Loading…

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

Like this presentation? Why not share!

Corporate Compliance Management

on

  • 1,373 views

 

Statistics

Views

Total Views
1,373
Views on SlideShare
1,229
Embed Views
144

Actions

Likes
0
Downloads
56
Comments
0

5 Embeds 144

http://www.pkvijay.com 69
http://pkvijay.com 49
http://localhost 20
http://192.168.1.123 5
http://indiacp.biz 1

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • and Enhanced Trust and Confidence of all Stakeholders INVESTORS EMPLOYEES CUSTOMERS SUPPLIERS GOVERNMENT AND REGULATORS, and SOCIETY at large
  • Companies get Widespread Goodwill and Brand Reputation, resulting into Widening Customer Base Ready Market for New Products Access to Global Markets, and Better Access to Human Capital
  • The first advantage is GROWTH Growing Revenues Growing Profits Growing Market Value
  • Growing Investors Winning Employees Delighted Customers Trusted Suppliers Satisfied Government And Regulators Happy Society That is Excellence, which everyone aspires for and that leads to National Growth

Corporate Compliance Management Corporate Compliance Management Presentation Transcript

  • CORPORATE COMPLIANCE MANAGEMENT Mr. Pavan Kumar Vijay, Past President, ICSI, Managing Director “ Exploring New vistas”
  •  
  • As just another burdensome, complicated , back office operations, monotonous work? OR A tool to create VALUE for the organization ? Do we consider Corporate Compliances
    • Value Creation of Enterprise through
    • Corporate Compliance
    • Enhanced Trust and Confidence of all Stakeholders
    Employees Investors Customers Suppliers Government and Regulators Society
    • Widespread Goodwill and Brand Reputation
    Access to Global Markets Lesser chances of Investigations Ready Market for New Products Widening Customer Base
    • Growth
    Growing Revenues Growing Profits Growing Market Value
    • Loss of Investors Confidence
    • Difficulty in further raising of capital
    • Investor Complaints
    • Loss of reputation in National & International Markets
  • Outstanding Performance, Higher Profits, Expanded Market Reach and the like FAILS to protect a company which has put good governance & ethics at the back burner…. S U C E S S D I S A S T E R
  • ..…Only the culture of strict adherence to good compliance can keep a company ahead on sustainable basis , bring in larger profits…
  •  
  • Details of complaints resolved during the financial year 2007-08 are as follows. Complaint Received Complaint Resolved Pending 430 360 70
  • EXAMPLE :– INVESTOR’S COMPLIANT MODEL Reasons of Complaints Total Complaints Complaints Resolved Pending Complaints Reason for Pendency 0 – 7 Days 8 – 15 Days 16 – 21 Days Non-receipt of Bonus 145 67 32 16 30 Wrong address Legal Issues Delay in Dematerialization 65 24 20 16 5 Wrong Folio no. Non-receipt of dividend 130 62 28 15 25 Wrong address Court Cases Non-receipt of Notice 90 42 24 14 10 Undelivered Wrong address Total 430 195 104 61 70
  •  
  • Designing effective & user friendly COMPLIANCE MANAGEMENT SYSTEM to lay down strong foundation for GOOD GOVERNED COMPANY
  • IMPLEMENTING EFFECTIVE COMPLIANCE MANAGEMENT SYSTEM
    • Clause 49 of Listing Agreement:
    • “ The Board shall periodically review compliance
    • reports of all laws applicable to the company ,
    • prepared by the company as well as steps taken by
    • the company to rectify instances of non-compliances.”
  •  
    • COMPANY POLICIES
    OPERATIONAL PLANNING AND EXECUTION BOARD OF DIRECTORS CORPORATE PLANNING LEGAL FINANCE AND ACCOUNTS HUMAN RESOURCES CORPORATE COMMUNICATION PRODUCTION AND OPERATIONS MARKETING INFORMATION TECHNOLOGY DEPARTMENTS IN A COMPANY EXTERNAL STAKEHOLDERS Company Secretary DIR A DIR B DIR C DIR D DIR E INVESTORS GOVERNMENT AND REGULATORS SOCIETY SUPPLIERS CUSTOMERS LENDERS
    • ROLE OF
    • COMPANY SECRETARY
    • in COMPLIANCE MANAGEMENT
