Enroll Course: https://www.udemy.com/course/ind-dir-mocktest/
Embarking on the journey to become an Independent Director (ID) in a listed Indian company is an exciting and rewarding career move. The industry is actively seeking qualified and experienced individuals to fill the significant gap in this crucial role. As an ID, you’ll play a vital part in corporate decision-making, enjoy respectable industry standing, and receive attractive compensation, often including sitting fees and performance bonuses. Beyond financial rewards, the role offers immense personal growth through learning about diverse companies, sectors, and industries, as well as invaluable networking opportunities with fellow directors, MDs, and CEOs.
To serve as an ID in India, a mandatory requirement, established in October 2019 by the Ministry of Corporate Affairs (MCA), is to pass an online self-assessment proficiency test conducted by the Indian Institute of Corporate Affairs (IICA). This test ensures that only competent individuals with a solid grasp of the Companies Act, board decisions, and their implications are eligible. Aspiring directors must also be listed on the IICA’s databank. Those not exempted have a two-year window from their databank inclusion to clear this test.
For anyone preparing for this crucial examination, Udemy offers a highly recommended preparatory course: ‘Independent Directors Preparatory Test.’ This course is designed as a comprehensive resource, offering four mock tests to familiarize candidates with the exam’s content and format. The syllabus is extensive, covering key areas such as the Companies Act 2013, Securities Law, fundamental accounting principles, financial ratios, secretarial audit, secretarial standards, board composition and functions, corporate social responsibility, corporate frauds (including case studies), and enterprise risk management.
While individuals from non-business backgrounds might find the exam challenging, the course provides a structured approach to learning. It’s advisable to have a working knowledge of the Companies Act 2013, which is available for free download from the MCA website, before diving into the mock tests. These practice tests are not about speed but about understanding core concepts and identifying the correct answers, even when multiple options seem plausible.
This Udemy course is an excellent tool to build your knowledge, boost your confidence, and significantly enhance your chances of successfully passing the mandatory proficiency test. It’s a practical step towards a fulfilling and impactful career as an Independent Director in India. Good luck!
Enroll Course: https://www.udemy.com/course/ind-dir-mocktest/