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Indian Institute of Corporate Affairs (IICA)

Indian Institute of Corporate Affairs

The Indian Institute of Corporate Affairs (IICA) was registered as a society on September 12, 2008 under the Societies Registration Act, 1860. An autonomous institute, IICA works under the aegis of the Ministry of Corporate Affairs to deliver opportunities for research, education, and advocacy. It is also a think tank that curates a repository of data and knowledge for policy makers, regulators as well as other stakeholders working in the domain of corporate affairs.

Set up as the premier organisation that aims at providing astute and credible intellectual leadership in corporate regulation, governance and running sustainable businesses, IICA is a think-tank, capacity building and service delivery institute. Its work enables corporate growth, reforms and regulation through synergised knowledge management, and global partnerships thus offering real-time solutions. IICA propels knowledge and training through its network of schools and centres. It has six departments and six hubs of excellence carrying this vision forward.

The institute, spread across a sprawling 14-acres, has state-of-the art infrastructure. Its main building is eight storeyed high and is eco-sensitive. The campus has residential blocks, hostel facilities for staff and students, recreational centre, a well-stocked library, an in-house auditorium and an efficient knowledge management system.

Key activities carried out by IICA include induction and in-service training to Indian Corporate Law Service (ICLS) officers, capacity-building and training programmes, policy advisory functions, public outreach and stakeholder consultations through seminars, conferences and forums.

IICA also supports Ministry of Corporate Affairs (MCA) initiatives on all matters relating to Corporate Affairs. Anticipation of corporate needs for effective functioning, reviewing corporate laws for effective amendments to cater to evolving business environments, exploring new paradigms such as investor education, and periodic reviews and updation of definitions, components and activities related to corporate governance are other prominent initiatives of the institute.

Objectives

  • To develop and establish a new discipline of ‘Corporate Affairs’ for holistic treatment of matters impacting on corporate functioning and provide instruction and capacity building in the subject to a wide range of stakeholders drawn from the government, regulators, professionals and public.
  • To establish the Academy for the Indian Corporate Law Service for training and capacity building of officials of the Ministry of Corporate Affairs and its attached bodies and organizations;
  • To provide special focus on ethical corporate governance, corporate social responsibility, inclusive growth and sustainable development with emphasis on innovation and entrepreneurship in SME’s;
  • To provide a platform to the Government, business, academia, professionals, and civil society to converge and interact to enable responsible corporate governance.
  • To act as a Think-Tank to advise Government on various issues impacting corporate functioning including e-governance initiatives;
  • To take up action research, consultancy, incubation, hand-holding and problem-solving to enable innovative governance solutions for inclusive growth and entrepreneurial excellence with focus on ethical business management practices.
  • To establish partnerships with other Universities, educational and capacity building institutions and think tanks for sharing of knowledge expertise and taking up joint programmes for capacity building for responsible corporate governance, regulation and inclusive growth.