I gave a lecture at ICSI on GOVERNANCE - Initiative and Accountability. I believe that Corporates are expected to use their Capacity, Knowledge and Resources towards Maximization of stakeholders' value and well-being and progress of humankind. There are four parts of this presentation- 1. Strengthening Board Framework 2. Stakeholder Interest Protection 3. Transparency and Disclosure 4. Impact of Change

1. “NOWHERE”
“Governance
Initiatives
&
Accountability”
12/28/2013

2. Satyam Vada Dharmam Chara
- Taittariya Upanishad
12/28/2013

3. “Forever speak the truth and follow the dharma”
12/28/2013

4. Truth : Disclosure of Actual State of Affairs
(Transparency in operations and transactions)
12/28/2013

5. Dharma: “ Dharma is for the stability of
society, the maintenance of social order
and the general well being and progress of
humankind.”
-Karan Parva of the Mahabharata. Verse -58 in Chapter 69
12/28/2013

6. Corporates are also expected to use their
Capacity, Knowledge and Resources
TOWARDS
Dharma
Maximization of stakeholders’ value and well-being and
progress of humankind
THROUGH
Truth
Transparency, accountability and truthful disclosure of state of
affairs
12/28/2013

7. Outline
Part - A
Strengthening Broad Framework
Part - B
Stakeholder Interest Protection
Part - C
Transparency and Disclosure
Part - D
Impact of Change
12/28/2013

8. Novelties
Corporate Social
Responsibility
Auditing
standards
Secretarial
Audit
Related party
Fraud
Special courts
&
Conciliation
panel
Securities
Code for ID’s
KMP
Listed Company
Secretarial
Standards
12/28/2013

9. Part - A
Strengthening Board Framework
12/28/2013

10. Board of Directors and its Meeting
12/28/2013

11. Audit and Auditors Sec 141
Board Composition
Audit and Auditors - Sec 143
Woman
Director
Resident
Director
12/28/2013
Independent
Director (ID)
Small
Shareholder
Director

12. Audit and Auditors Sec 141
Bird’s eye view to Provisions
Audit and Auditors - Sec 143
Candidate failed to be appointed
as director by member shall not be
appointed as Additional Director
Alternate Director shall be appointed
only if the original director is out
of India for not less than 3 months
Concept of Independent director
introduced for the first time in
Companies Act, 2013
Resigning Director shall be liable
for the acts done by him during
his tenure
Nomination of Director by member
has been made Costlier
Rubber Stamp Directors: Absence
in meeting for a consecutive
Period of 12 months shall made his
Office vacant.
12/28/2013

13. Directorship of directors –Section 165
Director in maximum 20 companies including Alternate Directorship
Public Companies or Subsidiaries
of Public Companies
Maximum 10
No. of Directorships can be reduced by passing special resolution by members
12/28/2013

14. Meeting of Board –Section 173
 Notice to be sent to all the directors,
through electronic means or others
 Board
of
Directors
may
participate
through video conferencing
 Presence of at least 1 ID required in the
meeting called at shorter notice.
 Else decision to be circulated to all the
directors and to be valid only after
ratification by at least one ID
12/28/2013

15. Meeting through Video Conferencing
 Participation in meeting through video
conferencing allowed
 Confirmation of accuracy of draft minutes
by every directors who attended meeting
within 7 days of receipt of draft minutes
Matters not to be dealt in meeting through
video conferencing
 To approve the annual financial
statements; and
 To approve the board’s report
12/28/2013

16. Quorum for Board Meeting –Section 174
 Insufficient quorum shall now be not
allowed
as
compliance
a
with
Board meeting
12/28/2013
defense
for
frequency
non
of

17. Quorum for Board Meeting in case of Interested Director
 Board
Meeting
where
“Interested
Director” ≥ 2/3 of the total strength of
the Board of Directors
Quorum = non interested Directors
present at the meeting, being not less
than 2
12/28/2013

18. New and Mandatory Committees
12/28/2013

19. Audit Committee –Section 177
 In Every Listed Company
 Public Company
 Paid up capital of INR 100 Crores or
more or;
 Deposits
/
Loans /
Debentures
exceeding INR 200 Crores or more
 Composition:-
Min
3
directors
with
majority of ID
 Provision
of
establishment
of
vigil
mechanism
1 year transition period for constitution /
reconstitution of Audit committee
12/28/2013

