विज्ञप्तियां उर्दू विज्ञप्तियां फोटो निमंत्रण लेख प्रत्यायन फीडबैक विज्ञप्तियां मंगाएं Search उन्नत खोज
RSS RSS
Quick Search
home Home
Releases Urdu Releases Photos Invitations Features Accreditation Feedback Subscribe Releases Advance Search
home  Printer friendly Page home  Email this page
English Release 25-July 2014
Date Month Year
  • President's Secretariat
  • President of India dedicates Rashtrapati Bhavan Museum to the Nation
  • President congratulates medal winners in Commonwealth Games
  • President of India’s message on the Occasion of Independence Day of Maldives
  • President of India to attend the Golden Jubilee Convocation of PT. Ravishankar Shukla University tomorrow
  • Min of Agriculture
  • Kharif Sowing Area Crosses 533 Lakh Hectare
  • Min of Chemicals and Fertilizers
  • Sez Abroad for Chemical Industry
  • Min of Commerce & Industry
  • Delhi- Mumbai Industrial Corridor Project
  • Agri Export Zones
  • Import of Solar Cells
  • Export of Processed/Value Added Agricultural Products
  • Validity Period of Industrial Licences
  • Export/Import of Fruits
  • Promotion of Agro-Processing SEZs
  • Export Target for Textile Products
  • Min of Consumer Affairs, Food & Public Distribution
  • Amendments Proposed to Make Hoarding Non-Bailable Offence
  • States Asked to Ensure Timely Payment of Sugarcane Dues to the Farmers
  • States Advised to Allow Free Movement of Fruits and Vegetables to Check Prices
  • Min of Corporate Affairs
  • Corporate Frauds
  • Cartelisation
  • Min of Defence
  • IAF ALH Helicopter Crashed
  • Stress Levels of Defence Personnel
  • Deployment of Troops by China in PoK
  • Compulsory Military Training
  • Shortage of Fighter Aircraft
  • Warship Construction Projects
  • Main Battle Tanks
  • Missile Launcher Projects
  • Modernisation of Navy
  • Attack on Fishermen
  • Depiction of Indian Territory in Map of China
  • Naval Ships and Submarines Accidents
  • Firing Ranges
  • Settlement in Border Areas
  • Firing Range at Tosamaidan Meadows
  • Domestic Production of Defence Equipment
  • Indigenous Civilian Aircraft
  • RIC at IIT, Chennai
  • Death of Soldiers in Siachen
  • Combat Exercises
  • Min of External Affairs
  • 5th India-US Strategic Dialogue
  • New Contact Details of MEA Control Room in view of the precarious security situation in Iraq
  • External Affairs Minister’s response to the points raised on Calling Attention Motion on ‘Situation arising out of Indians stranded in Iraq and steps taken by the Government in this regard’ in Lok Sabha
  • External Affairs Minister Smt. Sushma Swaraj’s Visit to Nepal from 25th to 27th of July
  • Ministry of Finance
  • Cost Based Study on Petroleum Products
  • Withdrawal of Currencies Issued Prior to 2005
  • Share of States in Central Tax Revenues
  • Representation of Bank and Insurance Employees
  • Participation of India in G-20 Summits
  • Fiscal Deficit and Subsidy Payment
  • National Skill Development Agency (NSDA)
  • Growth Rate Achieved by Agriculture, Manufacturing & Service Sector During 2013-14
  • Steps to Check Irregularities in Banking Activities in Rural Areas
  • C&AG of India Takes Over as Member of UN Board of Auditors
  • Min of Health and Family Welfare
  • Funds Under National Rural Health Mission (NRHM)
  • Guidelines on Vector-Borne Diseases
  • HIV/AIDS Patients
  • Funds for Medical Research
  • Hospitals and Bed Patient Ratio
  • International Cooperation on Health
  • Allocation for CGHS Unani
  • Virology Institutes
  • Additional Seats for Medical and Dental Colleges in the States of Andhra Pradesh and Telangana
  • Cases of Blindness
  • No Shortage of Vaccines Universal Immunization Programme
  • Ban of Endosulfan
  • Supply of Medicines to CGHS Beneficiaries
  • Trauma Care Facilities
  • Arbitrary Rates for Medical Treatment
  • Polio Free Nation
  • Cases of Thalassemia
  • Quality of Sanitary Napkins
  • Cases of Paralysis
  • Registration of Medical Practitioners
  • Cases of Heart Diseases
  • Expenditure on Health Sector
  • Medi-Claim Policy
  • Disposal of Medical Waste
  • Migration of Health Professionals
  • Dental Colleges
  • Corruption in Indian Medical System
  • Min of Home Affairs
  • National Foundation for Communal Harmony to host Music Concert
  • Min of Minority Affairs
  • Union Minister of Minority Affairs, Dr. Najma Heptulla Meets un Officials
  • Min of Personnel, Public Grievances & Pensions
  • National Defence Academy and Naval Academy Examination (I), 2014 – Declaration of Written Result
  • Min of Petroleum & Natural Gas
  • British delegation meets the Petroleum Minister to discuss enhancement of cooperation between the two countries
  • Production Performance of Oil & Natural Gas Sector for the month of June, 2014
  • Global crude oil price of Indian Basket increased to US$ 105.93 per bbl on 24.07.2014
  • Ministry of Railways
  • 29 Premium Trains Introduced by Indian Railways During April to June 2014-15
  • Bogibeel Rail-Cum-Road Bridge Project Targeted for Completion by March 2017
  • Railways Provide Battery Operated Vehicle at Some of Major Stations for Disabled & Old Aged Passengers
  • 2230 Touts Charge Sheeted by Railways for Ticket Black Marketing During March’13 to April’14
  • Railways Identify Nine Corridors for Running Semi High Speed Trains
  • Min of Road Transport & Highways
  • Shri Nitin Gadkari inspects Delhi Jaipur Highway
  • Min of Statistics & Programme Implementation
  • Monitoring of Central Projects
  • Evaluation of MPLAD Scheme
  • Per Capita Income
  • Min of Textiles
  • Rejuvenation of Silk Industry of Bhagalpur
  • Safeguarding Interests of Muga Silk Farmers of Assam
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on July 24, 2014
  • Min of Women and Child Development
  • Multi-Sectoral Nutrition Programme Covering Children, Adolescent Girls & Women Launched in 200 Districts
  • NIPCCD to have two new regional centres
  • Min of Youth Affairs & Sports
  • Performance of Indian Athletes at Commonwealth Games, Glasgow - 2014 on 24th July, 2014
  • Planning Commission
  • Innovation

