Program Dates
Place Date
Delhi 04 Apr 2020
Bengaluru 18 Apr 2020
Hyderabad 18 Apr 2020
Kochi 25 Apr 2020
About the Program

The Ministry of Corporate Affairs, with the objective of strengthening the institution of Independent Directors, launched the Independent Director’s Databank in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder, which are effective from December 01, 2019. Under the Rules, any person who is willing to be appointed or is already an Independent Director is required to pass an ‘online proficiency self-assessment test’ conducted by IICA with at least 60% marks. The online test will be available for the participants from 01st of March 2020.

Institute of Directors, the training partner for the above exercise, is organising ‘One Day Training | Refresher Programme for Independent Director’s Proficiency Test’ on PAN India basis.


Program Benefits
  • To help the participants prepare and qualify in the Proficiency Test
  • To enhance their knowledge and awareness about their duties, roles and responsibilities as an Independent Director.
  • To provides a wide array of exposure on various topics covering the Companies Act, Corporate laws, financial literacy, independent directors, board ethics and board effectiveness.
  • To enable Independent Directors to understand the functioning and skills of independent directors, acquire knowledge from diverse resources, develop distinct skills and assess their understanding on company operations, regulations and compliances.

One Day Refresher Program Contents.

The training course offers a range of training modules relevant to Independent Directors for preparation of online proficiency self-assessment test, with the latest regulatory requirements, global trends and practices.

Module - 1
Introduction to Independent Director's repository & Requirements of online proficiency self-assessment test.

This module will discuss about the creation and maintenance of databank of Independent Directors and the requirements of the online proficiency self-assessment test.
Module - 2
Companies Act, 2013 & SEBI Regulations.

This module will provide an overview of the important provisions of the Companies Act and SEBI LODR regulations which deals with the ways companies are incorporated, how it is managed by the board and the manner in which the board interacts with their stakeholders.

Module - 3
The Board’s legal Environment and Corporate Governance.

The module provides an essential understanding of the role, duties, legal responsibilities and liabilities of Directors and the working environment of a board.
Module - 4
Roles & Responsibilities of Independent Directors for Improving Corporate Credibility and Governance Standards.

This module covers the role, functions, rights, liabilities of Independent Directors who have become a very important part of Boardroom. It provides the understanding of nuances of this role, selection criteria, tenure and maximum no of Directorships.
Module - 5
Financial Literacy for Directors.

Financial Literacy is a key skill for any Director. This module provides an understanding of the statutory provisions, financial terms and concepts, financial statements, key accounting standards, source of finance and budgeting. The module will assist a director to further understand the role in evaluating the health of the organization including its liquidity position and solvency, key aspects of Mergers & Acquisitions, decision making and control and identifying early warning signs of financial failures.
Module - 6
A Sample Exercise: Mock Test.

This session will conduct an indicative exercise on possible testing procedure and typical questions as published on the MCA website.
Registration Fee -
Delegate Fee (Per Participant) GST 18% (SAC999293) Total Amount payable
Rs. 13,000 Rs. 2,340 Rs. 15,340

Discount on Registration Fee :

  1. 10% for IOD members.
  2. 15% for Alumni of Masterclass for Directors of IOD.
  3. 10% for Woman participants.
  4. Additional 5% for those booking / paying for the course, more than 10 days in advance.
    (In any scenario, maximum discount that can be extended is 20% in total).

Disclaimer :

IOD reserves the right to change course contents, faculty or cancel/ postpone a course for reason beyond its control. Paid participants will be entitled to attend the next course at any convenient location to the participant, where the course is being conducted, within 3 months from the registration date. Once registered, refund cannot be claimed.
Details Institute of Directors, M-56 A, GK Part-II (Market), New Delhi - 110048, India
Tel No. +91-11-41636294, 41636717, 41008704, Fax : +91-11-41008705
E-mail :
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