Partners inKnowledge,

GovernanceTransformation.

Indian Institute of Corporate Affairs

ANNUAL REPORT2015-16

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OVERVIEW

Vision and Mission

General Body of the Society

Board of Governors

SCHOOLS

Indian Corporate Law Services Academy

School of Competition Law and Market Regulation

School of Corporate Governance & Public Policy

School of Finance

School of Corporate Law

CENTRES

Centre for E-Governance

Centre for Responsible Corporate Governance

Centre for Micro Small & Medium Enterprise

Centre for Business Innovation

Centre for Institutional Partnerships & Corporate Communications

Knowledge Resource Centre

NATIONAL FOUNDATION FOR CORPORATE SOCIAL RESPONSIBILITY

IICA - Centre of Excellence for Sustainable Development

C orporate Social Responsibility Portal Vertical

C orporate Social Responsibility Implementation Agency Hub

Learning And Development

Financials

Content

Partners inKnowledge,

GovernanceTransformation.

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thA society was registered on 12 September 2008

with the primary objective of establishing, managing,

maintaining and running a world class institute,

to be called the Indian Institute of Corporate Affairs (IICA).

OVERVIEW

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VISIONTo function as a holistic, capacity building institution and think-tank for

corporate regulation and reform, through synergised knowledge creation

and management, global partnerships and real time solutions.

Mis

sion

Mis

sion

Developing capacity for undertaking holistic study and

harmonised treatment of various issues impacting

corporate regulation, governance and functioning in

the context of emerging international trends and

opportunities.

Enabling understanding of the changing national and

global business environment and catalysing appropriate

regulatory and service delivery responses.

Setting up a state-of-the-art Knowledge Management

System within IICA for continuous creation, collation

and dissemination of knowledge to internal and external

stakeholders on issues affecting the corporate sector.

Forging, fostering and catalysing partnerships between

various stakeholders for generating outcomes that

resolve emerging business concerns for efficient and

legally compliant functioning.

Ensuring synergy of knowledge and thought and

capacity building by setting up Schools in relevant

academic disciplines and Centres for interaction and

taking up projects etc. in appropriate formats, with

outsourcing where necessary.

Evolving a human resource strategy to attract the best

national/global talent, through a mix of core faculty,

supported by distinguished visiting/adjunct/honorary

faculty and contracted/outsourced experts.

Encouraging thought sharing amongst eminent captains

of industry, thought leaders etc. through partnerships

with national & global networks.

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General Body of the Society

MEMBERS

Minister-In-Charge for Corporate Affairs

Government of India

Secretary

Ministry of Corporate Affairs

Special Secretary/Additional Secretary

Ministry of Corporate Affairs

Financial Advisor

Ministry of Corporate Affairs

Joint Secretary

Ministry of Corporate Affairs

Joint Secretary

Ministry of Corporate Affairs

Joint Secretary

Ministry of Corporate Affairs

DG&CEO, IICA

STATUS

Ex-officio President of the Society

Ex-officio Member,

Vice-President of the Society

Ex-officio Member

Ex-officio Member

Ex-officio Member

Ex-officio Member

Ex-officio Member

Ex-officio Member Secretary

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Shri Tapan RaySecretaryMinistry of Corporate AffairsNew Delhi - 110001

CA O. P. Agrawal Practising Chartered AccountantH-8,Chitran Marg,C-Scheme, Jaipur-301001, Res:25, Shri RampuraColony Civil Lines, Jaipur-302001

Shri Rajiv K LuthraFounder & Managing Partner, Luthra & Luthra Law offices103 Ashoka Estate, Barakhamba Road ,New Delhi-110001

CS Preeti MalhotraPast President, ICSI,Smart Global Group,Saket Citi Hospital R & D Block, Mandir Marg,Press Enclave Road, New Delhi-110017

BOARD OF GOVERNORS

Shri Ashok MalikJournalist,20, Rouse Avenue,Institutional Area,New Delhi-110002

Shri Dhruv SawhneyChairman & Managing Director,Triveni Engineering & Industries Ltd.,Express Trade Towers,Noida-201301

Shri Gautam ThaparFounder & Chairman, Avantha Group,Thapar House, 124 Janpath,New Delhi-110001

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Shri Vivek NairChairman & Managing Director,Hotel Leela Venture Limited,Sahar Mumbai � 400059

Shri Sunil Kant MunjalJoint Managing DirectorHero MotoCorp. Ltd,E-1, Qutub Hostel Complex,Shaheed Jeet Singh Marg, New Delhi-110016

Dr. Vidya Rajiv YeravdekarPrincipal Director, Symbosis,Executive Director, Centre for International Education,Symbiosis International University, Senapati BapatRoad, Pune-04

Prof.(Dr.) Ranbir SinghProfessor Law & Vice Chancellor,National Law University, Sector-14, Dwarka,New Delhi-110078

Shri Ajay S ShriramChairman, Governing Council, SRCC,C/o DCM Shriram Consolidated Ltd.,1st Floor, Kanchenjunga Building, 18, Barakhamba Road,New Delhi-110001

BOARD OF GOVERNORS

Shri Pritam SinghAdditional SecretaryMinistry of Corporate AffairsNew Delhi � 110001

Dr. Bhaskar ChatterjeeDG & CEOIndian Institute of Corporate Affairs,Plot No.-P-6,7,8, Sector-5,IMT Manesar, Haryana-122050

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Schools

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Indian Corporate LawServices Academy

The Indian Corporate Law Services

Academy (ICLS Academy) is responsible

for capacity building of the ICLS officers

and officials of the Ministry of Corporate

Affairs and its field offices. Following are

the key functions of ICLS Academy:

1. To impart Induction Training to ICLS

Probationary Officers (POs), who

are recruited through Civil Services

Examination conducted by UPSC. 2. To impart Mid-Career/Mandatory

Training to the ICLS officers of the

Ministry of Corporate Affairs

focusing mainly on corporate law,

accounts, audit and other relevant

laws. 3. To impart Mandatory Training to

Senior Technical Assistants (STAs),

of the Ministry of Corporate Affairs

who are in the feeder cadre of ICLS,

as per the amended Recruitment

Rules applicable to them.

4. To impart training to the officers and

officials posted at office of Official

Liquidators across the country as

per the orders/directions of the

respective High Courts. 5. Any other training programme as

suggested by the Ministry of

Corporate Affairs.

Induction Training Programmesfor ICLS Probationers

thThe 5 batch consisting of 4 ICLS

Probationers (POs) from Civil Services

Examination, 2013 joined, the ICLS stAcademy for their 1 Phase Induction

Training from December, 2014 to April, st2015. The topics covered during the 1

phase were mainly related toCorporate Laws and Accounts. During the

nd 2 phase, POs were attached with field

offices i.e RDs/ROCs/OLs for

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School

their �On the Job Training� (OJT) for a nd

period of three months. After the 2

phase of their training, they rejoined the rdAcademy for the 3 phase. Theoretical

topics covered were related to Corporate

Laws, Mercantile Laws etc. Corporate

visits and attachments with the offices of

CLB, SFIO, BPST, NACEN etc. were also

arranged for the POs. An examination

was conducted on the topics taught

d u r i n g t h e i r I n d u c t i o n T r a i n i n g st rd

Programme of 1 & 3 Phase. POs s t

underwent a study tour from 21 th

September, 2015 to 11 October, 2015

and were then posted in different offices

of the Ministry of Corporate Affairs.

thThe 6 batch consisting of 3 ICLS POs

from Civil Services Examination, 2014

joined, the ICLS Academy for their th

Induction Training from 28 December, st

2015 to April, 2016 (1 phase). The topics st

covered during the 1 phase were mainly

related to Corporate Laws and Accounts.

Some corporate visits and attachments

with LBSNAA (Musoorie), BPST & NISM

etc. were arranged for POs.

I . A Five days Mid-Career Training

Programme for ICLS Officers (SAG &

JAG) of the Ministry of Corporate Affairs th th

was conducted from 25 � 29 May, 2015.

5 ICLS Officers (1 SAG & 4 JAG)

participated in the training programme.

Mid Career/Mandatory Training Programmes

for ICLS Officers

ii. Five days Mid-Career Training

Programme for 12 ICLS Officers

(JTS) of the Ministry of Corporate th

Affairs was conducted from 26 to th

30 October, 2015.

iii. Two Weeks Mandatory Training

Programme for ICLS Officers (STS)

of the Ministry of Corporate Affairs th th was conducted from 7 to 18

March, 2016 which was attended by

9 ICLS Officers (STS).

i . One month Mandatory Training

Programme for Senior Technical

Assistants (STAs) of the Ministry of

Corporate Affairs, conducted from th th

13 July to 11 August, 2015 was

attended by 7 STAs.

i . One month training programme for

30 officers & officials of the Official stLiquidators (All India 1 Batch), was

th thconducted from 30 March to 28

April, 2015.

ii. One month training programme for

22 Officers of the Official Liquidators nd(All India 2 Batch) was conducted

th ndfrom 24 August, 2015 to 22

September, 2015.

iii. One month training programme for

13 officers of the Official Liquidators rd

(All India 3 Batch) was conducted th th

from 7 December, 2015 to 5

January, 2016.

iv. One month training programme for

21 officers of the Official Liquidators th(All India 4 Batch) conducted from

st st1 February, 2016 to 1 March, 2016.

