CAREER AS A COMPANY SECRETARY
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Career as a Company Secretary is not only prestigious and financially rewarding but also carries with it a high degree of job satisfaction.
The Institute of Company Secretaries of India regulates the profession of Company Secretaries in India.
There are three stages to be pursued to qualify as a Company Secretary:
1.Foundation Course 5 Papers
2.Intermediate Course 8 Papers
3.Final Course 9 Papers
Some facts about Company Secretary Course:
1.It is the Correspondence coutse with provision for Optional Oral Coaching classes.
2.For Foundation Course the minimum qualification is 10+2 or equivalent in any stream except Fine Arts.
3.For Intermediate Course the minimum qualification is CS Foundation Pass or Graduation in any discipline, Arts/Science/Commerce except Fine Arts.
4.The Final Examination is after passing the Intermediatet Course.
5.16 months Management Training is to be undergone after passing thet Inter/Final examination or Practical experience.
6.The ICSI and its Regionalt Councils and Chapters offer Placement Services to Members and Students. A qualified Company Secretary has openings both in Employment and in Practice
FUNCTIONS OF A COMPANY SECRETARY
A Company Secretary is:
1. An expert in Company, Corporate and Securities Laws
2. A vital link between the company and its:
a.Board of Directors
b.Shareholders
3. Government and Regulatory Authorities
4. A conscience seeker of thel company
5. A compliance officer of the companyl
6. Corporate Planner andl Strategic Manager
EMPLOYMENT PROSPECTS
A qualified companyl secretary has openings in Employment and as a Practising Independent Professional
Company Secretary in Employment
1.Companies with al paid up share capital of Rs.2 crores or more are compulsorily required to appoint a whole-time Company Secretary.
2.All companies seeking listing on Stock Exchange are required to appoint a whole-time company secretary
3.Membership of the Institute is recognized for appointment to superior posts and services under Central Government.
4.Membership of the Institute is anl essential qualification for recruitment from Grade I to Grade IV in the Accounts branch of the Indian Company Law Service.
Prospects for a CS with the boom in IT industry
A Company Secretary is knowledge professional which go through rigorous training in corporate laws and corporate management. The syllabus for the course also grills him in Information Systems and Systems Audit. Company Secretaries are well versed in Information Technology as well as ITES. With his procedure orientation and mastery, Company Secretary is able to set up the EOU shop for IT and BPO industries cost efficiently. He is also well versed in foreign collaboration and joint venture agreements as well as intellectual property rights.
As knowledge professional well versed in Indian Laws, judicial decisions as well as laws of countries with which indian IT and ITES industry deals. Knowledge Process Outsourcing is the industry of the future with a business volumes expected by India alone from US of the order of USD 12 billion over the next five years.
As we know the technical skills in IT industry become outdated very fast. In this situation, Company Secretaries should also acquire continuous up-gradation in their knowledge and skills particularly in the skill-sets required for cross-cultural negotiations between India and the country of the collaborator or the customer of the IT company, both for vertical cross border integration as well as customer delight.
Opportunities in abroad
Many Company Secretaries are already working in various countries like the US, Canada, UK, Singapore, Malaysia, Thailand, Australia, New Zealand, Middle-east, Africa, etc.
India is entering into bilateral Comprehensive Economic Cooperation Agreements with countries like Singapore, Malaysia, Thailand, and Mauritius etc. These agreements recognize Company Secretaries(CS) for free movement of professionals across borders. ICSI has entered into an MoU with the Institute of Chartered Secretaries and Administrators, UK. This MoU recognizes Company Secretaries of both the countries on certain conditions. The process of globalisation and the process of comprehensive economic cooperation that India is initiating has also set in motion mutual recognition agreements between the ICSI and Institutes governing the profession in various other countries. This is opening up the world to Company Secretaries.
