COMPLIANCE MANAGEMENT

Paper Code: 
BCS 411
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

 

Course Objectives:

This course will enable the students to develop expertise to monitor compliance with the requirements of laws.

 

Course Outcomes (COs):

 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

BCS 411

Compliance Management (Theory)

CO 139:Analyze the importance of the compliance framework in an organization and role of the management

CO 140:Correlate the importance of the documentation and the concept of signing and certification.

CO 141:Assess the legal framework governing CS and their values and professional conduct.

CO 142:Integrate the various Non Compliances, KYC requirements and consequences of the incomplete KYC or for Non

performing KYC before accepting any engagement.

CO 143:Explore the provisions regarding Compounding of Offences, Mediation and

Conciliation.

CO 144:Contribute effectively in course – specific interaction.

Approach in teaching:
Interactive Lectures, Discussion, Tutorials, Reading assignments, Interactive White Board, Incorporating technology in teaching
 

Learning activities for the students:
Self learning assignments, Effective questions

Class test, Semester end examinations, Quiz,  Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar

9.00
Unit I: 

Compliance Framework:, Identification of applicable laws, rules, regulations, Risk Assessment, Responsibility center mapping/ allocation, Escalation & reporting, Creation of Compliance framework and reporting system, Review & Updation, Training &Implementation, Need/benefit/ scope of Compliance Management, Directors’ Responsibility Statement, Compliances under Companies Act, Compliance Management Tool, Importance of Compliance Management Tool, Different types of Compliance Management Tools, Case Laws and Case Studies

 

9.00
Unit II: 

Documentation & Maintenance of Records: General principles of good documentation, coding, storage, preservation, safety &retrieval , Privacy & Control , Case Laws and Case Studies

Signing and Certification: Various Certification(s) by Company Secretary in Practice , Pre-certification of Forms , Signing & Certification of Annual Return , Corporate Governance Certification , Signing of Financial Statement, Obligations and Penal provisions ,Case Laws and Case Studies

 

9.00
Unit III: 

Legal Framework Governing Company Secretaries: Power and functions of Company Secretary, The Company Secretaries Act, 1980 along with Rules and Regulations, Disciplinary Mechanism and Penalties for Professional Misconduct, Professional Liabilities

Values Ethics and Professional Conduct:Ethical Practices, ICSI Code of Conduct, Fundamental duties of Professional, Ethical Dilemma, Recent Disciplinary case studies on Values, Ethics and Professional conduct.

 

9.00
Unit IV: 

Non Compliances, Penalties and Adjudications:Non-Compliances under Companies Act, 2013, Penalties and Adjudications, Prosecution procedures, Complaint by Registrar and Serious Fraud Investigation Office, Tribunals, Case Laws and Case Studies

 

9.00
Unit V: 

Relief and Remedies: What is Compounding, Which Offences can be Compounded, Which Offences cannot be Compounded, When Compounding can be done, Who are the Compounding Authorities/ who can Compound the Offence?, Mediation and Conciliation, Case Laws and Case Studies

 

Essential Readings: 

Essential Readings:

  • Study Material Published by ICSI

 

Suggested Readings:

  • Scanner- Arun Kumar (Shuchita Prakashans (P)Ltd
  • Compliance Management: A How-to Guide for Executives, Lawyers, and Other Compliance Professionals by Nitish Singh and Thomas J. Bussen
  • A Concise Guide to Corporate Compliance Management by Dr Angus Young and Dr Kai-Uwe Seidenfuss

 

References: 

E- Content:

 

 

 

 

Academic Year: 
2023-2024
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