A landmark Memorandum of Understanding (MoU) was inked between the IICA and the NLSIU here in New Delhi today. Prof. R Venkata Rao, Vice Chancellor, National Law School of India University; Dr Bhaskar Chatterjee, Director General & CEO, Indian Institute of Corporate Affairs; Shri Dhanendra Kumar, Principal Adviser, Indian Institute of Corporate Affairs, Shri Chandra Prakash, Joint Secretary in the Ministry of corporate affairs and a host of other invitees and professionals from the legal and the corporate world participated in the event.
The MoU between the IICA and the NLSIU is intended to establish collaborative academic cooperation in the areas of competition policy and law; economic regulation; corporate social responsibility; corporate laws; finance and other possible areas of collaboration. Through this partnership, the two national institutions would undertake cutting edge research and roll out innovative courses to meet the contemporary knowledge and skill needs of stakeholders.
The event began with the signing of the MoU by Prof. Venkata Rao and Dr Bhaskar Chatterjee, on behalf of National Law School of India University and Indian Institute of Corporate Affairs, respectively.
Offering his introductory remarks, Shri Dhanendra Kumar, formerly Chairperson, Competition of India and currently, Principal Adviser, IICA dwelt on IICA as the centre of excellence, a think tank and a unique institute of the Ministry of Corporate Affairs, just as about NLSIU as the unique and premier law school. He highlighted the importance of capacity buildingof the regulators and their officials through the national institute such as the IICA.
Prof. R VenkataRao, Vice Chancellor, National Law School of India University, in his addressgave a detailed account of evolution of NSLIU to its present status of excellence of the premier institution. He said “the race for excellence does not have finish line, adding the MoU was a “a very important step in the journey of a thousand miles in search of excellence”. He emphasized the importance of the proposed symbiotic relationship with the institute of excellence like the IICA.
In the address, Dr.Bhaskar Chatterjee, DG & CEO, IICA spoke at length about the landmark collaborative initiative and marked the day as the “Red Letter Day for IICA”. He said that the MoU between the IICA and NLSIU is rightly timed which will not only maximise collaborative strength but also provide potential for endless opportunities.
To fulfil the research and capacity building needs, the Indian Institute of Corporate Affairs, has been established by the Ministry of Corporate Affairs as the national knowledge platform covering the areas of competition policy and law; corporate social responsibility; corporate governance; corporate laws; finance etc. The National Law School of India University, on the other hand, is an internationally well-known premier university in the areas of legal education and research.