted a two days capacity st ndbuilding training programme from 21 to 22 March,
2016 at New Delhi. The programme was designed
to provide intensive training to the officials who
directly deal with governance, risk and compliance
functions of their respective organisations. A total
of eight sessions were covered in the two days
programme and the most pertinent areas under
Governance, Risk Management & Compliance
such as the concept of GRC, GRC capabilities:
Enterprise Performance Management, Enterprise
Risk Management, Internal Audit, Secretarial
Standards, Corporate Governance and Integrated
Reporting, CSR for risk management, SEBI (Listing
Agreement and Disclosure Requirements)
Regulations, 2015, etc. IICA faculty along with programme participants
22
participants took active interest in discussions. Various case studies were discussed to develop the analytical skills of participants. The programme also gained the attention of Doordarshan and was telecasted on national television in their popular programme 'Krishi Darshan'
School ofFinance
School of Finance is engaged in education, research and capacity building in financial and regulatory issues relevant to business entities, professionals and investing public at large.
During FY 2015-16, the School conducted 11 training programmes spanning over 41 training days with 213 participants from Banking and Finance sector. The School has played a major role in conducting training programmes for the Ministry of Coporate Affairs officials under the Corporate Data Management Project.
Training Programme on Emerging Opportunities in Agricultural Financing for Punjab National Bank
Participants of PNB Programme on Emerging Issues in Agriculture Financing
Training Programme on EmergingOpportunities in AgriculturalFinancing for Bank of Baroda
The School of Finance conducted a training programme for 31 officers of Bank of Baroda on “Emerging Opportunities in Agriculture Financing”
th stfrom 27 July to 1 August, 2015. It was an innovat ive 6 days programme offered in association with Indian Agriculture Research Institute (IARI). The programme contained 3 days of field visits. The group experienced the challenges of handling people from a heterogeneous mindset and developed the skills to handle such situations. The sessions were highly interactive and all
The School conducted 5 days training programme for 51 officers of Punjab National Bank on “Emerging Opportunities in Agriculture Financing” in two batches. Batch 1 with 26 officers was
th thconducted from 7 to 11 September, 2015 while Batch 2 with 25 participants was conducted from
th th12 to 16 October, 2015. It was a customised 5 days programme for the bank offered at IICA campus with faculties drawn from NABARD, IARI and senior ex-bankers with relevant experience. The feedback received after the training indicated vast improvement in the confidence level of the trainees
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A 5 days open training programme for “First th thTime Branch Managers” from 5 to 9 October,
2015 was successfully conducted by School of
Finance. The objective of the programme was to
improve the success rate of branch managers by
providing them skills and tools required for new role
resulting in reduction of organisational cost of
managerial failures in banking industry. The
participants appreciated the practical insights,
experience sharing by senior faculty and real life
case discussions.
Training Programme
for First Time Branch Managers
Participants of Retail Banking Programme
Training Programme on Management
of Retail Banking
The School conducted a 3 days open training
programme on “Management of Retail Banking” from th th7 to 9 September, 2015 at IICA campus, Manesar.
The programme was aimed at developing the
participants for future retail challenges. Nominations
from 8 banks were received. The diversified group of
trainees appreciated the pedagogy, case discussion,
i n t e r a c t i o n s a n d e x p e r i e n c e s h a r i n g b y
knowledgeable faculty comprising of successful
CGMs/GMs of various banks and executives from
corporate. A daily yoga session, leadership module
and brain mapping exercise for the trainees were
other special features of this programme.
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Training Programme on Understanding Financial Statements
The School conducted a training programme for 20 Senior officials of the Ministry of Corporate Affairs on th th“Understanding Financial Statements” from 28 to 29 October, 2015 at IICA campus, Manesar. The objective of the
programme was to facilitate participants in learning the art and science of analyzing the financial statements to
understand performance from various perspectives, interpret current operations and forecast future performance to
enable informed financial decision-making. The sessions were highly interactive and various case studies were
discussed to develop the analytical skills of participants. The programme content and coordination was greatly thappreciated by the participants. Based on the feedback, a similar programme was conducted in Shillong from 26 to
th27 November, 2015.
Workshop on Challenges related to Scrutiny of Balance Sheet and Profit & Loss AccountA 2 days residential workshop was conducted for the Ministry of Corporate Affairs officials by the School of
Finance in Bengaluru to facilitate experience sharing by ICLS officers having exposure to scrutiny of Balance Sheet
and Profit & Loss Account for effective regulation. The workshop was helpful in sharing of regional best practices
besides finding gaps and probable solutions in terms of methodology and/or IT interventions.
The Ministry of Corporate Affairs officials during Programme on Understanding Financial Statements
The Ministry of Corporate Affairs officials during Workshop on Scrutiny of Financial Statements
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Training Programme on Non Performing Assets Management
The School conducted a 3 days open training
programme on “Non Per forming Assets rd thManagement” from 23 to 25 November, 2015.
The programme was attended by 22 bankers from
15 banks. The diversified group of trainees
appreciated the programme especially pedagogy,
case discussion, interactions and experience
sharing by knowledgeable faculty comprising of
successful CGMs/GMs of various banks. The
participants were able to absorb many takeaways
which would be straightaway implemented at their
respective work situations.
Training Programme on Forex
& Treasury Management
The School conducted an open training
programme on “Forex & Treasury Management” th thfrom 4 to 6 January, 2016. The 3 days residential
programme was designed for managers and
executives of public sector, private sector and
foreign banks who are identified for handling
foreign exchange transactions in branches and
controlling offices of the banks.
