**Executive Summary**
The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, organized a Specialized Training Program on the Companies Act, Competition Law, and Insolvency and Bankruptcy Code for 21 officers from the Indian Economic Service (IES) and Indian Trade Service (ITS). The program, held from February 2-6, 2026, aims to enhance the officers’ understanding of corporate regulatory frameworks and governance practices. Key speakers included Shri Gyaneshwar Kumar Singh, Shri Sudhaker Shukla and Shri Dhanendra Kumar.
**Key Points / Main Content**
* **Program Overview:**
* The training program targets officers from the Indian Economic Service (IES) and Indian Trade Service (ITS).
* It focuses on key areas such as the Companies Act, Competition Law, Corporate Finance, and Insolvency Law.
* The curriculum aims to align with participants’ professional roles and responsibilities.
* The training provides practical exposure to corporate affairs governance and enhances regulatory/policy perspectives.
* **Training Content:**
* Participants will gain deeper insights into the management of company affairs.
* The program covers powers, functions, and investigation procedures of the Competition Commission of India (CCI).
* It delves into the economics of law-making and the Insolvency and Bankruptcy Code (IBC).
* Topics include regulatory governance, anti-competitive agreements, abuse of dominance, and corporate finance.
* Other areas covered are debt and default, data-based decision-making, drafting/legislative intent, CIRP, regulatory practices, and the roles of the NCLT and NCLAT.
* **Inaugural Program Highlights**
* Speakers emphasized trust-based regulation and encouraged officers to explore specialized project topics.
* Keynote Speakers highlighted India's Ease of Doing Business focusing on freedom of entry, freedom to operate, and freedom to exit
**Impact Analysis**
**Stakeholder: Indian Economic Service (IES) and Indian Trade Service (ITS) Officers**
**Impact:**
* Enhanced understanding of corporate regulatory frameworks, governance practices, and key legal areas.
* Improved ability to handle corporate affairs management, competition law, and insolvency-related matters.
* Increased knowledge of the powers, functions, and investigation procedures of the CCI.
**Action Required:**
* Actively participate in the training program and engage with the curriculum.
* Explore specialized areas within corporate affairs for potential project topics.
Key Entities Referenced
Indian Institute of Corporate Affairs (IICA): The primary organizer of the Specialized Training Program mentioned in the article.
Companies Act: A key area of focus in the Specialized Training Program. It is one of the main legislative acts around which the program is based.
Competition Law: Another key area of focus in the Specialized Training Program. Along with the Companies Act and the IBC, it is a main legislative act around which the program is based.
Insolvency and Bankruptcy Code (IBC): One of the three key laws focused on in the Specialized Training Program.
Ministry of Corporate Affairs: The ministry under which the IICA operates, providing oversight for the training program.
Ministry of Civil Aviation
IICA Organises Specialised Training Program on
Companies Act, Competition Law & Insolvency
and Bankruptcy Code for IES, ITS officers
Posted On: 04 FEB 2026 4:32PM by PIB Delhi
The Indian Institute of Corporate Affairs (IICA) under Ministry of Corporate Affairs has organised a
Specialised Training Program on Companies Act, Competition Law, and Insolvency and Bankruptcy Code
for 21 officers of the Indian Economic Service (IES) and Indian Trade Service (ITS) from February 02–
06, 2026, at its campus in IMT Manesar to strengthen their understanding of corporate regulatory
frameworks and governance practices.
The programme aims to sensitise officer trainees to key areas such as the Companies Act, Competition
Law, Corporate Finance, and Insolvency Law, aligning the curriculum with their professional roles and
responsibilities. The initiative is aimed at providing participants with practical exposure to the governance
of corporate affairs while enhancing their regulatory and policy perspectives.
Through the programme, officers will gain deeper insights into management of company affairs; powers,
functions, and investigation procedures of the Competition Commission of India (CCI); economics and
law-making; the Insolvency and Bankruptcy Code (IBC) as an evolving economic law; regulatory
governance; anti-competitive agreements; abuse of dominance; corporate finance; debt and default; data-
based decision-making; drafting and legislative intent; the Corporate Insolvency Resolution Process
(CIRP); regulatory practices; and the roles of the National Company Law Tribunal (NCLT) and the
National Company Law Appellate Tribunal (NCLAT).
The training experts include names like Shri Sudhaker Shukla, Former Member, IBBI and Head, Centre
for Insolvency and Bankruptcy, IICA; Shri Gyaneshwar Kumar Singh, Director General and CEO, IICA;
Shri Dhanendra Kumar, Former Chairperson, CCI; Shri G. P. Madaan, Founder, Madaan Law Offices;Shri Samir Gandhi, Partner, Axiom5 Law Chambers; Dr. M. S. Sahoo, Former Chairperson, IBBI; Dr.
Augustine Peter, Former Member, CCI; Dr. Pyla Narayana Rao, Associate Professor, School of Corporate
Law and Competition Law, IICA; Shri G. R. Bhatia, Partner, Luthra & Luthra; Dr. Naveen Sirohi,
Associate Professor, School of Finance and Management, IICA; Dr. Debajyoti Ray Chaudhuri, Managing
Director, NeSL; Dr. Mukulita Vijayavargiya, Former Whole-Time Member, IBBI; Ms. Pooja Bhary,
Insolvency Professional; Shri Vikram Kumar, Senior Partner, Incorp Advisory; and Shri Alok Srivastava,
Former Law Secretary and Former Member, NCLAT.
The programme was formally inaugurated by Shri Gyaneshwar Kumar Singh, Director General and
CEO, IICA. In his address, he noted that the Ministry of Corporate Affairs oversees one of the largest
regulatory architectures in the country, including IBBI, CCI, NFRA, ICAI, ICSI, and CMA. Highlighting
the concept of trust-based regulation, he encouraged officers to explore specialised areas within corporate
affairs as project topics during the programme.
At the commencement of the programme Shri Sudhaker Shukla, highlighted three critical pillars of Ease
of Doing Business in India—freedom of entry, freedom to operate, and freedom to exit. He underscored
their significance for corporate sustainability and linked them to the Companies Act, 2013; the
Competition Act, 2002; and the Insolvency and Bankruptcy Code, 2016.
The inaugural session was further enriched by the address of Shri Dhanendra Kumar, Retired IAS
officer, Former Secretary to the Government of India, and the first Chairperson of the Competition
Commission of India. He traced the evolution of India’s competition law framework from the Monopolies
and Restrictive Trade Practices (MRTP) Act to a modern regulatory regime, sharing valuable insights on
institution-building drawn from his extensive administrative experience. His interaction with participants
made the session highly engaging and thought-provoking.
In the technical session Shri G. P. Madaan elaborated on corporate law fundamentals, governance
structures, and directors’ responsibilities while connecting statutory provisions with real-world corporate
practices.
This was followed by an insightful session by Shri Samir Gandhi, a leading competition law expert, who
provided a nuanced understanding of the development of competition law in India. Drawing from over
two decades of experience—including his role as counsel to the CCI and his involvement in landmark
antitrust cases—he offered participants a rare practitioner’s perspective on regulatory evolution.The programme concluded with a vote of thanks delivered by Dr. Pyla Narayana Rao, Associate
Professor, School of Corporate Law and Competition Law, IICA.
****
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