Recent Updates
  1. Clarification on passing ordinary and special resolution
  2. Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021
  3. Companies (Meetings of Board and its Powers) Amendment Rules, 2021
  4. MCA amends Incorporation Rules to add registrations under Shop & Establishment Act & Professional Tax in Form AGILE – PRO-S
  5. MCA extends the gap between 2 board meetings by 60 days due to resurgence of Covid 19 pandemic
  6. Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’ etc.
  7. Relaxation of time for filing forms related to creation or modification of charges on account of resurgence of Covid 19 pandemic
  8. Clarification on spending of CSR funds for setting up makeshift hospitals and temporary COVID care facilities
  9. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021
  10. Companies ( Accounts) Second Amendment Rules, 2021
  11. Companies (Audit and Auditors) Second Amendment Rules, 2021
  12. Amendment to Schedule III of Companies Act, 2013
  13. Companies (Audit and Auditors) Amendment Rules, 2021
About the Program

Ministry of Corporate Affairs (MCA), with the objectives of strengthening the Institution of Independent Directors and also to enhance its effectiveness by way of creating a pool of skilled professionals to act as Agents of Change, has developed a databank of Independent Directors along with Indian Institute of Corporate Affairs (IICA) with effect from December 02, 2019 in accordance with the provisions of the Companies Act, 2013.

Accordingly, any person who is willing to be appointed or is already an Independent Director is required to pass an ‘Online Proficiency Self-Assessment Test’ conducted by IICA with at least 50% marks.

The IICA is conducting the online test from March 01, 2020.

Salient Features of the Programme:
  • Provides in-depth knowledge to qualify the Self-Assessment Test conducted by IICA
  • Synchronous and systematic learning by renowned speakers through wide array of exposures on the topics
  • Learning beyond geographical barrier
  • Anytime and anywhere learning through technology
  • One year complimentary membership of Institute of Directors to non-members

Course Modules.

The In-House training course offers a range of training modules relevant to Independent Directors for preparation with the latest regulatory requirements, global trends and practices.

Module - 1
Introduction to Independent Director's repository & Requirements of online proficiency self-assessment test.

This module will discuss about the creation and maintenance of databank of Independent Directors and the requirements of the online proficiency self-assessment test.
Module - 2
Companies Act, 2013 & SEBI Regulations.

This module will provide an overview of the important provisions of the Companies Act and SEBI LODR regulations which deals with the ways companies are incorporated, how it is managed by the board and the manner in which the board interacts with their stakeholders.

Module - 3
The Board’s legal Environment and Corporate Governance.

The module provides an essential understanding of the role, duties, legal responsibilities and liabilities of Directors and the working environment of a board.
Module - 4
Roles & Responsibilities of Independent Directors for Improving Corporate Credibility and Governance Standards.

This module covers the role, functions, rights, liabilities of Independent Directors who have become a very important part of Boardroom. It provides the understanding of nuances of this role, selection criteria, tenure and maximum no of Directorships.
Module - 5
Financial Literacy for Directors.

Financial Literacy is a key skill for any Director. This module provides an understanding of the statutory provisions, financial terms and concepts, financial statements, key accounting standards, source of finance and budgeting. The module will assist a director to further understand the role in evaluating the health of the organization including its liquidity position and solvency, key aspects of Mergers & Acquisitions, decision making and control and identifying early warning signs of financial failures.
Online Mock Test by Participants, Followed by Discussion on Mock Test paper
Registration Fee -

*Virtual Format: Rs. 2.5 Lakh/- + GST 18% (SAC999293)

*Physical Format: Rs. 2 Lakh/- + GST 18% (SAC999293)

Maximum number of participants per batch up-to 25


IOD reserves the right to change Course Syllabus | Content | Faculty | Locations and Fees, or cancel a course for what so ever reason. If a participant fails to take part in the registered programme, his registration shall be cancelled and fee shall not be refunded.
Details Institute of Directors, M-56 A, GK Part-II (Market), New Delhi - 110048, India
Tel No. +91-11-41636294, 41636717, 41008704, Fax : +91-11-41008705
E-mail :
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