Introduction:
Corporate regulation in India is the responsibility of the Ministry of Corporate
Affairs acting through regulatory bodies, special organizations and field staff
spread out all over India. Staffing of this regulatory structure is done through
officers taken from the cadre of Indian Corporate Law Service (ICLS).
Induction Training:
The ICLS Academy, located at Manesar Campus of the Indian Institute of Corporate
Affairs (IICA), has the responsibility for conducting the induction training for
the Probationary Officers (POs) belonging to the Indian Corporate Law Service (ICLS).
The first batch of POs of ICLS, recruited through the Common Civil Services Examination
conducted by UPSC, are under induction training since December, 2010 after a three
months' foundational course at other academies.. The POs will join the different
offices under the Ministry of Corporate Affairs on completion of the induction training
in September 2012.The second batch of Pos of ICLS have joined the IICA on 20th December
2011 for the Induction Training programme for 21 months.
Mid Career Orientation Training:
The Academy will also conduct orientation and training programmes for more than
1500 officials of ICLS and subordinate cadres currently serving across India as
part of the field organization of the Ministry of Corporate Affairs. These training
programmes of varying duration ranging from one to six weeks will focus on specific
professional knowledge and skill areas. Training courses will also be organized
for other regulatory bodies and special organizations attached to the Ministry of
Corporate Affairs. The Academy eventually plans to also offer training programmes
in Corporate Law and Regulation to officials from other agencies and departments
of the Central and State Governments as well as the general public.
Training Methodology:
The ICLS Academy will use the latest training methodologies coupled with high quality
training material comprising self-learning modules, case studies, scenario analysis,
problem solving, project development/writing, etc. It will be provided with modern,
state of the art facilities for its activities and will network with other premier
academic and training institutions in India and abroad in pursuance of a constant
quest for excellence.