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Induction Training Programme for ICLS Probationary officers

The ICLS Academy, located at Manesar Campus of Indian Institute of Corporate Affairs(IICA), has been entrusted with the responsibility for conducting the Induction Training for the Probationary Officers (POs) belonging to the Indian Corporate Law Service (ICLS). The POs of ICLS, recruited through the Civil Services Examination conducted by UPSC, join ICLS Academy every year in December after completion of three months Foundation course at other Academies. Presently, the duration of the Induction Training is for 10 months. The POs are posted in the different offices of the Ministry of Corporate Affairs on completion of their Induction Training.

 

Programme Objectives

The induction training has been designed so as to provide requisite expertise in Corporate laws and a basic understanding of all related subjects. The induction training enables the Probationary officers to acquire the knowledge and skills they need to perform their duties effectively and efficiently as corporate regulators. The training seeks to achieve the following objectives:

  • To enable the POs to understand the strategic vision and objectives of the Ministry of Corporate Affairs
  • To enable the POs to understand the emerging trends in corporate governance
  • To impart in depth knowledge in the Companies act, 1956, LLP Act 2008 and allied corporate laws
  • To impart a working knowledge of other relevant laws, accounting and financial management, office administration, and communication and interpersonal skills
  • To provide technical knowledge in the field of Information Technology, with specific reference to the use of MCA-21 and Digital Forensic and Information Security
  • To enable them to understand the broad feature of public policy formulation and also to enable them to understand the ways and means of performing administrative functions expected to be performed by them
  • To inculcate the spirit of excellence and professionalism in their performance and conduct, to instil values of personal and professional integrity and high degree of probity in public life

Programme Structure

The main areas of work in the Indian Corporate Law Service (ICLS) relate to enforcement and regulation of laws relating to companies including the Companies Act, 1956 and the Limited Liability Partnership Act, 2008. Keeping in view the requirements of the jobs to be performed by the ICLS officers, the level of understanding of different subjects that will be covered in the training programme has been categorised as:-

-- basic understanding
-- functional/working knowledge
-- expert knowledge i.e. in depth understanding

The training is proposed to be divided in to three phases which will be a combination of classroom teaching and on the job field training. The duration of each of the three phases can be modified depending on requirement. 1st and 3rd phases of classroom teaching will be conducted at the IICA premises. In the second phase the POs will be attached for their field training to the offices of Registrars of Companies, Official Liquidators, Regional Directors, Registrar of Limited Liability Partnership, Company Law Board, Serious Frauds Investigation Office and Ministry of Corporate Affairs.
The Induction training is imparted in three phases as per details given below:-

1st phase – Classroom teaching at IICA, Manesar - 4½ months – Mid December to April

2nd phase – Field Training at the offices of ROC, OL and RD - 3 months – May to July

3rd phase – Class room teaching at IICA, Manesar and Study Tour (Bharat Darshan) of 21 days - 2½ months – August to October.

 

Teaching Methodology

The teaching methodology will be such as to create a learning environment in which the active participation and involvement of the trainees is maximized. The methodology will be a combination of classroom teaching, group discussions, case studies, project work and assignments. In addition to classroom lectures, techniques like role play, moot courts and presentations will also be used. The mode of classroom teaching too will be interactive. There will be a 'Guest Lecture' series, wherein eminent scholars and accomplished personalities from different walks of life will be invited to speak on topical subjects.

Assignments:

To facilitate independent thinking and development of research capabilities, the POs will be required to submit a total of 4/5 projects/written assignments – 2/3 each in the 1st and the 3rd phases – on any topic of their choice or from the sample list to be provided by the institute. These projects will be part of the evaluation. Sufficient time will be allocated on a weekly basis for purposes of research and writing of assignments/projects. Apart from individual projects, there will be group exercises which are meant to develop analytical skills and team-work among the POs. For this, groups of 3 to 4 POs will be formed and each group would be required to make an in-depth study on a chosen topic and furnish a written report under the guidance and supervision of designated faculty members. The report will be followed by a full presentation before the class.

