POST MANAGEMENT QUALIFICATION (PMQ) COURSES OFFERED BY THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI)

An Introduction: 

The ICSI to develop the calibre of company secretaries has put forward Post Membership Qualification (PMQ) courses. The courses are on such subjects that demand expert knowledge of the professionals. The professionals by enrolling and completing PMQs stand ahead in the competition and get better opportunities.

The PMQs offered by ICSI are:

• COURSE 1: CORPORATE RESTRUCTURING AND INSOLVENCY:

• COURSE 2: POST MEMBERSHIP QUALIFICATION COURSE IN COMPETITION LAW

• COURSE 3: POST MEMBERSHIP QUALIFICATION IN  CORPORATE GOVERNANCE

COURSE 1: CORPORATE RESTRUCTURING AND INSOLVENCY:

•  Mergers, acquisition, takeovers, are the long-established extensively standard business strategies during the success of any business while re-construction and revival strategies are implemented during the recession.  

• The restructuring and insolvency practice is like best companions. This is because of the recovery procedure of bankrupt companies engages the pioneering restructuring process also.

• The scope of insolvency practitioners are getting boosted up. Because ICSI understand the situation and to mould the professionals, accordingly they have commenced a PMQ Course in Corporate Restructuring and Insolvency.

• This will enable the professionals to outshine.

• The professionals by completing this course becomes a connoisseur in legal and practical application related to corporate structuring and insolvency.

• Objectives of this PMQ are:

o   To enhance the candidates’ calibre to achieve acumen, insight and thorough data about numerous aspects of company restructuring, rescue and economic conditions.

o   To provide thorough data of the legal and regulative framework coping with company rescue and economic the condition with case study analysis.

o   To provide skilled data and ability sets in management and administration of restructuring method with the assistance of case studies.

o   To provide thorough insight into legal, procedural and applied aspects of company rescue with relevancy international best practices.

o   To provide data of world trends associated with practices on  an integrated  framework for company restructuring and economic condition.

o   To equip the candidates with the technical, analytical and application skills in company restructuring and economic condition.

o   To provide skilled skills to anticipate and supply sensible solutions to legal and technical problems concerned in restructuring, rescue and economic problems.

o   To change the candidates' know-how and appreciate the responsibilities.

o   To set standards of ethics and best practices.

• Once the professional complete the course, he/she will be given a certificate – Diploma in Corporate Restructuring and Insolvency (DCRI).

• There are two modules in this PMQ – Written and compulsory workshop.

• The first module consists of the following subjects:

o   Corporate Restructuring, Rescue and Insolvency – 100 Marks

o   Strategic Options for Corporate Restructuring – 100 Marks

o   Cross Border Insolvency Practice and procedure – 100 Marks

o   Professional and Ethical Practices for Insolvency Practitioners -100 marks

• The second module consists of the following subjects:

o   The second module consists of compulsory workshop.

o   This is conducted before the written exam.

o   The candidate has to prepare on an already given case.

o   The panel will ask questions based on the case.

• There is no pre-decided dates and venue for the exam. If specified numbers of candidates have enrolled, accordingly the exam slots are decided.

• The candidate can enrol for the course anytime during the year.

COURSE 2: POST MEMBERSHIP QUALIFICATION COURSE IN COMPETITION LAW

• The Competition Act, 2002, stepped into the shoes of MRTP Act, 1969 and was completely replaced.

• It was brought into existence for the economic progress of our country, for the institution of a Commission, to avert practices having a contrary effect on competition, to disseminate and uphold competition in markets and to safeguard the interests.

• The fundamental intention of the Competition Law is to make sure that markets continue to be competitive.

• This assists both the consumers and producers.

• Thus the producers and service producers should comply with the rules and regulations enumerated in the Competition Act.

• It is very crucial to abide by these.

• CS professionals are bound to know of all the compliances.

• These days, CS has an opportunity for internal auditor and in such cases he or she is expected to know of competition law also.

• Thus, ICSI launched this PMQ.

• The main objectives of this PMQ  are:

o   Appreciate varied ideas of competition, the political economy of Competition as well as economic theories and policies that influence the aspects of Competition within the market and operation of Competition Law.

o   Gain acumen, insight and thorough information of the law governing competition in India and major overseas jurisdictions.

o   Comprehend and value the boundary between Competition Commission of India and Sectoral Regulators.

o   Understand the Competition Law in observing and specifically, procedures concerned in varied aspects of the administration of competition law in India as well as managing Competition Commission of India and Competition proceedings court.

o   Understand and appreciate the importance and structure of Competition Compliance Programme and its effective implementation, observation and analysis.

o   Be able to apply the information of Competition Law in the business context.

• The course is conducted in two parts:

o   Part 1 is a written examination

o   Part 2 is compulsory training

• Part 1 consists of the following papers:

o   Concepts and Economics of Competition Law (100 marks)

o   Anti-competitive Agreements and Abuse of Dominance (100 marks)

o   Regulation of Combinations (100 marks)

o   Competition Compliance Programme (50 marks) Case study (50 marks)

• Part 2 training should be done under a competition law practitioner or practising company secretaries engaging in competition law. The training location should be approved and validated by the council.

• There is no pre-decided dates and venue for the exam. If specified numbers of candidates have enrolled, accordingly the exam slots are decided.

• The candidate can enrol for the course anytime during the year.

• Once the professional complete the course, he/she will be given a certificate – Diploma in Competition Law (DCL) by the ICSI.

COURSE 3: POST MEMBERSHIP QUALIFICATION IN  CORPORATE GOVERNANCE

• Corporate governance currently offers a comprehensive, knowledge domain approach to the management and management of corporations.

• Corporate professionals of these days and tomorrow should imbibe in themselves the evolving principles of fine company governance across the world continuously.

• Excellence is bettered solely through continuous study, analysis and educational and skilled interaction of the best quality within the theory and applies fine corporate governance.

• The corporate world thrust upon Company Secretaries to produce the impetus, steering and direction for achieving foremost corporate governance.

• Company Secretaries are the first supply of recommendation on the conduct of business for achieving this finish.  This may take into its fold everything from legal recommendation on conflicts of interest, through accounting recommendation, to the event of strategy and company planning.

• The Institute, a pioneer in corporate governance offers Post Membership Qualification.

• Course (PMQ) in corporate Governance aims to alter the members to achieve acumen, insight and thorough information regarding varied aspects of corporate governance.

• The objectives of the Post Membership Qualification Course in Corporate Governance are:

o   To modify the members to realize acumen, insight and thorough information concerning the varied aspects of corporate governance.

o   To provide thorough information on the legal and regulative framework in Bharat vis-àvis company governance moreover as procedural, help and documentation aspects.

o   To provide thorough information on worldwide trends and developments thus on have an integrated read of the complete framework for company governance among that the businesses operate.

o   To equip the candidates with the technical and analytical skills in company governance and decision-making.

• The course structure consists of two parts:

o   Part 1: Written examination

o   Part 2: Workshop and an interview

o   Part 1 papers are as follows:

• • Conceptual Framework of Corporate Governance
  • Legal and Regulatory Framework of Corporate Governance
  • Board Management
  • Board Committees
  • International Corporate Governance
  • Role of Professionals / Corporate Responsibilities
  • Case Studies

• There is no pre-decided dates and venue for the exam. If specified numbers of candidates have enrolled, accordingly the exam slots are decided.

• The candidate can enrol for the course anytime during the year.

• Once the professional complete the course, he/she will be given a certificate – Diploma in Corporate Governance (DCG) by the ICSI.

These are the three PMQs conducted by the ICSI. For more details please log on to www.icsi.edu.