Company Secretary

A Value Creator

all the data

Highlights

1. About : Plays a vital role in the smooth functioning of a corporate entity

2. Get ready for : Multitasking, Organisational Knowledge, Integrity, Communication skills

3. How to go for it? : Foundation, Executive, Final, Trainings

4. Opportunities ahead : Practising firm, Legal & Financial advisor, work under top firms, research based work, etc.

5. Channel checks : Versatility

6. Let’s be little futuristic : Credibility and transparency, Legal compliances are never ending, Company Secretary is required everywhere.

7. Useful links : Importance of Company secretary in the organization, Legal Status or position of Company Secretary, Believing these 4 myths about CS course stop you to become CS, Difference between CA & CS.

8. 1dot1 Mentors : Parth Pankhaniya, Harsh Shah

About

The company secretary acts as a bridge between the company and its Board of directors, shareholders, government and regulatory authorities.

 

A company secretary plays a vital role in the smooth functioning of a corporate entity, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

 

Usually the top management of the organisation is busy with managing the general working, they hardly get time to mingle with stakeholders and retain their confidence. In order to tackle that, the organisations/ companies hire qualified and skilled professionals as Company Secretaries.

 

The Institute of Company Secretaries of India (ICSI) constituted under an Act of Parliament i.e. the Company Secretaries Act, is the recognized professional body in India to develop and regulate the profession of Company Secretaries in India.

Get ready for

Multitasking

A Company Secretary has to keep a lot of balls in the air at the same time: preparing for meetings while making sure that corporate governance compliance is up to date; supporting communications between management and the board of directors, etc. The diverse job responsibilities of a company secretary make it clear that there will be times when a person in this role will have to perform more than one task simultaneously.

Thus, effective multitasking skills are an absolute must for anyone who wants to pursue a career here.

Organisational knowledge

The Company Secretary must understand the business and the context of their organization.

Company secretaries are the people who form the point of contact for the organisation with that of other vendors or organisations. In such a scenario, it is important for an individual working in this role to have a decent understanding of the organisation.

Integrity

Professional must possess high integrity and ensure that their actions are transparent and that they are accountable for the same. One must possess high moral values so that they are able to provide fearless guidance to the people in the organisation who are in decision-making positions.

Communication skills

A CS has to continuously update himself with latest changes and interact with board of directors to take decisions regarding board meetings, corporate governance, etc. Hence, it is necessary that he should possess effective written as well as oral communication skills that can be useful for.

How to go for it?

I. Foundation

After 10+2 pass or equivalent, students must take up ICSI Foundation course. The duration of the foundation course is eight months. It can be pursued by  students of Arts, Science or Commerce stream (Excluding Fine Arts).

II. Executive

After qualifying the ICSI Foundation course, students can enrol in ICSI Executive Course. However, Graduates and Post Graduates (excluding Fine Arts students) can directly enroll in the Intermediate course without going for the Foundation course.

III. Final

Students who clear ICSI Intermediate course are eligible for the last stage of the ICSI course, i.e., Final.

IV. Training

It is the most important aspect for students pursuing courses in Company Secretary. Students must undergo short-term training programmes during the Executive level and after the final level exams of Company Secretary course.

One can opt for exemption from CS Articleship Training. Check out the detail exemption list at http://bit.ly/3pSqGTG

Opportunities ahead

  • Company Secretary practicing firms. 
  • Financial Advisor and legal advisor.
  • Work under the top firms listed on the stock market. 
  • Government grades 1-1V in the Accounts Branch of the Central Company Law Service of the Department of Company Affairs.
  • Independent advisory capacity and support for procedures of licenses, registrations, loans, taxes, partnership deeds, etc.
  • Research-based work 
  • Specialists in banks in the fields of Finance, Accounts, Law and Merchant Banking.
  • Company secretaries have immense knowledge of a wide range of subject, they can take up the position of a lecturer/ visiting faculty in different academic institutes.

But that’s not the end of choices for an aspiring CS. You can also work in:

  • Foreign Collaborations and Joint Ventures
  • Arbitration and Conciliation
  • Project Planning
  • Capital Market and Investor Relations
  • SEBI Act
  • EXIM Policy

Channel checks

Versatility

There are two types of professional engaged company secretary. One is doing job and another is doing practice. There is very low CS Professional doing its own practice. Currently there are only 16-28% CS who is in own practice.

Let's be little

Credibility & transparency

In today’s twenty-first century, there is a great demand for displaying corporate credibility and transparency in managing the internal affairs of the organization. The top-notch executive level is busy managing the general working and functioning of the organization.

Hence, there is a large scope of CS as the new challenges in business can only be shouldered by highly competent and qualified professionals

Legal compliances are never ending

In the global scenario, there is a large focus on the corporate sector and growth in the corporate sector leads to the involvement of legalities and legal complications.

Company Secretary is required everywhere

update

Strategy

Secretarial and legal

Financial

Human Resources

Information Technology

Sales and marketing

Research and development

Corporate Communication

Useful links

- Importance of Company Secretary in the Organization
- Legal Status or Position of Company Secretary
- Believing these 4 Myths about CS Course stop you to become CS
- Difference between CA & CS