Handbook for Independent Directors Examination (With MCQs)  
Third Edition
Author(s): Dr. Rajeev Babel
Published by Bloomsbury Publishing India Pvt. Ltd
Publication Date:  Available in all formats
ISBN: 9789356406599
Pages: 1856

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This book has been designed keeping in view the needs of professionals who are preparing for the Online Proficiency Self-Assessment Test to be a Certified Independent Director. The book would be immensely useful for the Chartered Accountants, Company Secretaries, Lawyers and Management Professionals while undertaking the Independent Director’s examination as it gives the updated provisions of different statutes and MCQs relevant for it.

The books is also useful for:

- Due Diligence/Checklist before joining a Board of a company as an Independent Director.

- Members of ICSI who wish to pursue ‘Certificate Course on Independent Director’ conducted by ICSI.

- Reference Book for the person already on Board of any company as an Independent Director.

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This book has been designed keeping in view the needs of professionals who are preparing for the Online Proficiency Self-Assessment Test to be a Certified Independent Director. The book would be immensely useful for the Chartered Accountants, Company Secretaries, Lawyers and Management Professionals while undertaking the Independent Director’s examination as it gives the updated provisions of different statutes and MCQs relevant for it.

The books is also useful for:

- Due Diligence/Checklist before joining a Board of a company as an Independent Director.

- Members of ICSI who wish to pursue ‘Certificate Course on Independent Director’ conducted by ICSI.

- Reference Book for the person already on Board of any company as an Independent Director.