20. Nomination and Remuneration
Committee –Section 178
 In Every Listed Company
 Public Company
 Paid up capital of INR 100 Crores
or more or;
 Deposits / Loans / Debentures
exceeding INR 200 Crores or more
 Composition:- Min 3 Non executive
directors. ≥ ½ comprising IDs.
 Mandate of the Committee:• Identification of qualified Directors
and senior management personnel
•
•
12/28/2013
Performance evaluation of directors
Recommend to the Board policy for
remuneration of Directors, KMPs
and other employees

21. Stakeholders Relationship Committee –Section 178
 In Every Company having more that
1,000 debenture / deposit / security
holders.
 Composition:- to be decided by BoD.
Chairperson to be an NED.
 Mandate of the Committee:• Consider and resolve the grievances
of Securities holders.
12/28/2013

22. Appointment and Qualification of Directors
12/28/2013

23. Audit and Auditors Sec 141
Independent Director Sec 149 & 150
Audit and Auditors - Sec 143
Applicability
• Every Listed Company to
have at least 1/3 of board
consisting of independent
directors
• Prescribed
classes
of
unlisted Companies also to
have independent directors
on its board
Term
• Can be Appointed for a term
of 5 years in 1st Instance
• Can be re-Appointed for
another term of 5 years
• Cooling off period of 3 years
for after 2 consecutive terms
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Criteria
• Criteria for independence
similar to existing clause 49
of LA
• Nominee
director
not
considered as independent
• Independent
director
to
furnish
declaration
of
independence
on
yearly
basis
Others
• No Stock Option
• Separate meeting of ID
• Appointment to be approved at
a
general
meeting
with
explanatory statement justifying
appointment
• Liability only in respect of
omission & commission with
the knowledge of ID
For the first
time code of
conduct
prescribed for
Independent
Directors
(Schedule IV)

24. Enhanced Duties, Responsibilities
12/28/2013

25. Duties of Director –Section 166
To act in accordance with the company’s Articles
To act in good faith in order to promote the objects of the company
Exercise his duties with due and reasonable care, skill and
diligence.
Not to have a direct or indirect interest that conflicts, or possibly
may conflict, with the interest of the company.
Director shall not achieve or attempt to achieve any undue gain or
advantage either to himself or to his relatives, partners, or
associates.
Shall not assign his office and any assignment so made shall be
void
12/28/2013

26. Powers of Board
12/28/2013

27. Matters to be considered only at meeting of the Board
 Following powers shall be exercised by
the Board only at their meeting:•
Issue
of
Securities
–
Equity,
Preference, Debentures
•
Give guarantee or provide security in
respect of loans
•
Approve financial statements and
Director’s report
•
•
To fill a casual vacancy in the board
•
To commence a new business
•
12/28/2013
To make political contribution
To appoint internal auditor

28. Restrictions on powers of Board
12/28/2013

29. Restrictions on powers of Board –Section 180 (Notified)
 Restriction
for
sale
of
undertaking
applicable to all classes of companies
 Term “Undertaking” and “Substantial
Undertaking” has now been defined
 Borrowing in excess of the paid –up
capital & free reserves
A special resolution is required to
be
passed
resolution
12/28/2013
instead
of
Ordinary

30. Restrictions on Non-Cash Transactions
- Section 192 (Notified)
 Director of a company or of its holding/
subsidiary/Associate company or any
connected
person
can
not
acquire
assets for consideration other than cash
from the company & vice versa.
 Approval
at
a
general
meeting
is
required
 If the Director or connected person is
director
of
holding
company
then
approval of holding company in general
meeting is also required
 Valuation of the assets by registered
valuer
12/28/2013

31. Prohibition on Forward Dealing / Insider Trading
- Section 194 (Notified)
 Forward dealing in the shares and
debentures of a company, its holding,
subsidiary or associate by Directors
and KMPs is prohibited
 Banned contracts include both forward
contracts and option contracts
 Securities acquired in violation to be
surrendered to company
 Restriction on Directors, KMP and any
order person for indulging in Insider
trading
 Communication required in ordinary
course
of
exempted
12/28/2013
business
or
under
law

32. Appointment and Removal of
Managerial Personnel
12/28/2013

33. Definitions
Key Managerial Personnel -2(51) (Notified)
CEO
OR
Managing Director
OR
Whole time Director
+
Company Secretary
+
CFO
12/28/2013
OR
Manager

