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

2. You can't expect to meet the CHALLENGES of today with YESTERDAY'S TOOLS and expect to be in BUSINESS TOMORROW.

3. Development in past 2 decades Mobile Telephony & Internet Online Banking E – Commerce

4. Development in past 2 decades National E – Governance Plan MCA21

5. Internal Challenges

6. More Focus on legal recognition Limited Professional Development Lack of Entrepreneurial Skills Lack of Self Confidence No Mega firm of CS

7. Present way of working  Strategy  Problem Solving  Corporate Planning  Procedure Works

8. Regulatory shift towards technology

9. Towards Simplicity Self Governance E - Governance

10. Government Initiatives Fully integrated National E – Governance system by 2019 Aadhaar and National Citizen ID by 2017 E - Stamping DIPP e-Biz by 31 st December 2014 Extensive use of Cloud ERP software by 2017 Broadband highway and Digital India Broadband highway and Digital India

11. Companies Act, 2013 focus towards Information Technology

12. Technological move in Companies Act, 2013 E Voting Video Conferencing E Registry Legal Compliant Website E Recording

13. Technological move in Companies Act, 2013 Terms used in Companies Act, 2013Count Electronic Form (e-form)84 Electronic Mail76 Information to be put on website(s)51 Electronic Mode40 Electronic Means26 Video Conferencing21 Audio Visual Means20 Electronic Record19 Electronic Registry12 Voting by electronic means and electronic voting system9

14. Competitive Challenges

15. Global Competition CS, CA & CMA competing for same compliance services Private institutions getting recognition - CFA Private University becoming deemed university

16. What brings this Shift

17. Globalization

18. Free and fair trade and vanishing Economics Boundaries UN, WTO, WB, IMF, OECD, ADB and ICC are standardizing rules for international trade Single law for trade and commerce

19. Technological Advancement

20.  E Commerce wiping out middleman  Made the things more convenient for professionals  Capital & Technology replacing Labor  Consolidation of Market Players

21. Technological Advancement Social Media

22. Technological Advancement Software / Information web portal Many More……

23. Technological Advancement Apps Many More…… Notability Business Card Manager Lite Photomania BookmyshowGoogle map Bhagavad Geeta

24. Private Initiatives

25. Use of Technology to equip yourself

26. How learning process is evolving – Companies Act, 2013

27. How learning process is evolving – New Companies Act, 2013 New Law Act / Rules / Forms / Circulars / Notifications Query E – Books / Groups / Updates Procedure Software Future Present Strategy and Planning

28. Will Technology take away our work?

29. TECHNOLOGY TRANSFORMATION will not be WORK DESTROYER rather will be a WORK CREATOR

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

31. Transformation from Stock Market – Out-Cry-System

32. Transformation from Physical Share Certificates to Demated shares

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

34. MCA21 : Paper based operations to paper less environment

35. Out of Total 14 Lacs Companies incorporated in India, near to 6 Lacs Companies incorporated in last 8 years over 100 Years and 8 Years Time PeriodNo. of Companies Incorporated in India Over 100 Years till 2006795527 Last 8 Years574546

36. …..

37. INR 2000 Cr INR 42,000 Cr E – Commerce Market Place in India

38. USD 20 Billion E – Commerce Market Place in India

39. MCA21 : 2 nd Phase

40. Nothing is permanent in TECHNOLOGY except CHANGE ………

41. Use Technology to Beat Technology

42. Knowledge Enhancement

43. Showcasing your experience

44. Business Development E - Networking

45. Business Management Virtual Database Management

46. Change of work Scenario By using Technology  Procedure Works  Strategy  Problem Solving  Corporate Planning

47. Strategy to beat challenges

48. What you should do Focus on areas where Computers can’t enter

49. What you should do Venturing unexplored areas

50. What you should do Diversification into new segments

51. What you should do Change in mindset

52. What you should do You can't do everything alone? But

53. Quality of Service Corporate Laws Economic Laws Taxation Laws WTO & IPR International Trade Law Management Consulting Finance and Accounting Commerce Brand Synergy Infrastructure Synergy Capital Synergy Collaborative Commerce Single Window Interface Knowledge Synergy Global Presence Growing Revenues Growing Customers Growing Nations CS + CA + CWA + MBA + LLB So share business opportunities through tie-ups and synergize through C - COMMERCE

54. Success Mantra Knowledge + = C–Commerce IT Success +

55. Success Mantra Whether Professionals can grasp such changes?? “THE SURVIVAL MANTRA” Learn, Unlearn & Relearn

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

57. Success Mantra “Things will never be the same….. So change the future before future changes you”

58. Pavan Kumar Vijay Past President, ICSI Managing Director, Corporate Professionals Capital Pvt. Ltd.