Second National Conference on New Company Law

THE OFFICIAL BANNER

ABOUT CONFERENCE

Symbiosis Law School, Noida feels pleasure and privilege in inviting you to the Second National Conference on New Company Law, being organized. The Conference is organized by Symbiosis Law School, Noida, U.P.- India in association with Corporate Law Advisor and CLAonline on March 30, 2013.

One of the dominant underlying consideration for enactment of new Act during 50`s for young India was – company legislation for a Welfare State where State assumes a paternalistic role and steps into all walks of its citizens` daily existence. The State thus becomes a great underwriter. Hon’ble Supreme Court echoed similar sentiments in 1951. Companies Act 1956 was thus enacted with democratic character with striking socialist features. This approach is ideally best suited for an under-developed economy, as was India the then.

With the adoption of LPG accompanied by commensurative economic and financial reforms, Indian economy has exhibited sustainable robustness. Our Companies Act had been repeatedly amended in bits and pieces to respond to the churning dynamics of Indian Inc. Continued retention of many redundant provisions defeated the intended objectives. Not to however suggest that attempts were not made to adopt a new Companies Act, all sincere efforts could not succeed. Companies (Amendment) Bill, 2003; containing important provisions relating to corporate governance was also introduced, the consideration of which was held back in anticipation of the comprehensive review of the Company Law. While piecemeal reform continued through amendments, it had not yet been possible to bring about comprehensive, new legislation to replace the existing Act. At the same time, economic restructuring around the globe necessitated many a countries including UK, Australia, Canada, and New Zealand etc to comprehensively reform their Companies Act to be more responsive and facilitate sustainable economic development. For the first time in the legislative annals of India, a committee of stakeholders headed by Dr. J J Irani, Director, Tata Sons Ltd comprising of practitioners of Companies Act to say Industry Chambers, Professionals, Legal experts, Professional Institutes were `entrusted with the task of advising the Government on the proposed revisions to the Companies Act, 1956. The objective of this exercise is perceived as the desire on the part of the Government to have a simplified compact law that will be able to address the changes taking place in the national and international scenario, enable adoption of internationally accepted best practices as well as provide adequate flexibility for timely evolution of new arrangements in response to the requirements of ever-changing business models. It is a welcome attempt to provide India with a modern Company Law to meet the requirements of a competitive economy. After going through legislative rigour the Companies Bill 2012 (hereinafter referred to as the `Bill`) was passed by Lok Sabha on 18th December 2012.

This Conference aims at bringing out various merits and demerits, if any, involved in the New Company Law.

THEMES OF THE CONFERENCE

Original papers are invited from Academicians, Business Executive, Advocates, Researchers and students engaged in the field of Law and Management. The participant will be provided unique platform for exchanging ideas and disseminating their take on New Company Law.

Original papers in different areas are invited on the following Themes and Sub Themes:

Underlying Philosophy and New Concepts: One Person Company; Small Companies; Associate Companies; Holding--Subsidiary Companies; Dormant Companies; Key Managerial Personnel; Secretarial Audit; National Financial Reporting Authority; Sweat Equity; Class Action Suits

Board Management and Administration: General Meetings; Proxy; Annual Return; Secretarial Standards for Board and General Meetings; Board of Directors; Duties of Directors; Appointment and Remuneration of Managerial Personnel; Functions of Company Secretary

Merger & Acquisition: Streamlined timelines for amalgamation; Merger of listed company with unlisted company; Short form merger; Cross Border merger

Auditors and Auditing: Appointment of auditors; Prohibition on providing non-audit services

Corporate Governance and CSR: Independent Directors; Related Party Transactions; Audit committee; Nomination and Remuneration Committee; Stakeholders Relations Committee; Prohibition in forward dealings in securities by Directors/ KMPs; Prohibition on insider trading of securities; Use of technology in administration of companies; Corporate Social Responsibility and its reporting

WHO CAN ATTEND THE CONFERENCE

Original papers are invited from Academicians, Business Executive, Advocates, Researchers and students engaged in the field of Law and Management. The participant will be provided unique platform for exchanging ideas and disseminating their take on the New Company Law.

