In a large movement, the center has a 12-member National Advisory Committee for Accounting Standards (NACAS), under the chairmanship of Mr. YH Malegam, a chartered accountant.

Although NACAS had in the past, for a period of one year, official sources indicate that the president and members of the committee, this time, these offices until February 28, 2005.

NACAS was established to advise the Centre on the formulation and definition of accounting and valuation methods and standards for the adoption of businesses or a class of companies under the Companies Act.

In addition to Mr. Malegam the advisory committee would be composed of presidents of the three vocational training institutes - Representation chartered accountants, secretaries and corporate cost accounting.

Furthermore, it is also a candidate from any of the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), Comptroller and Auditor General of India (CAG) and the Central Board of direct taxation. The industry would be represented on the committee by a single candidate countries associated Chambers of Commerce and Industry of India (Asso Cham) and PhD of Commerce and Industry of the House of Representatives (PHDCCI). Dr N. Balasubramanian of the Indian Institute of Management, Bangalore and a common secretary general of the Ministry of Interior company have also been appointed as members of the Committee.

Bhubaneswar: The chairman of the Securities and Exchange Board of India (SEBI) M Damodaran on Saturday called management graduates to think, clear, analytical and independent, but within a system of values.

Time, the convocation address at the 15 close-out ceremony of the Xavier Institute of Management Bhubaneswar here, “said the head of SEBI also the best facilities, only poor students of the Skill sets win ‘ other information. But the appropriation of knowledge and correct application, it depends on the ability of professionals.

Damodaran observed that, unlike the predecessors, the current generation is much more in a privileged position that India is considered to be high and so prominent in the thought process throughout the world. “They start with an advantage, if the nation is rising. A glance at the past three months would be enough for world leaders queuing at our door. This opens new perspectives on the opportunities for you,” says it his home.

But with the benefits of Gen-X against the professionals are major challenges for them, as there are fewer excuses and competition in the global arena, he warned.

He also warned the graduates not to adopt and implement solutions that are imported and not synchronous with our problems. Know the challenge and raise the bar-it was an ongoing mantra.

As the 205 were graduates of diplomas, Mukund modes Renner Post-Graduate Program 2004-06, with the LM Kandoi medal. Nitin Goyal has been the success of the executive Amit Kumar 2003-06 PGP program and a ranking of the ranks of the PG programme in rural management 2004-06. Divya Khosla, Leeta Mishra Ankalkoti NTPC gold medal and medal as a lady Renner, personal Roy won the gold medal as NTPC SI & HRM field Renner.

Nitin Jog Ravindra Ravi Sharma won the gold medal for best Memorial versatile, and Agarwala Rohit Kumar won the gold medal Faculty Council for the best students in her class. Among others, Chairman of the Board of Governors Rajive Kaul, Director XIMB E. Abraham, Dean, Finance and Administration, Credit Lyonnais and WAS George William Dean said.

A Company Secretary’s work is varied and depends on the size and nature of the company. The duties are classified into three groups: general administration, representative of the management and Registrar, legal and financial work.

The job involves ensuring compliance with Company’s Act 1956, SEBI (Securities and Exchange Board of India) laws and other tax and economic laws and arranging meetings of the board of directors, annual general body meeting forecasts, income and tax returns, and assisting in staff recruitment and training.

An MBA/PGDBA with specialisation in Finance will keep you in good stead. You could pursue the MBA by the distance mode either from a university or PGDBA from the Symbiosis Centre for Distance Learning (SCDL) , Pune. The Pondicherry University also offers the programme for a period of two years.

On completion of the Company Secretary course, you should make efforts through the placement mode and get

India has opted for capital account convertibility sooner than later, Securities and Exchange Board of India chairman M Damodaran said.

Economist Stiglitz, Nobel laureate 2001, on a tour of India, the country has warned against all convertiblity to say, it could lead to instability.

But Mr. Damodaran said: “It is a matter of proof that India is the financial system is strong, and showing that we do not have a banana republic, which are not against storms, which can be taken to and from ”

He spoke in Chennai on Friday to Samanvay 2007, management fees annual Festival of IIT Madras’ Department of Management Studies.

He said that India was the financial sector is more than ever, although some concerns regarding the sector of real, as regards the security of energy supply, food security and the deficit revenues. “Once they are recipients of this decision, and I think they are increasingly caught in the attack, the financial sector is as strong as it should,” he said.

Professor Stiglitz, “said Damodaran, was the recommendation of India something that do not work, it would be in his own country. “I do not buy such arguments,” he said.

Professor Stiglitz spoke in another function in Chennai said Thursday the account convertibility of short-term capital has the means to leave a country may at any time. What it is important to foreign direct investment (FDI), he said stressing that China has made huge investments without direct foreign capital account convertibility.