Training Programme on Credit
ManagementThe School conducted 5 days open training
thprogramme on “Credit Management” from 8 to th12 February, 2016. The programme was intended
to equip participants to identify and leverage new
opportunities for credit growth under retail, MSME
and international trade segment by learning the
basics of credit management as well as challenges
and opportunities inherent in building a healthy
credit portfolio for the bank. The programme was
attended by 22 participants from 11 banks.
Participants during Programme on NPA Management
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School ofCorporateLawThe School of Corporate Law (SCL) is one of the four Schools at IICA, that has established a niche of scholarly research in the field of corporate and allied laws by corralling renowned experts in the field, professionals and academicians. The School provides for policy insights into Government legislations on the edifice of current epoch of rapid economic expansion and strategic knowledge dissemination in corporate law. The School has organised various consultations, discussions, corporate training programmes and workshops for various stakeholders such as judicial officers, officials of the Min ist r ies, Regulatory Author i t ies, Government 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.
27
First and Second Six Months CertificateCourse on Corporate Law (online)
The School has conducted two batches of its
flagship six months certificate course on Corporate Law
in an online mode. A total of 55 individuals which
included professionals, Govt. officials and students
completed the programme. The first batch was from July
to December 2015 and the second from December
2015 to May 2016. The course contained 10 modules
covering essentials of Company Law, Capital Market,
Competition Law, Intellectual Property Laws and
Arbitration Laws.
White Paper on Direct Selling Industry in India
As a Capacity Building think-tank, the School
released a White Paper on Direct Selling Industry in
India. PLR Chambers supported the School in this
study. The study suggested urgent need for drafting
clear definition of direct selling so that law
enforcement agencies could easily differentiate
between legitimate direct selling activities and the
illegitimate ponzi/pyramid schemes. The paper was
sttaken cognizance of in the 21 Report of the Standing
Committee on Finance and the proposed draft
Two Day Residential Training Programmeon “SEBI and Companies Act – An Interface”
The School conducted a two days residential
training programme on 'SEBI and Companies Act –
An Interface' for the officers of the Ministry of rd th Corporate Affairs on 3 & 4 December, 2015 at IICA
campus, Manesar. The main objective of the
programme was to sensitise the Officers of the
Ministry on the interface between the Companies Act
(covering 1956 and 2013) and the Capital Market's
Regulator SEBI.
Inauguration of the course at ISIL, New Delhi
Release of the White Paper on Direct Selling Industry in India at the IndiaHabitat Centre, New Delhi on September 11, 2015
Exposure Legislation has been appreciated by the
Industry and consumer organisations.
Group Photograph of officers and faculty at the programme
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Four Days Workshop on “Investigation & Prosecutionunder the Companies Act, 2013” for Serious FraudInvestigation Office Officers
The School conducted a customised
workshop for the officers of Serious Fraud
Investigation Office (SFIO) on 'Investigation and
Prosecution under the Companies Act, 2013' in
which a total of 27 officers of SFIO including its
Director part icipated. The programme was
customised to address the needs of SFIO and
included critical components like relevant provisions
of CRPC and Evidence Act, forensic audit, nuances of
digital evidence, psychology of fraud, analysis of
financial statements, report writing, etc.
• The School also conducted a two days residential
training programme on Land Acquisition and Related
Laws Including Real Estate (Regulation and th thDevelopment) Bill – 2016 on 18 to 19 March, 2016.
• A training programme on Recent Developments in
Companies Act, 2013 was conducted with Amity thLaw School-II on 20 January, 2016 at ISIL, New
Delhi.
Other Programmes
• Four days residential training programme on
Companies Act, 2013: Issues and Challenges (with
Companies Amendment Act. 2015) was conducted rd thduring 23 to 26 June, 2015 at IICA campus, IMT
Manesar.
Group Photograph with Officials of SFIO
29
Centres
Centrefor E-Governance
31
The Centre supports E-Governance in regulation as well as at the business enterprise level to secure efficiencies in regulation and stakeholder participation in Corporate Governance. The Centre studies, discusses and disseminates effective e-solution models for Corporate Governance and makes data available to other IICA Centres & Schools for research and value-added services like data warehousing, mining, processing, marketing etc. The focus of the Centre is to conduct workshops, seminars and provide advisory, consultancy & support services in the area of Information Technology/E-Governance.
CentreFOR RESPONSIBLECORPORATEGOVERNANCE Ethics and morals are an integral part of
Corporate Governance and need to be
harmonised and blended with corporate
strategy, policy and functioning. Principles of
good Corporate Governance benefit both the
corporate and the community by ensuring
long term growth of the business entity and
lowering its cost of financial and human
resources.
The Centre for Responsible Corporate
Governance views corporate governance as
an instrument for wealth creation as well as a
tool for inclusive social development. Its aim
is to help identify good governance and
sustainable practices and develop strategies
for business entities to integrate such
practices in their operations.
Corporate Governance is not merely
compliance of legal procedures but has to be
a part of the overall corporate philosophy and
bel ief. Good Corporate Governance
Training programme delivered by the
Centre are focused on Companies Act,
2 0 1 3 & A m e n d m e n t s , C o r p o r a t e
Governance and Women Economic
Empowerment, Corporate Finance &
Corporate Accounts, Financial Statement
Analysis and Corporate Social Responsibility
practices are equally relevant for small
businesses but need to be carefully tailored
to their requirements which are quite different
from those of widely held large companies.
The Centre envisages collation, development
and research into literature, case studies,
documentaries and other material for
knowledge dissemination. The Center
facilitates sharing of information and ideas on
emerging international trends in Corporate
Governance through interactions, events
and networked dialogues across the globe.
