Innovation Explained….. “ Innovation is successful implementation of creative ideas”. “ You have all the reason in the world to achieve your grandest dreams. Imagination plus innovation equals realization”.
Two major inventions that has changed the world ….
One Wheel... Invention of the Wheel by Mesopotamian's in c3500 BC …. Helped man in covering measurable distances …
And another -Internet.. Invention of Internet in the year 1989 by Timothy Berners-Lee. Helping virtual man in covering immeasurable distances …
Three major revolutions that has changed the world ….
Still, a link is missing….. Technological Innovation is missing in Legal System
Today innovation is linked with Technology + Creativity
Do you think innovation is not possible in legal system?? Innovation is possible in anything as long as its about new ways of creating Value . Be it for…………… Clients Shareholders / Investors Society Employees
Now, technology filing the gap.. Technology brings in….. [email_address] Increasing efficiency Uniformity in Operations Creating Value
Impact of technological innovations in legal system Compliances are simplified Non-compliance is impossible …
Impact of technological innovations in legal system Bye-Bye… Corruption Through Transparency + Commonality
Impact of technological innovations in legal system <ul><li>Work from home </li></ul><ul><li>24X7 accessibility </li></ul><ul><li>Easy compliance filings system </li></ul><ul><li>Uniformity of Operations </li></ul><ul><li>High Volume in each activity </li></ul>
Impact of technological innovations in legal system Any Thing Any Time Any Place
What lies in future??? www.297.com www.314.com www.77A.com www.372A.com www.incorp.in www.ipo.com www.takeovercode.com www.insidertrading.com www.brokers.com Corporate Portals Securities Portals www.ccmonline.in www.ddr.com
Future Scenario Simplified Law e- Governance Globalization Single window Interface Common Law
One big question… DO YOU THINK SURVIVAL IS POSSIBLE IN THIS ERA WITH THE PRESENT PERCEPTION ??
The next big question… WHETHER WE AS CS PROFESSIONALS ARE EMPLOYING THE USAGE OF TECHNOLOGY TO OPTIMUM LEVEL???
The answer is… NO , there is a long way to go ………………..
Current Profile of CS Professionals Forms Filing & Minutes CURRENT PROFILE 80% 20% TRADITIONAL ROLE STRATEGIC ROLE Compliances Procedures Strategic Planning Checklists Legal Advisory Corporate Planning Managerial
Demand of future from CS Professionals Managerial IT ENABLED CS 20% 20% STRATEGIC ROLE TRADITIONAL ROLE Compliances Procedures Strategic Planning Checklists Legal Advisory Corporate Planning Forms Filing & Minutes
But … <ul><li>How the demands of future will be met? </li></ul><ul><li>How should we prepare ourselves for the future scenario? </li></ul><ul><li>How to convert 20% into 80% </li></ul>
[email_address] Dated: Sep 21, 2008 To, The Manager Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI 400 023. Dear Sir, Subject: Intimation under Regulation 7(1) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 1997) Pursuant to Regulation 7(1), which necessitates the acquirer to submit the disclosure to the target Company as well as to the Stock exchanges on which the shares of the company are listed, find enclosed the applicable disclosure on acquisition of 8 shares aggregating the shareholding of acquirer to 18% of the voting capital of the Company. The above is for your information and record. Thanking You, Yours truly, For and on behalf of acquirer and PAC (Pavan Kumar Vijay) CC : (Address of Target Company)
[email_address] Name of the Target company ABC Ltd Name of the acquirer and PAC with the acquirer Pavan Kumar Vijay Details of the acquisition as follows Number of shares % with respect to total paid up capital of Target Company (a) Shares/Voting rights (VR) before acquisition under consideration 10 10 (b) Shares/voting rights acquired 8 8 (c) Shares/VR after acquisition 18 18 Mode of acquisition (e.g. open market/public issue/rights issue/preferential allotment/inter se transfer etc.). Market Acquisition Date of acquisition of shares/VR or date of receipt of intimation of allotment of shares, whichever is applicable 2008-09-19 Paid up capital/total voting capital of the target company before the said acquisition 1000 Equity Shares Paid up capital/total voting capital of the target company after the said acquisition 1000 Equity Shares
Best is yet to come … Desktop Technology Mobile Technology
Will technology take away our work? “ BREAKING THE MYTH” No, technology will not take away our work rather it is going to multiply our work .
Example Online Trading Dematerialization MCA filings Income Tax Returns
Whether professionals can grasp such changes?? L earn, U nlearn & R elearn “ THE SURVIVAL MANTRA”
Conclusion “ Things will never be the same…… so change the future before future changes you”