5. “In this fast changing world…
opportunities are unlimited …,
and future belongs to those …
who grasp these opportunities before they become a
necessity.”
7. New Age Economy
Globalization
Common Law
Single window
Interface
e- Governance
Simplified Law
8. Globalization
What is Globalization
Interaction Integration
People Business Companies Laws
Thus, it is a process driven by international trade and investment
and aided by information technology
11. Globalized Scenario
Corporate Governance
Common Regulatory Framework
Global Outsourcing of services
Global work culture
Quality of Competition
12. Globalization Challenges
Quality of Service
Time Commitment
International Operational Infrastructure
High degree of competition among professionals
Adherence to International standards
13. e- Governance
What is e-governance?
Use of Information Technology
For Simplification Uniformity & For increasing
Service Delivery
of Laws Transparency Efficiency
14. Impact of e- Governance
Simplified Laws IT Driven Services
15. Simplified IT Driven Shift of
Laws Services Focus
Strategical
Planning
Procedural
Compliances
16. e-governance & IT Scenario
Seamless Integration of International Markets and all Market
Participant enabling trading
From anywhere – Small village to big cities
At anytime – Early morning to midnight.
In any manner – Internet, Mobile, PDA, etc
24 X 7 Online Services
Real-time Due Diligence, Rating and Compliances
Global Data Banks
17. Impact of e-governance
IT Driven regulatory procedures
Minimization of procedural steps
IT Driven compliance services
Global services
Minimization of Non-compliances
Strategic Role of all professionals
19. Single Window interface call for Synergy of
Brand
Knowledge
Capital
Infrastructure
Collaboration is the buzz word …
20. Corporate
Laws
Brand Economic
Growing
Synergy Taxation Laws Quality
of Revenues
Laws Service
Knowledge
Single
Synergy WTO & IPR
Window
Interface Growing
International
Infrastructure Trade Law Customers
Synergy Global
IT & BPO Presence
Capital Management
Synergy Consulting
Growing
Finance and
Accounting Nations
Commerce CS + CA +
CWA + MBA
+ LLB
Collaborative Commerce
22. Advantages Collaborative Commerce
Enhanced Capability to compete with Global giants
Global Reach
Brand leverage
Wider Area of Expertise
Risk Minimization
Active Networking and Public Relations
Attraction of best talent
23. In the emerging scenario of ..
Globalization,
Common Law,
e-governance,
Simplification of Laws &
Single Window interface …
“Opportunities are unlimited …”
24. “And
Success will come only when
preparation meets opportunity…”
25. New Age Economy
Globalization of business
Many opportunities but severely competitive
New skills / competencies involved
Technology impact on business
Reshapes value chains
Consolidation of services
Business process integrity
Legal & Regulatory Environment
Change in Existing Laws
Enactment of new Laws
Corporate Environment
Forms of Business
Concepts of Business
30. “I can do it … I can’t do it
Both are right”
- Henry Ford
31. Its all a matter of Attitude
Attitude is a small thing that can make
Big Difference
32. Do you Know??
Only 10 % of Only 10 % of
the Iceberg is your
seen above positivity is
the surface seen above
the surface
90% of an
90% of an
iceberg is
positivity is
below sea
below the
level
surface…
How much do you see of an iceberg?
39. Who is a PROFESSIONAL?
Business/ Products of Organisation
Integrity
Professionalism Legal Constitution
Multidisciplinary Knowledge
Independence
Applicable Laws
Innovation
Excellence Organisation Structures
Specialty of Organisation/Industry
Business Scenario Domestic/ Int’l
Privileges and Exemptions
44. Law + Management
Corporate Corporate
Planning Communication
Legal Human
Resources
Knowledge of …
Finance and Marketing
Accounts
Production Information
And operations Technology
45. Lets have a look at Course Curriculum …
Corporate Laws Financial, Treasury &
Forex Management
Commercial Laws
Strategic
Taxation Laws Management,
Alliances &
Accounting Laws
CS International Trade
Securities Laws Professional Governance, Business
Ethics & Sustainability
Corporate Restructuring &
Insolvency Laws Due Diligence &
Corporate
Economic & Labour Laws Compliance
management
Law + Management
46.
47. Corporate Compliance Management
Corporate Compliance Management
is nothing but the
Opportunity
Lying in
„Compliance of All applicable laws‟
48. Present Status of Compliance Services
High • Company Law
• Listing Agreement & Securities
Medium
Laws
Low • All other Laws
49. Applicability of Laws
General application of laws
Sectoral applications
Industry / Segment applications
Geographical applications
Number of Employees
Transaction applications
50. Corporate Governance
“CORPORATE GOVERNANCE
is creation of a culture of
consciousness, transparency and openness.
It refers to combination of laws, rules, regulations, procedures and
voluntary practices to enable the companies to maximize the long-term
shareholders value, customer satisfaction and wealth.”