In response to a question on China and India, “said Damodaran China was still in India, as regards foreign direct investment and physical infrastructure, but behind India in the development of capital markets. China rules are rudimentary, “he said.

At the same time, “said Damodaran sector could have a real impact of the financial sector. These issues include security of energy supply, food security and the shortfall in revenue. He said fiscal deficit was not a major concern, even if the finance minister decides to press the pause button in this budget. In the same way, the stability of exchange was an important concern, but not now, “he added.

Chennai: The standards of corporate governance can not be regarded as a regulatory requirements, but as an opportunity and a value proposition for organizations of competition in a regulated environment ’s, Ranjana Kumar, Commissioner of vigilance, the Government of India, said Friday.

Time, the key contact to address a national conference on “Corporate Governance”, organized by the Loyola Institute of Business Administration, Ms. Ranjana Kumar pointed out that international markets and investors took legal firms, followed own governance and recovery led to a better assessment of these organizations.

Corporate governance is something that should be beyond company law or regulatory requirements. A synergy between hardware (systems and structures) and software (values) in the organizational culture of the company is possible when the top management, Board of Directors and managers walking the floor “values-based governance, Ms. Ranjana Kumar said.

The claims of more freedom in decision-making in a liberalized global economy, and say at the same time greater responsibility and accountability. The financial integrity, requirements more stringent standards of disclosure, “whistle blowing” policy and the independent review are important instruments of investor protection, “she said.

It is preferable for an irregularity in the opening of a coup along the road, when it expects the least, vigilance said the Commissioner. “If you’re in doubt, open… but as many companies actually do,” she asked.

Although regulatory agencies such as the Securities and Exchange Board of India and Reserve Bank of India, met at regular intervals to ensure fairness in the stock market, there will still be players who are in something, it is not illegal but immoral.

The spirit is more important than the form, or within systems, and good governance is made possible by enhancing the development of the concept International Best Practices, vigilance said the Commissioner.
Required to change the mode of thought

Recalling that corruption in India, was, unfortunately, a phenomenon has, “she said, the mentality of people and culture of labour organizations should be the main drivers of change in governance own sustainable.

S. Chandrasekhar, director, International Infrastructure Corporation, pointed out that this is not enough if an organization established structures and systems, but the values are imposed on itself perhaps a little more critical for maintaining Corporate Governance.

It refers to the characteristics of conflicts of interest in the practice of independent business managers.

He proposed a pool of experts in fields such as justice, finance and human resources, whose salary would be taken by a Trust.

Kolkata, April 5 - The enormous challenge of corporate governance in a very different context of the company, in which cases of fraud companies to expand, can best be achieved by a “triple bottom line”, said Dr Madhav Mehra, President Based in London, the World Council of Corporate Governance (WCFCG).

Speaking to Business Line, during the period up to the fifth two-day international seminar on “Corporate Governance” with the theme of corporate governance in an Unequal World “next month in London organized by WCFCG, Mr. Mehra said that the three priorities Corporate home for all human beings, the planet (meaning that the Earth) and profits “, in that order.

It also prefers mandatory independent corporate governance ratings, which open at the company all its stakeholders, including shareholders.

On the situation in India, he said, there is much talk and too little in the way of implementation.

“The notation of governance in vogue now are totally inadequate, because it is no different than what a house Corporate its various interest groups to find out.”

The question is not only one of the elements, but that the “hard core”, as is the total transparency, which is necessary, he added.

Making a strong pitch for a larger crop of independent directors, especially in large Indian companies which, according to the recommendation of the Naresh Chandra Committee, he said, that the government proposals, the group should without further delay.

Draw a parallel with corporate governance practices in the developed world, after Enron, he said, that the same report by Derek Higgs in the UK, has been rapidly implemented, despite some obstacles.

Before the collapse of Enron, there has been a tendency among companies worldwide tünchen the truth, but all that has changed now that the “culture of concealment has been suspended.”

In this context, he visualized a greater role for the government, especially for agencies such as the Securities and Exchange Board of India, the way the government and industry more interaction was needed.

Issues of governance must be discussed in advance, since it would be the main driving force for all the Indian companies, the hope of a Nasdaq-LSE or a symbol in the foreseeable future.

At the London conference of World WCFCG, he said that the main objective is to promote awareness among stakeholders of the changing role of business in a world of sharp differences, and the development of a framework governance practices, the creation and improvement of the economic situation, social and environmental value.

The main beneficiaries would be business-presidents, directors, presidents, CEOs, CFOs, banks, fund managers, Secretary of the Interior of the company, management analysts, consultants and academics.

A great advantage is to understand how social and environmental responsibility can help in improving the image and market capitalization of the company, but also to the creation of sustainable prosperity.