Mandatory Training Programmes for Senior

Technical Assistants

Training Programme for Officers and Officials

of Office of Official Liquidators (All India)

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School of Competition Law andMarket Regulations

The School of Competition Law & Market Regulations has been established with the core

objective of meeting the capacity building needs in the area of competition law and market

regulations. As part of the objective and profile of the School, continuous research is

conducted on substantive areas of evolving competition law and policy and the impact of

regulation on competitive market structure in various sectors. The School seeks to assist

in the evolution of competition jurisprudence in India through its research outputs and

c a p a c i t y b u i l d i n g s o l u t i o n s . T h e S c h o o l c o n d u c t s s h o r t & l o n g t e r m

courses (less than three month/three months and above respectively) for training various

stakeholders such as officials of Ministries, Government departments, Regulatory Authorities,

public and private sector enterprises, students and other practitioners of competition law.

Some of the courses are designed to cater to the specific need of the stakeholder.

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School

Certificate Course in Competition Law

The Second batch of certificate course in thCompetition Law, launched on 9 May,

2015 was completed after 3 months of online sessions by having three-days in-

th th stperson classes on 29 , 30 and 31 July, 2015. The Chief Guest for the valedictory ceremony was Hon'ble Justice Mr. G.S. Singhvi, Chairperson, Competit ion Appellate Tribunal.The objective of the certificate course in Compet i t ion Law was to increase awareness that the appl icat ion of competition law in India leads to improving the well being of consumers as well as contributes to economic growth. It aimed at achieving a competition compliant regime for the targeted p a r t i c i p a n t s / s t a k e h o l d e r s f r o m Government Regulatory bodies, PSU's, private companies, law firms and individual advocates and students of law and economics.

A total of 42 participants representing Government departments, public sector enterprises, private sector companies, lawyers and students were enrolled in the course and were made to understand that emphasis should be put on the fact that competition increases the number of innovation incentives, their effectiveness and improves their competitiveness. This would be achieved by limiting the cases of signing prohibited agreements and other forms of anti-competitive conduct. Consumers, individuals and students benefitted by learning that as a result of competition they would be able to choose among a wider range of goods and services of higher quality at lower prices. The participants were from various backgrounds such as power, petroleum sector, Niti Ayog, law firms, practising lawyers, coal sector, India Revenue Service, banking industry, tyre industry and law students.

VALEDICTORY CEREMONY OF CERTIFICATE COURSE IN COMPETITION LAW, 2015

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NATIONAL LAW UNIVERSITY DELHI-IICA

JOINT LL.M. PROGRAMME IN

COMPETITION LAW AND MARKET

REGULATIONS

National Law University Delhi

(NLUD)-IICA joint LL.M. programme on

Competition Law & Market Regulations

was the first LL.M. degree programme in

Competition Law in India. The Programme

commenced from August, 2015 and in-

person classes continued until March,

2016. The dissertations (thesis) were

submitted to mark completion of the first

joint LL.M. in July, 2016. The objective of

this programme was to develop critical

thinkers in competition law and market

regulations. The pedagogy was based on a

mix of teaching and research methods

aimed at strengthening theoretical

understanding and creative thinking in

participants.

The classes were conducted by

IICA's own faculty members consisting of

Dr. Navneet Sharma, Dr. V.K. Singh and

Dr. Ravikant Bhardwaj along with senior

competition law specialists, heading and

partnering in Tier-1 law firms, such as

Mr. Manas Kumar Chaudhuri from Khaitan

& Co., and eminent faculty members from

NLUD, former members of CCI like

NLUD -IICA Joint LL.M. Programme

On the lines of the Central Government�s

� M a k e i n I n d i a � t h e H a r y a n a

Government prepared the new industrial

policy to enhance ease of doing

business in the State. The meet covered

investment and business facilitation

through the New Industrial Policy and

helped IICA to increase its visibility.

HALF- DAY PROGRAMME FOR HIGH LEVEL

INTERACTION WITH CHIEF SECRETARY,

HARYANA, ON INVESTMENTS AND BUSINESS

FACILITATION

The high level industry meet was

discoursed by Shri D. S. Dhesi, Chief

Secretary, Government of Haryana,

Shr i Devender S ingh, Pr inc ipa l

Secretary, Industries, Haryana,

Dr. Bhaskar Chatterjee, DG & CEO, IICA,

Shri Dhanendra Kumar, Ex-Chairman,

CCI and Honorary Principal Advisor, thIICA on 19 September, 2015. The meet

was attended by over 100 participants

f rom industr ies in Manesar and

Gurgaon.

Dr. Geeta Gouri and economists such asDr. Payal Malik and Dr. Geeta Singh.

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CUSTOMISED 3 DAYS TRAIN ING

PROGRAMME ON COMPETITION LAW

FOR INDIAN OIL CORPORATION LIMITED

The sessions covered evolution of jurisprudence of competition law focusing on the Coal sector, horizontal and vertical agreements, abuse of dominance, a detailed study of procurement process, the Procurement Bill and violations, the recent Coal India order with CCI, understanding jur isd ict iona l issues and ef fect ive competition compliance. The session ended with distribution of certificates to all the participants.

The one day customised training program for Coal India Limited (CIL) held on

th11 January, 2016, was compliance based training for senior employees of CIL with major focus on procurement process.

CUSTOMISED COMPETITION LAWPROGRAM FOR COAL INDIA LIMITED

ONE DAY ADVANCED COURSE ON BUSINESSAGREEMENTS AND E-COMMERCE

The one day Advanced Course on Business Agreements and E-Commerce held

thon 27 November, 2015 was driven by the necessity that without any jurisprudential influence and despite its nascence was facing issues which were covered through sessions tailor made covering exclusive agreements with certain enterprises, innovation and competition issues in horizontal and vertical agreements, market power of the industry and abuse of dominance, predatory pricing i s s u e s a n d r e p e r c u s s i o n s , p r i c e transparency, networking effects and effective competition compliance.

T h e t r a i n i n g f o r I n d i a n O i l Corporation Limited (IOCL) on Competition Law for Senior Executives was held for three

th th thdays on 26 , 27 and 28 October, 2015 at IIPM, Gurgaon, centered around creating a compliance programme completely equipping the participants with the nitty-gritties of the law and its impact on their business interactions and competition.

The training was inaugurated byMr. Raju Ranganathan, Executive Director & Company Secretary, IOCL. The sessions covered jurisprudence of Competition Law including policy framework governing oil marketing sector, horizontal and vertical agreements, abuse of dominance, detailed study of procurement process, the P r o c u r e m e n t B i l l a n d v i o l a t i o n s , understanding jurisdictional issues, application of single economic entity and effective competition compliance.

Tailor Made Programme for IOCL

Customised Program for Coal India Limited

Advanced Program in E - Commerce Sector

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HALF DAY ROUNDTABLE ON INTELLECTUAL

PROPERTY RIGHTS AND COMPETITION LAW,

IICA-US DEPARTMENT OF JUSTICE

The IICA-Federal Trade Commission th

(FTC) Roundtable on IPRs took place on 19 November, 2015 at India Habitat Centre with knowledge partners, PLR Chambers. In the presence of the distinguished speakers, Mr. M. Brinkley Tappan, International Counsel in the Foreign Commerce section at US Department of Justice and Mr. John E. Dubiansky, Attorney Advisor in Federal Trade Commission's Office of Policy Planning, the roundtable focused on competition law practitioners working as in-house counsel, with law firms or individual practitioners.

The session covered analysis of policy objectives of patents, innovation incentives, right to exclude under patent principles and static versus dynamic efficiencies. It further addressed the US antitrust agencies approach to matters involving patents, including a discussion of the complementary nature of intellectual property and competition laws.

India (CITD)�. The overall objective of the CITD is to support India in strengthening its capacity to achieve economic growth and sustainable development and ultimately poverty reduction, through further integration into the global trading system by increasing the safety and quality of products by reducing costs and impediments to trade and promoting fair competition.

CAPACITY BUILDING INITIATIVE FOR TRADE

DEVELOPMENT IN INDIA

A) CITD Programme (Advanced Session on Cartels)

The CITD Programme on Cartels

instructed by Mr. Kirti Kumar Mehta took place s t n d

on 1 and 2 March, 2016 at CCI in

collaboration with Administrative Staff College

of India (ASCI) for IICA and CCI staff. The CITD

programme is a capacity building programme

supported by the European Union and aims to

build capacity of IICA and CCI in competition

law area. The sessions on both days covered

cartel conduct, its detection, investigation and

prosecution, introduction to the prosecution of

hardcore cartel infringement and the steps in

proving the infringement. The sessions

answered important questions like why hard

core cartel offense needs to be specifically

defined and the criteria for individual and

collective liabilities. Hard core cartels were

differentiated from joint-selling agreements,

joint ventures and conscious parallelism. It was

important to understand inference of collusion

from economic evidence and information

Programme with delegates from US Department of Justice

Session on Cartels with Mr. Kirti Kumar Mehta

The project is part of the broader European Union-India programme �Capacity Building Initiative for Trade Development in

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exchanges. There was a deta i led understanding of the role of trade associations and policy issues related to sanctions for infringements of competition law and liability for private damages.