Faculty:

A core faculty of persons having expertise in corporate laws, other laws, finance, economics, human resource management and information technology will be assisted by persons invited as guest faculty.

Study material:

Study material specially prepared at IICA with the help of experts and professional institutes will be made available to the POs. Text books, reference books and research papers will be made available in the library of the Institute for detailed research.

Timings

A working day will usually commence at 9.30 am and conclude at 4.15 pm, and will consist of 5 contact hours/sessions – 3 sessions before lunch and 2 sessions after lunch. Thus a week of 5 working days shall comprise of a total of 25 contact hours/sessions.

Evaluation

Evaluation will be based on continuous assessment and term-end written exams, in the ratio of 60 percent and 40 percent respectively. Continuous assessment will be on the basis of assignments, attendance, participation, group activities and other similar criteria. Term-end written exams will be conducted at the end of the 1st and 3rd phases.
The Induction training is imparted in three phases as per details given below:-

1st phase – Classroom teaching at IICA, Manesar - 4½ months – Mid December to April

2nd phase – Field Training at the offices of ROC, OL and RD - 3 months – May to July

3rd phase – Class room teaching at IICA, Manesar and Study Tour (Bharat Darshan) of 21 days - 2½ months – August to October.

Mid Career Reorientation programmes on company law for ICLS officers :

There are about 291 officers in Ministry of Corporate Affairs serving across the country. These officers are working as Director General, Director Investigation & Inspection, Joint Director, Dy. Director, and Assistant Director in the Ministry of Corporate Affairs. In the office of RD there are posts of Regional Director, Joint Director, Dy. Director, and Assistant Director. In the offices of ROC the structure is consists of Registrar of Companies, Dy. Registrar of Companies, Assistant Registrar of Companies. Likewise in OL offices there are posts as Official Liquidator, Dy. Official Liquidator and Assistant Official Liquidator. The Academy is conducting orientation & training programmes for these officers range from 1 to 5 days to focus on specific professional knowledge and skill areas. The main thrust of the training is on Companies Law, Registry function, Regulation and enforcement of Company Law, Inspection & Investigation under Companies Act, 2013, E-governance in company regulations, Corporate management & Governance, Technical Scrutiny, Balance Sheet & Profit & Loss Accounts of Companies, Merger & amalgamation of Companies, Winding up of Companies. Four such training programmes are being conducted in each year i.e. one in every quarter.

Programmes for Staff of group ‘B’ official of field offices: :

The Academy also conducts orientation and training programmes for subordinate cadres currently serving across India as part of the field organization of the Ministry of Corporate Affairs. As per revised Recruitment Rules, it is mandatory for all Senior Technical Assistants (STAs) to go through one month (20 working days) training at ICLS Academy, IICA at Manesar. Four such training programmes are being conducted in each year i.e. one in every quarter. The main thrust of the training is on Corporate laws, Registry function, Regulation and enforcement of Company Law, Inspection & Investigation under Companies Act, 2013, E-governance in company regulations, Corporate management & Governance, Technical Scrutiny, Balance Sheet & Profit & Loss Accounts of Companies, Merger & amalgamation of Companies, Winding up of Companies etc.

Programmes for the Officers/officials in the offices of the Official Liquidator:- :

There are 23 offices of Official Liquidators (OL) who look after the work of winding up of companies under Companies Act, 2013. The Official Liquidators function under control & direction of various High Courts. There are OLs, Deputy OLs and Asstt. OLs in various OL offices. Since offices of Official Liquidator works under the supervision of High Courts and OLs/DOLs/AOLs have to attend courts. The staffs of OL offices require training to make them familiarize with the procedure of winding up of companies under Companies Act, 2013. The Academy is conducting several programmes on subjects related to winding up of companies under Companies Act, 2013, Role of liquidators in winding up of companies, recovery of dues from contributories, fraudulent preference, Records/data report to be kept by OL, liquidation accounts Rules, inventory of assets and records etc., maintenance of register as per Rule 286 of Company Court Rules, Maintenance of control Cash Book and tally, valuation of assets etc. Four such training programmes are being conducted in each year i.e. one in every quarter.