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National Seminar on CompaniesAct, 2013: Spot Light on SalientFeatures & Recent Developments
The training programme was attended by 17 participants from corporates, banks, financial institutions, National Stock Exchange and other institutions in India. The training programme focused on various aspects of the Companies Act, 2013 such as related party transactions, One Person Company, Corporate Governance, CSR, E-Governance, corporate frauds, accounts and audit, Companies (amendment) Act, 2015, insider trading etc. The aim of the p ro g r a m m e w a s t o e d u c a t e t h e stakeholders including professionals and senior level executives on various aspects of the new company law and to prepare the stakeholders to understand the practical implications of the Act. The event received very good feedback from the participants.
Technical Session-I
Inaugural Session
The Centre for Responsible Corporate Governance (CRCG) and School of Corporate Law jointly organised a four days residential training programme on Companies Act, 2013: Issues and
rd thChallenges from 23 to 26 June, 2015 (with Amendment Act, 2015) at the IICA campus, IMT Manesar, Haryana, with ICSI being a knowledge partner for the programme.
Four Days Residential Training Programme on Companies Act, 2013: Issues and Challenges (with Companies (Amendment) Act, 2015)
The Centre and ASSOCHAM Kolkata chapter jointly organised a one day Conference on 'Companies Act, 2013-Spot Light on Salient Features & Recent
thDevelopments” on 24 April, 2015 at Kolkata. The Conference was supported by SAIL and COAL India Limited. The sessions generated a lot of queries from the participants and led to discussion on practical issues on the subject.
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CENTREFOR MICRO SMALLAND MEDIUMENTERPRISES
The Centre for Micro Small and Medium Enterprises (MSME) was established to foster understanding of the regulatory framework, encourage innovative responses to business environments and address all other relevant issues affecting the MSMEs. It enables capacity building through training and interactions such as seminars and workshops, engages in documentation and research on MSMEs practices. It also encourages cluster development initiatives and uses its pivotal cross cutting position to create synergy among various facets of the MSME sector. The Centre offers a unique platform for Indian Small and Medium Enterprises (SMEs) and international professionals to cross fert i l ise their experiences and ideas in developmental training, sharing knowledge and capacity building.
Research & Knowledge Creation
Establish Centre for MSME as hub of knowledge creation.Collaborate with Institutes/experts of repute and conduct research.Develop best practices, sector guidelines, SMEs tool kits and Strategy development for MSMEs.
Advisory Services & Consultancy
Serve as primary point of contact for internal and external stakeholders in MSME sector.Capacity building advisory services to create and strengthen the "Vision" of the Chambers of Commerce & Industry, Associations & Federations of business organisations.Facilitate policy advisory and influence policy decision.Foster MSME ecosystem development.P ro v i d e c o n s u l t a n c y f o r S M E a n d entrepreneurship development.
Learning & Capacity Building
MSME outreach towards stakeholders for consultation through seminars, workshops and forums.Conduct capacity building courses and trainings for MSMEs, sensitise policy makers and key MSME stakeholders.
AREA OF FOCUS
Present Infrastructure
34
Two Days Workshop on EffectiveFinancial Management
The Centre organised two days th th
residential workshop on 13 to 14 July, 2015 addressing the issue of �EFFECTIVE FINANCIAL MANAGEMENT� for MSMEs at its campus. A total of 31 delegates participated comprising of 22 renowned captains of MSMEs (5 BMO's from 4 states, Rajasthan, U.P., Punjab and M.P.). Besides, senior officials from Central & State Government agencies (Directorate of Industries, Uttarakhand, Haryana Power Generation Corporation Ltd., Central Bank of India, Office of Development Commissioner (Handicrafts) and Managing Directors of MSMEs.
The Centre for MSME organised a t w o d a y s w o r k s h o p o n E x p o r t Management for Micro, Small & Medium
th thEnterprises (MSMEs) from 14 to 15 December, 2015 at the IICA Campus. The workshop was designed to enhance business prospects for exporters and to provide valuable insights into key areas like; Merits of Export Trade Plan, Export Marketing & its Expansion Strategy with inputs about new avenues of trade and commerce for Indian Exporters in Africa and Germany, Resource Trends & Trade Practices of Export. It also encapsulated issues l ike how to compete more successfully, how to reduce dependency on few major customers and expand customer base, important issues of exports and advanced issues of exports etc. The workshop also included an interactive session during which the speakers clarified various points raised by the participants.
IICA faculty with delegates
Learning session – Export Management IICA faculty with delegates
Two Days Workshop on Export Management
35
Two Days Workshop on Supply Chain Management for Global Competitiveness
th thThe Centre organised a two days workshop on 8 and 9 February, 2016 on �Supply Chain
Management for Global Competitiveness� for Micro, Small & Medium Enterprises (MSMEs) at the IICA campus. The workshop focused on cross disciplinary knowledge and skills to succeed in today's high�tech global economy, offered valuable tips for creating and managing opportunities for reducing costs, driving growth and building maintainable competitive advantages.
IICA faculty with delegates
36
FOR BUSINESSINNOVATION
Given the ingenuity, agility and
resourcefulness of the small entrepreneur in
India, new management techniques and
technologies provide tremendous scope
a n d o p p o r t u n i t y f o r s u s t a i n a b l e
development of small companies and first
generation entrepreneurs, including service
providers by creating new opportunities for
business and innovation. IICA provides
institutional support for research projects to
identify such opportunities, development of
prototypes, incubation support and help in
fully exploiting the latent potential in areas
such as management, raising of capital,
accounting, green products/processes,
new and renewable sources of energy, etc.
and aims to emerge as a pioneer & leading
Centre of Excellence for dissemination of
innovative business ideas. The focus is to
harness the ingenui ty , agi l i ty and
resourcefulness of the small entrepreneur
and help small companies/limited liability
partnerships/proprietorships to grow.
