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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


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


Development in past 2 decades

Mobile Telephony & Internet

Online Banking

E – Commerce


Development in past 2 decades

National E – Governance Plan

MCA21


Internal Challenges


More Focus on legal recognition

Limited Professional Development

No Mega firm of CS

Internal Challenges

Lack of Entrepreneurial Skills

Lack of Self Confidence


Present way of working

  • Procedure Works

  • Strategy

  • Problem Solving

  • Corporate Planning


Regulatory shift towards technology


Regulatory shift towards technology


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


Companies Act, 2013 focus towards Information Technology


Technological move in Companies Act, 2013

Video Conferencing

E Voting

E Registry

Legal Compliant Website

E Recording


Technological move in Companies Act, 2013


Competitive Challenges


Competitive Challenges


What brings this Shift


Globalization


Globalization


Technological Advancement


  • E Commerce wiping out middleman

  • Made the things more convenient for professionals

  • Capital & Technology replacing Labor

  • Consolidation of Market Players

Technological Advancement


Social Media

Technological Advancement


Software / Information web portal

Technological Advancement

Many More……


Apps

Technological Advancement

Notability

Bookmyshow

Google map

Photomania

Business Card Manager Lite

Bhagavad Geeta

Many More……


Private Initiatives


Use of Technology to equip yourself


How learning process is evolving – Companies Act, 2013


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


Will Technology take away our work?


TECHNOLOGYTRANSFORMATIONwill not be WORK DESTROYER rather will be a WORK CREATOR


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


Transformation from

Stock Market – Out-Cry-System


Transformation from

Physical Share Certificates to Demated shares


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


MCA21 : Paper based operations to paper less environment


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


…..


E – Commerce Market Place in India

INR 2000 Cr

INR 42,000 Cr


E – Commerce Market Place in India

USD 20 Billion


MCA21 : 2nd Phase


Nothing is permanent in TECHNOLOGY except CHANGE………


Use Technology to Beat Technology


Knowledge Enhancement


Showcasing your experience


Business Development

E - Networking


Business Management

Virtual Database Management


Change of work Scenario By using Technology

  • Procedure Works

  • Strategy

  • Problem Solving

  • Corporate Planning


Strategy to beat challenges


What you should do

Focus on areas where Computers can’t enter


What you should do

Venturing unexplored areas


What you should do

Diversification into new segments


What you should do

Change in mindset


But

What you should do

You can't do everything alone?


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


Knowledge

+

Success Mantra

C–Commerce

+

IT

=

Success


Whether Professionals can grasp such changes??

“THE SURVIVAL MANTRA”

Learn, Unlearn & Relearn

Success Mantra


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


“Things will never be the same…..

So change the future before future changes you”

Success Mantra


Pavan Kumar Vijay

Past President, ICSI

Managing Director, Corporate Professionals Capital Pvt. Ltd.


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