On 1st February 2016, Ministry of Corporate Affairs uploaded the report of Companies Law Committee on its website here. In 5th post on this report, we will discuss recommendations of the committee related to Auditors, Directors, Independent Directors, etc.
On 1st February 2016, Ministry of Corporate Affairs uploaded the report of Companies Law Committee on its website here. In 4th post on this report, we will discuss recommendations of the committee related to shares, debentures, general meeting, NFRA, Board Report, CSR etc.
Posted in Companies Act 2013, CorpGov, CSR, Governance and Responsibility, Truth of Our Time
Tagged Board Report, CSR, Debentures, General Meeting, NFRA, Shares
On 1st February 2016, Ministry of Corporate Affairs uploaded the report of Companies Law Committee on its website here. In 3rd post on this report, we will discuss recommendations of the committee related to Incorporation and allotment of capital securities.
On 1st February 2016, Ministry of Corporate Affairs uploaded the report of Companies Law Committee on its website here. In second post on this report, we will discuss recommendations of the committee related to Definitions in the Companies Act, 2013.
On 1st February 2016, Ministry of Corporate Affairs uploaded the report of Companies Law Committee on its website here. In this post, I will discuss recommendations which might affect Company Secretaries.
Before reading further, I would like to disclose that I was part of two groups; Task Force on Companies Law and Research Group on Companies Law constituted by the Institute of Company Secretaries of India. All view here are personal and not of these groups or ICSI.
Posted in Companies Act 2013, Company Secretary, CorpGov, Governance and Responsibility, Institute of Company Secretaries of India - ICSI, Secretarial Audit, Secretarial Standards, Truth of Our Time
Tagged Annual Return, Companies Act 2013, Companies Law Committee, Company Secretary, Key managerial personnel, Secretarial Audit, Secretarial Standards
Today, I am posting an article posted earlier on my Hindi Blog which was criticized just because it made public a view many time reflected by Industry but various interest groups do not want to debate; and certainly not a correction. But, this need debate. I invite views of readers in comment section given after the post. Though, this post took example of Company Secretaries, many other professions and vocations are in similar situation.
पिछले एक आलेख में मैंने कंपनी सेक्रेटरी के बहाने देश के रोजगार परिदृश्य की विवेचना की थी| आज कंपनी सेक्रेटरी के बहाने देश में शिक्षा के स्तर की चर्चा करेंगे|
दिल्ली रेडिमेड कंपनी सेक्रेटरी का उत्पाद केंद्र है| यहाँ के उच्च स्तरीय कोचिंग सेंटर परीक्षा की बहुत श्रेष्ठ तैयारी कराते हैं| साथ ही बहुत से श्रेष्ठ कंपनी सेक्रेटरी बिना पैसे लिए संस्थान की ओर से छात्रों के ज्ञान बाँटते हैं|
परन्तु, पिछले वर्ष एक कंपनी के डायरेक्टर ने मुझे कहा था कि एक बार में कंपनी सेक्रेटरी परीक्षा पास कर कर आने वाले दस प्रत्याशी उसे पब्लिक कंपनी और पब्लिक सेक्टर कंपनी का अंतर नहीं बता सके| इसके लिए प्रायः भारतीय कंपनी सेक्रेटरी संस्थान को दोष दिया जाता हैं| मगर इसके कहीं अधिक दोषी हमारा समाज और शिक्षा के प्रति सामाजिक धारणा है|
यह सब हुआ कैसे?