Table of contents
About the author   v
Preface to third edition   vii
Acknowledgement   ix
Detailed table of contents   xv
Syllabus prescribed by IICA   xlix
How to enrol in Databank maintained by the IICA   lvii
Abbreviations used in this book   lix
CHAPTER 1 COMPANIES ACT, 2013 AND RELEVANT RULES
Chapter 1.1. Incorporation of Companies (Section 3 to 22)   1.1-1
Chapter 1.2. Prospectus & Allotment of Shares (Section 23 to 42)   1.2-1
Chapter 1.3. Share Capital (Section 43 to 70)   1.3-1
Chapter 1.4. Debentures & Bonds (Section 71 to 72)   1.4-1
Chapter 1.5. Acceptance of Deposits (Section 73 to 76A)   1.5-1
Chapter 1.6. Registration of Charges (Section 77 to 87)   1.6-1
Chapter 1.7. Register of Members, Declaration of Beneficial Interest, Annual Return etc. (Section 88 to 95)   1.7-1
Chapter 1.8. General Meetings (Section 96 to 121)   1.8-1
Chapter 1.9. Declaration and Payment of Dividend (Section 123 to 127)   1.9-1
Chapter 1.10. Accounts of Companies (Section 128 to 134, 136,137)   1.10-1
Chapter 1.11. Board Evaluation (Section 134(3)(p))   1.11-1
Chapter 1.12. Internal Audit (Section 138)   1.12-1
Chapter 1.13. Audit & Auditors (Section 139 to 148)   1.13-1
Chapter 1.14. Institution of Directors [Appointment and Qualifications of Directors (Section 149 to 165, 167 to 172)]   1.14-1
Chapter 1.15. Duties of Directors (Section 166)   1.15-1
Chapter 1.16. Meetings of the Board and its Powers (Section 173 to 176)   1.16-1
Chapter 1.17. Meetings of Board Committees-Mandatory Board Committees (Section 177, 178)   1.17-1
Chapter 1.18. Governance of Committees (Mandatory and Non-Mandatory)   1.18-1
Chapter 1.19. Liability of Directors and KMP [Appointment and Remuneration of KMPs (Section 196 to 203)]   1.19-1
Chapter 1.20. Safeguarding Directors   1.20-1
Chapter 1.21. Secretarial Audit and Compliances (Section 204)   1.21-1
Chapter 1.22. Compromises, Arrangements and Amalgamation (Mergers and Amalgamations) (Section 230 to 240)   1.22-1
Chapter 1.23. Prevention of Oppression and Mismanagement (Section 241 to 246)   1.23-1
Chapter 1.24. Penalties and Compounding of Offences   1.24-1
Chapter 1.25. Related Party Transactions (Section 2(76), 177, 188)   1.25-1
Chapter 1.26. Corporate Social Responsibility (Section 135)   1.26-1
Chapter 1.27. Managing CSR and Engaging Stakeholders   1.27-1
CHAPTER 2 SECRETARIAL STANDARDS
Chapter 2.1. Secretarial Standard on Meetings of Board of Directors (SS-1)   2.1-1
Chapter 2.2. Secretarial Standard on General Meetings (SS-2)   2.2-1
CHAPTER 3 SECURITIES LAWS AND REGULATIONS
Chapter 3.1. SEBI Act, 1992   3.1-1
Chapter 3.2. SEBI (LODR) Regulations, 2015   3.2-1
Chapter 3.3. SEBI(ICDR) Regulations, 2018   3.3-1
Chapter 3.4. Securities Contracts (Regulation), 1956   3.4-1
Chapter 3.5. Depositories Act, 1996   3.5-1
CHAPTER 4 INDEPENDENT DIRECTOR
Chapter 4 Independent Director (Section 149) and the Companies (Appointment and Qualification of Directors) Rules 2014   4-1
CHAPTER 5 CORPORATE GOVERNANCE & STRATEGY
Chapter 5.1. Corporate Governance   5.1-1
Chapter 5.2. Governance & Strategy   5.2-1
Chapter 5.3. Corporate Policies & Disclosures   5.3-1
Chapter 5.4. Board Effectiveness and Culture   5.4-1
Chapter 5.5. Training of Directors   5.5-1
Chapter 5.6. Exemplary Board   5.6-1
Chapter 5.7. Building Resilient Company-Board’s Role   5.7-1
CHAPTER 6 FINANCIAL ACCOUNTANCY
Chapter 6.1. Accounting Standards   6.1-1
Chapter 6.2. Understanding the Balance Sheet and Profit and Loss Account   6.2-1
Chapter 6.3. Understanding the Cash Flow Statement   6.3-1
Chapter 6.4. Understanding the Board’s Report and the Companies (Accounts) Rules, 2014   6.4-1
Chapter 6.5. Understanding Auditor’s Report (CARO)   6.5-1
Chapter 6.6. Managing through Financial Ratios   6.6-1
CHAPTER 7 CASE STUDIES
Chapter 7.1. WorldCom Inc: A Case Study on Modus Operandi of Fraud   7.1-1
Chapter 7.2. Enron Corporation: A Journey from Peak to Bottom   7.2-1
Chapter 7.3. Volkswagen: A Story of Device Fixing to Defeat Emission Test Check   7.3-1
Chapter 7.4. Olympus Corporation: Not Just an Accounting Scandal, but A Mindset for Unethical Behaviour   7.4-1
Chapter 7.5. Hydro One: Implementation of Enterprise Risk Management   7.5-1
Chapter 7.6. Satyam Computer: From Best Governance to Bad Governance   7.6-1
Chapter 7.7. Maruti Suzuki (I) Ltd v. Suzuki Motor Gujarat Pvt Ltd: A Deal of Related Party Transaction   7.7-1
Chapter 7.8. What went wrong in Punjab & Maharashtra Co-operative Bank Ltd.   7.8-1
Chapter 7.9. Corporate Governance Failure: Yes Bank   7.9-1
Chapter 7.10. Story of Ups-Down-Up: Alok Industries Ltd.   7.10-1
Chapter 7.11. Downfall of Real Estate Empire: Amrapali   7.11-1
Chapter 7.12. Financial Crisis in IL&FS   7.12-1
Chapter 7.13. Bhushan Power & Steel   7.13-1
Chapter 7.14. Essar Steel   7.14-1
Biographical note

Dr. Rajeev Babel

Company Secretary & Insolvency Professional

Educational Qualification:

FCS, Ph.D., MBA, AIIB, LLB, LLM (Bus. Laws), M. Com

Diploma in Corporate Governance (ICSI)

Diploma in Internal Audit (ICSI-NIFM)

Diploma in Bank Management (IIBF)

Diploma in Financial Services (IIBF)

Diploma in Training & Development (ISTD)

Certificate Course in GST (ICSI-NIFM)

Passed Online Proficiency Self-Assessment Test for Independent Director Conducted by the IICA.