Key parties in India at the Conference are M. Damodaran, Chairman, UTI and IIDBI, Mr. Justice MN Venkatachaliah, former Chief Justice, Supreme Court, Mr. Justice AM Ahmadi, former Chief Justice, Supreme Court, Professor (Dr.) Rajat K. Baisya of IIT, Delhi, Mr. K. Jairaj, Principal Secretary-General, the Government of Karnataka, Professor PK Banerjea, ICFAI Business School, and Mr. FC Kohli, the former vice-president, TCS.

NATIONALE DE LA Law School of India University (NLSIU) took up his post as the third two-year cycle in the law programme to 100% the position of his LL.M. Students for 2005-07. The course offers a specialization in business-law and Human Rights Law is divided into four semesters with four and eight compulsory mandatory option papers, followed by a final working. The lot is a graduate, has carved a place for themselves and the legal environment of the area.

According to a press release, as several companies recruit students belonging NLSIU of Kotak Mahindra Bank, and Gagrat Co., IDBI Capital Services, Hriday-Shann Bloomberg initiative, unity and society Consumer Trust, Securities and Exchange Board of India, and Larson and Toubro. The LL.M. Courses at the NLSIU, in the short period of its existence, the initiative with the aim of their specialization on the bench in market demand, and said, he arrived at the law of the market.

Graduation Day

CMR Institute of Technology recently held its graduation day. Vikram Rao, director of the Aditya Birla Management Corporation Ltd, the leader of the invited guests, students from India, which will run on one of the world’s largest economies. He urged the graduates to pursue a career that enthusiasts. Bindu Hari, director of the International School, Bangalore, invited students to become entrepreneurs, in order to create more jobs. She said that, in today’s world, excellent communication skills and vision to play an important role in the professional development of engineers.

Convening

The Xavier Institute of Management and Entrepreneurship Committee held its 11th Convocation for the management of its students. For example, more than 121 students from two-year full-time and, of course, the three 27-year part-time courses have earned degrees Sarosh H. Ghandy, President, XIME. J. Phillip, the founder and President of XIME company, product differentiation in XIME. He highlighted the achievements of XIME, the five-year accreditation by the All India Council of Technical Education. M.M. Jacob, former governor of the state of Meghalaya, evaluation, the chief, urged graduates to too sensitive to the underside of the pyramid, and try to make a difference, their condition.

Damodaran disapproves idea to have super regulator

Bhubaneswar, March 19 (PTI) Securities and Exchange Board of India (SEBI) Chairman M Damodaran today rejected, the idea of a “super-authority”, as the discussion Reserve Bank of India.

“In order to ensure coordination regulation, we have a concept of the regulatory authority. The regulator meet demand when it comes to issues related to the international regime and coordination of the discussion. This high-level committee under the chairmanship of the President of RBI. The budget - Secretary of State and I are members of the committee, “said Reporters Damodaran.

He said, “The model works very well in India. I do not think you are in a hurry to go to see a new model, just because somewhere, it is implemented. “Recently, the RBI took an umbrella organization of the regulatory authority for gaps and overlap in the regulation of the financial sector.

Recognize that overlaps occur at regular intervals, “said the chairman of SEBI, the concept of the supervisory authority could lead effectively to the solution of problems.

“We are continuously monitoring the functioning of the regulatory authorities of other countries. We will make the changes that would be likely to India, Damodaran, was here to attend the convocation ceremony of the Xavier Institute of Management, Bhubaneswar, said.

The assertion that the regulatory landscape was different in every country, he said while England had a similar system super-regulatory authority, the United States would have different institutions, covering various fields such as financial services and goods.

The Reserve Bank of India, there is little for the less advantaged sections edge with a financial regulatory authority under the chairmanship of the governor of RBI and its members could be chairmen of the three regulatory agencies. He said that while the RBI’s wing of the leadership of the Vice-Governor of the Bank should be monitored and non-banking transactions, insurance, development agency of regulation should monitor insurance and should continue with its jurisdiction on the market capital.

The demat scam, SEBI, said the chairman of the investigation report would be submitted within the next month.

“Few answers come, proofs have been consulted. My colleague, the issue will be of the order in the coming weeks,” said Damodaran added that the messages were served to more than 100 of those who had violated the laws .

He spoke of the measure, which had already held SEBI hurt this far in commerce.

The SEBI also said Ananthraman G-chairman of the committee, was studying the various functions of the regional bourse of its report within one month.

“More than 99 percent of trade in India, the Bombay Stock Exchange and National Stock Exchange. Rest of 21 regional stock exchanges to less than one per cent of gross business in the country,” he said.

“They should be enough for the economy of a regional exchange. We are far with the mandatory system from the list of regional stock markets,” he said, adding that the report offers some suggestions for restructuring these exchanges.