GUIDELINES FOR FULL PAPER

The participants will have to submit the soft copy of the final paper followed by at least five keywords to the conference secretary on conference@symlaw.edu.in on or before March 05, 2013 by 11:00pm. It should contain the author’s name(s), affiliations(s), full postal address, email ID, and telephone/fax number along with the title of the paper on the front page. All submitted papers will go through a blind peer-review process carried out by Reviewers and participants will be notified of the result through the mail. Top 10 papers declared by the Panel of Reviewers will be eligible for publication in the Book to be published by Corporate Law Adviser and CLAonline.

1. Papers must be written in English.
2. The paper must be accompanied with the author’s name(s), affiliation(s), and full postal address, email ID, and telephone number along with the title of the paper on the front page.
3. Papers should not exceed ten pages (A4 size), with the following layout: top margin 1; bottom margin 1; left margin 1.5; right margin 1.
4. Papers must be written in MS Word using Times New Roman, font size 12; 1.5 line spacing; left side alignment; paragraph indenting of 1,5; page numbers inserted on the upper right side.
5. Papers should start with a title page. Title page structure is the following:
   • Title at the center, first letter capitalized, size 16, boldface;\
   • Insert name of the first author (s) in size 14, at the center.
   • Then, the name of the author’s institution and his electronic address, using font size 10.
6. References must be written at the end of the paper.
7. Avoid footnotes. In case these cannot be avoided, locate them at the end of the text, right before the references.
8. Tables or figures must have titles.

To keep the research paper resourceful and interesting, following points to be considered: Articles should not be unduly long; Ramble discussion to be avoided; Divide discussion into convenient paras and sub-paras giving suitable captions to them; Lengthy excerpts from the judgments to be avoided; Avoid stating facts of the case; ratio of the judgment is enough.

Registration (on or before March 15, 2013) and presentation of the paper (selected) by at least one author in the Conference is mandatory to ensure inclusion of the paper in the book. The contributors are requested to register themselves at an early date. Conference book will be distributed free to only those participants whose paper is shortlisted for publication.

BEST PAPER AWARD

The Conference Committee will select two research papers for the Best Paper Award. Authors wishing to apply for the award should follow the standard procedure for submission of Conference full papers. However, for a paper to gain this award one of the authors must have attended the Conference and presented the paper. The winner of the Best Conference paper will receive a money prize and a certificate during the closing session of the conference. Please note that paper sent after the last date of registration will not considered for the award.

ABOUT REGISTRATION

Delegate Category	Fee in Rs
Business Executive/Advocates	Rs. 2500
Academician (Faculty)	Rs. 1000
Research Scholar / Students	Rs. 750

The registration fee (with the name of the participant, the title of the paper, contact number and email address stated in the covering letter) for the participants shall be sent in the form of Demand Draft drawn in favor of ‘Symbiosis Law school, Noida’ payable at Noida. The fee should reach the Conference Secretariat by March 20, 2013 at the following
address:

Dr. Pushpa Negi

(Conference Secretary)
Second National Conference
Symbiosis Law School
Sector- 62, Block-A, Plot No-47/48, Noida-201301
U.P.-India

Ph: +91 (O) 120 2405061, 63
Mob: +91 9718055992
Fax: 0120 2405064
Email: pushpa@symlaw.edu
Website: www.symlaw.edu.in

ORGANIZING COMMITTEE

1) Chief Patron

Padma Bhushan Dr. S. B. Mujumdar
Chancellor Symbiosis International University

2) Patron

Dr. Vidya Yeravdekar
Acting Vice Chancellor, Symbiosis International University
Principal Director, Symbiosis

Dr. Rajani R. Gupte
Pro Vice Chancellor, Symbiosis International University

3) Conference Chairman

Dr. C. J. Rawandale
Director, Symbiosis Law School, Noida
Ph: +91- 0120 2405062
Email: director@symlaw.edu.in