The CITD Programme on Merger Control instructed by Prof. Alberto Heimler

th thtook place on 25 and 26 February, 2016 at IICA on Day 1 and CCI at day 2 in collaboration with Administrative Staff College of India (ASCI) for IICA and CCI Staff. The sessions incorporated legal and economic concepts of merger detailing structural changes for growth, innovation, rationalisation, internationalisation of market for corporate control, legal definition of a merger and the notion of control, mandatory pre-notification, no t i fiab le even ts and fi l i ng f ees . Prof. Alberto Heimler of SNA explained the typology of merger transactions and their usefulness expounding individually, horizontal, vertical, conglomerate, full functioning joint ventures, financial investment vehicles and asset acquisition. The importance and relevance of relevant market, benchmark method of relevant

B) CITD Programme (Advanced Seminar in

Competition Law and Policy: Merger Control)

C) CITD Programme (Workshop on Public

Procurement and Competition)

Two days of the ta i lor made workshop for the executives from public and private sector and Government

th thofficials was planned on 17 and 18 of November, 2015. The main objective of workshop was to acquaint procurement officials to spot signals as indirect evidence of a cartel. It helped them to take action once they had a suspicion that rivalry in a bidding process has been artificially reduced.

product and geographical market definition either through customer surveys or econometric methods of elasticity's estimation was explained with several cases in various jurisdictions. He further discussed analytical tools for merger review by explaining meaning and significance of market shares in the context of undifferentiated products, branded goods, narrow oligopolies, two-sided markets, connected goods, R&D poles, etc. The session ended with a detailed explanation of merger policy issues wherein adequacy of the test to pick up unilateral and coordinated effects below dominance, treatment of full functioning joint ventures, access to key investigative measures and role of economic analysis were covered.

Session on Managers with Prof. Albert Heimler at CCI

Session on Procurement

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The sessions covered prohibitions of cartels, the burden of proof, experience of India and of the European Union, peculiarity of bid rigging, cases of bid rigging and the OECD guidelines against bid rigging.

The sessions also covered the importance of public procurement as an economic activity and how it accounts for a substantial share of the total expenditure of the Union Government.

The CITD Programme for Micro Small and Medium Enterprises (MSMEs) and Consumer Associations took place on

st nd 21 and 22 September, 2015 at IICA in collaboration with Administrative Staff College of India (ASCI). The main objective of the programme was to build the capacity of MSMEs in the areas of Competition Law and Policy relevant to their needs, to enhance awareness of MSME's right to s e e k l e g a l r e m e d i e s a n d e n s u r e compliance to the Competition Act and to assess the implications of the Competition Law for consumers.

D) CITD Programme (Workshop onCompetition Law and Policy for MicroSmall and Medium Enterprises andConsumer Associations)

Talk on �Competition & TechnologyMarkets: Does the Existing AntitrustParadigm Apply or Need to be Modified?�by Dr. R. Shyam Khemani

The sessions spread over two days cove red Ind ia ' s Compet i t i on Ac t highlighting abuse of dominance, anti-competitive agreements, regulation of combinations, implications and relevance of competition law for MSMEs, treatment of MSMEs under Competition Law in other jurisdictions and Competition Law and protection of consumer interest.

IICA hosted a public lecture on �Competition & Technology Markets� by distinguished expert on Competition Law,

thDr. R. Shyam Khemani, on 24 April, 2015 at IILM Campus, Lodhi Road, New Delhi. Dr. R. Shyam Khemani, Special Advisor, Competition Policy with SKP Group, dealt with how the underlying paradigm for conducting competition analysis in a given market has evolved over the past decades from initial structure-conduct-performance paradigm to focusing more on 'business conduct' rather than 'market structure' to directly measuring 'effects' in competition assessments.

Session on MSMEs

Session with Dr. Shyam Khemani

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The session went on to discuss Neo-Classical vs Schumpeterian concepts of competition, possibility of defining relevant market in rapidly evolving technology markets and if firm size matters. The session covered cases relating to search engines and operating systems, two-sided markets and information search markets. Some of the cases discussed were various proceedings initiated against Google in USA, EU and India, the Microsoft Case and the Jet-Etihad merger.

Make in India is a major national initiative of the Government of India to facilitate investment, foster innovation, enhance skil l development, protect intellectual property and build best-in-class manufacturing infrastructure. IICA along with institutions under the Ministry of Corporate Affairs, rendered assistance for successful �Ministry of Corporate Affairs� pavilion at the Make in India Week in

th thMumbai during 13 -18 February, 2016.The initiative provided a platform at

Mumbai to showcase, connect and collaborate with Indian manufacturer, investor and healthy competition between states. The programme was designed to provide investment enabling environment to foreign and domestic investors, for start ups and SMEs to scale up their operations and promoting Industry.

Make in India

Advanced Faculty Development Programmein Competition Law & Economics withNational Law School of India University

The Faculty Development Programme (FDP) which was part of the CITD Programme

th th thtook place on 9 , 10 & 11 December, 2015 at IICA conducted by the National Law School India

Un ive rs i t y (NLS IU ) and Scuo la Nazionale dell'Amministrazione (SNA), Italy. One of the primary objectives of the CITD Programme was to build the capacity of faculties in the area of Competition Law and Economics. Prof. TS Somashekhar from NLSIU, Banga lo re , spearheaded the programme and in t roduced the V ice Chancellor, Prof. (Dr.) R. Venkata Rao. Prof. (Dr.) Rao inaugurated the FDP that marked the beginning of the three days arduous training at IICA. Shri Dhanendra Kumar, Principal Adviser, IICA was a special guest at the session.

The sessions discussed in depth, the a n a l y s i s o f h a r d c o r e c a r t e l s , t h e i r criminalisation and leniency programmes, evidence gathering and detection of collusive practices, and effective implementation of leniency programmes and plea bargains along with prominent examples from various jurisdictions.

Understanding and assessing relevant market to determine abuse of dominance brought in important factors relating to co-relation between market share and market power and assessment of power which could be based on demand elasticity for a firm's product or service. Cases relating to excessive pricing, refusal to deal and fidelity rebates were discussed in the context of US, EU and Indian jurisdictions. Mergers and amalgamations were then discussed in the light of the calculation of thresholds proving appreciable adverse effect on competition before the enquiry and investigation of the merger, merger notification and understanding combinations as economic enhancing trade practices to ensure ultimate benefits to the end consumers.

School of Competition Law & Market Regulation at Make in India

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School of CorporateGovernance& Public Policy

The School of Corporate Governance & Public Policy has been set up with a vision to provide knowledge and expertise to meet the challenges of inclusive and sustainable corporate operation and growth. Corporate Governance is now an integral part of corporations and with the focus shifting from regulation to delivery, it is now essential to promote responsible behaviour for shared value creation in society.

To contribute towards better understanding of corporate management and governance. To facilitate global knowledge expertise for local applications.To promote best Corporate Governance practices from India at the international forum.To create a global network of partnerships and linkages with the best of related institutions and organisations both at operational and academic level.To advance and support government bodies, corporate entities and professional through advisory solutions, capacity building programmes and specialised trainings.To create an environment for systemic reforms as well as initiate plans and programmes for cumulative change within and outside organisations.

Approach and Objectives of the School

Key Activities

Learning and Capacity Building

Policy Research and Knowledge Promotion

Consultancy Support

Awareness & Sensitisation

The School of Corporate Governance and Public Policy orgainsed a three-day 'Training of Trainers Programme' on 'Managing Disputes and

thDifficult Conversations on the Board' from 12 to th14 May, 2015 at New Delhi. The programme

focussed on Alternative Dispute Resolution Techniques that helped Directors and Board members in understanding board conflict and conflict styles they often encounter. Disagreements and disputes on the Board are inevitable and it is in the best interest of the company to resolve them quickly and efficiently. The programme was a highly interactive and focused on building interpersonal dispute resolution skills for Board Directors. The participants included Board Members, Trainers and Corporate Governance research scholars.

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Dr. Niraj Gupta, Vladislava Ryabota-IFC, DG & CEO-IICA along with CEDR Members

IICA-International Finance Corporation �

Training of Trainer Programme

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The School conducted the two-days 'Focussed Training Programme for Public Sector Undertakings (PSU's) Directors and Senior Officials', from 30th September to 1st October, 2015 at New Delhi. The programme was organised in collaboration with the International Finance Corporation (IFC) of the World Bank. The programme was intensive, where participants discussed real life strategic issues faced by them at the helm. A total of eight sessions covered the most pertinent areas under Corporate Governance such as Board Strategy Formulation, Director's Duties and Liabilities under the Companies Act, 2013, Stakeholder Management and Corporate Social Responsibility (CSR). Most of the participants in the programme were Director level executives and General Managers, one level below the board.

Two Days Training Programme for Officials of the

Ministry of Corporate Affairs

The School conducted a two days programme for officials of the Ministry of Corporate Affairs titled as “Best Corporate Governance Practices across the Globe” on 16th and 17th November, 2015 at IICA Manesar campus. The programme was designed to provide an overview of Corporate Governance Regulations in the Companies Act, 2013 and SEBI's guidelines. It focussed on Board issues and how different stakeholders are impacted by the rules. A total of eight sessions covered the most pertinent areas under Corporate Governance such as Modern Corporation, Governance Structure, Internal Control & Risk Management, Global Best Practices in Corporate Governance, Independent Directors: Roles & Responsibilities, Building Ethical & Responsible Corporation along with case study. Most of the participants in the programme were senior level officials from the Ministry.

The School conducted a two days intensive Re-orientation Programme for Independent Directors/Functional Directors on 7th and 8th December, 2015 at New Delhi. The programme comprised of 10 interactive sessions covering the most relevant areas of Corporate Governance. All the sessions were delivered by the faculty of the School of Corporate Governance and Public Policy. The pertinent issues discussed during the learning sessions were: Due Diligence before joining the Board, Legal positioning of Independent Directors, Board's role in Strategy, Internal Financial Control, making companies Resilient, Board Evaluation, Conflict Management, Role in Board Committees, and Corporate Social Responsibility (CSR).

