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Technology : Challenges & Opportunities for Company Secretaries August 21, 2014. You can't expect to meet the CHALLENGES of today with YESTERDAY'S TOOLS and expect to be in BUSINESS TOMORROW. Development in past 2 decades. Mobile Telephony & Internet. Online Banking. E – Commerce.
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Technology: Challenges & Opportunities for Company Secretaries August 21, 2014
You can't expect to meet the CHALLENGESof today with YESTERDAY'S TOOLSand expect to be in BUSINESS TOMORROW.
Development in past 2 decades Mobile Telephony & Internet Online Banking E – Commerce
Development in past 2 decades National E – Governance Plan MCA21
More Focus on legal recognition Limited Professional Development No Mega firm of CS Internal Challenges Lack of Entrepreneurial Skills Lack of Self Confidence
Present way of working • Procedure Works • Strategy • Problem Solving • Corporate Planning
DIPP e-Biz by 31st December 2014 Aadhaarand National Citizen ID by 2017 Government Initiatives Broadband highway and Digital India E - Stamping Government Initiatives Extensive use of Cloud ERP software by 2017 Fully integrated National E – Governance system by 2019
Technological move in Companies Act, 2013 Video Conferencing E Voting E Registry Legal Compliant Website E Recording
E Commerce wiping out middleman • Made the things more convenient for professionals • Capital & Technology replacing Labor • Consolidation of Market Players Technological Advancement
Social Media Technological Advancement
Software / Information web portal Technological Advancement Many More……
Apps Technological Advancement Notability Bookmyshow Google map Photomania Business Card Manager Lite Bhagavad Geeta Many More……
How learning process is evolving – New Companies Act, 2013 Present Future Strategy and Planning Procedure Query Software New Law Act / Rules / Forms / Circulars / Notifications E – Books / Groups / Updates
TECHNOLOGYTRANSFORMATIONwill not be WORK DESTROYER rather will be a WORK CREATOR
TRANSFORMATION is a part of life and has brought fabulous growth in the past…..
Transformation from Stock Market – Out-Cry-System
Transformation from Physical Share Certificates to Demated shares
Growth of 613% in Turnover of BSE and NSE observed in last 15 years
over 100 Years and 8 Years Out of Total 14 Lacs Companies incorporated in India, near to 6 Lacs Companies incorporated in last 8 years
E – Commerce Market Place in India INR 2000 Cr INR 42,000 Cr
E – Commerce Market Place in India USD 20 Billion
Business Development E - Networking
Business Management Virtual Database Management
Change of work Scenario By using Technology • Procedure Works • Strategy • Problem Solving • Corporate Planning
What you should do Focus on areas where Computers can’t enter
What you should do Venturing unexplored areas
What you should do Diversification into new segments