Technology and mainly Information Technology has made the knowledge available in digital form and we have easy access to information for reference at any time. This brought both challenges and opportunities for the professionals like Company Secretaries. As the law has permitted the use of IT in many procedures such as compliance, payments etc., it also expects proficiency in knowledge and efficiency in work from the professionals. Now the mantra of survival and success of a Company Secretary is proper application and management of knowledge, resources and time to compete. There is limitless scope of expanding the horizon for the profession.

1. Technology: Challenges and Opportunities for
Company Secretary
By: Pavan Kumar Vijay

2. You can't expect to meet the
CHALLENGES of today with
YESTERDAY'S TOOLS and expect to be
in BUSINESS TOMORROW.

3. Mobile Telephony & Internet
Online Banking
E – Commerce
National E – Governance Plan
MCA21
Developmentinpast2decades

4. Internal Challenges

5. InternalChallenges
More Focus on
legal
recognition
Limited
Professional
Development
Lack of
Entrepreneurial
Skills
Lack of Self
Confidence

6. Presentwayofworking
 Strategy
 Problem Solving
 Corporate
Planning
 Procedure
Works

7. Technological Challenges

8. TechnologicalChallenges
E Commerce wiping out middleman
Financial decisions & legal compliances are becoming
automatic
Financial and Secretarial software and websites make
it easy that one professional can handle any number
of companies
Capital & Technology replacing Labor
Consolidation of Market Players

9. Regulatory shift towards
technology

10. Regulatoryshifttowardstechnology
Towards
Simplicity
Self
Governance
E -
Governance

11. Competitive Challenges

12. CompetitiveChallenges
Global
Competition
CS, CA & CWA
competing for
same
compliance
services
Private
institutions
getting
recognition -
CFA
Private
University
becoming
deemed
university

13. What brings Challenges

14. Globalization

15. Globalization
Free and fair trade
and vanishing
Economics
Boundaries
UN, WTO, WB, IMF,
OECD, ADB and ICC
are standardizing
rules for
international trade
Single law for trade
and commerce

16. Technological Advancement

17. TechnologicalAdvancement
Social Media
Software

18. TechnologicalmoveinCompaniesAct,2013
Words Count
Electronic Form (e-form) 84
Electronic Mail 76
Director Identification Number 74
Information to be put on website(s) 51
Electronic Mode 40
Electronic Means 26
Video Conferencing 21
Audio Visual Means 20
Electronic Record 19
Electronic Registry 12
Voting by electronic means and electronic voting
system
9

19. GovernmentInitiatives
Government Initiatives
Fully integrated
National E –
Governance system
by 2019
National Citizen ID by
2017
E - Stamping
DIPP e-Biz by 31st
December 2014
Extensive use of
Cloud ERP software's
by 2017

20. PrivateInitiatives

21. UseofTechnologytoequipyourself

22. How technology is creating
knowledge and sharing knowledge

23. Howtechnologyiscreatingknowledgeandsharing
knowledge
New Law
Act / Rules / Forms
/ Circulars /
Notifications
Query
E – Books / Groups /
Updates
Procedure
Software
FuturePresent
Strategy
and
Planning

24. Will Technology take away our
work?

25. TECHNOLOGY TRANSFORMATION will
not take away our work rather it is going
to MULTIPLY OUR WORK

26. Transformation is a part of life
and has bought fabulous
growth in the past…..

27. Transformation from
Stock Market – Out-Cry-System

28. Transformation from
Physical Share Certificates to Demated shares

29. Turnover of BSE
0
5000
10000
15000
20000
25000
30000
1996 2000 2005 2006 2014
BSE_SENSEX

30. MCA21 : Paper based operations to
paper less environment

31. Future ki Jhalak…..

32. INR 2000 Cr
INR 42,000 Cr
E–CommerceMarketPlaceinIndia

33. USD 20
Billion
E–CommerceMarketPlaceinIndia

34. MCA21 : 2nd Phase

35. Use of Technology to
Beat Technology

36. ChangeofworkScenarioByusingTechnology
 Procedure
Works
 Strategy
 Problem Solving
 Corporate
Planning

37. What you should do ?

38.  Focus on area’s where
Computers can’t enter
Whatyoushoulddo

39. Venturing unexplored areas
Whatyoushoulddo

40. Diversification into new
segments
Whatyoushoulddo

41. Whatyoushoulddo
You can't do
everything alone?
But

42. Whatyoushoulddo
Move to C – Commerce
Brand
Knowledge
Infrastructure
Capital
Synergy of

43. Quality
of
Service
Corporate
Laws
Economic
Laws
Taxation
Laws
WTO & IPR
International
Trade Law
IT & BPO
Management
Consulting
Finance and
Accounting
Commerce
Brand
Synergy
Infrastructure
Synergy
Capital
Synergy
Collaborative Commerce
Single
Window
Interface
Knowledge
Synergy
Global
Presence
Growing
Revenues
Growing
Customers
Growing
Nations
CS + CA + CWA
+ MBA + LLB

44. SuccessMantra
Knowledge
+
=
C–Commerce
IT
Success
+

45. SuccessMantra
Whether Professionals can grasp
such changes??
“THE SURVIVAL MANTRA”
Learn, Unlearn &
Relearn

46. “The combination of HARD
WORK and SMART WORK is
EFFICIENT WORK”

47. SuccessMantra
“Things will never be the same…..
So change the future before
future changes you”