DG & CEO-IICA along with IICA faculty,members of IFC & CEDR with participants

Ministry of Corporate Affairs officials with IICA faculty

Dr Bhaskar Chatterjee, DG & CEO IICA with programmeparticipants and IICA faculty

Focussed Training Programme for Directors &

Senior Management of Public Sector Undertakings

Independent Directors Re-Orientation Programme

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The School conducted a two days training programme for Senior Officials of SJVN Limited on “Companies Act, 2013: Issues & Challenges” on 19th and 20th January, 2016 at Shimla. A total of ten sessions were held in the programme and the topics covered were pertaining to the Companies Act & Corpo ra te Gove r nance , such as Moder n Corporations- Regulations & Governance, Related Party Transactions: Key Issues, Audit Committee & Internal Financial Control, the Companies Act, 2013: Introduction and Key Amendments, Independent Director: Roles & Responsibilities, Managing Corporate Social Responsibil ity – Engaging Stakeholders, Building Ethical Corporation, Role of a Company Secretary and other Key Managerial Personnel (KMP) in a company – Pract ice perspective, Shareholder Rights and Secretarial Standards and Serious Frauds Investigation Office (SFIO) etc.

Two Days Re-orientation Programme on theCompanies Act, 2013: Issues and Challenges

From L-R: Padamshree Dr. Bindeshwar Pathak, Founder,Sulabh Foundation, Dr Bhaskar Chatterjee, DG & CEO IICA,and Hon'ble Minister of State for Finance, Shri Jayant Sinha

IICA faculty with participants

International Conference on CorporateGovernance- Second Edition Programme on “Building Better Boards”

The School conducted a two days intensive Re-orientation Programme for Directors

th thnamely “Building Better Boards” on 15 and 16 th thFebruary, 2016 and on 18 and 19 March, 2016 at

New Delhi. The programme provided an o p p o r t u n i t y t o d i s c u s s g o v e r n a n c e cha l l engeswhich can improve the performance of the Board and thus the performance of the company. It also effectively contributed in improving Board's performance by providing an opportunity to hone up necessary

The School organised the second edition of

the International Conference on Corporate thGovernance on 9 February, 2016 at New Delhi in

collaboration with industry body, FICCI. Hon'ble

Minister of State for Finance, Shri Jayant Sinha

presided over the conference as Chief Guest. The

day-long conference covered four technical sessions,

which focussed on navigating during Crisis; global

best practices on Corporate Governance; Corporate

India: diversity and inclusivity and managing risks for

Good Governance. The speakers of the technical

sessions were renowned experts from SEBI, BSE,

Deloitte, CIMA, Thomson Reuters, PNB Metlife, PTC

Financial Services, Protiviti, Lakshmikumaran

Sridharan. The conference saw participation of over

100 senior level professionals from regulatory bodies,

industry and academics.

21

crit ical ski l ls. The pert inent issues

discussed during the learning sessions

included: Board Culture, Board's Role and

Responsibilities under Companies Act,

2013, Emerging Role of Independent

Directors, Board's role in Strategy, Diversity

at Board, Enterprise Risk Management,

Managing Finance through Ratios, Balance

Score Card, Boards Report and Corporate

Social Responsibility.

IICA faculty & staff with participants - School of Corporate Governance & Public Policy

Programme on �Governance, Risk

Management & Compliance� (GRC)

The School conducted a two days capacity st ndbuilding training programme from 21 to 22 March,

2016 at New Delhi. The programme was designed

to provide intensive training to the officials who

directly deal with governance, risk and compliance

functions of their respective organisations. A total

of eight sessions were covered in the two days

programme and the most pertinent areas under

Governance, Risk Management & Compliance

such as the concept of GRC, GRC capabilities:

Enterprise Performance Management, Enterprise

Risk Management, Internal Audit, Secretarial

Standards, Corporate Governance and Integrated

Reporting, CSR for risk management, SEBI (Listing

Agreement and Disclosure Requirements)

Regulations, 2015, etc. IICA faculty along with programme participants

22

participants took active interest in discussions. Various case studies were discussed to develop the analytical skills of participants. The programme also gained the attention of Doordarshan and was telecasted on national television in their popular programme 'Krishi Darshan'

School ofFinance

School of Finance is engaged in education, research and capacity building in financial and regulatory issues relevant to business entities, professionals and investing public at large.

During FY 2015-16, the School conducted 11 training programmes spanning over 41 training days with 213 participants from Banking and Finance sector. The School has played a major role in conducting training programmes for the Ministry of Coporate Affairs officials under the Corporate Data Management Project.

Training Programme on Emerging Opportunities in Agricultural Financing for Punjab National Bank

Participants of PNB Programme on Emerging Issues in Agriculture Financing

Training Programme on EmergingOpportunities in AgriculturalFinancing for Bank of Baroda

The School of Finance conducted a training programme for 31 officers of Bank of Baroda on “Emerging Opportunities in Agriculture Financing”

th stfrom 27 July to 1 August, 2015. It was an innovat ive 6 days programme offered in association with Indian Agriculture Research Institute (IARI). The programme contained 3 days of field visits. The group experienced the challenges of handling people from a heterogeneous mindset and developed the skills to handle such situations. The sessions were highly interactive and all

The School conducted 5 days training programme for 51 officers of Punjab National Bank on “Emerging Opportunities in Agriculture Financing” in two batches. Batch 1 with 26 officers was

th thconducted from 7 to 11 September, 2015 while Batch 2 with 25 participants was conducted from

th th12 to 16 October, 2015. It was a customised 5 days programme for the bank offered at IICA campus with faculties drawn from NABARD, IARI and senior ex-bankers with relevant experience. The feedback received after the training indicated vast improvement in the confidence level of the trainees

23

A 5 days open training programme for “First th thTime Branch Managers” from 5 to 9 October,

2015 was successfully conducted by School of

Finance. The objective of the programme was to

improve the success rate of branch managers by

providing them skills and tools required for new role

resulting in reduction of organisational cost of

managerial failures in banking industry. The

participants appreciated the practical insights,

experience sharing by senior faculty and real life

case discussions.

Training Programme

for First Time Branch Managers

Participants of Retail Banking Programme

Training Programme on Management

of Retail Banking

The School conducted a 3 days open training

programme on “Management of Retail Banking” from th th7 to 9 September, 2015 at IICA campus, Manesar.

The programme was aimed at developing the

participants for future retail challenges. Nominations

from 8 banks were received. The diversified group of

trainees appreciated the pedagogy, case discussion,

i n t e r a c t i o n s a n d e x p e r i e n c e s h a r i n g b y

knowledgeable faculty comprising of successful

CGMs/GMs of various banks and executives from

corporate. A daily yoga session, leadership module

and brain mapping exercise for the trainees were

other special features of this programme.

24

Training Programme on Understanding Financial Statements

The School conducted a training programme for 20 Senior officials of the Ministry of Corporate Affairs on th th“Understanding Financial Statements” from 28 to 29 October, 2015 at IICA campus, Manesar. The objective of the

programme was to facilitate participants in learning the art and science of analyzing the financial statements to

understand performance from various perspectives, interpret current operations and forecast future performance to

enable informed financial decision-making. The sessions were highly interactive and various case studies were

discussed to develop the analytical skills of participants. The programme content and coordination was greatly thappreciated by the participants. Based on the feedback, a similar programme was conducted in Shillong from 26 to

th27 November, 2015.

Workshop on Challenges related to Scrutiny of Balance Sheet and Profit & Loss AccountA 2 days residential workshop was conducted for the Ministry of Corporate Affairs officials by the School of

Finance in Bengaluru to facilitate experience sharing by ICLS officers having exposure to scrutiny of Balance Sheet

and Profit & Loss Account for effective regulation. The workshop was helpful in sharing of regional best practices

besides finding gaps and probable solutions in terms of methodology and/or IT interventions.

The Ministry of Corporate Affairs officials during Programme on Understanding Financial Statements

The Ministry of Corporate Affairs officials during Workshop on Scrutiny of Financial Statements

25

Training Programme on Non Performing Assets Management

The School conducted a 3 days open training

programme on “Non Per forming Assets rd thManagement” from 23 to 25 November, 2015.

The programme was attended by 22 bankers from

15 banks. The diversified group of trainees

appreciated the programme especially pedagogy,

case discussion, interactions and experience

sharing by knowledgeable faculty comprising of

successful CGMs/GMs of various banks. The

participants were able to absorb many takeaways

which would be straightaway implemented at their

respective work situations.

Training Programme on Forex

& Treasury Management

The School conducted an open training

programme on “Forex & Treasury Management” th thfrom 4 to 6 January, 2016. The 3 days residential

programme was designed for managers and

executives of public sector, private sector and

foreign banks who are identified for handling

foreign exchange transactions in branches and

controlling offices of the banks.

Training Programme on Credit

ManagementThe School conducted 5 days open training

thprogramme on “Credit Management” from 8 to th12 February, 2016. The programme was intended

to equip participants to identify and leverage new

opportunities for credit growth under retail, MSME

and international trade segment by learning the

basics of credit management as well as challenges

and opportunities inherent in building a healthy

credit portfolio for the bank. The programme was

attended by 22 participants from 11 banks.