Business Innovation wants to build an
environment that brings people together in
decision-making in order to foster
integrated exchange, development and
appl icat ion of knowledge, a lso to
strengthen IPR capabilities for innovation
and business development.
Centre for Business Innovation has
developed and delivered workshop on
business sustainability tools for SME
clusters, Innovations & IPR and has
released an intensive research paper on
�Corporate Incubation�.
Centre
37
IICA CERTIFIEDPROFESSIONALPROGRAMME INENTREPRENEURIALINNOVATION
IICA faculties have delivered time-tested lab-to-life courses in Corporate Affairs. On similar lines, Centre for Business Innovation through its certification programme in Entrepreneurial Innovation facilitates business environment and create successful entrepreneurs who will become leaders in s t ra teg ic p lann ing management and executive with the initiative to contribute towards economic growth, financial inclusion and job creation through responsible bus iness p rac t i ces . To g row th rough collaboration, technology transfer as well as provide indigenous techno commercial solutions to support Nation's growth objectives. The IICA Certificate Programme (ICP) in Entrepreneurial Innovation is built on 3 strong pillars of innovation to recognise the many factors for a new start-up to succeed. The course strengthens core pillars through rigorous training and experience to Embrace Creativity & Change, Adopt Global Strategy and Practice Responsible Business. The vision of the programme is to build capacity of entrepreneurs for creating and sustaining high-growth business enterprises.
Publications 1. White paper on India and corporate incubation
Dr. Bhaskar Chatterjee, DG & CEO & Dr. Kumar Krishen, Sr. Scientist, Johnson Space Centre, NASA, Texas released the “White Paper on India and Corporate Incubation – A practitioner's
thperspectives & recommendations” on 16 May, 2015. The objective of the study was to revive corporate incubation from its nascent stage.
White paper was an intensive support for-profit
entities towards growth at an accelerated pace
through physical facilities, mentoring, market
access, funding and administrative services.
The Centre conducted research on "Sentiment Analysis Using Big Data Analytics" and the Head of Centre for Business Innovation presented a paper in the 2015 IEEE European Modeling Symposium in Madrid, Spain in October 2015. The paper was later published in IEEE Computer Society Proceedings.
International Conference on Innovations &
Intellectual Property Rights
38
2. Research Publication on Sentiment Analysis
Using Big Data Analytics
With the objective of delving on pertinent issues relating to research and application of innovation to techno commercial use, exchange of ideas and e x p e r i e n c e s a n d d e v e l o p p o l i c y recommendations to resolve issues affecting various domains, the Centre for Business Innovation organised an International Conference on Innovations & Intellectual Property Rights (ICII)
th thon 15 and 16 May, 2015 at IICA Manesar Campus to develop an open repository of case studies and research articles.
Dr. Kumar Krishen, Sr. Scientist, Johnson Space Centre, NASA, Texas, chaired the conference sharing his learning's and experiences in technology transfer and commercialising space technologies for public good. The conference provided a platform for contributors to trade ideas and best practice on intellectual property rights and innovation in the business and academic sector.
thPre-conference workshop was organised on 15 May, 2015 at IICA campus sponsored by Technology of Information, Forecasting and Assessment Council (TIFAC), Department of Science and Technology (DST) which mainly focused on “Technology Transfer & IPR Commercialisation”.
thThe conference was held on 16 May, 2015 at Le Meridien, New Delhi sponsored by Qualcomm, Madison Street Capital and Balani Infotech talked about Scaling-up and Monetising IPR and also included various case studies on Multiple Aspects of Innovation, Identification, Evaluation & Transfer, commercialisation of Intellectual Property and Innovation Capacity.
The Centre organised 2 days residential workshop th th 15 and 16 September, 2015 sponsored by
National Science & Technology Entrepreneurship Development Board (NSTEDB), DST for managers & heads of incubation centres on implementing CSR strategically to align with the development agenda. The objective of the workshop was to build capacity of newly funded incubation centres to enable them to develop incubation policies and nurture start-ups which align with the larger development agenda of the country. The workshop mainly focused on guiding about orientation of incubation managers as young incubates are young minds filled with passion and technology know but lack skills on business planning and fund raising, go to market ability, compliance and regulatory norms and business sustainability.
Implementation of Strategic CSR for Incubation
Centres
With the idea of nurturing the innovative league, Centre for Business Innovation organised a
st rd Master Training Programme from 21 to 23December, 2015. The training was conducted for the commencement of “Certification Programme in Entrepreneurial Innovation” to train two faculty members of ICP partners. The said course is framed to nurture early stage entrepreneurs to appreciate entrepreneurship over immediate careerism and enable them to ideate, plan economic allocation of resources and transform their mindset through three pillars of innovation. Prof. M. S. Rao, Chairperson - Centre for Entrepreneurship, SPJIMR-Mumbai chaired the master class through class room teaching and discussed about the for-profit, not-for-profit and hybrid models for start-ups.
Master Class for Start-Up Educators
39
People have started discussing about business opportunities for early and growth stage of start-up these days. With this idea, IICA decided to mentor Delhi Business Innovation meet-up community along with its networking partners. The Centre organised a physical meet-up to discuss about Funding
thOpportunities for Indian Start-Ups on 26 September, 2015 at Le Meridien, New Delhi.
