Independent Director: Eligbility : PhD
[ 5yrs Serving period shareholders will do it after 1 yr.]
1. 10% ---Exam: syllabus : moderate 50*2=100 M 1:15 hrs > 60% pass ,
no.of attempts [ ministry of corporate affairs IICA – book a slot ]
2. 20% Register Independent Director data bank.
3. 30% Empanelment – license [ Govt .. online process 1yr -> 5000+gst ,
5yr15k+gst, lifespan ->25K+gst ]
4. 40%Branding – -personal branding.
Roles & Responsibilities
Stratrgies, Future directions , growth
Advisory position – your expertise
Roles : neutral – shareholders & company
Responsibilities:
Guide – share expertise , 5-6 board meetings in a single company
Collective: Voice / reason /
Review: goals set – annual, quarterly …
Watchdog Transparency – notify meeting / MD fin report – summarised report on
different verticals
Make sure , misplacements highlighted .. Procedures well followed.
Send to shareholders
Entrust of shareholder
Sebi – report goes to govt.
1 compnany of same nature
Can work upto 7 companies -as long as the nature of biz is different
For Eg: Ur ID for TCS company , then u cant be an ID for companies like
Infosys / wipro/ techMahindra etc..or any corporate company with simialr
nature of business
SYLLABUS:
Companies Act 2013
Securities Law and SEBI Regulations
Financial Literacy and Basic Accountancy
Corporate Governance
The Indian Institute of Corporate Affairs (IICA), authorized by the Ministry of
Corporate Affairs, provides a mock test on its Independent Directors Databank
platform to help candidates familiarize themselves with the test environment. There
are no official "model question papers" released for the Independent Director's
online proficiency self-assessment test. The exam consists of multiple-choice
questions based on the topics covered in the IICA's e-learning modules.
Exam Pattern and Syllabus
The online proficiency self-assessment test is designed to test an individual's
knowledge and understanding of the laws and principles relevant to the role of an
independent director.
Exam Format: The test consists of 50 multiple-choice questions worth a
total of 100 marks. Candidates have 75 minutes to complete the exam.
Question Types: Questions are divided into two parts:
o Board Essentials (25 questions): These are direct knowledge
questions on laws, regulations, and governance concepts.
o Board Practices (25 questions): These are scenario-based
questions that require applying knowledge to real-life situations.
Passing Score: The minimum passing score is 50%. There is no limit on the
number of attempts to pass the test.
Syllabus: The exam covers four main areas:
o Companies Law: Primarily focuses on the Companies Act, 2013,
including provisions related to directors' duties, board meetings, and
compliance.
o Securities Law and SEBI Regulations: Covers regulations like the
SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, and insider trading rules.
o Financial Literacy and Basic Accountancy: Includes understanding
financial statements (Balance Sheet, Profit & Loss, Cash Flow
Statement) and identifying financial red flags.
o Corporate Governance Fundamentals: This section covers
principles of good governance, the role of an independent director in
risk management, board evaluation, and case studies of corporate
failures.
please downlaod model paper pdf
Google Search
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The Indian Institute of Corporate Affairs (IICA) does not release official model
question papers in PDF format for the Independent Director's online proficiency test.
The exam is conducted online and is computer-based. However, the IICA's
Independent Directors Databank platform provides a mock test to help
registered candidates become familiar with the exam's format and question types.
Key Exam Details
Format: The exam is an online, proctored, multiple-choice question test.
Syllabus: The questions are based on the e-learning modules available on
the IICA Independent Director's Databank. The syllabus covers:
o Companies Law
o Securities Law and SEBI Regulations
o Financial Literacy and Basic Accountancy
o Corporate Governance Fundamentals
Question Structure: The 50 questions are split into two parts:
o Board Essentials (25 questions)
o Board Practices (25 questions)
Passing Score: A minimum score of 50% is required to pass.
Attempts: There is no limit on the number of attempts to pass the exam.
solved question paper book pdf
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Try again without apps
The Indian Institute of Corporate Affairs (IICA) does not release official solved
question papers or model papers in a PDF format. The proficiency test is conducted
online and the IICA provides a mock test on its Independent Director's Databank to
help candidates prepare.
However, there are several handbooks and guides published by private authors
and publishers that include multiple-choice questions (MCQs) with solutions
to help candidates prepare for the exam. These books are designed to cover the
official syllabus, which includes:
Companies Law
Securities Law and SEBI Regulations
Financial Literacy and Basic Accountancy
Corporate Governance
Some of the popular books with MCQs and solved questions for the Independent
Director exam include:
"Handbook for Independent Director's Examination (With MCQs)" by
Dr. Rajeev Babel.
"Guide for Independent Directors" by Dr. Sanjiv Agarwal.
"How to Pass an Independent Directors Exam Easily: Model
Questions & Important Exam Topics Handbook" by CA. Gonugunta
Murali.
These books are available for purchase from various online and physical bookstores.
They serve as valuable resources for candidates by providing a structured approach
to the syllabus and a practice set of questions to test their knowledge.