Participants during Programme on NPA Management

26

School ofCorporateLawThe School of Corporate Law (SCL) is one of the four Schools at IICA, that has established a niche of scholarly research in the field of corporate and allied laws by corralling renowned experts in the field, professionals and academicians. The School provides for policy insights into Government legislations on the edifice of current epoch of rapid economic expansion and strategic knowledge dissemination in corporate law. The School has organised various consultations, discussions, corporate training programmes and workshops for various stakeholders such as judicial officers, officials of the Min ist r ies, Regulatory Author i t ies, Government departments, public and private sector enterprises. The School undertakes critical knowledge dissemination spread across corporate and other relevant laws, so as to contribute to greater understanding of corporate systems amongst government policy makers and administrators as well as regulators. The School actively encourages and facilitates the development of customised capacity building that enables company management and professionals to discharge their regulatory compliance responsibilities with ease and fervour.

27

First and Second Six Months CertificateCourse on Corporate Law (online)

The School has conducted two batches of its

flagship six months certificate course on Corporate Law

in an online mode. A total of 55 individuals which

included professionals, Govt. officials and students

completed the programme. The first batch was from July

to December 2015 and the second from December

2015 to May 2016. The course contained 10 modules

covering essentials of Company Law, Capital Market,

Competition Law, Intellectual Property Laws and

Arbitration Laws.

White Paper on Direct Selling Industry in India

As a Capacity Building think-tank, the School

released a White Paper on Direct Selling Industry in

India. PLR Chambers supported the School in this

study. The study suggested urgent need for drafting

clear definition of direct selling so that law

enforcement agencies could easily differentiate

between legitimate direct selling activities and the

illegitimate ponzi/pyramid schemes. The paper was

sttaken cognizance of in the 21 Report of the Standing

Committee on Finance and the proposed draft

Two Day Residential Training Programmeon “SEBI and Companies Act – An Interface”

The School conducted a two days residential

training programme on 'SEBI and Companies Act –

An Interface' for the officers of the Ministry of rd th Corporate Affairs on 3 & 4 December, 2015 at IICA

campus, Manesar. The main objective of the

programme was to sensitise the Officers of the

Ministry on the interface between the Companies Act

(covering 1956 and 2013) and the Capital Market's

Regulator SEBI.

Inauguration of the course at ISIL, New Delhi

Release of the White Paper on Direct Selling Industry in India at the IndiaHabitat Centre, New Delhi on September 11, 2015

Exposure Legislation has been appreciated by the

Industry and consumer organisations.

Group Photograph of officers and faculty at the programme

28

Four Days Workshop on “Investigation & Prosecutionunder the Companies Act, 2013” for Serious FraudInvestigation Office Officers

The School conducted a customised

workshop for the officers of Serious Fraud

Investigation Office (SFIO) on 'Investigation and

Prosecution under the Companies Act, 2013' in

which a total of 27 officers of SFIO including its

Director part icipated. The programme was

customised to address the needs of SFIO and

included critical components like relevant provisions

of CRPC and Evidence Act, forensic audit, nuances of

digital evidence, psychology of fraud, analysis of

financial statements, report writing, etc.

• The School also conducted a two days residential

training programme on Land Acquisition and Related

Laws Including Real Estate (Regulation and th thDevelopment) Bill – 2016 on 18 to 19 March, 2016.

• A training programme on Recent Developments in

Companies Act, 2013 was conducted with Amity thLaw School-II on 20 January, 2016 at ISIL, New

Delhi.

Other Programmes

• Four days residential training programme on

Companies Act, 2013: Issues and Challenges (with

Companies Amendment Act. 2015) was conducted rd thduring 23 to 26 June, 2015 at IICA campus, IMT

Manesar.

Group Photograph with Officials of SFIO

29

Centres

Centrefor E-Governance

31

The Centre supports E-Governance in regulation as well as at the business enterprise level to secure efficiencies in regulation and stakeholder participation in Corporate Governance. The Centre studies, discusses and disseminates effective e-solution models for Corporate Governance and makes data available to other IICA Centres & Schools for research and value-added services like data warehousing, mining, processing, marketing etc. The focus of the Centre is to conduct workshops, seminars and provide advisory, consultancy & support services in the area of Information Technology/E-Governance.

CentreFOR RESPONSIBLECORPORATEGOVERNANCE Ethics and morals are an integral part of

Corporate Governance and need to be

harmonised and blended with corporate

strategy, policy and functioning. Principles of

good Corporate Governance benefit both the

corporate and the community by ensuring

long term growth of the business entity and

lowering its cost of financial and human

resources.

The Centre for Responsible Corporate

Governance views corporate governance as

an instrument for wealth creation as well as a

tool for inclusive social development. Its aim

is to help identify good governance and

sustainable practices and develop strategies

for business entities to integrate such

practices in their operations.

Corporate Governance is not merely

compliance of legal procedures but has to be

a part of the overall corporate philosophy and

bel ief. Good Corporate Governance

Training programme delivered by the

Centre are focused on Companies Act,

2 0 1 3 & A m e n d m e n t s , C o r p o r a t e

Governance and Women Economic

Empowerment, Corporate Finance &

Corporate Accounts, Financial Statement

Analysis and Corporate Social Responsibility

practices are equally relevant for small

businesses but need to be carefully tailored

to their requirements which are quite different

from those of widely held large companies.

The Centre envisages collation, development

and research into literature, case studies,

documentaries and other material for

knowledge dissemination. The Center

facilitates sharing of information and ideas on

emerging international trends in Corporate

Governance through interactions, events

and networked dialogues across the globe.

32

National Seminar on CompaniesAct, 2013: Spot Light on SalientFeatures & Recent Developments

The training programme was attended by 17 participants from corporates, banks, financial institutions, National Stock Exchange and other institutions in India. The training programme focused on various aspects of the Companies Act, 2013 such as related party transactions, One Person Company, Corporate Governance, CSR, E-Governance, corporate frauds, accounts and audit, Companies (amendment) Act, 2015, insider trading etc. The aim of the p ro g r a m m e w a s t o e d u c a t e t h e stakeholders including professionals and senior level executives on various aspects of the new company law and to prepare the stakeholders to understand the practical implications of the Act. The event received very good feedback from the participants.

Technical Session-I

Inaugural Session

The Centre for Responsible Corporate Governance (CRCG) and School of Corporate Law jointly organised a four days residential training programme on Companies Act, 2013: Issues and

rd thChallenges from 23 to 26 June, 2015 (with Amendment Act, 2015) at the IICA campus, IMT Manesar, Haryana, with ICSI being a knowledge partner for the programme.

Four Days Residential Training Programme on Companies Act, 2013: Issues and Challenges (with Companies (Amendment) Act, 2015)

The Centre and ASSOCHAM Kolkata chapter jointly organised a one day Conference on 'Companies Act, 2013-Spot Light on Salient Features & Recent

thDevelopments” on 24 April, 2015 at Kolkata. The Conference was supported by SAIL and COAL India Limited. The sessions generated a lot of queries from the participants and led to discussion on practical issues on the subject.

33

CENTREFOR MICRO SMALLAND MEDIUMENTERPRISES

The Centre for Micro Small and Medium Enterprises (MSME) was established to foster understanding of the regulatory framework, encourage innovative responses to business environments and address all other relevant issues affecting the MSMEs. It enables capacity building through training and interactions such as seminars and workshops, engages in documentation and research on MSMEs practices. It also encourages cluster development initiatives and uses its pivotal cross cutting position to create synergy among various facets of the MSME sector. The Centre offers a unique platform for Indian Small and Medium Enterprises (SMEs) and international professionals to cross fert i l ise their experiences and ideas in developmental training, sharing knowledge and capacity building.

Research & Knowledge Creation

Establish Centre for MSME as hub of knowledge creation.Collaborate with Institutes/experts of repute and conduct research.Develop best practices, sector guidelines, SMEs tool kits and Strategy development for MSMEs.

Advisory Services & Consultancy

Serve as primary point of contact for internal and external stakeholders in MSME sector.Capacity building advisory services to create and strengthen the "Vision" of the Chambers of Commerce & Industry, Associations & Federations of business organisations.Facilitate policy advisory and influence policy decision.Foster MSME ecosystem development.P ro v i d e c o n s u l t a n c y f o r S M E a n d entrepreneurship development.

Learning & Capacity Building

MSME outreach towards stakeholders for consultation through seminars, workshops and forums.Conduct capacity building courses and trainings for MSMEs, sensitise policy makers and key MSME stakeholders.

AREA OF FOCUS

Present Infrastructure

34

Two Days Workshop on EffectiveFinancial Management

The Centre organised two days th th

residential workshop on 13 to 14 July, 2015 addressing the issue of �EFFECTIVE FINANCIAL MANAGEMENT� for MSMEs at its campus. A total of 31 delegates participated comprising of 22 renowned captains of MSMEs (5 BMO's from 4 states, Rajasthan, U.P., Punjab and M.P.). Besides, senior officials from Central & State Government agencies (Directorate of Industries, Uttarakhand, Haryana Power Generation Corporation Ltd., Central Bank of India, Office of Development Commissioner (Handicrafts) and Managing Directors of MSMEs.

The Centre for MSME organised a t w o d a y s w o r k s h o p o n E x p o r t Management for Micro, Small & Medium

th thEnterprises (MSMEs) from 14 to 15 December, 2015 at the IICA Campus. The workshop was designed to enhance business prospects for exporters and to provide valuable insights into key areas like; Merits of Export Trade Plan, Export Marketing & its Expansion Strategy with inputs about new avenues of trade and commerce for Indian Exporters in Africa and Germany, Resource Trends & Trade Practices of Export. It also encapsulated issues l ike how to compete more successfully, how to reduce dependency on few major customers and expand customer base, important issues of exports and advanced issues of exports etc. The workshop also included an interactive session during which the speakers clarified various points raised by the participants.

