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Technology : Challenges & Opportunities for Company Secretaries August 21, 2014 PowerPoint PPT Presentation


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Technology : Challenges & Opportunities for Company Secretaries August 21, 2014. You can't expect to meet the CHALLENGES of today with YESTERDAY'S TOOLS and expect to be in BUSINESS TOMORROW. Development in past 2 decades. Mobile Telephony & Internet. Online Banking. E – Commerce.

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Technology : Challenges & Opportunities for Company Secretaries August 21, 2014

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Technology challenges opportunities for company secretaries august 21 2014

Technology: Challenges & Opportunities

for

Company Secretaries

August 21, 2014


Technology challenges opportunities for company secretaries august 21 2014

You can't expect to meet the CHALLENGESof today with YESTERDAY'S TOOLSand expect to be in BUSINESS TOMORROW.


Technology challenges opportunities for company secretaries august 21 2014

Development in past 2 decades

Mobile Telephony & Internet

Online Banking

E – Commerce


Technology challenges opportunities for company secretaries august 21 2014

Development in past 2 decades

National E – Governance Plan

MCA21


Technology challenges opportunities for company secretaries august 21 2014

Internal Challenges


Technology challenges opportunities for company secretaries august 21 2014

More Focus on legal recognition

Limited Professional Development

No Mega firm of CS

Internal Challenges

Lack of Entrepreneurial Skills

Lack of Self Confidence


Technology challenges opportunities for company secretaries august 21 2014

Present way of working

  • Procedure Works

  • Strategy

  • Problem Solving

  • Corporate Planning


Technology challenges opportunities for company secretaries august 21 2014

Regulatory shift towards technology


Technology challenges opportunities for company secretaries august 21 2014

Regulatory shift towards technology


Technology challenges opportunities for company secretaries august 21 2014

DIPP e-Biz by 31st December 2014

Aadhaarand National Citizen ID by 2017

Government Initiatives

Broadband highway

and

Digital India

E - Stamping

Government Initiatives

Extensive use of Cloud ERP software by 2017

Fully integrated National E – Governance system by 2019


Technology challenges opportunities for company secretaries august 21 2014

Companies Act, 2013 focus towards Information Technology


Technology challenges opportunities for company secretaries august 21 2014

Technological move in Companies Act, 2013

Video Conferencing

E Voting

E Registry

Legal Compliant Website

E Recording


Technology challenges opportunities for company secretaries august 21 2014

Technological move in Companies Act, 2013


Technology challenges opportunities for company secretaries august 21 2014

Competitive Challenges


Technology challenges opportunities for company secretaries august 21 2014

Competitive Challenges


Technology challenges opportunities for company secretaries august 21 2014

What brings this Shift


Technology challenges opportunities for company secretaries august 21 2014

Globalization


Technology challenges opportunities for company secretaries august 21 2014

Globalization


Technology challenges opportunities for company secretaries august 21 2014

Technological Advancement


Technology challenges opportunities for company secretaries august 21 2014

  • E Commerce wiping out middleman

  • Made the things more convenient for professionals

  • Capital & Technology replacing Labor

  • Consolidation of Market Players

Technological Advancement


Technology challenges opportunities for company secretaries august 21 2014

Social Media

Technological Advancement


Technology challenges opportunities for company secretaries august 21 2014

Software / Information web portal

Technological Advancement

Many More……


Technology challenges opportunities for company secretaries august 21 2014

Apps

Technological Advancement

Notability

Bookmyshow

Google map

Photomania

Business Card Manager Lite

Bhagavad Geeta

Many More……


Technology challenges opportunities for company secretaries august 21 2014

Private Initiatives


Technology challenges opportunities for company secretaries august 21 2014

Use of Technology to equip yourself


Technology challenges opportunities for company secretaries august 21 2014

How learning process is evolving – Companies Act, 2013


Technology challenges opportunities for company secretaries august 21 2014

How learning process is evolving –

New Companies Act, 2013

Present

Future

Strategy

and

Planning

Procedure

Query

Software

New Law

Act / Rules / Forms / Circulars / Notifications

E – Books / Groups / Updates


Technology challenges opportunities for company secretaries august 21 2014

Will Technology take away our work?


