Independent Directors Preparatory Test

🎓 Independent Directors Preparatory Test: Mock Tests for Certified Independent Directors Exam

Congratulations on Your Aspirational Journey!

First and foremost, Congratulations for making it to this page and considering the role of an Independent Director (ID) in a listed company in India. This is probably the only mock test you will ever need to clear your exams and step into this prestigious position. As you may be aware, there's a significant shortage of IDs, and the industry is eagerly awaiting qualified and experienced individuals like yourself to fill this gap.

The role of an Independent Director is not only respected but also comes with substantial responsibilities in corporate decision-making. You will be compensated handsomely for your contributions, with sitting fees and performance bonuses per meeting. Beyond the financial rewards, the role offers immense self-learning opportunities from the company, sector, and industry, and through networking with other IDs, MDs, and CEOs. The positive impact you can make is both satisfying and fulfilling.

Mandatory Proficiency Test by MCA & IICA

In October 2019, the Ministry of Corporate Affairs (MCA) made it compulsory for independent directors to pass the online self-assessment proficiency test, which is conducted by the Indian Institute of Corporate Affairs (IICA). This was further facilitated with the establishment of the Independent Directors’ databank by MCA and IICA in December 2019.

To clear this hurdle, several aspirants are preparing, and you should too – regardless of your age. Independent directors who are not exempted (only a few categories are) have two years from the date of their inclusion in the databank to pass this online self-assessment proficiency test.

Your Preparation Toolkit 🚀

This course offers 4 comprehensive mock tests designed for candidates who wish to pass the mandatory proficiency test. The syllabus is exhaustive, covering:

• Companies Act 2013
• Securities Law
• Basic Accountancy & Financial Ratios
• Secretarial Audit and Secretarial Standards
• Board Composition & Functions
• Corporate Social Responsibility (CSR)
• Corporate Frauds & Case Studies
• Enterprise Risk Management

Who is this course for? 🤔

This course is especially beneficial if you come from a Tech or non-business background. A reading of the Companies Act 2013 is highly recommended before attempting these mock tests. You can download the latest version of the Act freely from the MCA site. These mock tests are designed to give you a solid understanding, boost your confidence, and enhance your chances of success in the final test.

About the Exam ⏰

Unlike other competitive exams, the actual profiliciency test is not a race against time. It's about grasping the fundamentals and selecting the right answer. At times, all four options might seem correct! Good luck on your journey to becoming an Independent Director.

Further Information & Resources

For more detailed information on being an Independent Director, please visit the official website of the Indian Institute of Corporate Affairs (IICA).

Important Notice 📝

Disclaimer: This author assumes no responsibility or liability for any errors or omissions in the content of this course. The information contained herein is provided on a best effort basis with no guarantees of completeness, accuracy, usefulness, or timeliness. Trademarks (if any) belong to their respective organizations or entities.

Embark on your journey towards becoming a Certified Independent Director today with our mock tests! 🌟