IICA faculty with delegates

Learning session – Export Management IICA faculty with delegates

Two Days Workshop on Export Management

35

Two Days Workshop on Supply Chain Management for Global Competitiveness

th thThe Centre organised a two days workshop on 8 and 9 February, 2016 on �Supply Chain

Management for Global Competitiveness� for Micro, Small & Medium Enterprises (MSMEs) at the IICA campus. The workshop focused on cross disciplinary knowledge and skills to succeed in today's high�tech global economy, offered valuable tips for creating and managing opportunities for reducing costs, driving growth and building maintainable competitive advantages.

IICA faculty with delegates

36

FOR BUSINESSINNOVATION

Given the ingenuity, agility and

resourcefulness of the small entrepreneur in

India, new management techniques and

technologies provide tremendous scope

a n d o p p o r t u n i t y f o r s u s t a i n a b l e

development of small companies and first

generation entrepreneurs, including service

providers by creating new opportunities for

business and innovation. IICA provides

institutional support for research projects to

identify such opportunities, development of

prototypes, incubation support and help in

fully exploiting the latent potential in areas

such as management, raising of capital,

accounting, green products/processes,

new and renewable sources of energy, etc.

and aims to emerge as a pioneer & leading

Centre of Excellence for dissemination of

innovative business ideas. The focus is to

harness the ingenui ty , agi l i ty and

resourcefulness of the small entrepreneur

and help small companies/limited liability

partnerships/proprietorships to grow.

Business Innovation wants to build an

environment that brings people together in

decision-making in order to foster

integrated exchange, development and

appl icat ion of knowledge, a lso to

strengthen IPR capabilities for innovation

and business development.

Centre for Business Innovation has

developed and delivered workshop on

business sustainability tools for SME

clusters, Innovations & IPR and has

released an intensive research paper on

�Corporate Incubation�.

Centre

37

IICA CERTIFIEDPROFESSIONALPROGRAMME INENTREPRENEURIALINNOVATION

IICA faculties have delivered time-tested lab-to-life courses in Corporate Affairs. On similar lines, Centre for Business Innovation through its certification programme in Entrepreneurial Innovation facilitates business environment and create successful entrepreneurs who will become leaders in s t ra teg ic p lann ing management and executive with the initiative to contribute towards economic growth, financial inclusion and job creation through responsible bus iness p rac t i ces . To g row th rough collaboration, technology transfer as well as provide indigenous techno commercial solutions to support Nation's growth objectives. The IICA Certificate Programme (ICP) in Entrepreneurial Innovation is built on 3 strong pillars of innovation to recognise the many factors for a new start-up to succeed. The course strengthens core pillars through rigorous training and experience to Embrace Creativity & Change, Adopt Global Strategy and Practice Responsible Business. The vision of the programme is to build capacity of entrepreneurs for creating and sustaining high-growth business enterprises.

Publications 1. White paper on India and corporate incubation

Dr. Bhaskar Chatterjee, DG & CEO & Dr. Kumar Krishen, Sr. Scientist, Johnson Space Centre, NASA, Texas released the “White Paper on India and Corporate Incubation – A practitioner's

thperspectives & recommendations” on 16 May, 2015. The objective of the study was to revive corporate incubation from its nascent stage.

White paper was an intensive support for-profit

entities towards growth at an accelerated pace

through physical facilities, mentoring, market

access, funding and administrative services.

The Centre conducted research on "Sentiment Analysis Using Big Data Analytics" and the Head of Centre for Business Innovation presented a paper in the 2015 IEEE European Modeling Symposium in Madrid, Spain in October 2015. The paper was later published in IEEE Computer Society Proceedings.

International Conference on Innovations &

Intellectual Property Rights

38

2. Research Publication on Sentiment Analysis

Using Big Data Analytics

With the objective of delving on pertinent issues relating to research and application of innovation to techno commercial use, exchange of ideas and e x p e r i e n c e s a n d d e v e l o p p o l i c y recommendations to resolve issues affecting various domains, the Centre for Business Innovation organised an International Conference on Innovations & Intellectual Property Rights (ICII)

th thon 15 and 16 May, 2015 at IICA Manesar Campus to develop an open repository of case studies and research articles.

Dr. Kumar Krishen, Sr. Scientist, Johnson Space Centre, NASA, Texas, chaired the conference sharing his learning's and experiences in technology transfer and commercialising space technologies for public good. The conference provided a platform for contributors to trade ideas and best practice on intellectual property rights and innovation in the business and academic sector.

thPre-conference workshop was organised on 15 May, 2015 at IICA campus sponsored by Technology of Information, Forecasting and Assessment Council (TIFAC), Department of Science and Technology (DST) which mainly focused on “Technology Transfer & IPR Commercialisation”.

thThe conference was held on 16 May, 2015 at Le Meridien, New Delhi sponsored by Qualcomm, Madison Street Capital and Balani Infotech talked about Scaling-up and Monetising IPR and also included various case studies on Multiple Aspects of Innovation, Identification, Evaluation & Transfer, commercialisation of Intellectual Property and Innovation Capacity.

The Centre organised 2 days residential workshop th th 15 and 16 September, 2015 sponsored by

National Science & Technology Entrepreneurship Development Board (NSTEDB), DST for managers & heads of incubation centres on implementing CSR strategically to align with the development agenda. The objective of the workshop was to build capacity of newly funded incubation centres to enable them to develop incubation policies and nurture start-ups which align with the larger development agenda of the country. The workshop mainly focused on guiding about orientation of incubation managers as young incubates are young minds filled with passion and technology know but lack skills on business planning and fund raising, go to market ability, compliance and regulatory norms and business sustainability.

Implementation of Strategic CSR for Incubation

Centres

With the idea of nurturing the innovative league, Centre for Business Innovation organised a

st rd Master Training Programme from 21 to 23December, 2015. The training was conducted for the commencement of “Certification Programme in Entrepreneurial Innovation” to train two faculty members of ICP partners. The said course is framed to nurture early stage entrepreneurs to appreciate entrepreneurship over immediate careerism and enable them to ideate, plan economic allocation of resources and transform their mindset through three pillars of innovation. Prof. M. S. Rao, Chairperson - Centre for Entrepreneurship, SPJIMR-Mumbai chaired the master class through class room teaching and discussed about the for-profit, not-for-profit and hybrid models for start-ups.

Master Class for Start-Up Educators

39

People have started discussing about business opportunities for early and growth stage of start-up these days. With this idea, IICA decided to mentor Delhi Business Innovation meet-up community along with its networking partners. The Centre organised a physical meet-up to discuss about Funding

thOpportunities for Indian Start-Ups on 26 September, 2015 at Le Meridien, New Delhi.

The meet-up was attended by early stage start-ups, growth stage entrepreneurs, practitioners, representatives of professional bodies and corporate advisors. The panelists talked about raising capital & adding real value to the deal. The discussion mainly revolved around the importance of timing for a business transaction. Participants were keen to know about better business strategies which help to generate more jobs.

FACILITATING THE START-UP COMMUNITY:MEET-UPS FOR DELHI BUSINESS INNOVATION

COMMUNITY ON RAISING CAPITAL

40

For Institutional Partnershipsand Corporate Communications

Institutional Partnerships and Corporate Communications are cross-cutting services across and within the IICA verticals. The Centre for Institutional Partnerships and Corporate Communications facilitates collaboration and communication for all Schools and Centres and also serves as an external interface of the inst i tut ion. Engagement with external institutions for focused thematic projects, building up of strategic partnerships, creating national and international platforms for exchange of experience and ideas, stimulating dialogue, event planning; notification and Institute of Chartered Accountant of India promotion, communications regarding opportunities and dissemination of information are the major activities of the Centre.

Centre

The Centre's activities include forging of Institutional Partnerships - both national and international and collaboration with partners for exchange of knowledge and information, joint research, development and execution of tra in ing programmes, seminars and conferences. During the year 2015 -16, IICA entered into three MoUs with Institute of Rural Management, Anand, Bombay Chamber of Commerce & Industry and for conducting trainings and carrying out research in the field of CSR, Corporate Governance.

The Centre produced updated version of CSR Ready Reckoner, a hand book on comprehensive guidelines of CSR and compilation, editing & designing of Annual Report. One of the major responsibilities of the Centre is the projection of the IICA brand through constant updating and maintenance of IICA website and documentation and preservation of IICA history in print and audio/visual formats.

41

Business ResponsibilityWith the closure of the IICA-GIZ Business Responsibi l i ty In i t iat ives phase-I I in December 2014, IICA started functioning as the Nodal Hub for all Business Responsibility related initiative as a part of this, 12 implementation agreements were signed with NISM, BSE Ltd., CII, PHD Chamber of Commerce, National Productivity Council, Indian Banks' Association, Foundation for MSME Cluster, FICCI, Consumer Voice and the Centre for Responsible Business.

Corporate Data Management ProjectThe Centre initiated and finalized a project agreement between the Ministry of Corporate Affairs, Government of India and Indian Institute of Corporate Affairs to implement the new Plan Scheme "Corporate Data Management".

thDuring this operational tenure from 6 October, th2015 to 6 September, 2016, Indian Institute of

Corporate Affairs had to organise a total of 22 training programmes for imparting training in the field of finance, laws, data analytics, governance, statistics, accounts, CSR, Companies Act and Regulations. IICA collaborated with premier institutes like Indian Institute of Management (IIM), Indian Statistical Institute (ISI), Indian Institute of Foreign Trade ( I IFT ) , Nat iona l Ins t i tu te o f F inanc ia l Management (NIFM), FORE School of Management and various industry and legal experts for providing insight view on the specified domain areas. During the year, 10 training programmes were organised, where 145 Ministry of Corporate Affairs officers were trained on issues related to understanding Financial Statements, Best Practices in Corporate Governance, SEBI and Companies Act, 2013, Management Development Programme on Business Analysis in a Big Data World and Certificate Programme on Big Data & Data analytics, Financial Statements and Profit and Loss Account, Primer on Securities Markets, Mapping of Company Accounts to National Accounts and XBRL Implementation in MCA 21.