    • Company Secretary is primarily responsible
    • to coordinate with
    • COMPLIANCE OF ALL LAWS
    • Therefore, WE ARE ANSWERABLE……
  • Time has come……. Corporate compliance is not merely a legal compliance but it is a NECESSITY AND VALUE CREATION Now …………
  • THE FIVE STEP PROCESS
  •  
  •  
  •  
  •  
  • Media And Entertainment Infrastructure, Power And Telecom IT Solutions IT Enabled Services And BPO Textiles Tourism And Hotel Capital Market And Its Intermediaries Engineering and Construction FMCG Agriculture And Food Processing Capital Goods Drugs, Pharma And Healthcare Banking And NBFC Financial Services
  • Global Operations Indian Operations
  •  
    • Identify the gap
    • between
    • the present compliance system
    • and
    • the results of Evaluation Process
    • Establishing Controls & Standard
    • Delegation of Responsibility
    • Analysis & Assessment
    • Compliance Reporting
  •  
    • ABOUT ABHISHEK INDUSTRIES LIMITED
    • Public Limited Company
    • Listed at – BSE, NSE
    • Textile Industry
    • Large Manufacturers
    • Exporters
    • Over 9000 No. of Employees
    • Units Located at Barnala, Punjab
    IDENTIFICATION, EVALUATION & ASSESSMENT AT ONE PLACE…
  • General Laws Applicable to Company
    • ON THE BASIS OF GENERAL CORPORATE INFORMATION
    • Companies Act, 1956
    • Income Tax Act, 1961
    • SEBI (Insider Trading) Regulations, 1992
    • SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997
    • Listing Agreement Regulations
  • Sector Specific Laws Applicable to Company
    • On the basis of Sector – Manufacturing and Trading
    • National Environment Policy
    • Environment (Prevention of pollution control) Act, 1986
    • Central Excise Act
    • Value Added Tax
  • Industry Specific Laws Applicable to Company
    • On the basis of Type of Industry
    • National Textile Policy, 2000
    • Textile Commodities Act, 1963
    • Textiles(Development & Regulation )Order,2001
    • Export Promotion Capital Goods (EPCG) Scheme
    • Technology Up gradation Fund Scheme
    • Scheme for Integrated Textile Parks
    • Cotton Order ,1986
  • Industrial and Labour Laws Applicable to Company
    • On the basis of No. of Employees
    • Employees’ Provident Funds & Miscellaneous Provisions Act, 1952
    • Factories Act, 1948
    • Payment of Gratuity Act, 1972
    • Industrial Dispute Act, 1947
    • Employees State Insurance Act, 1948
    • Payment of Wages Act, 1936
    • Minimum Wages Act, 1948 & Minimum Wages (Central) Rules, 1950
  • Activity Based Laws Applicable to Company
    • On the basis of Activities
    • Foreign Trade Policy
    • Foreign Exchange Management Act, 1999
    • Customs Act
  • Area Based Laws Applicable to Company
    • On the basis of location
    • Punjab Labour Welfare Fund Act, 1965
    • Punjab Shops and Commercial Establishments Act, 1958
  • Simplification: The Next Move Developing Compliance Management Tools
  •  
  •  
  •  
  •  
  • Unsystematic Compliance System… the aftermath
  • 80% 20% Traditional Role Strategic Role Filing forms & Applications Registers & Returns Checklists Good Compliance Risk Mitigation Corporate Governance
  • Let IT works for you………….
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  • 20% 80% Traditional Role Strategic Role Filing forms & Applications Registers & Returns Checklists Good Compliance Risk Mitigation Corporate Governance
  •  
    • Easy Compliance
    • Impossible Non- Compliance
  • Company Secretary are like back bone of any Compliance Management System to any organisation and with its Proactive Approach & Intelligence make an organisation front runner in its field…
  • MAKING YOUR COMPANY DIFFERENT & LEADING TOWARDS EXCELLENCE
  • HAPPY COMPANY XCELLENCE HAPPY MANAGEMENT HAPPY INVESTORS HAPPY SUPPLIERS HAPPY REGULATORS HAPPY CUSTOMERS
  • The Conclusion is ………. Make Your Company GOOD GOVERNED COMPANY
  •