34. Appointment of MD/WTD/Manager
- Section 196 & 203
• Now applicable to Private Company also
• Minimum age 21 years (25 years) and maximum
70 years
• Notice of BM/GM – T&C of appointment,
remuneration and other matters to be included
• Consent for appointment to be filed by directors
of private company to the ROC
12/28/2013

35. Appointment of KMP
•
KMP not to hold office in > 1 Company
except in Subsidiary Company at the
same time

KMP
can
be
director
with
permission of BOD
•
KMP vacancy to be filled up by BOD
within 6 months at BM
•
To
appoint
or
remove
managerial personnel
12/28/2013
any
key

36. Vacation of office of directors –Section 167
 When Director fails to attend all Board
Meetings for consecutive period of 12 months.
This even when the leave of absence has been
granted
 When Director is disqualified by an order of
court or Tribunal under any Act not only the
Companies Act.
 When all directors have vacated the office:

the promoter shall appoint minimum
number of members

Central
Directors
Government
till
may
appoint
company
makes
appointment in General Meeting
12/28/2013

37. Part - B
Stakeholder Interest Protection
12/28/2013

38. Prospectus & Allotment of Securities
12/28/2013

39. Public Issues
Liability for Mis-statements
Liability
Mis-statement
Civil - Sec 34
Untrue
Statement
Misleading
Statement
Compensate
those who have
suffered loss or
damage
Civil Liability for
Mis-statements
12/28/2013
Criminal -Sec 35
Min 6
mths
Max 10
Yrs
Min Amt
Involved
Max 3x Amt
Involved
Withdrawal of consent after issue but before allotment now not a
defense
In case of a fraud every person involved personally liable without
limitation of liability

40. Public Issues
Impersonation – Sec 38 (Notified)
Impersonation
Fictitious Name
Multiple Applications
Different Names
Different Combination
Consequences:•
For the first time, provisions introduced for disgorgement of gains made by
convicted
•
Amount received from disgorgement of gains to be credited to IEPF
12/28/2013

41. Public Issues
Fraudulent Inducement for Investing money -Sec 36 (N)
• Scope of section extended to obtaining credit facilities
from banks or financial institutions
• The offence made non compoundable
• Stringent punishment prescribed under section 447
Allotment of Securities – Sec 39 (Partially Notified)
• Return of allotment to be filed for issue of any kind of security
• Power given to SEBI to modify the minimum amount to be paid
on application which shall not be less that 5% of the nominal
amount
• Minimum subscription to be received in 30 days as against
earlier 120 days. Power to SEBI to modify the same
12/28/2013

42. Public Issues
Variation in terms of Contracts or Objects – Sec 27
Its easy pass a
ordinary resolution in
general meeting
I want to change the terms of
contracts referred to in prospectus
or objects of the Issue ?
Its no
longer easy
Revised Process
Approval of
members by
Special Resolution
12/28/2013
Notice of GM to be
published in
newspapers giving
justification for
variation
Dissenting
Shareholders to be
given an exit offer
by promoters/
controlling
shareholders
Amount raised in
IPO cannot be used
for buying, trading
or dealing in equity
shares of another
listed Company

43. Acceptance of deposits
12/28/2013

44. Public Deposits – Tougher…
Section 73
Accepting Deposits
Repayment
• All companies can accept deposits only
from members (Directors & their relatives
excluded)
•
All
the
outstanding
deposits
on
commencement of the Act have to be repaid
within 1 year from date of maturity or 1 year
from commencement if already matured
• Prior approval of members required for
Conditions
accepting deposits
• Deposit to be invited by issue of circular to
• Only prescribed classes of companies having
members
• Where deposits are unsecured it has to be
specifically
quoted
in
every
document
inviting deposit
net worth of INR100 crore or turnover of INR
500 crore are allowed to raise deposits from
public
• Credit rating of deposits compulsory
Accepting deposit from public no longer
easy. Strict requirements to ensure
protection of depositor’s interests
12/28/2013
• Compulsory creation of charge on the assets
of the company within 30 days of acceptance,
if deposits are secured

45. Management & Administration
12/28/2013

46. Quorum of General Meeting – Sec 103 (Notified)
Quorum (Members to
be personally present)
in pub co
No. of members on the
day of meeting
5
≤ 1000
15
> 1000
≤ 5000
30
> 5000
3 days notice (either individually or in
newspaper), in case of adjournment of
GM due to lack of quorum or change in
day, time or place of adjourned meeting
 Single person not to be proxy for more than 50 members
 Proxy cannot vote by show of hands
 Member of Private Limited company cannot appoint more than 1 proxy
to attend on same occasion
12/28/2013