Training Programme for Coal IndiaLimited Management Trainees ofCommunity Development DisciplineThe Centre conducted the t ra in ing

st programmes of the 1 batch of 30 Coal India thLimited (CIL) Management Trainees from 19

thSeptember to 19 October, 2015. The training programme covered a total of 80 sessions Covering four segments. The training was designed to impart an understanding of Corporate Soc ia l Responsibility and Community Development (CD) in accordance with relevant legislation, and its translation into practice; Sustainable D e v e l o p m e n t ; R e h a b i l i t a t i o n a n d Resettlement (MR), Land Records and Acquisition; Energy, .NAMDR Act and related issues. Field visit to Satya Bharti School, Neemrana and Land Records office, Haryana were also part of the training programme.

42

KNOWLEDGERESOURCECENTRE

Access to information both specific and general, across discipl ines and geographical borders plays a very critical role in supporting the academic programmes of any educational institute, leading to the role of libraries as Knowledge Resource Centres. A library identifies, evaluates, procures, process knowledge resources and then makes the learning/knowledge available to the faculty and students for their teaching, learning and reseasrch assignments.

The Knowledge Resource Centre (KRC), has been primarily designed to meet the requirements of the academic and training programmes of the Schools and Centres. It has a collection of more than 5500 volumes of books and other publications. These publications include training material & modules, annual reports, regulatory acts,

informative articles and technical write-ups, among others. The KRC is designed to subscribe to and subsequently provide access to online full text journals. Classified under the DDC 23 method, the resources of the KRC are acquired on demand and on expert approval, thereby ensuring both the quality of publications and its relevance to the subject.

The resources are available in digital format listing to ensure ease of access and classification. For the smooth functioning, KRC has an operational manual containing all rules, regulations and procedures. The manual identifies all crucial functional modules and delineates a clear policy on the modality of the activities of the library such as collection, development, provision of information services, management of other academic support facilities etc.

43

KRC has good collection of Hindi

books, both subject related and general

books. Full text online journals and

databases like Westlaw, Manupatra,

Kluwer Competition Law, CLA online,

Taxmann Allied Services and Jstor have

been subscribed by the KRC for supporting

training and teaching. All these online

database and the newspapers can also be

accessed through remotely via Ezproxy

gateway. �Ezproxy� is a web / cloud based

access gateway for accessing the online

and digital resources.

The Library Management Software

�LIBSYS� has been procured for library

automation. First phase of RFID has also

been undertaken and functioning smoothly

at KRC.

KRC is also subscribing ant i

plagiarism software Turn-it-in. This

software is helpful in checking originality of

all submitted research papers, modules

and articles.

A wel l equipped modernised

computer lab with internet and other

facilities is also available in the KRC for

research and training purpose.

44

Foundation for CorporateSocial Responsibility

IICA-Centre of Excellence for Sustainable

Development (IICA-CESD) has since its

inception constantly endeavored to steer

t h e c a p a c i t y b u i l d i n g a g e n d a o f

Sustainability and Sustainable Development

for the Corporates in India.

th thIt was a two days residential MDP Programme for Indian Corporates held on 28 to 29 May, 2015 at IICA campus. The event saw the participation of representatives from various sectors such as automotive, power, engineering, petroleum, hospitality, FMCG, banks, construction firms, foundations etc. Designing CSR projects within the national and global requirements of sustainability and inclusive growth, while keeping sustainable development in focus was the key theme. The programme consisted of technical sessions on sustainability risks, challenges and opportunities with a focus on developing strategies, good practices and innovative technology solutions across 12 sectors and illustrative case studies on project.

IICA-Centreof Excellence

for Sustainable

Development

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I t was 2 days residential Management th th Development Programme held on 5 and 6

November, 2015 at IICA campus. The programme included topics on CSR mandate, National & Global Sustainable Development scenario, sustainability, risks & challenges, opportunities & developing strategies, designing, developing & aligning CSR projects, technological innovations in CSR project design & development, CSR project development & implementation, safe drinking water, water shed management, water harvesting, biodiversity conservation, renewable energy, biomass, solid & liquid waste, biogas, group discussions on CSR Policy, implementation, reporting and monitoring, evaluation, impact assessment and reporting of CSR projects.

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Strategising CSR for Sustainable Development – Transformative Solutions to Protect the Planet& Enhance Human Well-being

The 3 days residential CSR/Sustainability th thWinter School was held on 17 to 19

February, 2016 at IICA campus. A large number of delegates from public & private sector attended the programme. The programme included topics on CSR mandate, National & Global Sustainable Development (SD) scenario, sustainability strategies, risks & mitigation, designing, developing & aligning CSR projects with core areas, technological innovations in CSR projects, design & development, case studies on safe drinking water, water harvest ing, biodiversity, smart solar microgrids, wind-solar hybrid, MSW & liquid waste management, biogas applications, biomass power & process plants, CSR policy, implementation/IAs, reporting, CSR & SD, resource accounting, sustainability reporting, disclosure & reports, monitoring, evaluation, impact assessment and reporting of CSR projects. A field visit to National Institute of Solar Energy (NISE), Gurgaon was

thorganised on 18 February, 2016.

CSR Portal Vertical

Section 135 of the new Companies Act, 2013 mandates that qualifying companies need to spend a minimum 2% of their average “Profit Before Tax” (PBT) of the past three years as Corporate Social Responsibility (CSR). With CSR mandate, it has become necessary for the corporate sector to understand the development sector and also for the NGOs/Implementing organisations to understand nuances of the Section 135 of the Companies Act, 2013. This had thrown up lot of opportunities for IICA, which is mandated to act as a think tank for the Ministry of Corporate Affairs on Corporate Social Responsibility and other relevant matters. This has resulted in creation of CSR Data Analytics Portal Vertical in National Foundation for CSR (NFCSR) in IICA.

India being the first country to bring CSR through the legislative route, there was a need to create not just a database of companies coming under ambit of Section 135 but also a metadata of CSR implementing organisations, CSR policies, CSR spends, best practices on CSR, consulting firms, research organisations, frequently asked questions etc. This portal has various features like Geo-tagged database of companies falling under CSR domain, their CSR policy and plans, geographical spread of CSR activities, CSR spend analysis both sectoral and over a geographical area etc. Analysis of this metadata may be u t i l i sed by var ious stakeholders like Ministries, media, corporates, NGOs, other service providers, consultants, individuals etc. for knowing about CSR opportunities, in accessing and disseminating information about new CSR rules and discuss its implementation related issues, to find out details of CSR activities in India etc.

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There is dearth of countrywide and sector wise data on CSR in India. At the same time, IICA was uniquely positioned to quickly scan the CSR landscape and create a credible database on its own. Sensing the opportunity, the vertical created a comprehensive data base of all companies who have done their CSR activities in financial year 2014-15 out of the data available in public domain through Director's Report of the Companies.

Highlights of this comprehensive database is- ° In house analysis of data through interns

and trainee company secretaries ° Obtaining data from information available

in public domain° Data of around 7300 companies scanned

so far ° Advocacy to publish data available in

AOC-4° Advocacy to streamline AOC-4 format to

capture the data correctly

At present there is a lack of recognition of NGOs as drivers of CSR which concerns about their legitimacy in relation to CSR, difficulties in the mutual understanding between NGOs and corporates and a lack of self-confidence among NGOs as important players in CSR. The role of NGOs is often regarded as controversial and their integrity is contested. This deep-seated misunderstandings and mistrust among different stakeholder groups (particularly between NGOs and corporates) can be a possible impediment for concrete CSR initiatives. It has to be acknowledged that over the years, a fairly large trust deficit has developed between NGOs and corporates. NGOs, particularly small and medium sized NGOs, frequently paint corporations as solely profit� maximising entities with little care for stakeholders or the environmental impact. Corporations, for their part find it difficult at times to place their faith in NGOs. Their hesitation relates largely to issues of ethics and implementation capabilities.

Highlights of the work in this domain is-

° Worked with Institute of Chartered Accountants of India to issue a Guidance note on accounting of CSR in India

° Facilitated number of training programmes on accounting, audit and taxation on CSR

° Developed a course curriculum for a course on financial management of CSR in India

° Floated an EOI and empaneled 5 institutes from different parts of India for facilitating financial management of CSR in India

° Developing a course on impact audit of CSR expenditure, in coordination with external faculty

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The CSR Implementing Agency Hub has the following aims and objectives:-

To g e n e r a t e a d a t a b a s e o f imp lementa t ion pa r tne rs w i th information about their geographical presence, area of work, previous projects executed

To generate a database of agencies conducting baseline surveys, impact assessments and social audits

To init iate a continuous onl ine registration process of implementing agencies and other agencies

To take concerted steps for the training and development of comprehensive skill enhancement of trusts / Societies / Section 8 companies / foundations / C S O s o p e r a t i n g w i t h i n I n d i a

To organise regular meets of NGOs /I m p l e m e n t i n g a g e n c i e s a n d c o r p o r a t e s o n n a t i o n a l a n d international levels

To facilitate the IAs to showcase their work

The Global Summit on Corporate Social Responsibility 2015 was organised by Indian Institute of Corporate Affairs, Indian Institute of Management, Raipur and National Law School of

th thIndia University, Bangalore on 15 and 16 May, 2015 at India International Centre, New Delhi. This event experienced a huge participation from India and abroad. The Global Summit had an inaugural, a valedictory, four plenary sessions and eight technical sessions. The call for paper was given in the month of December 2014 and around 250 papers were received. Out of this, 110 papers were shortlisted and presented at the Summit. Around 35 speakers, 110 paper presenters, around 25 NGOs and 50 Corporates attended this event. Mr. Prahlad Kakar, Dr. Ashish Kumar Chauhan, Padma Bhushan Bindeshwar Pathak, Ms. Rebecca Tava res , Mr. Lou is Georges A rsenau l t ,Dr. S. K. Nanda and Mr. Michiel Berkins were few of the luminaries out of the huge galaxy of the star speakers who graced the occasion by their presence.

