1.
Companies Act 2013
Practical Insights on implementation of
Companies Act 2013
November – December 2014

2.
Location
Delhi
Holiday Inn
Asset Area 12, Hospitality District, Aero City,
Near Aero City Metro Station, New Delhi
Mumbai
EY premises,
Nirlon Knowledge Park
Goregaon East,
Mumbai
Know your trainer
Dolphy D’Souza
Partner in a member firm of
Ernst & Young Global
Jigar Parikh
Partner in a member firm of
Ernst & Young Global
Rajiv Shah
Senior professional in a
member firm of Ernst & Young
Global
Surinder Jain
Senior professional in a
member firm of Ernst & Young
Global
Course fee
Sandip Khetan
Partner in a member firm of
Ernst & Young Global
Rohit Mathur
Partner,
Advisory Services, EY
Varun Dewan
Senior professional in a
member firm of Ernst & Young
Global
Kartar Sahi
Senior professional in a
member firm of Ernst & Young
Global
• ►The fee of INR 26,000 (exclusive of VAT)
per attendee includes the training material,
lunch and refreshments.
• ►Confirmatory mail will be sent once you
have registered For registration, kindly
connect with:
• Priti Bhutani at priti.bhutani@in.ey.com
or +91-11-4363 3103
• Silloo Jangalwala at silloo.jangalwala@
in.ey.com at +91-22-6192 2968
• Komal Ahuja at komal.ahuja@in.ey.com
or +91-124-671 1749
* Early bird!
Register by Monday, 20 October 2014 to avail
of 10% discount
►
Date and time
►Session I : 22 Nov 2014
Session II : 29 Nov 2014
Session III : 06 Dec 2014
Session IV : 13 Dec 2014
10:00 a.m. to 5:30 p.m.
To learn more visit :
www.ey.com/ca2013training
Sardul Seth
Partner,
Advisory Services, EY
Tejas Desai
Tax Partner, EY
Vivek Aggarwal
Partner in a member firm of
Ernst & Young Global
Sumeet Malhotra
Associate Director, Advisory
Services, EY
Abhishek Gupta
Partner in a member firm of
Ernst & Young Global
Jignesh Thakkar
Partner,
Advisory Services, EY
Rahul Lovell
Partner,
Advisory Services, EY
Jagdeep Singh
Senior professional in a
member firm of Ernst & Young
Global

3.
Four-day course content
Related-party transactions
• ►Definition of related parties and how to
identify them
• ►Key interpretation matters
• ►Specified related party transactions
• ►How to establish arm’s length and evaluate
ordinary course of business?
• ►What are disclosure requirements?
• ►How do you ensure compliance on an ongoing
basis?
Internal Financial Control
• ►Entity-level controls
• ►Process-level controls
• ►IT general and application controls
• ►How to go about identification of risk and
control in each of the processes?
• ►Monitoring: meeting expectations of board/
independent directors
• ►How to implement an Enterprise Risk
Management framework?
• ►What is the approach to be followed for
compliance with all laws and regulations?
• ►Requirements of appointing an internal auditor
• ►Other linkages to CARO & SOX
Board Governance
• ►Board evaluations — tips and methodology
• ►What data points are required for such board
evaluation process?
• ►Additional responsibility of independent
directors
• ►Role of the nomination and the remuneration
committee
• ►Role of the audit committee in the changed
governance landscape
Corporate Social Responsibility
(CSR)
• ►Applicability of CSR
• ►CSR and business objectives
• ►Coverage of CSR
• ►Taxation and CSR spent
• ►Implications of non-compliance
• ►Practical challenges around CSR

4.
• ►Componentisation — meaning and
implementation challenges
• ►Property, plant and equipment — useful life
and other changes
• ►Impact of componentisation on asset
replacement accounting
• ►Effective way of maintaining Fixed Asset
Register
• ►Transitional provisions
• ►Requirements of preparing consolidated
financial statements
• ►Practical challenges in preparing first time
Consolidated financial statements
• ►Stand-alone financial statements of the
subsidiaries
• ►Foreign subsidiary financial statements
• ►Approval of accounts
• ►Requirements of whistle blower
• ►Materiality and fraud
• ►Key considerations for an effective vigil
mechanism
• ►Penalties for non-compliance
Componentisation and other
accounting concepts
Consolidated Financial
Statements
Vigil mechanism and fraud
reporting
Filing requirements
• ►New filing requirements
• ►Filing responsibilities and due dates
• ►Penalties for non-filing
Training approach
• Interactive classroom discussions
• Case studies
• Knowledge sharing and discussions of real
life examples
• Partners representation to share
implementation experience

5.
The recently enacted
Companies Act, 2013 (the Act),
along with changes in the listing
agreement marked a historic
moment and beginning of a
new era, which aims to improve
transparency and accountability
in India’s corporate sector.
The Act outlines various
requirements for governance,
disclosures and enhanced roles,
responsibilities and liabilities of
the board, its committees and
independent directors.
Based on our experience of
assisting several large Indian
and multinational companies
towards implementation of
Companies Act 2013, we have
faced several implementation
challenges, which we believe
are relevant for large number of
companies in India.
Furthermore, limited guidance
is available from the regulators
towards the implementation
aspects of Companies Act
2013.
Companies Act 2013
A Landmark Legislation
• ►Related party transactions
• ►Internal Financial Controls
• ►Enterprise risk management
• ►Compliance with laws and
regulations
• ►Board Governance
• ►Corporate Social
Responsibility
• ►Componentisation and
other accounting concepts
• ►Consolidated Financial
Statements
• ►Vigil mechanism
• ►Loans and borrowings
• ►Filing requirements
Overview of topics covered
To bridge the knowledge gap towards implementation, we have
designed a four-day training program, which aims to provide deep
insights into several aspects of implementation challenges under
the Companies Act 2013.
It addresses certain important questions in particular areas such as;
• ►How to identify your related
parties and all transactions
that will come under ”related
party transactions”?
• ►What approach is
to be adopted for
componentisation and
how should you deal with
transition impact around
depreciation?
• ►What is internal financial
control (IFC) and how should
one go about assessment
and implementation of IFC?
• ►What is Enterprise Risk
Management (ERM) and
what do you need to do to
implement ERM?
• ►How do you deal with the
requirement of compliance
with all laws and regulations?
• ►How to look at board
evaluation process and what
does a company need to
do to implement a strong
process?
• ►What is a vigil mechanism
and how do you implement
it?
• ►What are some of the issues
being faced by companies
in implementing the CSR
framework and how to deal
with the same?
• ►What are some of the
interpretation issues around
loans and borrowings?

6.
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