47. Unpaid Dividend & Shares - IEPF
12/28/2013

48. Unpaid Dividends - Sec 124
 Information relating to unclaimed dividends to be uploaded on the website of the company
and CG within 90 days of transfer to unpaid dividend account
 Along with the unclaimed amounts, the shares in respect to which they relate are to
transferred to IEPF
 The claimants can now apply to IEPF for claiming unpaid amounts/share due/belonging to
them

Shares transferred to IEPF shall not have voting rights- Draft Rules
12/28/2013

49. Introduction to CSR
12/28/2013

50. CSR – Sec 135


Turnover ≥ 1000 Crs or


Networth ≥ 500 Crs or
Net Profits ≥ 5 Crs
CSR spend of at least 2% of avg. net
profits made during 3 immediately
preceding FYs
COMPLY
OR
EXPLAIN
12/28/2013

Committee shall formulate and
recommend CSR policy and
amount of expenditure as well
as monitor CSR activities (CSR
policy on web)
Preference to local areas in
which the company operates

To promote welfare Initiatives
CSR
Committee
to
be
constituted (3+ Dir incl. at least
1 ID)



Areas specified in Schedule VII

51. CSR – Promoting Welfare Initiatives
• Applicable to all types of companies including private
companies
• Net profits before tax to be considered
• Applicable from F/Y 14-15
• Income tax Act does not provide any deduction so far
• Surplus Income generated out of CSR activities not
part of business profits of company
• No penalty for noncompliance of the provision
12/28/2013

52. CSR – Promoting Welfare Initiatives
•
CSR Activities to be undertaken as projects or
programmes
•
Excluding activities undertaken in pursuance of the
normal course of business of a company
•
In the area nearby the operations of the company
•
May implement the same through trust/society set up by
company or otherwise having track record of three years
•
Activities to be undertaken within India
•
Activities not exclusively for the benefit of employees or
their family members
•
Nature of projects/programmes to be covered for
eradicating extreme hunger and Poverty, for promotion
of education…..etc as given in schedule VII
12/28/2013

53. Prevention of Oppression and Mismanagement
12/28/2013

54. Class Action Suit –Section 245
Who Can File
•
100 Members or 10% of the total number of members or depositors
(whichever is less)
Where to File
•
NCLT
Why to File
•
To protect the interest of minority shareholders
Against Whom
•
Company or its Auditors, Experts, Advisors or Consultants
12/28/2013

55. Part - C
Transparency and Disclosures
12/28/2013

56. Transparency and Disclosures
12/28/2013

57. Annual Return – Section 92
Additional information required to be provided in Annual Return
Principal business
activity with
particulars of holding,
subsidiary and
associate company
Info up to FY
closure only
Details about other
securities issued by
company
Details of Foreign
Institutional Investors
if shares held by them
or on their behalf
Remuneration of
Directors and KMP
Details of
Promoters/KMP along
with changes since
closure of last FY
12/28/2013
Details of meetings of
members/class
thereof/BOD/various
committee along with
attendance details
Details related to
certification of
compliance,
disclosures, etc
Such other matters as
may be prescribed
Details of
penalties/punishment
on Co/ directors/
officers/
compounding of
offence/ appeals

58. Return to be filed with Registrar in case
Promoter’s stake changes – Sec 93
Listed company to file Return in prescribed form with RoC within 15 days in case of change
in number of shares held by the Promoters or top 10 shareholders
12/28/2013

59. General Meeting – Sec 100 (Notified)
 OPC not required to hold AGM
 First AGM to be held within 9 months from
closure of first FY
 AGM to be held on between business
hours i.e. 9 AM to 6 PM
 Notice of GM may be sent through electronic mode
 To be sent to all Directors
 21 clear days notice to be given
 In case of AGM Shorter notice can be given by
consent of 95% of members who are entitled to
vote (like for EGM)
 Secretarial Standards mandated
 Report of AGM, prepared in prescribed manner,
to be filed with RoC
12/28/2013