Previous Date

 
Ministry of Corporate Affairs12-September, 2012 15:43 IST
Dr. M. Veerappa Moily Launches a Legal Compliance Manual Aimed at Increasing Compliance among Companies

 

              Union  Corporate Affairs Minister Dr. M. Veerappa Moily today launched a Legal Compliance Manual (LCM) here in New Delhi. The objective of this manual is to ensure the compliance of Central and State Laws and follow the norms of good Corporate Governance. The LCM is jointly developed by the Indian Institute of Corporate Affairs (IICA) in association with Intel Technology India Pvt. Ltd (Intel India). This Legal Compliance Manual (LCM) will be available on IICA website, and could be used as a Reference Manual to help organizations remain compliant with applicable laws.

              The Minister also released a compendium titled State of Corporate Governance in India- Policies to Reality” on this occasion. To compile this compendium the IICA had collaborated with the Thought Arbitrage Research Institute (TARI) and Indian Institute of Management, Calcutta (IIMC) had in 2011 for a collaborative arrangement to conduct a comprehensive study on the state of Corporate Governance in India covering four fundamental aspects of governance in India using quantitative and empirical research techniques.

              Speaking on the occasion Dr. Moily said the concept of corporate governance is at a threshold in our nation where norms require a constant state of refinement to build a balance between voluntary and mandatory approaches. In an uncertain global scenario, it becomes pivotal to have a robust legal and compliance framework. The minister hoped that this initiative will provide a platform to small & large organizations to understand the importance of compliance and the significant role it plays in both strategic plans as well as their service quality. He applauded IICA and Intel India for this innovative approach.

              The comprehensive Legal Compliance Manual is divided into key areas of business. Keeping in mind, the complex set of laws a business has to comply with at Central and State  government level, the LCM can be used as a reference guide to  solve 4 of the 5 impediments to compliance identified by IICA; the high risk of noncompliance, lack of knowledge of the laws, lack of systems within enterprises to monitor legal compliance, perception of compliance as an unnecessary burden and lack of uniform enforcement. This is a highly innovative Project consisting of numerous compliance obligations organized into chapters and states for easy reference for first time users. This is also the first time a multinational corporation like Intel has taken its own internal compliance framework and developed a generic version for public use.

              The compendium, ”State of Corporate Governance in India- Policies to Reality” has extensively used empirical and quantitative data of over 5-7 years, which was supplemented by qualitative inputs, interviews and consultations.

              The initial results were discussed in a comprehensive stakeholder consultation held in Delhi and hosted on the IICA website for over 3 months for public comments. The findings were subject to peer review by eminent experts, scholars and practitioners.

              Corporate governance rules and mechanisms as they stand today in India has its genesis in the Anglo-Saxon model, which may not be wholly suited to Indian conditions. This series of papers analyses empirical data to test hypotheses on various topics of corporate governance and  aims to contribute to improving the quality of business and regulatory decisions by basing them on researched facts rather than on anecdotal narratives. The study has 5 papers.

·         Paper  1: Corporate Governance in India: Tracing the journey

·         Paper 2: Effectiveness of RBI as a gatekeepers of corporate governance

·         Paper 3: Effective ness of SEBI as a gatekeeper

·         Paper 4: Auditors as gate keepers of Corporate Governance

·         Paper 5: Relationship between earnings management and corporate governance characteristics in the Indian context

 

              The results give sufficient grounds to believe that Indian Companies with better corporate governance characteristics as shown above would have lesser incentives for earnings management, thus strengthening the case for implementation of robust corporate governance norms.

              IICA has been established by the Ministry of Corporate Affairs   for capacity building and training in various subjects and matters relevant to corporate regulation and governance such as corporate and competition law, accounting and auditing issues, compliance management, corporate governance, business sustainability through environmental sensitivity and social responsibility, e-Governance and enforcement etc.

*****

              ST/-


(Release ID :87708)

Web Ratana This site is winner of Platinum Icon for 'Outstanding Web Content' Web Ratna Award'09 presented in April 2010
Site is designed and hosted by National Informatics Centre (NIC),Information is provided and updated by Press Information Bureau
"A" - Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi - 110 001 Phone 23389338
Go Top Top

उपयोग संबंधी शर्तें स्वोत्वाधिकार नीति गोपनीयता संबंधी नीति हाइपरलिंकिंग नीति Terms of Use Copyright Policy Privacy Policy Hyperlinking Policy