Technology challenges opportunities for company secretaries august 21 2014

TECHNOLOGYTRANSFORMATIONwill not be WORK DESTROYER rather will be a WORK CREATOR


Technology challenges opportunities for company secretaries august 21 2014

TRANSFORMATION is a part of life and has brought fabulous growth in the past…..


Technology challenges opportunities for company secretaries august 21 2014

Transformation from

Stock Market – Out-Cry-System


Technology challenges opportunities for company secretaries august 21 2014

Transformation from

Physical Share Certificates to Demated shares


Technology challenges opportunities for company secretaries august 21 2014

Growth of 613% in Turnover of BSE and NSE observed in last 15 years


Technology challenges opportunities for company secretaries august 21 2014

MCA21 : Paper based operations to paper less environment


Technology challenges opportunities for company secretaries august 21 2014

over 100 Years and 8 Years

Out of Total 14 Lacs Companies incorporated in India, near to 6 Lacs Companies incorporated in last 8 years


Technology challenges opportunities for company secretaries august 21 2014

…..


Technology challenges opportunities for company secretaries august 21 2014

E – Commerce Market Place in India

INR 2000 Cr

INR 42,000 Cr


Technology challenges opportunities for company secretaries august 21 2014

E – Commerce Market Place in India

USD 20 Billion


Technology challenges opportunities for company secretaries august 21 2014

MCA21 : 2nd Phase


Technology challenges opportunities for company secretaries august 21 2014

Nothing is permanent in TECHNOLOGY except CHANGE………


Technology challenges opportunities for company secretaries august 21 2014

Use Technology to Beat Technology


Technology challenges opportunities for company secretaries august 21 2014

Knowledge Enhancement


Technology challenges opportunities for company secretaries august 21 2014

Showcasing your experience


Technology challenges opportunities for company secretaries august 21 2014

Business Development

E - Networking


Technology challenges opportunities for company secretaries august 21 2014

Business Management

Virtual Database Management


Technology challenges opportunities for company secretaries august 21 2014

Change of work Scenario By using Technology

  • Procedure Works

  • Strategy

  • Problem Solving

  • Corporate Planning


Technology challenges opportunities for company secretaries august 21 2014

Strategy to beat challenges


Technology challenges opportunities for company secretaries august 21 2014

What you should do

Focus on areas where Computers can’t enter


Technology challenges opportunities for company secretaries august 21 2014

What you should do

Venturing unexplored areas


Technology challenges opportunities for company secretaries august 21 2014

What you should do

Diversification into new segments


Technology challenges opportunities for company secretaries august 21 2014

What you should do

Change in mindset


Technology challenges opportunities for company secretaries august 21 2014

But

What you should do

You can't do everything alone?


Technology challenges opportunities for company secretaries august 21 2014

So share business opportunities through tie-ups and synergize through C - COMMERCE

Corporate

Laws

Economic

Laws

Taxation

Laws

WTO & IPR

International

Trade Law

Management

Consulting

Finance and

Accounting

Brand

Synergy

Quality

of

Service

Growing Revenues

Knowledge

Synergy

Single

Window

Interface

Growing Customers

Global

Presence

Infrastructure

Synergy

Capital

Synergy

Growing Nations

Commerce

CS + CA + CWA + MBA + LLB

Collaborative Commerce


Technology challenges opportunities for company secretaries august 21 2014

Knowledge

+

Success Mantra

C–Commerce

+

IT

=

Success


Technology challenges opportunities for company secretaries august 21 2014

Whether Professionals can grasp such changes??

“THE SURVIVAL MANTRA”

Learn, Unlearn & Relearn

Success Mantra


Technology challenges opportunities for company secretaries august 21 2014

“The combination of HARD WORK and SMART WORK is EFFICIENT WORK”


Technology challenges opportunities for company secretaries august 21 2014

“Things will never be the same…..

So change the future before future changes you”

Success Mantra


Technology challenges opportunities for company secretaries august 21 2014

Pavan Kumar Vijay

Past President, ICSI

Managing Director, Corporate Professionals Capital Pvt. Ltd.


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