The author is a Fellow Member of the Institute of Company Secretaries of India and an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India. He is also an Associate Member of Indian Institute of Banking and Finance, Mumbai He had privileged of working for 30 years in banking domain in mana-gerial capacity with Bank of Rajasthan Ltd and ICICI Bank Ltd. Having interest in academic field, he appeared as visiting faculty in various Management Institutes & Professional Institutes.

Excerpt

Handbook for

INDEPENDENT DIRECTORS EXAMINATION

(with MCQs)

Handbook for

INDEPENDENT DIRECTORS EXAMINATION

(with MCQs)

Handbook for

INDEPENDENT

DIRECTORS

EXAMINATION

(with MCQs)

THIRD EDITION

Dr. Rajeev Babel, FCS & IP

Handbook for

INDEPENDENT

DIRECTORS

EXAMINATION

(with MCQs)

THIRD EDITION

Dr. Rajeev Babel, FCS & IP

Third Edition, 2024

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage or retrieval system, without prior permission in writing from the publishers.

No responsibility for loss caused to any individual or organization acting on or refraining from action as a result of the material in this publication can be accepted by Bloomsbury or the author.

The content of this book is the sole expression and opinion of its author, and not of the publisher. The publisher and author in no manner is liable for any opinion or views expressed by the author. While best efforts have been made in preparing this book, the publisher makes no representations or warranties of any kind and assumes no liabilities of any kind with respect to the accuracy or completeness of the content and specifically disclaims any implied warranties of merchantability or fitness of use for a particular purpose.

The publisher believes that the content of this book does not violate any existing copyright/intellectual property of others in any manner whatsoever. However, in case any source has not been duly attributed, the publisher may be notified in writing for necessary action.

BLOOMSBURY and the Diana logo are trademarks of Bloomsbury Publishing Plc

ISBN 978-93-56406-81-0

Bloomsbury Publishing India Pvt. Ltd

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Here you will find extracts, author interviews, details of forthcoming

Third Edition, 2024

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage or retrieval system, without prior permission in writing from the publishers.

No responsibility for loss caused to any individual or organization acting on or refraining from action as a result of the material in this publication can be accepted by Bloomsbury or the author.

The content of this book is the sole expression and opinion of its author, and not of the publisher. The publisher and author in no manner is liable for any opinion or views expressed by the author. While best efforts have been made in preparing this book, the publisher makes no representations or warranties of any kind and assumes no liabilities of any kind with respect to the accuracy or completeness of the content and specifically disclaims any implied warranties of merchantability or fitness of use for a particular purpose.

The publisher believes that the content of this book does not violate any existing copyright/intellectual property of others in any manner whatsoever. However, in case any source has not been duly attributed, the publisher may be notified in writing for necessary action.

BLOOMSBURY and the Diana logo are trademarks of Bloomsbury Publishing Plc

ISBN 978-93-56406-81-0

Bloomsbury Publishing India Pvt. Ltd

To provide feedback, please mail at professionalbooks@bloomsbury.com

To find out more about our authors and books

Here you will find extracts, author interviews, details of forthcoming

Third Edition, 2024

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage or retrieval system, without prior permission in writing from the publishers.

No responsibility for loss caused to any individual or organization acting on or refraining from action as a result of the material in this publication can be accepted by Bloomsbury or the author.

The content of this book is the sole expression and opinion of its author, and not of the publisher. The publisher and author in no manner is liable for any opinion or views expressed by the author. While best efforts have been made in preparing this book, the publisher makes no representations or warranties of any kind and assumes no liabilities of any kind with respect to the accuracy or completeness of the content and specifically disclaims any implied warranties of merchantability or fitness of use for a particular purpose.

The publisher believes that the content of this book does not violate any existing copyright/intellectual property of others in any manner whatsoever. However, in case any source has not been duly attributed, the publisher may be notified in writing for necessary action.

BLOOMSBURY and the Diana logo are trademarks of Bloomsbury Publishing Plc

ISBN 978-93-56406-81-0

Bloomsbury Publishing India Pvt. Ltd

To provide feedback, please mail at professionalbooks@bloomsbury.com

To find out more about our authors and books

Here you will find extracts, author interviews, details of forthcoming

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