CS course going online (virtual classroom)
Today the education for Company Secretary course is through postal and oral coaching. This deprives students from semi-urban and rural areas of touch with expert faculties. In the web-based e-Iearning module, students will be able to learn about the subject at their desk top. They can, at their convenience, send their responses for evaluation and feedback by faculties. Faculties can give online suggestions for improvement. The virtual class room module would be launched by the end of this year. In this module students can attend classes at computer centres near their locations and interact live with the faculty on screen. This will create a hi-tech yet easy learning environment for students in all nooks and corners of the country.
Placement Services
The Institute is providing placement services to the members. The Institute maintains a databank of the members registered for the placement and a list of suitable candidates is provided to the employers on request. The bio data of the members are also available on the website of the Institute for surfing by the prospective employers, who can shortlist the candidates suiting their requirements from the website itself. The vacancies for the post of Company Secretaries received in the Institute are also placed on the website for reference by the members seeking placement or change in employment. A placement folder is also maintained for reference by the members visiting the Institute for placement. The members can also upload their bio data directly on the website. Similar services are also provided by the Regional Councils and Chapters located in the various parts of the country.
It may also be mentioned that the members of the Institute are occupying prestigious positions such as Managing Director, Executive Director, and Vice President etc. Some of the members are occupying senior positions in the Government departments and regulatory bodies. There are ample opportunities for the members to go for practice independently.
Self-Employment Practice
Every company having a paid-up share capitall of Rs. Ten Lakhs or more but less than Rs. Two Crores is required to engage the services of a Secretary in Whole-Time Practice for issue of Compliance Certificate.
Company Secretary as independent professional
Company Secretary practice is recognized to issue certificates and attest documents under:
1.Companies Act, 1956
2.SEBT Act, SCRA and regulations etc. made there under Depositories Act Exim Policy
Company Secretaries in Practice also render the following Services:
1. Legal, Secretarial and Corporate Governance
2. Corporate Restructuring
3. Foreign Collaborations and Joint Ventures
4. Arbitration and Conciliation
5. Financial Management
6. Project Planning
7. Capital Market and Investor Relations
8. Due Diligence
9. Corporate Advisory Services
Membership
After qualifying the Final examination and onl completion of training as provided under the regulations, a candidate is admitted as an Associate Member of the Institute and can use the letters “ACS” after his/ her name.
Further Academic Pursuits
The CS Course is recognized by the various Universities for admission to PhD Course appointment of Lecturers utilisation of services of members by various lCSI conducts Post professional/educational bodies for academic activities. Membership Qualification (PMQ) Course in Corporate Governance for its members
For Further details log on to: www.icsi.edu
Tags: Company Secretary, CS
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Recent Visitors
Hello my name is shruthi can i know the details of company secretary correspondence course 1 year, i was finished B.com. please send the details about company secretary course what i asked to my e-mail ID
thank you.
Hello i am neeraj i finished Bsc(biochemistry)this year, am i eligible for this course,if yes please send details to my e-mailID thank you.
Very interesting site, i have added it to my fovourites. Greetings
hi…
This is Ahish Sood from Ludhiana(PUNJAB) and i wanna do CS through DISTANCE STUDIES. I have done +2 and now i m doing B-COM 2nd year. Plzzz GUIDE me..
hi this is payal completed my graduation in 2003 wanted to do cs could you plz tell me its fee structure and mode of payment
Hi,
I am in USA., Since i was in india i plan to study this course, but now i would like to do that while i am in usa., I would like to come and take only for the exam in india. Is it possible.
hi…
This is Komal Thakur from Ludhiana(PUNJAB) and i wanna do CS through DISTANCE STUDIES. I have done +2 and now i m doing B-COM 1st year. Plzzz GUIDE me..
hi i m amrish payasi a student of mba bhopal i want to going cs course
is that possible with correspondence course
Hello,
I am BE Mechanical,MBA Marketing with 12years of automotive manufacuring experience. I would like to go for ACS in order to quickly improve my career to the highest position
Am i in right track or not
Please advise.
Kandy
hello
i am sumit doing bca & 12th pass by account’s
field. please give me detail about a CS.
what’s the process of get admission in CS.
plzzzz guide me
thank u