पहला तो छात्र ज्ञान प्राप्त करने के लिए नहीं वरन परीक्षा पास करने के लिए पढने लगे हैं| परीक्षा पास करने के लिए उन गूढ़ प्रश्नों के उत्तर याद कर लिए जाते हैं जिन्हें प्रायः परीक्षा में पूछा जाता है या पूछा जा सकता है| याद करने की यह प्रक्रिया इतनी मशीनी है कि उसमें कानूनी गहराई समझने के लिए गुंजाईश ही नहीं बची है|
जब यह छात्र किसी भी कोचिंग सेंटर में जाते हैं तो कोचिंग सेंटर का लक्ष्य होता है, पास हुए छात्रों की संख्या और प्रतिशत बनाये रखना| उनके यहाँ किसी भी सवाल जबाब का कोई स्थान नहीं रहता| केवल बचकाने प्रश्न छात्रों के सामने रखे जाते है जो उन्हें जबाब याद करने की ओर ले जायें, न कि समझने दें| हाँ, अगर कोई छात्र प्रश्न पूछता है तो उसे उत्तर दिया जाता है मगर इस भगदड़ में प्रायः छात्र प्रश्न पूछने की जगह उत्तर याद करने में लगे रहते है|
संस्थान अपने पुराने ढर्रे पर चल रहा है| प्रायः कोचिंग सेंटर और छात्र पूछे जाने वाले सवालों का पहले से जो अंदाजा लगाते हैं उस से मिलते जुलते सवाल आते है| परीक्षा में बहुत सटीक उत्तर के कमी रहती है| अभी हाल ही में एक सम्म्मेलन में बात उठी थी की अगर कोई परीक्षक जरा भी सख्ती से नंबर देता है तो उसके पास संस्थान की ओर से चेतावनी सन्देश आ जाता है|
जब यह छात्र उत्तीर्ण होकर नौकरी के लिए जाते हैं तो कंपनियां उनको अनुकूल नहीं पातीं| बहुत सी बातें जो छात्र जीवन में डट कर पढ़ी गयीं है वो कई बार कंपनी में नहीं होनी होतीं; जैसे मर्जर| जो कार्य कंपनी में रोज होते हैं उनपर छात्र जीवन में कभी ध्यान नहीं दिया गया होता जैसे; कानूनी विवेचना, रेजोलुसन, बोर्ड मीटिंग, समझौते| यह केवल छात्र की ही गलती है नहीं है वरन उस सिस्टम की भी है जो कोर्स को तैयार करता है| रोजमर्रा के काम पढाई में हल्के लिए जाते हैं जबकि उनमें अगर एक्सपर्ट हों तो समय भी बचेगा और बोर्ड की निगाह में जगह भी बनेगी| मगर कहा जा रहा है कि आज कंपनी सेक्रेटरी मिनटबुक में दो लाइन भी बिना नक़ल के नहीं लिख सकते|
मगर क्या यह देश का परिदृश्य नहीं हो गया है? क्या इसी कारण अंडर एम्प्लॉयमेंट भारत का एक स्वीकार्य सच नहीं बन गया है?
Photo: Pixabay
This blog always believe in ethical compliance of law, governance and responsibility. The blog regularly put here it annual report regularly for public information.
This year is not just another year for this blog with more acceptances from professionals, students, academics and general public. Few blogs started with inspiration and starting new completion while some older blogs fade away.
The blog was adjudged as one of the best blogs in India by Indianbloggers.org in category “law” in 2013 and continue hold this position. Indian Blog critics IndianTopBlogs.com listed this blog among best blogs on Corporate Affairs for year 2013 – 14 and 2014 – 15. While, Indiblogger.in opine that this blog helps the world a better place.
Most readers are resident of India and others are from 148 (against 167 last) territories worldwide. This reduction in number of territories may be due to less interest related to Indian law, outside India. Other than India; United States, United Kingdom, European Union, Malaysia, Singapore, Pakistan, South Africa, Kenya, United Arab Emirates, Australia, Nigeria, and Hong Kong SAR China, are important territories with more than 500 yearly views. Kenya and Nigeria are new entrants in top list.
The Alexa World Rank of the increased from nearly early 10 Lakh to less than 8 Lakh during the year 2015. Most of our readers landed here on the blog from Search engines. Few others were referred by Social Media and friends. This blog request all its users to share posts among their friends through social media buttons given after each post.
The Louvre Museum has 8.5 million visitors per year. This blog was viewed about 410,000 times in 2015. If it were an exhibit at the Louvre Museum, it would take about 18 days for that many people to see it.
The blog got about 4.1 lakh page views by 2.7 Lakhs unique visitors this year against 3.72 lakh views by 2.25 lakh unique visitors last year. Presently about 545 readers (against 370 last year) subscribed this blog over their email to get instant updates. This year 60 readers requested for updates through whatsapp.
During the year, the blog posted 150 blog posts against 228 posts last year. The Blog handled about 455 comments during the years against 529 last year. All blog posts posted this year are available here. All earlier blog posts are available at these links: 2014, 2013, 2012 and 2011.
I am thankful to WordPress which provided me all kind of support of excellent software which are easy to learn and use. Click here to see the complete report with graphics and information.
What more are you looking for in this blog? Please give your feedback, suggestions and comments at comment box after this post.
20 most read blog posts this year was:
With emergence of Digital India, risk and benefit are growing. Every step of further development and growth should be very well calculated. Digital India may serve the state in delivery of governance to its citizen, but may also harm with its securities lapses. This technology is not time tasted and digital security is still at its nascent stage. India critically needs its own high capacity servers to store its own data within geographic limit. We should also have our own geo positioning system. India also need its own cloud storage system, E – mail client for at least all public servants. We need to educate our people to protect their own privacy and sensitive data. Major concern is to provide services to citizen on their hand held digital devices like smart phone and tablets.
