The Union Cabinet has approved continuation of scheme on Indian Institute of Corporate Affairs (IICA) for another three financial years (FYs 2017-18 to 2019-20). This decision will make IICA self-sustainable by the end of FY 2019-20.
Indian Institute of Corporate Affairs (IICA)
IICA is an agency under the aegis and jurisdiction of Ministry of Corporate Affairs. It handles and deal with various subjects, matters and affairs of corporate affairs regulation, governance and policy. It was established in 2008 at Manesar, Gurgaon (Haryana).
IICA works and operates to deliver as well as create avenues and opportunities for research, education, training and advocacy. It is first institution in India to be formally set up as ‘think-tank’ for major Ministry of Government.
It offers services to stakeholders in field of corporate laws, corporate governance, CSR, accounting standards, investor education, etc. It conducts training programs, research activities and projects in partnership with public and private sector in niche areas of Corporate Governance.
National Foundation for Corporate Social Responsibility (NFCSR) at IICA is responsible for Corporate Social Responsibility (CSR) initiatives. NFCSR conducts various activities in partnership with Corporates in field of CSR, oriented towards social inclusion.