Directors Orientation Programme

About the Programme

Ministry of Corporate Affairs (MCA), with the objectives of strengthening the Institution of Independent Directors and also to enhance its effectiveness by way of creating a pool of skilled professionals to act as Agents of Change, has developed a databank of Independent Directors along with Indian Institute of Corporate Affairs (IICA) with effect from December 02, 2019 in accordance with the provisions of the Companies Act, 2013.

Accordingly, any person who is willing to be appointed or is already an Independent Director is required to pass an ‘Online Proficiency Self-Assessment Test’ conducted by IICA with at least 50% marks.

Independent Director's Proficiency Test

As per Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020, every Independent Director and Aspiring Independent Director who have served as Director for less than 3 years is required to pass an Online Proficiency Self-Assessment Test.

The IICA is conducting the online test from March 01, 2020.

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Who Would Benefit

This course is designed for Independent executive and non - executive directors & CEOs, Company Chairman, Presidents, CFOs, Bankers, Chartered Accountants, Company Secretaries, Fund Managers, Management Analysts, Management Consultants, Academicians, Corporate Lawyers and Other Senior Executives, who are keen to serve on boards of Public Listed, Private, Government and not-for-profit Organizations.

Serving and aspiring non-executive and independent directors of boards.

Directors wanting to develop their knowledge and skills for clearing the examination.

To provide quick exposure on various topics covering the Companies Act, Corporate laws, financial literacy, independent directors, etc. in span of 2 half days.

To provide an understanding of the functioning and skills required for an independent director to be appointed on the board

Program Benefits

Upon completion of this course you will be able to

Highly Beneficial for participants who are looking to serve on the Board of Directors.

Cover all the topics that are relevant for the Independent Directors to help and qualify the online test in the first attempt.

Enhance your value and reputation on Boards & Strengthen your ability to secure directorship opportunities.

Synchronous and systematic learning by renowned speakers.

Provides in-depth knowledge & Learning beyond geographical barrier.

One year complimentary membership of Institute of Directors to non-members.

Certificate

On successful completion of the course, the "Certificate of Participation" from IOD will be awarded.

Course Module

The In-House training course offers a range of training modules relevant to Independent Directors for preparation with the latest regulatory requirements, global trends and practices.

Introduction to Independent Director's repository & Requirements of online proficiency self-assessment test.

This module will discuss about the creation and maintenance of databank of Independent Directors and the requirements of the online proficiency self-assessment test.

Companies Act, 2013 & SEBI (LODR) Regulations, 2015

This module will provide an overview of the important provisions of the Companies Act and SEBI LODR regulations which deals with the ways companies are incorporated, how it is managed by the board and the manner in which the board interacts with their stakeholders.

The Board’s legal Environment and Corporate Governance.

The module provides an essential understanding of the role, duties, legal responsibilities and liabilities of Directors and the working environment of a board.

Roles & Responsibilities of Independent Directors for Improving Corporate Credibility and Governance Standards.

This module covers the role, functions, rights, liabilities of Independent Directors who have become a very important part of Boardroom. It provides the understanding of nuances of this role, selection criteria, tenure and maximum no of Directorships.

Financial Literacy for Directors.

Financial Literacy is a key skill for any Director. This module provides an understanding of the statutory provisions, financial terms and concepts, financial statements, key accounting standards, source of finance and budgeting. The module will assist a director to further understand the role in evaluating the health of the organization including its liquidity position and solvency, key aspects of Mergers & Acquisitions, decision making and control and identifying early warning signs of financial failures.

Discussion on 'Mock test paper on Independent Directors Proficiency Test'

Course Fee

Virtual	Offline
Rs. 2.50 Lakh/- + 18% GST (SAC999293) (2 Days Programme)	Rs. 2 Lakh/- + 18% GST (SAC999293) (1 Day Programme)

Maximum number of participants per batch up-to 25

Disclaimer

IOD reserves the right to change Course Syllabus | Content | Faculty | Locations and Fees, or cancel a course for what so ever reason. If a participant fails to take part in the registered programme, his registration shall be cancelled and fee shall not be refunded.

Cancellation Policy

Participants who have already paid and registered for the programme, will be entitled to change the preferred location to attend the course to any convenient location, where the course is being conducted, within a year or a substitute delegate can be named before the program begins. No refund shall be made for cancellation.

Trained Directors Under the Masterclass

FAQ's

Ans. Ministry of Corporate Affairs has provided a platform to develop a databank of Independent directors by way of empanelment of existing Independent Directors as well as the professionals aspiring to become independent directors. Accordingly, any person who is willing to be appointed or is already an Independent Director is required to pass an ‘Online Proficiency Self-Assessment Test’ conducted by Indian Institute of Corporate Affairs (IICA) with at least 50% passing marks.

In order to assist you to pass the online test, Institute of Directors, the Knowledge Partner of IICA, is organizing ‘Orientation Programme for Independent Director’s Proficiency Test.

Ans. 2 Half days in case of Online/Virtual mode and 1 full day in case of physical classroom training

Ans. The registration fee for the programme includes one year Complimentary membership of IOD (to Non- members). However, if you would like to enroll for annual membership in advance, you will be entitled to get 15% discount on Orientation Programme for ID's Proficiency Self-Assessment Test by IOD.

Ans.

Register yourself with Ministry of Corporate affairs to get login credentials
Then, Login into the Databank at IICA
Go to the dashboard
Select the slot as per your convenience for attempting the test
Attempt the test as per the slot booked
Get test result and reports published
There is no limit on the number of attempts to pass the test

Ans. As of now the test certificate has no expiry date.

Ans. This programme is being conducted by eminent faculty comprising specialists and practitioners drawn from industry, government, academia, professionals and NGOs spread over all parts of the country.For details please visit the following link https://iodglobal.com/new-masterclass.html#faculty

Ans. As per Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020, every Independent Director and Aspiring Independent Director who have served as Director is required to pass an Online Proficiency Self-Assessment Test.

Ans. As per the explanation provided for Rule 6 (4) of the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019, there shall be no limit on the number of attempts an individual may take for passing the online proficiency self-assessment test.

Ans. As per the explanation provided for Rule 6 (4) of the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019 “an individual who has obtained a score of not less than fifty percent (50%) in aggregate in the online proficiency self-assessment test shall be deemed to have passed such test”.

Ans. Individuals not exempted are required to pass the online proficiency self-assessment test within 2 years of their inclusion of their name in the databank.