Synergistic partnership between corporations, NGOs and the Government should also allow for greater transparency in the operations of all three agencies. Government data can help guide CSR agendas into needful areas. Corporations have experience making sure the projects are streamlined and cost� conservative and NGOs have experience and knowledge of marginalised and underserved areas of society as well as experience in operational transparency (some NGOs, in fact, directly target transparency as a goal). As such, if a symbiotic relationship can develop between corporations, NGOs and the Government, socially responsible programmes have a measurable impact faster and more efficiently than if there is less transparency and no trust. The present challenge is therefore to bring all the implementing agencies (IAs) under one umbrella and create a one stop-shop for good and reliable NGOs/IAs for corporate India. To facilitate corporates connect with good quality and well established Implementing agencies, IICA has set up a CSR Implementing Agency (IA) Hub. This would seek to meet the urgent requirement by corporates who would look out for trustworthy and reliable implementing agencies.

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LEARNING AND DEVELOPMENT Learning and Development (L&D) NFCSR in association with partner organisations of national repute and resource experts works towards knowledge dissemination and learning enhancement on Corporate Social Responsibility (CSR) in accordance with Section 135 of Companies Act, 2013 and rules made there under. The Ministry of Corporate Affairs makes update and changes in the regulations relating to CSR based on the need and feedback. It, therefore, raises a need for CSR professionals to be kept abreast to help corporates and Implementing Agencies to undertake CSR activities in compliance to these changes by the Ministry of Corporate Affairs

The Vertical has been dedicated towards upgrading the CSR knowledge base and disseminating the same through training programmes, advisory services, advocacy and knowledge products. There are two category of training programmes provided at IICA to cater to the growing needs of the CSR stakeholders:

1) The IICA Certificate Programme (ICP) is a 9 month online training programme covering all aspects of CSR and Sustainability – from global to Indian; theory, and practice. The programme includes an innovative 3 weeks corporate attachment & 12 weeks NGO project to give students hands on learning of CSR policy, strategy and implementation as per the new CSR legislation. The course is delivered through study centers of national repute from around the country and a number of contact classes are held along with online tests under the supervision of IICA certified trainers.

2) The Short Term Programme (STP) in CSR, of 2 to 5 days contact classes, is tailor made capacity building programme that provides customised development-centric knowledge that enables individuals and organisations create socio-economic value in the non-profit, public and private sectors.

The Vertical develops national academic content through in-house authors in collaboration with development sector experts. This content is regularly upgraded and made contemporary to reflect the ever evolving CSR narrative in the country as per Section 135 of the Companies Act, 2013. It is divided into 23 Chapters which comprises of global perspectives, definitions and case studies as well as the Indian agenda CSR under the new Act. CSR compendiums are also developed through stakeholder consultations on key sectors like education, health and skill development. These CSR c h a p t e r s / k n o w l e d g e p r o d u c t s / compendiums act as curriculum and reference material for both ICP and STP in CSR.

IICA Certificate Programme (ICP) in CSRThe pilot batch of ICP in CSR started in October, 2014 culminated with a three day placement facilitation and certificate award

th thceremony from 8 to 10 July, 2015 at IICA, Manesar. During the three days corporate houses and NGOs put up stalls and interviewed the participants for on campus placements. 170 candidates were awarded the cert ificate of I ICA Cert ified CSR Professional. In the subsequent months some of the candidates also secured placement in organisations like Avantha

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Foundation and CARE International. The second batch of ICP in CSR was launched

ston 1 February, 2016, with 130 candidates. Officials from top companies like ONGC, NTPC, Tata Capital, Titan, BHEL, IOCL, BEL, Mahindra etc. have been nominated for ICP in CSR course and there is growing demand of the same in the CSR capacity building market.

Executive Education - Short Term Programme (STP) in CSR, CSR Advisory & Eco-system tools: delivered through a Project Management Unit (PMU)

I ICA – STP in CSR is designed for professionals from different fields who can benefit from IICA's expertise in CSR. IICA works with various partner organisations to del iver the STP in CSR to prov ide c u s t o m i s e d d e v e l o p m e n t - c e n t r i c knowledge that would enable individuals and organisations create socio-economic value in the non-profit, public and private sectors. IICA - STP in CSR aims to enable learners to integrate CSR good practices into key business and socio- economic development areas through case studies, interactive discussions and analytical presentations. The programme also provides a greater understanding of how to mitigate negative impacts of business activities on the

environment and to identify opportunities that could simultaneously benefit the society and the organisation. The programme is designed to provide an insight of the key focus areas of CSR process flow, policy, strategy, implementation, monitoring, evaluation, accounting, audit, taxation and reporting as required by the new legislation. The programme is available for different seniority levels and at various locations across India. People enrolling into the programme are likely to emerge as game changers, imbued with the passion and ability to significantly contribute towards nation building.A Project Management Unit (PMU) was also set up under STP in CSR that is supported by IL&FS Academy for Applied Development (IAAD) with a dedicated team. The PMU focuses on action research, training need assessment, design and development of new and innovative capacity building programmes, content development, case study writing and the conduct of STP in CSR on a revenue sharing model with IAAD. It also supports ICP in CSR as a knowledge partner.

stConvocation of the ICP in CSR- 1 Batch

Group Picture of Participants with theTrainers at Scope Complex, New Delhi

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A number of STP in CSR were conducted during the year where about 150 officers from Corporates were trained. The participants were provided a 360 degree perspective of Indian CSR as per the new legislation – both theory and practice. The prominent ones amongst them were: Leadership Programme in CSR, New Delhi

rd thheld from 3 to 5 June, 2015 in partnership with Franklin Covey, Gurgaon. 35 candidates were trained and certified by IICA as Trainer (ICT) in CSR. This was strategically planned to develop a cadre of CSR trainers to take up capacity building across the country. Some of them were also engaged as visiting faculty for STP in CSR conducted by IICA.Coal India Limited (CIL) Management Trainee were provided capacity building through STP in CSR and Community Development, IICA Manesar. There were 4 batches catering to a total of 105 CIL officers. Each batch underwent about 24 days of training, out of which 7-8 days were dedicated to understanding of CSR including 1 full day of field visit to organisations like Maruti, Bharti Foundation, America India Foundation and Don Bosco. The 4 CIL batches were conducted from September, 2015 to March, 2016 at IICA campus, Manesar.Totality in Project Management and CSR

st thorganised from 1 to 5 February 2016 in partnership with International Institute of Projects & Programme Management (I2P2M), Noida. 13 officers from organisations like Power Grid, IOCL, Essar, ONGC, EIL etc. underwent 5 days training where 2 days was dedicated to understanding of CSR and 3 days for project management.

A series of 3 CSR Roundtables were conducted across the country in partnership with Sattva. These were held as follows-

thØ CSR and Skill Development – 12 June, 2015 - in association with Karve Institute, Pune

thØ CSR and Health – 19 October, 2015 - in

association with BRICS at New Delhi th

Ø CSR and Education – 15 December, 2015 – in association with Jagran Lakecity University, Bhopal The Roundtables were well attended and involved intense, technical discussions be tween gove r nment func t iona r i es , corporates, NGOs/implementation agencies, academic institutions etc. CSR Sammaan - Sammaan is a national flagship initiative designed and developed by Bombay Stock Exchange (BSE) and IICA, in partnership with Confederation of Indian Industry (CII). It is a platform that bridges the CSR accountability gap between corporations and implementation agencies (IA)/NGOs. The aim of Sammaan is to enable corporate houses to access credible NGOs to spend CSR funds and enhance transparency, visibility and social outcomes of their CSR initiatives.

The BSE Sammaan, through its website, facilitates corporate houses to partner screened IA/NGOs for taking up their CSR activities. IICA worked closely with the BSE and CII to help set up the technology platform and get it going. ICP and STP in CSR will also be collaborating with the BSE to further strengthen the process of impactful spending through Sammaan by including it as modules within the training curriculum.CSR INDEX - CSR Index, conceptualised by BSE and I ICA, proposes to deve lop quantifiable, objective parameters that can capture compliance to the CSR legislation and the impact of CSR activities for all companies l isted on the BSE. Based on this, a mathematical figure will be assigned to each such company. This figure will allow to c o m p a re C S R p e r f o r m a n c e a c ro s s companies, industries and sectors and to see if there is a business case to CSR that can evolve over a period of time. BSE, IICA and CII have formed an Advisory Committee to collaborate with various stakeholders to develop the CSR Index. It is proposed to later include non-BSE listed companies as well as part of the CSR Index.

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IICAAudited Accounts

2015-2016

Financials

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