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Technology : Challenges & Opportunities for Company Secretaries August 21, 2014

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

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  1. Technology: Challenges & Opportunities for Company Secretaries August 21, 2014

  2. You can't expect to meet the CHALLENGESof today with YESTERDAY'S TOOLSand expect to be in BUSINESS TOMORROW.

  3. Development in past 2 decades Mobile Telephony & Internet Online Banking E – Commerce

  4. Development in past 2 decades National E – Governance Plan MCA21

  5. Internal Challenges

  6. More Focus on legal recognition Limited Professional Development No Mega firm of CS Internal Challenges Lack of Entrepreneurial Skills Lack of Self Confidence

  7. Present way of working • Procedure Works • Strategy • Problem Solving • Corporate Planning

  8. Regulatory shift towards technology

  9. Regulatory shift towards technology

  10. 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

  11. Companies Act, 2013 focus towards Information Technology

  12. Technological move in Companies Act, 2013 Video Conferencing E Voting E Registry Legal Compliant Website E Recording

  13. Technological move in Companies Act, 2013

  14. Competitive Challenges

  15. Competitive Challenges

  16. What brings this Shift

  17. Globalization

  18. Globalization

  19. Technological Advancement

  20. E Commerce wiping out middleman • Made the things more convenient for professionals • Capital & Technology replacing Labor • Consolidation of Market Players Technological Advancement

  21. Social Media Technological Advancement

  22. Software / Information web portal Technological Advancement Many More……

  23. Apps Technological Advancement Notability Bookmyshow Google map Photomania Business Card Manager Lite Bhagavad Geeta Many More……

  24. Private Initiatives

  25. Use of Technology to equip yourself

  26. How learning process is evolving – Companies Act, 2013

  27. 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

  28. Will Technology take away our work?

  29. TECHNOLOGYTRANSFORMATIONwill not be WORK DESTROYER rather will be a WORK CREATOR

  30. TRANSFORMATION is a part of life and has brought fabulous growth in the past…..

  31. Transformation from Stock Market – Out-Cry-System

  32. Transformation from Physical Share Certificates to Demated shares

  33. Growth of 613% in Turnover of BSE and NSE observed in last 15 years

  34. MCA21 : Paper based operations to paper less environment

  35. 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

  36. …..

  37. E – Commerce Market Place in India INR 2000 Cr INR 42,000 Cr

  38. E – Commerce Market Place in India USD 20 Billion

  39. MCA21 : 2nd Phase

  40. Nothing is permanent in TECHNOLOGY except CHANGE………

  41. Use Technology to Beat Technology

  42. Knowledge Enhancement

  43. Showcasing your experience

  44. Business Development E - Networking

  45. Business Management Virtual Database Management

  46. Change of work Scenario By using Technology • Procedure Works • Strategy • Problem Solving • Corporate Planning

  47. Strategy to beat challenges

  48. What you should do Focus on areas where Computers can’t enter

  49. What you should do Venturing unexplored areas

  50. What you should do Diversification into new segments

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