51. Significance of CG
Entry of Best Transparency in
Talent & Skill operations
Creation of Brand Consciousness to
Image adopt best
practices
GLOBAL
Higher Valuation GROWTH
Widened
International opportunities of
Tie-ups services
Easier Access to Confidence of
capital (FII, VCF, domestic &
Foreign Markets) international investors
53. Business Set-Up
Incorporation – India & International
New forms of Business Entities
Explore Tax Heavens
International Tax Planning
International Listing
54. LLP – Limited Liability Partnership
LLP provides corporate organization to compete internationally on
level playing field.
Best suitable for knowledge based enterprises and other small and
medium enterprises.
Provides enhanced risk taking capability
Provides enhanced reach.
55. CCI – Competition Commission of India
Advisory in M&A transactions, JV Agreement.
Representation before Competition Commission of India on behalf of
Complainant,
Defendant
57. SEZ
Establish New parks in Tier II & III cities
Leverage Government resources to create the necessary infrastructure
Attract new industries.
- Duty-free imports of capital goods and inputs for production for Export
- Liberal access to foreign exchange
- Encouragement to FDI
- Simplified, “one-stop” approvals
- Generous tax concessions esp. in early years
- Flexible Labour Laws
- Limitations on sales within the country
- Better Infrastructure (Power, Transport & Communications)
58. Carbon Credit
Carbon credits accrue from range of sectors…
Renewable
energy
Waste to Energy
projects Small hydro
India Combined cycle
Energy efficiency natural gas
Fuel switch in Municipal solid
transportation wastes
Clean coal
technologies
59. Derivatives
Types of derivatives.
Futures
Forwards
Options
Swap
60. Forex Future
Trading on the basis of fluctuations in foreign Exchange Prices
24-hour forex trading
Superior liquidity
100:1 Leverage in forex trading
Lower transaction costs
Equal profit potential in both rising and falling markets
61. Another unrealized fact …
In the New Age Economy,
all opportunities will be leveraged only
through
Information Technology
62. Technology initiatives ….
The challenge - Requires unique blend of Legal and Technological
aptitude
One time investment adds significant value
Increased efficiencies possible
“Shared services concept”
Centralised infrastructure with decentralised operations possible
63. Go IT …
“Adopt technology to defeat technology”
is the latest survival mantra ….
64. Go IT …
Reduce time consumption in repetitive tasks.
Devote more time on Strategic analysis, value additions and
planning.
Use on-line regulatory services.
Make use of exhaustive databases, checklists, research papers
available online.
Manage multiple tasks through IT.
Use IT for public relations and branding.
65. Example
Its not just words, It is now reality …
68. Present Focus of Services
20%
Strategy
Management
Research
80%
Filing forms & Applications
Registers & Returns
Checklists
69. Focus of services in emerging Scenario
80%
Strategy
Management
Research
20%
Filing forms & Applications
Registers & Returns
Checklists
70. Shifted Perception about CS
• Filling and Filing of • Compliances of • Business Planning
Forms Company and • Management
• Drafting of Securities Laws • Research
Notices, Minutes • Follow-up and Co- • Innovation
• Preparation of ordination with
Checklists Regulatory
Authorities
Compliance Strategic
Secretary
officer Planner
71. Need of the Hour …
Skill Development
Career Progression
75. There once was a bunch of tiny frogs,...
... who arranged a running competition.
The goal was to reach the top of a very high tower.
76. A big crowd had gathered
around the tower to see
the race and cheer on the contestants...
The race began...
77. Honestly:
No one in crowd really believed that the
tiny frogs would reach the top of the tower.
You heard statements such as:
"Oh, WAY too difficult!!
They will NEVER make it to the top."
or:
"Not a chance that they will succeed.
The tower is too high!"
83. At the end everyone else had
given up climbing the tower.
Except for the one tiny frog who after a big effort
was the only one who reached the top!
THEN all of the other tiny frogs naturally
wanted to know how this one frog managed to do it?
84. Contestant asked the tiny frog how the one
who succeeded had found the
strength to reach the goal?
It turned out...
86. It turned out...
That the winner was DEAF!!!!
The wisdom of this story is:
Never listen to other people's tendencies to be
negative or pessimistic...
...cause they take your most wonderful dreams and
wishes away from you....
The ones you have in your heart!
87. Always think of the power words have.
Because everything you hear and read
will affect your actions!
Therefore: ALWAYS be...
POSITIVE!
88. And above all:
Be DEAF when people tell YOU that
YOU can not fulfil YOUR dreams!
Always think:
I CAN DO THIS!
89. Problems can either Make You or Break You
The hammer that can break glass can shape steel
Its up to you to be Glass or Steel
Have the willpower of Steel and the vision of Glass
90. Last Fact …
In this New Age Economy
It is not the Strongest and the most Intelligent person
survive,
But the one who is responsive to “Changes” will
survive.
