4th February, 2020
SCOPE organized program on “Implications of Union Budget 2020” to familiarize Public Sector executives about the Budget, which was also Webcast live. Mr. Atul Sobti, Director General, SCOPE, Mr. S.K. Gupta Director (Finance), IOCL ,Prof. N.R. Bhanumurthy of National Institute of Public Finance & Policy and Mr. Sumit Singhania, Partner, Deloitte Touche Tohmatsu India LLP. addressed the inaugural session.
Mr. Atul Sobti, DG, SCOPE in his address appreciated Government’s strong impetus to both investment and consumption - the key drivers in boosting the economy. Calling the budget inspirational, Mr. Sobti said the focus on all sectors has given Public Sector Enterprises (PSEs) a more imperative role in contribution to the overall economy.
Mr. Gupta, Director (Finance), IOCL laid emphasis on Direct and Indirect Taxes as tax management is a very important topic leading to savings in organisations.
Prof. Bhanumurthy gave the macro perspective of the Budget and said that it addressed several issues while aiming to make India $5 trillion economy. Deloitte Touche Tohmatsu India LLP., the knowledge partner of the program gave presentations on various aspects of Union Budget 2020 during the program, which was attended by a large number of senior officials of PSEs.
December 3, 2019
Standing Conference of Public Enterprises (SCOPE) in association with The Institute of Company Secretaries of India (ICSI) organized an Interactive Program on “Recent Changes under the Companies Act 2013”. Mr. Ranjeet Pandey, President, ICSI, Mr. Atul Sobti, Director General, SCOPE and Mr. S. Sakthimani, Director (Finance), CCI addressed the inaugural session. The session was attended by a large number of senior executives from over 50 public sector enterprises from across the country.
Mr. Ranjeet Pandey, President, ICSI discussed the way process for good corporate governance in PSEs. He focused on the usage of artificial intelligence in the compliance management as well as compliance monitoring.
Mr. Atul Sobti, DG, SCOPE mentioned that the new Companies Act makes the corporate model citizens of the country with equal importance to ‘good’ profit and governance. He outlined that amendments in the Companies Act attempts to strike a balance between ease of doing business and corporate governance.
Mr. S. Sakthimani, Director (Fin), CCI emphasized on rules and regulations relating to Companies Amendment Act, 2019 including independent directors.