Compliance Management

Paper Code: 
24BCS613
Credits: 
02
Contact Hours: 
30.00
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: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

 

24BCS613

 

Compliance Management (Theory)

CO 1:Analyze the importance of the compliance framework in an organization and role of the management

CO 2:Correlate the importance of the documentation and the concept of signing and certification.

CO 3:Assess the legal framework governing CS and their values and professional conduct.

CO 4:Integrate the various Non Compliances, KYC requirements and consequences of the incomplete KYC or for Non

performing KYC before accepting any engagement.

CO 5:Explore the provisions regarding Compounding of Offences, Mediation and

Conciliation.

CO 6:Contribute effectively in course – specific interaction.

 

Approach in

teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz,Assignments, Class Presentations, Individual and group projects.

 

6.00
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
6.00
Unit II: 
Documentation and Compliance

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.

 

6.00
Unit III: 
Regulatory Framework and Professional Ethics for CS

Legal Framework Governing Company Secretaries:

  • Power and functions of Company Secretary,
  • The Company Secretaries Act, 1980 along with Rules and Regulations,
  • Disciplinary Mechanism
  • 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.

 

6.00
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

 

6.00
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:

 

  1. Study Material Published by ICSI

 

References: 

Suggested Readings:

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

 

E- Content:

  1. https://www.icsi.edu/media/webmodules/ICSI%20New%20Syllabus%202022.pdf
  2. https://www.icsi.edu/e-journals/

 

Academic Year: 
2024-2025
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