The meet-up was attended by early stage start-ups, growth stage entrepreneurs, practitioners, representatives of professional bodies and corporate advisors. The panelists talked about raising capital & adding real value to the deal. The discussion mainly revolved around the importance of timing for a business transaction. Participants were keen to know about better business strategies which help to generate more jobs.
FACILITATING THE START-UP COMMUNITY:MEET-UPS FOR DELHI BUSINESS INNOVATION
COMMUNITY ON RAISING CAPITAL
40
For Institutional Partnershipsand Corporate Communications
Institutional Partnerships and Corporate Communications are cross-cutting services across and within the IICA verticals. The Centre for Institutional Partnerships and Corporate Communications facilitates collaboration and communication for all Schools and Centres and also serves as an external interface of the inst i tut ion. Engagement with external institutions for focused thematic projects, building up of strategic partnerships, creating national and international platforms for exchange of experience and ideas, stimulating dialogue, event planning; notification and Institute of Chartered Accountant of India promotion, communications regarding opportunities and dissemination of information are the major activities of the Centre.
Centre
The Centre's activities include forging of Institutional Partnerships - both national and international and collaboration with partners for exchange of knowledge and information, joint research, development and execution of tra in ing programmes, seminars and conferences. During the year 2015 -16, IICA entered into three MoUs with Institute of Rural Management, Anand, Bombay Chamber of Commerce & Industry and for conducting trainings and carrying out research in the field of CSR, Corporate Governance.
The Centre produced updated version of CSR Ready Reckoner, a hand book on comprehensive guidelines of CSR and compilation, editing & designing of Annual Report. One of the major responsibilities of the Centre is the projection of the IICA brand through constant updating and maintenance of IICA website and documentation and preservation of IICA history in print and audio/visual formats.
41
Business ResponsibilityWith the closure of the IICA-GIZ Business Responsibi l i ty In i t iat ives phase-I I in December 2014, IICA started functioning as the Nodal Hub for all Business Responsibility related initiative as a part of this, 12 implementation agreements were signed with NISM, BSE Ltd., CII, PHD Chamber of Commerce, National Productivity Council, Indian Banks' Association, Foundation for MSME Cluster, FICCI, Consumer Voice and the Centre for Responsible Business.
Corporate Data Management ProjectThe Centre initiated and finalized a project agreement between the Ministry of Corporate Affairs, Government of India and Indian Institute of Corporate Affairs to implement the new Plan Scheme "Corporate Data Management".
thDuring this operational tenure from 6 October, th2015 to 6 September, 2016, Indian Institute of
Corporate Affairs had to organise a total of 22 training programmes for imparting training in the field of finance, laws, data analytics, governance, statistics, accounts, CSR, Companies Act and Regulations. IICA collaborated with premier institutes like Indian Institute of Management (IIM), Indian Statistical Institute (ISI), Indian Institute of Foreign Trade ( I IFT ) , Nat iona l Ins t i tu te o f F inanc ia l Management (NIFM), FORE School of Management and various industry and legal experts for providing insight view on the specified domain areas. During the year, 10 training programmes were organised, where 145 Ministry of Corporate Affairs officers were trained on issues related to understanding Financial Statements, Best Practices in Corporate Governance, SEBI and Companies Act, 2013, Management Development Programme on Business Analysis in a Big Data World and Certificate Programme on Big Data & Data analytics, Financial Statements and Profit and Loss Account, Primer on Securities Markets, Mapping of Company Accounts to National Accounts and XBRL Implementation in MCA 21.
Training Programme for Coal IndiaLimited Management Trainees ofCommunity Development DisciplineThe Centre conducted the t ra in ing
st programmes of the 1 batch of 30 Coal India thLimited (CIL) Management Trainees from 19
thSeptember to 19 October, 2015. The training programme covered a total of 80 sessions Covering four segments. The training was designed to impart an understanding of Corporate Soc ia l Responsibility and Community Development (CD) in accordance with relevant legislation, and its translation into practice; Sustainable D e v e l o p m e n t ; R e h a b i l i t a t i o n a n d Resettlement (MR), Land Records and Acquisition; Energy, .NAMDR Act and related issues. Field visit to Satya Bharti School, Neemrana and Land Records office, Haryana were also part of the training programme.
42
KNOWLEDGERESOURCECENTRE
Access to information both specific and general, across discipl ines and geographical borders plays a very critical role in supporting the academic programmes of any educational institute, leading to the role of libraries as Knowledge Resource Centres. A library identifies, evaluates, procures, process knowledge resources and then makes the learning/knowledge available to the faculty and students for their teaching, learning and reseasrch assignments.
The Knowledge Resource Centre (KRC), has been primarily designed to meet the requirements of the academic and training programmes of the Schools and Centres. It has a collection of more than 5500 volumes of books and other publications. These publications include training material & modules, annual reports, regulatory acts,
informative articles and technical write-ups, among others. The KRC is designed to subscribe to and subsequently provide access to online full text journals. Classified under the DDC 23 method, the resources of the KRC are acquired on demand and on expert approval, thereby ensuring both the quality of publications and its relevance to the subject.
The resources are available in digital format listing to ensure ease of access and classification. For the smooth functioning, KRC has an operational manual containing all rules, regulations and procedures. The manual identifies all crucial functional modules and delineates a clear policy on the modality of the activities of the library such as collection, development, provision of information services, management of other academic support facilities etc.
