Indian Institute of Corporate Affairs Revenue and Competitors

IICA is set up as an autonomous institute which works under the aegis of the Ministry of Corporate Affairs to deliver opportunities for research, education, and advocacy. There was a need to develop systems for regulation, enforcement and service delivery. Thus, to build the capacities of people working in the system and to forecast trends and markets in the ever changing business environment through constant interaction with the factors involved. Set up as the premier organisation with an aim of providing astute and credible intellectual leadership in corporate regulation, governance and running sustainable businesses, IICA is a think-tank, capacity building and service delivery institute. Its work enables corporate growth, reforms and regulation through synergised knowledge management, and global partnerships thus offering real-time solutions. The institute has in-house professors catering to various capacity development needs of the fast changing environment of the corporate world. It also invites guest faculties to address specific needs of a training module if required from reputed organisations, legal firms, MCA, etc. The key activities carried out by IICA include induction and in-service training to Indian Corporate Law Service (ICLS) officers, capacity-building and training programs, policy advisory functions, public outreach and stakeholder consultations through seminars, conferences and forums. IICA also supports Ministry of Corporate Affairs (MCA) initiatives on all matters relating to Corporate Affairs. Anticipation of corporate needs for effective functioning, reviewing corporate laws for effective amendments to cater to evolving business environments, exploring new paradigms such as investor education, and periodic reviews and updating of definitions, components and activities related to corporate governance are other prominent initiatives of the institute.