There is opportunity’ · Challenges faced by CS in whole time employment Downfall in economy Lack...
Transcript of There is opportunity’ · Challenges faced by CS in whole time employment Downfall in economy Lack...
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‘In the midst of Chaos,
There is opportunity’
-Sun Tsu
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வெள்ளத் தனைய இடும்னை அறிவுனையான்உள்ளத்தின் உள்ளக் வெடும்.
Translation:“A flood of troubles will be overcome by the thought which the minds of the wise will entertain, even in tough times.”
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ROLE OF A COMPANY SECRETARY
As an Employee
As an Advisor
As a Representor
• Compliance Officer
• Custodian of Corporate Governance
• Key Managerial Personnel
• Moderator between Board and Stakeholders
• Secretarial Audit• Corporate
restructuring• Implementer of
changing legal environment
• Appearance before
- NCLT- SEBI-Other Tribunals
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Challenges faced by CS in whole time employment
Downfall in economy
Lack of proper coordination from employees
Social Distancing- Hindrance to Audit
Losing job and monetary benefits
Relaxation/extensions given by Govt
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Challenges faced by CS in Practice
Lack of work from corporate clients
Decreased fund raising activity and no new project
Postponed Corporate Restructuring activities
Delays in filings
Closure of companies during Lockdown period
Relaxation in additional fee by Government
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Challenges faced by CS in teaching
Lack of Technical support to switch to online classes
Educational Institutions remains closed
Less prepared for the idea of online coaching
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Challenges faced by students who cleared in last attempt
Not possible to continue training and
be qualified
No new Job opportunity
Increased Competition
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Problems faced by CS Students
Lot of distractions
Non availability of physical classes and expensive online classes
Changes in Exam schedules
Constant updates in curriculum
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How challenges faced by CS differ from that of other professionals
To keep track with changing laws
Opportunities are confined to finance and law
Changes in compliance requirements
Lot of disciplinary regulations
Dealing with clients
Constant updating in knowledge and continuous training in relevant areas
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Possibilities in Pandemic
Role of CS in rebuilding economy
• Expanded Advisory role• Online teaching
opportunities• Developing innovative
approach• Designing new working
models• Following the regulatory
policies of Government• Organising / Scheduling
virtual meeting
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Measures taken by ICSI to overcome the challenges
Conducting Online Skill development workshops
Providing platform for knowledge sharing
Providing virtual learning facilities to students
Encouraging CS workforce by conducting online
programs with credit hours
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“ It is very challenging. But also, an amazing opportunity to unlearn, relearn and test our capabilities and value systems”
- Sudeep Ralhan,Walmart Labs.
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“Together we can, Together we will.”
Thank you!