What is Company Secretary?
One of the principal positions in a corporation is Company Secretary (CS). He/she serves as the company’s seeker of conscience. To manage the legal aspects of a business, a trained Company Secretary is employed. A CS is accountable for the corporation’s full tax returns, keeps records, informs the board of directors and confirms that the company complies with legislative and legal regulations. Candidates seeking to follow CS are educated by the Institute of Company Secretaries of India. The Institute conducts exams in three stages CS programs. Candidates are given certificates upon completion of the course.
Any student who is going to become a certified Company Secretary must meet the eligibility standards set out below to follow the program:
- Minimum qualification needed to register in any stream (excluding fine arts) from a recognized university or equivalent for the first level (Foundation Program) of Company Secretary Course is Class XII
- Just two levels will be required for an applicant who wishes to pursue CS after graduation: The Executive Program and the Professional Program.
- In June and December, the exams are administered bi-annually. Aspiring applicants should apply according to their month of exam preference.
- Those who wish to apply for the Foundation Program Examination in December (the same year) must be enrolled by March31. Those who wish to apply for the Foundation Program.
- Examination in June next year must be enrolled by September 30. All those who wish to enter CS at the Executive Program level must be enrolled in both modules by February 28 for the December exam in the same year or by August 31 for the June exam in both modules next year.
- If one wishes to appear in a single module during the June Review in the following year, they must be enrolled in the Executive Program by November 30.
- An applicant is deemed to have passed the Foundation/Executive/Professional review if a minimum of 40 percent marks in each document and 50 percent marks in all subjects’ aggregate are secured at one sitting.
Skill Set required to become a CS
This is a work that needs perseverance, mental strength and powerful, persuasive force. Here are some of the desirable skills for this job:
- Good skills for communication
- Company Law Experience
- Multi-tasking & Time Management
- Competent with figures
- Meticulous scheduler
- Courses & Specialization of company Secretary
This course is a technical course for businesses. Market climate, entrepreneurship, management, communication, ethics, economics and accounting are involved in the foundation course. Company law, commercial law, corporate law, common law, securities law and accounting & audit procedure constitute the CS executive program. Candidates are taught about secretarial procedures, financial & treasury management at the final level. Applicants may select one specialization in the final module of the curriculum-Banking Law and Practice, Capital, Asset and Money Market, Insurance Law and Practice, Intellectual Property Rights, International Business Laws and Practices, Law and Practice.
CS Career Opportunities and Chances
CS specialists have a promising future. It is one of the most honorable and robust work profiles. Candidates can work in stock exchanges, corporate relations divisions, law boards and different government departments after completing the course.
The Company Secretary Course opens up numerous avenues in the world of business and finance for a person. As a solo advisor to a firm for procedures of loans, taxes, partnerships, government licenses, registrations, etc. a qualified and certified Company Secretary may work or join a company secretary firm to provide services to its customers.
Here is a brief about the job roles and the pay structure of the CS professionals Course:
|S. No||Job Profile||Starting Salary (INR)||Mid-Level Salary (INR)||Senior Level Salary (INR)|
|1||Company Secretary||3,00,000||6,00,000||9,00,000 – 12,00,000|
Key Job Roles Offered & Job Descriptions:
- Company Registrar: One of the essential members of the organization.
- Legal Advisor: Role to assist the company in the legal disputes. The core duty of the legal advisor is to keep a check if the company is complying with the statutory directives and bureaucratic corporate laws etc.
- Chief Administrative Officer: Duty to monitor the general activities of the company and safeguard the legal and confidential documents of the company.
- Corporate Policymaker: Duty to plan the corporate policies of the company. Give advices to the board and review of the existing policies.
Key responsibilities of a Company Secretary include:
- Holding corporate records; keeping company tax returns; reminding the Board of Directors of their legal responsibilities to comply with statutory laws;
- A significant link between the company and its Board of Directors, shareholders, regulatory authorities, government and other stakeholders in the company secretary.
- The role involves ensuring that board policies are followed and periodically reviewed and provided under different laws to the Chairman and the Directors on their responsibilities.
- Advice on corporate governance and compliance with requirements as defined under various company laws, securities and other sector laws and regulations and guidelines.
- The Business Secretary also helps build a structure for corporate and social sustainability.
The Company Secretary is responsible for the audit and qualification services in secretarial enforcement and represents the company before the law board, consumer forums, tax courts, securities appeal tribunal, registrars, etc.
Advice on arbitration, negotiation and conciliation between the parties in contractual disputes and the drafting of agreements.
Company advisory services on tax administration and tax preparation under the laws of Income Tax, Excise and Customs, Service Tax, VAT, etc.
Advising on matters related to shares and other stocks in India and abroad.
Drafting of prospectus/offer for sale/letter of offer/other documents relating to securities issuance in association with lead managers and the acquisition of different approvals.