60. Statement to be annexed with Notice – Sec 102 (Notified)
Explanatory Statement in case of
special business to specify
Liability in case of non-disclosure or
insufficient disclosure in
Explanatory Statement
Nondisclosure
/insufficient
disclosure
Nature of
interest/
concern
Financial
Interest
Director
and
Manager
Other
Interest
KMP
Relatives
Explanatory statement to specify shareholding % of
Promoters/directors/manager/KMP whose shareholding is not
less than 2% of paid up capital, incase the special business
transacted is to affect other Company
12/28/2013
Benefit
Promoter
Profit
Director
and
Manager
KMP
Liable to compensate to Company to
the extent of such profit/benefit
Default in sending or providing disclosure in explanatory
statement shall attract fine extending up to Rs. 50000 or 5
times of profit or benefit, whichever is more

61. Accounts of Company
12/28/2013

62. Consolidation of Accounts – Sec 129

Mandatory consolidation of accounts in case of subsidiary, Associate and
Joint Venture
 Every company to place separate audited accounts for each subsidiary on its
website, if any
Subsidiary to include associates and joint ventures
12/28/2013

63. Audit and Auditors
12/28/2013

64. Definitions
Financial Statement – Section 2(40) (Notified)
Includes
Balance Sheet
12/28/2013
Profit & Loss
Account
Cashflow
Statement
Statement of
changes in Equity
explanatory
notes

65. Definitions
Financial Year – Section 2(41)
Incorporated before 1st Jan
Yes
31st March of Current Year
•
•
No
31st March of next Year
Transition period of 2 years for existing Cos
Cos having foreign holding or subsidiary cos can follow different year with prior approval of
tribunal
12/28/2013

66. Audit and Auditors
Appointment of Auditor – Sec 139
 Every Company to appoint auditor for a term of
5 years provided the same shall be ratified by
members at every AGM
 Listed company shall not appoint or re-appoint
individual or firm as a auditor for more than 5 or
10 consecutive years respectively
 Rotation of audit partner & team at such
intervals as may be prescribed
 Cooling period for re-appointment as auditor is
5 years
 Transition period of 3 years provided from
commencement of the Act
 Special resolution required for appointing
auditor other than the retiring auditor or not reappointing auditor
 Company to intimate RoC and Auditor within 15
days of the appointment
12/28/2013
Rotation of auditors including audit firms
is being considered for introduction in
EU, US, UK and Malaysia.

67. Restrictions for the Auditors – Section 144
Restriction for the auditors to undertake following specialized services by himself or his
subsidiary or associate company or any other form of entity
Accounting
and book
keeping
services
Internal Audit
Investment
advisory
services
Actuarial
services
Rendering of
outsourced
financial
services
Design and
implementation
of any financial
information
system
Investment
banking
services
Whether following services may be undertaken ?
o Tax consultancy and representation
o Project
12/28/2013 financing assignment
o Restructuring assignment
Management
services

68. Mandatory Internal Audit – Section 138
Every Listed
Company
Every public company
having paid-share capital
of Rs. 10 crores or more
Any other public company
having borrowings from
banks/financial institutions/
deposits of Rs. 25 crores
or more
12/28/2013

69. Inter Group Financing
12/28/2013

70. Loan to Directors & persons in whom
director is interested – Section 185 (Notified)
 No Company can give loan/ security/
guarantee in favour of
• Directors
• Any person in whom director is
interested
 Now also applicable to private
Companies
 There is no facility of seeking
approval of Central Government
12/28/2013

71. Related Party Transactions
12/28/2013

72. Definitions
Related Party – Section 2 (76) (Notified)
Company
Director or
his Relative
KMP or his
Relative
Holding
Company
Subsidiary &
Associate
Fellow
Subsidiaries
Director, manager or
his Relative
Partnership
Firm in
which
partner
Private
Company in
which
member or
director
Public
Company in
which
member or
director
Body
Corporate
Advised
Directed or
instructed
Related Parties under various legislations
12/28/2013
Person who
Advises
Directs or
instructs

73. Related Party Transactions – Section 188

Prior approval of CG for any RPT or appointment to
any office or place or profit NOT required

Transaction related to any kind of property are also
covered

Exemption granted to transactions in ordinary
course of business made at arm’s length price
 Member who is a related party shall not vote on the
resolution
12/28/2013

74. Related Party Transactions
 Transactions to be Approval by Special Resolution :
 RPTs for companies having paid up capital of
1crore rupees; or
 If Transaction exceeds 5% of annual turnover or
20% of net worth of company which ever is
higher; or
 Transaction relates to appointment to any office
or place of profit at a monthly remuneration
exceeding 1 lakh rupees; or
 Remuneration of underwriting of subscription
exceeding 10 lakh rupees.
12/28/2013

