Ranjan Sethi

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 Hello friends, welcome to world of Ranjan Sethi
 Having worked in the Accounts and Finance domain since 1970 in various capacities in Industry, Chambers of commerce, a reputed institute of India (where I worked for a major part of my life), as again re-employed in the same Institute after my retirement. During my career, I have completed various assignments time and again in performing my duties and managed them with hard work, team building and dedication.
I have joined the Institute at the time after its inception in 1973 and would like to share my views as to how institutions are built, managed and run successfully.

Education is a process of gaining knowledge and skills through studies and training. The first and foremost part of getting this part is by joining a school/institution which can create a student with more skills and knowledge to compete with and make his/her status in the society.

Following steps will be useful for incorporation of such Management training institution -
1) Group of academics, individuals to assess the need to start such institution.
2) Assess fund raising prospects by recognition, association, merging, grants etc, from Govt/ State
Govt., MNCs, business establishments to provide training to their executives, industrial development in states specifically for issues to their produce e.g. Sugar, textiles, agriculture etc, state financial and industrial development corporations.
3) Prepare Memorandum and Articles of Association giving details of founding members and purpose of association.
4) Organisation structure and delegation of powers and jobs to top executives.
5) Prepare application and submit to Registrar of Societies for registration under Societies Registration Act.
6) After registration, apply to UGC/ AICTE for recognition of courses which the society is going to teach.
7) Appointment of faculty and staff, process to start.
8) Declare the opening of institution, issue prospectus.
9) Fixation of fees- involve faculty in decision, take direct and indirect expenses into account.
10) Place of institution and lecture hall to be decided.
11) Prefer to teaching executives from sponsor organisations, Govt,
12) Launch industrial promotion for State level industries of sugar, textile, minerals, agriculture etc.
13) Invite experts as Guest speakers to impart training as also groom local faculty.
14) Admn. executives to manage affairs of finance and other support services.
15) Apply for registration under Section 12(1), 35 (1) (ii), 35 (!) (iii) 80 G of Income Tax Act so as to make the institution on firm footing by adhering to filing of Tax returns.
16)  Appointment of Tax advisers, auditors shall be of great assistance.

With the passage of time, such institutions shall develop its own campus and creation of Corpus Fund to earn interest on its investments and recycle to the growth of institution.
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