43
KRC has good collection of Hindi
books, both subject related and general
books. Full text online journals and
databases like Westlaw, Manupatra,
Kluwer Competition Law, CLA online,
Taxmann Allied Services and Jstor have
been subscribed by the KRC for supporting
training and teaching. All these online
database and the newspapers can also be
accessed through remotely via Ezproxy
gateway. �Ezproxy� is a web / cloud based
access gateway for accessing the online
and digital resources.
The Library Management Software
�LIBSYS� has been procured for library
automation. First phase of RFID has also
been undertaken and functioning smoothly
at KRC.
KRC is also subscribing ant i
plagiarism software Turn-it-in. This
software is helpful in checking originality of
all submitted research papers, modules
and articles.
A wel l equipped modernised
computer lab with internet and other
facilities is also available in the KRC for
research and training purpose.
44
Foundation for CorporateSocial Responsibility
IICA-Centre of Excellence for Sustainable
Development (IICA-CESD) has since its
inception constantly endeavored to steer
t h e c a p a c i t y b u i l d i n g a g e n d a o f
Sustainability and Sustainable Development
for the Corporates in India.
th thIt was a two days residential MDP Programme for Indian Corporates held on 28 to 29 May, 2015 at IICA campus. The event saw the participation of representatives from various sectors such as automotive, power, engineering, petroleum, hospitality, FMCG, banks, construction firms, foundations etc. Designing CSR projects within the national and global requirements of sustainability and inclusive growth, while keeping sustainable development in focus was the key theme. The programme consisted of technical sessions on sustainability risks, challenges and opportunities with a focus on developing strategies, good practices and innovative technology solutions across 12 sectors and illustrative case studies on project.
IICA-Centreof Excellence
for Sustainable
Development
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I t was 2 days residential Management th th Development Programme held on 5 and 6
November, 2015 at IICA campus. The programme included topics on CSR mandate, National & Global Sustainable Development scenario, sustainability, risks & challenges, opportunities & developing strategies, designing, developing & aligning CSR projects, technological innovations in CSR project design & development, CSR project development & implementation, safe drinking water, water shed management, water harvesting, biodiversity conservation, renewable energy, biomass, solid & liquid waste, biogas, group discussions on CSR Policy, implementation, reporting and monitoring, evaluation, impact assessment and reporting of CSR projects.
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Strategising CSR for Sustainable Development – Transformative Solutions to Protect the Planet& Enhance Human Well-being
The 3 days residential CSR/Sustainability th thWinter School was held on 17 to 19
February, 2016 at IICA campus. A large number of delegates from public & private sector attended the programme. The programme included topics on CSR mandate, National & Global Sustainable Development (SD) scenario, sustainability strategies, risks & mitigation, designing, developing & aligning CSR projects with core areas, technological innovations in CSR projects, design & development, case studies on safe drinking water, water harvest ing, biodiversity, smart solar microgrids, wind-solar hybrid, MSW & liquid waste management, biogas applications, biomass power & process plants, CSR policy, implementation/IAs, reporting, CSR & SD, resource accounting, sustainability reporting, disclosure & reports, monitoring, evaluation, impact assessment and reporting of CSR projects. A field visit to National Institute of Solar Energy (NISE), Gurgaon was
thorganised on 18 February, 2016.
CSR Portal Vertical
Section 135 of the new Companies Act, 2013 mandates that qualifying companies need to spend a minimum 2% of their average “Profit Before Tax” (PBT) of the past three years as Corporate Social Responsibility (CSR). With CSR mandate, it has become necessary for the corporate sector to understand the development sector and also for the NGOs/Implementing organisations to understand nuances of the Section 135 of the Companies Act, 2013. This had thrown up lot of opportunities for IICA, which is mandated to act as a think tank for the Ministry of Corporate Affairs on Corporate Social Responsibility and other relevant matters. This has resulted in creation of CSR Data Analytics Portal Vertical in National Foundation for CSR (NFCSR) in IICA.
India being the first country to bring CSR through the legislative route, there was a need to create not just a database of companies coming under ambit of Section 135 but also a metadata of CSR implementing organisations, CSR policies, CSR spends, best practices on CSR, consulting firms, research organisations, frequently asked questions etc. This portal has various features like Geo-tagged database of companies falling under CSR domain, their CSR policy and plans, geographical spread of CSR activities, CSR spend analysis both sectoral and over a geographical area etc. Analysis of this metadata may be u t i l i sed by var ious stakeholders like Ministries, media, corporates, NGOs, other service providers, consultants, individuals etc. for knowing about CSR opportunities, in accessing and disseminating information about new CSR rules and discuss its implementation related issues, to find out details of CSR activities in India etc.
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There is dearth of countrywide and sector wise data on CSR in India. At the same time, IICA was uniquely positioned to quickly scan the CSR landscape and create a credible database on its own. Sensing the opportunity, the vertical created a comprehensive data base of all companies who have done their CSR activities in financial year 2014-15 out of the data available in public domain through Director's Report of the Companies.
Highlights of this comprehensive database is- ° In house analysis of data through interns
and trainee company secretaries ° Obtaining data from information available
in public domain° Data of around 7300 companies scanned
so far ° Advocacy to publish data available in
AOC-4° Advocacy to streamline AOC-4 format to
capture the data correctly
At present there is a lack of recognition of NGOs as drivers of CSR which concerns about their legitimacy in relation to CSR, difficulties in the mutual understanding between NGOs and corporates and a lack of self-confidence among NGOs as important players in CSR. The role of NGOs is often regarded as controversial and their integrity is contested. This deep-seated misunderstandings and mistrust among different stakeholder groups (particularly between NGOs and corporates) can be a possible impediment for concrete CSR initiatives. It has to be acknowledged that over the years, a fairly large trust deficit has developed between NGOs and corporates. NGOs, particularly small and medium sized NGOs, frequently paint corporations as solely profit� maximising entities with little care for stakeholders or the environmental impact. Corporations, for their part find it difficult at times to place their faith in NGOs. Their hesitation relates largely to issues of ethics and implementation capabilities.