My Article on topic “Digitally Mobile India” is published on page 34 of souvenir of 43rd National Convention of Company Secretaries of India held from 17th December 2015 to 19th December 2015 in New Delhi.
Very Soon, Indian Finance Minister will finalize this tax proposal keeping (possible a blind) eye on tax reforms. Indirect tax reforms, even at the central side of constitutional barriers are still at halt just because of long time of eye – wash of Goods and Service Tax reform There is no concrete information on present status and future of Direct Tax Code. We as citizen need to understand and reveal hardship of our tax system and support a simpler tax regime. Our views may help the Government.
National Herald was a newspaper and is a building and, for most political activist on social media, a case by a politician against its rivals.
The High level Committee constituted by Ministry of Corporate Affairs to suggest measures for improved monitoring of implementation of Corporate Social Responsibility Policies by the companies under Section 135 of the Companies Act, 2013 has submitted its Report to the Government. A copy of report is available here.
We will summarily discuss recommendations of the committee in this post.
We all students of corporate law and governance must have heard about and read the Cadbury Committee. This is unfortunate time to pay Homage to Sir Adrin Cadbury. Sir Adrian Cadbury died last Thursday. He was 86. I produce here, a copy of homage paid by Corporate Law and Governance Blog of Robert Goddard, Senior Lecturer in Law, Aston Law, Aston Business School, Birmingham, UK.
Sir Adrian Cadbury died last Thursday. He was 86. He led a full life, a remarkable life, a good life. Obituaries have appeared in several newspapers, including The Guardian, Daily Telegraph andFinancial Times.
Irrespective of political parties in power, Government of India fails to deliver any substantial ease of doing business or living life. #EaseOfDoingBusiness #EaseOfLivingLife
There is no real delivery except creating some online filing like MCA21 and online payment of fees, taxes and duties in first fifteen years of this 21st century. Switching to online environment from paper environment is just change of mode not a relaxation for ease of doing business or ease of living life from the side of government. This is just a technical advancement without role of government. One can understand it switching from inkpot system to fountain pen or ballpoint pen, which was also resulted in substantial reduction of time. Another example may be paper based tax calculation to calculator based tax calculation.
Presently, government has also come out of another gimmick called integrated incorporation forms. Without digging deep, name just suggests; there is no ease just integration. Instead of less pain, all quantum of pain at one place one time with more possible error of treatment at once. #EaseOfDoingBusiness #EaseOfLivingLife
Posted in Chapter II - CA2013, Companies Act 2013, Governance and Responsibility, Truth of Our Time
Tagged Corporate Law, Ease of Doing Business, Ease of Living Life, India, Kheej of Doing Business, Ministry of corporate affairs, Official Gazette, Tease of Doing Business, The Compaanies (Incorporation) Amendment Rules 2015, The Companies (Incorporation) Rules 2014, The Companies Act 2013
Since student life, if that was life at all, ICSI do wonder in our life. Now, it does more wonder when you try to help students. “ICSI is tech – savvy organisation with great e-governance model by providing online services” once, I was informed.
Here, I will narrate my experience with funny tone with intention of improvement. I am going public to fetch more feedback and suggestions.
I was going to registration of my firm for providing training to student. When I access “on-line service” tab and clicked for “company registration” i got this window:
The world remade is a continuous phenomenon with the changing world. World changes itself every moment but in long-term it remade itself.
What is world is first and debatable question. My world is different from your world. Human world is different from animal world. For sure, creator’s world is different from all of us, the creatures.
I will define my world here, for the purpose of my discussions. My world is essentially a human world created by its original creator, the nature, and this world subsist within whole the world created by the nature.
Recently, most of union ministries issued e – books on activities and achievements in recent years. This is welcome initiative under leadership of Prime Minister Modi, if it continues for next five years of present government. Presently, these e – books highlights past performances which belongs to mostly congress tenure. The e – book issued by Ministry of Corporate Affairs has no difference.
[A new Web portal LawStreetIndia launched on Pongal this year. This piece was originally published on LawStreetIndia here on 15th January 2015. This blog wish all success to the portal]
Investor Education and Protection Fund is a permanent parking lot of all unclaimed shares and dividend under the Companies Act. Unending hunger of fund by government results its claim on everything unclaimed with help of hurriedly drafted laws. Yes, for all legal purpose, government is not going to own such money and keep it in trust but fund so transferred help to arrange mileage for government as administrator of such fund.
This year was a very special year for my blog. The blog got more recognition and love from law professionals, students and public. The WordPress.com stats helper monkeys prepared a 2014 annual report for this blog.
Here’s an excerpt:
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AishMGhrana 