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Pavan Kumar Vijay
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Managing Director - Corporate Professionals Group | Chairman - National M&A Council of Assocham | Trustee - Consumer Education & Research Center Ahmedabad (CERC) | Past President - Institute of Company Secretaries of India
Managing Director - Corporate Professionals Group | Chairman - National M&A Council of Assocham | Trustee - Consumer Education & Research Center Ahmedabad (CERC) | Past President - Institute of Company Secretaries of India

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Being the Chairman of M&A Council of ASSOCHAM, I am enjoying the intense interactions and discussions during recent conferences on Companies Act 2013. Today I am here at National Conference on ‘New Mergers & Acquisitions Era under the Companies Act, 2013 (Regulatory and Industry Perspective)’. Delegates and Participants from various Industries and Regulatory bodies are dissecting the law, its technicalities and its impact on M&A procedures, sharing their apprehensions and exchanging their views in the light of emergence of new agencies like NCLT.

In the new Company Law, several agencies have been delegated with different kinds of power to monitor that fair practices are being adopted by Industry as well as Professionals and to enforce the rules when there is a clue or proof of fraudulent activities.

These agencies have been assigned and entrusted with enormous task to implement the objectives of New Company Law i.e. Investor Protection, Empowerment of small shareholders, Compliance of law by directors and auditors, Corporate Governance etc. To achieve these objectives, these agencies have to set up robust internal controls to identify, prevent and report fraud and build IT infrastructure for monitoring purpose.

To compete and grow in the era of IT driven Multi-national Companies, it is necessary to establish an environment where businesses are self-governed, investors’ money is fully protected and Corporates and Professionals adapt fair practices

ASSOCHAM being a premier association of Indian Industries has taken the role to inculcate knowledge of law and norms of the land to Professionals and Corporates. Since last year, it has started to organize many conferences related to Companies Act 2013 so that all Business houses and Professionals become well versed with the purpose and aim of new law.
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Today I have elaborated on my thoughts in support for #CSR for “Conserving and Protecting the Environment – Respect for Coming Generation” in a Round Table Discussion on GOVERNANCE THROUGH CSR – INDISPENSABLE PART OF CORPORATE DNA organized by Neeti Foundation and CIMSME.

With the development of mankind and fast pace growth in industrial progression, the most ignored thing what comes in mind is Environment. Every industrial unit, in the course of its life uses, or we can say, abuses every natural resources like Land, Water, Air, Oil, Minerals, Trees and what not.

The level of pollution has grown to alarming levels, water in rivers- which are regarded as Holy in our country- has contaminated with poisonous industrial waste, immeasurable acres of land turned barren and if we go in more detail, the situation is unthinkably terrible.

What will happen of to next generation? Imagine a life without clean water, breathable air, arable land, heaps of waste everywhere and many such depraved essential needs of humankind!

So Corporate Social Responsibility practices by Corporate are imperative for the wellness of future generation. Every industry or business should constantly make honest efforts to imbibe the idea as well as regulatory provisions of CSR. All should attempt established and innovative progressive practices so that pollution levels of water and air decreases, hazardous industrial waste is taken care of, consumption of natural resources like water, air, oil, minerals be well-optimized.

Good CSR practices also showcase the efficiency and modernization of industrial and business processes of a Corporate Entity. Every industry or business should constantly make honest efforts to imbibe the idea as well as regulatory provisions of CSR.  It shows commitment for the society and regards for the coming generation.
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I have in the past 1 year attended many conferences on Companies act 2013. In the professional community, there is huge curiosity on the provisions of companies act 2013 and their implications on Corporate Sector. Interactions with attendees everytime help me to think upon in a new way and inspire to re-analyse the sections of new company law.

Today I am the guest of honour of such a program, joint conference ICSI & CKF on " Governance, Risk Management & Cimpliances" at Pllazio Hotel, Gurgaon.

Keeping in view technological advancement, changes in business practices, socio-economic environment and to curb corporate frauds, new company law has inducted strict governance and compliances norms.

We are privileged to see the birth and subsequent growth of Companies Act, 2013 and define the legality and applicability of the law. The responsibility to apply and comply with the law falls on the shoulders of we professionals working in the corporate sector or practicing.
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Impeccable #motivational #guideline for the people who fear to take the right path, the path of truth...
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I attended on 05-01-2014 a workshop and panel discussion at Indore on 'Companies Act 2013' orgainized by WIRC of #ICSI with Indore Chapter.

I will focus on Corporate Governace which is prime subject of my interest and has also been emphasized in new company law.

Corporates has duty towards society and the country where they do business and make profit. Companies Act 2013 has many provisions such as mandatory CSR, Corporate Governance, Independent Directors etc.

Company Secretaries in the changing role as Governance Professionals have got a golden oppurtunity to inculcate ethical and responsible practises in Corporate Structure and work for betterment of society at large.

I will upload the presentation shortly for your reading and downloading and inform you.
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With the advent of new companies act, the corporate world is buzzing with talks on some major changes in the law. One of them is Section 185 related to “Loans to Directors”. We, at Corporate Professionals, tried to scrutinize comprehensively this section and the end result is the following article which is posted on our new website.

Please give your views and suggestions on the SECTION 185 of Companies Act 2013. We will compile all your suggestions and forward it to ministry requesting to remove the discrepancies/ contentious issues.

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I believe that Corporates are expected to use their Capacity, Knowledge and Resources towards Maximization of stakeholders' value and well-being and progress of humankind.

Therefore in a lecture at Institute of Company Secretaries of India on Corporate Governance - Initiative and Accountability I elaborated the following points-
1. Strengthening Board Framework
2. Stakeholder Interest Protection
3. Transparency and Disclosure
4. Impact of Change

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Today I gave a lecture at ICSI on GOVERNANCE - Initiative and Accountability.
Every time when I reach the lectern I wish to utilise the opportunity to impart something new something unique. As I have experienced that each time audience is unique and you cannot anticipate their entangling questionnaire and cases, so I have always to be on my toes and have to be familiar with the latest development in the field
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