Highlights of the work in this domain is-
° Worked with Institute of Chartered Accountants of India to issue a Guidance note on accounting of CSR in India
° Facilitated number of training programmes on accounting, audit and taxation on CSR
° Developed a course curriculum for a course on financial management of CSR in India
° Floated an EOI and empaneled 5 institutes from different parts of India for facilitating financial management of CSR in India
° Developing a course on impact audit of CSR expenditure, in coordination with external faculty
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The CSR Implementing Agency Hub has the following aims and objectives:-
To g e n e r a t e a d a t a b a s e o f imp lementa t ion pa r tne rs w i th information about their geographical presence, area of work, previous projects executed
To generate a database of agencies conducting baseline surveys, impact assessments and social audits
To init iate a continuous onl ine registration process of implementing agencies and other agencies
To take concerted steps for the training and development of comprehensive skill enhancement of trusts / Societies / Section 8 companies / foundations / C S O s o p e r a t i n g w i t h i n I n d i a
To organise regular meets of NGOs /I m p l e m e n t i n g a g e n c i e s a n d c o r p o r a t e s o n n a t i o n a l a n d international levels
To facilitate the IAs to showcase their work
The Global Summit on Corporate Social Responsibility 2015 was organised by Indian Institute of Corporate Affairs, Indian Institute of Management, Raipur and National Law School of
th thIndia University, Bangalore on 15 and 16 May, 2015 at India International Centre, New Delhi. This event experienced a huge participation from India and abroad. The Global Summit had an inaugural, a valedictory, four plenary sessions and eight technical sessions. The call for paper was given in the month of December 2014 and around 250 papers were received. Out of this, 110 papers were shortlisted and presented at the Summit. Around 35 speakers, 110 paper presenters, around 25 NGOs and 50 Corporates attended this event. Mr. Prahlad Kakar, Dr. Ashish Kumar Chauhan, Padma Bhushan Bindeshwar Pathak, Ms. Rebecca Tava res , Mr. Lou is Georges A rsenau l t ,Dr. S. K. Nanda and Mr. Michiel Berkins were few of the luminaries out of the huge galaxy of the star speakers who graced the occasion by their presence.
Synergistic partnership between corporations, NGOs and the Government should also allow for greater transparency in the operations of all three agencies. Government data can help guide CSR agendas into needful areas. Corporations have experience making sure the projects are streamlined and cost� conservative and NGOs have experience and knowledge of marginalised and underserved areas of society as well as experience in operational transparency (some NGOs, in fact, directly target transparency as a goal). As such, if a symbiotic relationship can develop between corporations, NGOs and the Government, socially responsible programmes have a measurable impact faster and more efficiently than if there is less transparency and no trust. The present challenge is therefore to bring all the implementing agencies (IAs) under one umbrella and create a one stop-shop for good and reliable NGOs/IAs for corporate India. To facilitate corporates connect with good quality and well established Implementing agencies, IICA has set up a CSR Implementing Agency (IA) Hub. This would seek to meet the urgent requirement by corporates who would look out for trustworthy and reliable implementing agencies.
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LEARNING AND DEVELOPMENT Learning and Development (L&D) NFCSR in association with partner organisations of national repute and resource experts works towards knowledge dissemination and learning enhancement on Corporate Social Responsibility (CSR) in accordance with Section 135 of Companies Act, 2013 and rules made there under. The Ministry of Corporate Affairs makes update and changes in the regulations relating to CSR based on the need and feedback. It, therefore, raises a need for CSR professionals to be kept abreast to help corporates and Implementing Agencies to undertake CSR activities in compliance to these changes by the Ministry of Corporate Affairs
The Vertical has been dedicated towards upgrading the CSR knowledge base and disseminating the same through training programmes, advisory services, advocacy and knowledge products. There are two category of training programmes provided at IICA to cater to the growing needs of the CSR stakeholders:
1) The IICA Certificate Programme (ICP) is a 9 month online training programme covering all aspects of CSR and Sustainability – from global to Indian; theory, and practice. The programme includes an innovative 3 weeks corporate attachment & 12 weeks NGO project to give students hands on learning of CSR policy, strategy and implementation as per the new CSR legislation. The course is delivered through study centers of national repute from around the country and a number of contact classes are held along with online tests under the supervision of IICA certified trainers.
2) The Short Term Programme (STP) in CSR, of 2 to 5 days contact classes, is tailor made capacity building programme that provides customised development-centric knowledge that enables individuals and organisations create socio-economic value in the non-profit, public and private sectors.
The Vertical develops national academic content through in-house authors in collaboration with development sector experts. This content is regularly upgraded and made contemporary to reflect the ever evolving CSR narrative in the country as per Section 135 of the Companies Act, 2013. It is divided into 23 Chapters which comprises of global perspectives, definitions and case studies as well as the Indian agenda CSR under the new Act. CSR compendiums are also developed through stakeholder consultations on key sectors like education, health and skill development. These CSR c h a p t e r s / k n o w l e d g e p r o d u c t s / compendiums act as curriculum and reference material for both ICP and STP in CSR.