4) Conference Secretary

Dr. Pushpa Negi
Assistant Professor, Symbiosis Law School, Noida
Mob: +91 9718055992
Ph: +91-120 2405063/61
Email: pushpa@symlaw.edu.in

Sukhvinder Singh Dari
Assistant Professor, Symbiosis Law School, Noida
Mob: +91 9990985999
Ph: +91- 0120 2405061
Email: sukhvinder@symlaw.edu.in

5) Advisory Committee

Mr. N K Jain, Former Secretary, ICSI
Mr. V K Aggarwal, Former Principal Director-ICSI
Mr. Lalit Kumar, Partner J Sagar Associates, Advocates & Solicitors
Mr. Rohit Kumar, General Counsel, United Phosphorous Ltd. Mumbai
Mrs. Mamta Bhargava, Company Secretary and Executive Editor CLA)
Mr. Yug Samrat, Company Secretary Network 18
Mr. Saurabh Kalia, Partner Sastra Legal
Mr. Amitav Ganguly, Former Company Secretary Ansal Properties Limited
Mr. Pramod Jain, Partner Lunawat and Company
Mr. Manuj Bhargava, Company Secretary and Publisher CLA, CLAonline
Dr. S. N. Ghosh, Visiting Professor, Symbiosis Law School, Noida

ABOUT NOIDA

Noida came into administrative existence on 17th April 1976. Sanjay Gandhi set it up as part of an urbanization thrust during the controversial Emergency period (1975-1977). The name NOIDA is an acronym for the New Okhla Industrial Development Authority; in fact it is an area under the management of the New Okhla Industrial Development Authority. It is located in GautamBudhNagardistrict of UttarPradesh state and is equidistant from Ghaziabad and Delhi. Noida, an integrated industrial city with ample facilities is considered to be one of the most modernized cities of India to be precise. It is a part of National Capital Region (NCR) and it was developed near Delhi as a modern industrial city.

Noida spread across 203.16 km², 50% of its half a million population daily commute to Delhi, solely for the purpose of work. The famous Delhi-Noida-Delhi (DND) Flyway connecting NOIDA with Delhi runs across the river Yamuna and receives a good patronage from office-goers in the city making communication easier. Noida is a glamorous suburb of Delhi and has many malls, hotels, restaurants, nightclubs and cinema multiplexes. It also has large residential colonies, with more and more of them developing in Greater Noida. The township also has many prestigious educational institutions, schools and hospitals. Noida is one of the largest industrial townships of Asia. It has an IT hub with several leading software companies and BPOs operating from there, as well as a Special Economic Zone that has attracted many offices and industries. The film City in Sector 16A is a major production center for TV serials and films. Noida also has a large sports stadium, which is being upgraded currently to host events of the 2010 Commonwealth Games.

Season and Climate

The latitude and longitude of Noida are 28º2' N and 70º30' E respectively. October is considered as the best time to visit Noida because of balanced temperature; it lies from 31ºC (highest) to 19ºC (lowest) in this month.

How to Reach Noida

By Air: The distance between Indira Gandhi National Airport and Noida is 21.18 kilometers by road. There is good accessibility of flights for Delhi from almost all regions of India.
By Rail: Delhi is the nearest railhead as Noida does not have a railway station. It takes 15 minutes by taxi to reach Noida. It takes 45 minutes from New Delhi Railway stations and 30 minutes from Nizamuddin Railway station to Noida.
By Road: Noida is extremely well linked by a good network of roadways and road transport. It is well linked with Delhi (9.83 km), Gurgaon ( 35 km), Jaipur (235 km), Lucknow (402), Agra (171 km), Mathura (km), Dehradun ( 206 Km), Chandigarh ( 290 km) and Jammu ( 517 km).

VENUE

Symbiosis Law School
(Constituent of Symbiosis International University)
Sector- 62, Block-A, Plot No-47/48, Noida - 201301
U.P. - India Ph: +91 (0) 120 2405061, 63.
Fax: 0120 2405064,
Website: www.symlaw.edu.in

ROUTE MAP

Route Map: New Delhi Railway Station to SLS-Noida