75. Disclosures of related party transaction
 Disclosure in explanatory statement to be annexed
to the notice
 name of the related party ;
 name of the director or key managerial
personnel who is related, if any;
 nature of relationship;
 nature, material terms, monetary value and
particulars of the contract or arrangement;
 any other information relevant or important
for the members to take a decision on the
proposed resolution.
 Every RPT shall be reported in the Board’s Report
along with justification for entering into the same
12/28/2013

76. Secretarial Audit
12/28/2013

77. Secretarial Audit – Sec 204
Secretarial Audit
Listed Company
•
•
•
•
&
Public Co. having paid-up
capital of Rs. 100 Crore or
more
Audit to be conducted by a Practising Company
Secretary
Audit of secretarial and related records
Secretarial Audit Report to form a part of Board
Report
BOD to explain in full any qualification or
observation or other remarks made in the report
Same Powers & Duties as of Statutory Auditor
12/28/2013

78. Fraud and Penal Provisions
12/28/2013

79. Fraud – Section 447 (Notified)
Fraud
Act
Omission
Concealment of fact
Abuse of position
With intent to
Deceive
Gain undue advantage from
Injure
Interests of
Company
Shareholders
Creditors
Whether or not there is
Wrongful gain
12/28/2013
Wrongful loss
Any other person

80. Fraud
“wrongful gain” means the gain by unlawful means of property to which the person gaining is
not legally entitled
“wrongful loss” means the loss by unlawful means of property to which the person losing is
legally entitled.
All offenses covered u/s 447 cognizable and non bailable unless excepted
Punishment
Min 6 mths
Max 10 Yrs
12/28/2013
Min Amt Involved
Max
3x
Amt
Involved

81. Investigation into the affairs of the Company
by SFIO – Section 212
Powers
Receipt of Report
from Registrar/
Inspector u/s 208
Special
Resolution for
investigating the
affairs of the
company
Public Interest
Request from
any department
of Central Govt
or State Govt
 Search and Seizure
 Power to Arrest
may order
Central
Govt
Serious Fraud
Investigation
Office
may direct SFIO
to initiate
prosecution
against the
company &
officer
Investigation
officer will
investigate the
affairs of the
company
Investigation Report
• SFIO commands authority over other Investigation Agencies of CG/State Govt
• SIFO to provide copy of Investigation Report to other agencies who were carrying out
investigation
12/28/2013

82. Acts punishable as Frauds
Particulars
Section
Furnishing any false or incorrect particulars of any information or suppression any
material information in relation to incorporation
7(5),(6)
Fraudulent conduct of affairs of a charitable company
8(11)
Untrue or misleading statement in prospectus
34 (N)
Fraudulently inducing persons to invest money
36 (N)
Personation for acquisition, etc., of securities
38(1) (N)
Issue of duplicate certificate of shares with an intent to defraud
46(5)
Transfer of shares by depository or depository participant, with an intention to defraud
56(7)
Furnishing False statement, mutilation, destruction of documents statement during
inspection, inquiry or investigation
229
Fraudulent application for removal of name
251(1)
Fraudulent conduct of business of Company being wound up
339(3)
False statement or omission in any return, report, certificate, financial statement,
prospectus, statement or other document required by, or for, the purposes of this Act
448 (N)
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83. Part - D
Impact of Change
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84. Impact of Change
Quality of
functioning
company will increase
of
the
Beginning of new era of Board
Governance
Enhanced
responsibility
w.r.t.
disclosures and transparency
Increase in trust of investors and
stakeholders
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85. What we can do
 Saam:
Diplomacy of Corporation and Mutual Respect
 Daam:
Stay on budget
 Spasht Kaam:
Transparency / Ethics in work, operations and process
 Satarkata:
Vigilance
 Vigyaan:
Using the Technology to serve Clients
 Paband:
Time Commitment
These are not the weapons, but the intention of its handler
that counts
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86. Governing as per Indian eSource
CORPORATES SHOULD ACT LIKE HONEYBEE WHICH SUCK
THE NECTAR OF THE FLOWERS WITHOUT AFFECTING ITS
FRAGRANCE AND PRODUCE HONEY FOR THE
BEING OF SOCIETY .
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WELL –

87. Our Technological Move
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88. Thank You
Pavan Kumar Vijay
Corporate Professionals Group
D-28, South Extension –I, New Delhi-110 049
Ph: +91.11.40622200; Fax: +91.11.40622201; E: pkvijay@indiacp.com
12/28/2013