IICA Certificate Programme (ICP) in CSRThe pilot batch of ICP in CSR started in October, 2014 culminated with a three day placement facilitation and certificate award
th thceremony from 8 to 10 July, 2015 at IICA, Manesar. During the three days corporate houses and NGOs put up stalls and interviewed the participants for on campus placements. 170 candidates were awarded the cert ificate of I ICA Cert ified CSR Professional. In the subsequent months some of the candidates also secured placement in organisations like Avantha
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Foundation and CARE International. The second batch of ICP in CSR was launched
ston 1 February, 2016, with 130 candidates. Officials from top companies like ONGC, NTPC, Tata Capital, Titan, BHEL, IOCL, BEL, Mahindra etc. have been nominated for ICP in CSR course and there is growing demand of the same in the CSR capacity building market.
Executive Education - Short Term Programme (STP) in CSR, CSR Advisory & Eco-system tools: delivered through a Project Management Unit (PMU)
I ICA – STP in CSR is designed for professionals from different fields who can benefit from IICA's expertise in CSR. IICA works with various partner organisations to del iver the STP in CSR to prov ide c u s t o m i s e d d e v e l o p m e n t - c e n t r i c knowledge that would enable individuals and organisations create socio-economic value in the non-profit, public and private sectors. IICA - STP in CSR aims to enable learners to integrate CSR good practices into key business and socio- economic development areas through case studies, interactive discussions and analytical presentations. The programme also provides a greater understanding of how to mitigate negative impacts of business activities on the
environment and to identify opportunities that could simultaneously benefit the society and the organisation. The programme is designed to provide an insight of the key focus areas of CSR process flow, policy, strategy, implementation, monitoring, evaluation, accounting, audit, taxation and reporting as required by the new legislation. The programme is available for different seniority levels and at various locations across India. People enrolling into the programme are likely to emerge as game changers, imbued with the passion and ability to significantly contribute towards nation building.A Project Management Unit (PMU) was also set up under STP in CSR that is supported by IL&FS Academy for Applied Development (IAAD) with a dedicated team. The PMU focuses on action research, training need assessment, design and development of new and innovative capacity building programmes, content development, case study writing and the conduct of STP in CSR on a revenue sharing model with IAAD. It also supports ICP in CSR as a knowledge partner.
stConvocation of the ICP in CSR- 1 Batch
Group Picture of Participants with theTrainers at Scope Complex, New Delhi
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A number of STP in CSR were conducted during the year where about 150 officers from Corporates were trained. The participants were provided a 360 degree perspective of Indian CSR as per the new legislation – both theory and practice. The prominent ones amongst them were: Leadership Programme in CSR, New Delhi
rd thheld from 3 to 5 June, 2015 in partnership with Franklin Covey, Gurgaon. 35 candidates were trained and certified by IICA as Trainer (ICT) in CSR. This was strategically planned to develop a cadre of CSR trainers to take up capacity building across the country. Some of them were also engaged as visiting faculty for STP in CSR conducted by IICA.Coal India Limited (CIL) Management Trainee were provided capacity building through STP in CSR and Community Development, IICA Manesar. There were 4 batches catering to a total of 105 CIL officers. Each batch underwent about 24 days of training, out of which 7-8 days were dedicated to understanding of CSR including 1 full day of field visit to organisations like Maruti, Bharti Foundation, America India Foundation and Don Bosco. The 4 CIL batches were conducted from September, 2015 to March, 2016 at IICA campus, Manesar.Totality in Project Management and CSR
st thorganised from 1 to 5 February 2016 in partnership with International Institute of Projects & Programme Management (I2P2M), Noida. 13 officers from organisations like Power Grid, IOCL, Essar, ONGC, EIL etc. underwent 5 days training where 2 days was dedicated to understanding of CSR and 3 days for project management.
A series of 3 CSR Roundtables were conducted across the country in partnership with Sattva. These were held as follows-
thØ CSR and Skill Development – 12 June, 2015 - in association with Karve Institute, Pune
thØ CSR and Health – 19 October, 2015 - in
association with BRICS at New Delhi th
Ø CSR and Education – 15 December, 2015 – in association with Jagran Lakecity University, Bhopal The Roundtables were well attended and involved intense, technical discussions be tween gove r nment func t iona r i es , corporates, NGOs/implementation agencies, academic institutions etc. CSR Sammaan - Sammaan is a national flagship initiative designed and developed by Bombay Stock Exchange (BSE) and IICA, in partnership with Confederation of Indian Industry (CII). It is a platform that bridges the CSR accountability gap between corporations and implementation agencies (IA)/NGOs. The aim of Sammaan is to enable corporate houses to access credible NGOs to spend CSR funds and enhance transparency, visibility and social outcomes of their CSR initiatives.
The BSE Sammaan, through its website, facilitates corporate houses to partner screened IA/NGOs for taking up their CSR activities. IICA worked closely with the BSE and CII to help set up the technology platform and get it going. ICP and STP in CSR will also be collaborating with the BSE to further strengthen the process of impactful spending through Sammaan by including it as modules within the training curriculum.CSR INDEX - CSR Index, conceptualised by BSE and I ICA, proposes to deve lop quantifiable, objective parameters that can capture compliance to the CSR legislation and the impact of CSR activities for all companies l isted on the BSE. Based on this, a mathematical figure will be assigned to each such company. This figure will allow to c o m p a re C S R p e r f o r m a n c e a c ro s s companies, industries and sectors and to see if there is a business case to CSR that can evolve over a period of time. BSE, IICA and CII have formed an Advisory Committee to collaborate with various stakeholders to develop the CSR Index. It is proposed to later include non-BSE listed companies as well as part of the CSR Index.
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IICAAudited Accounts
2015-2016
Financials
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