Career as Company Secretary
The growth of business and expansion of commercial activities in recent years has resulted in the demand of specialists in each and every sphere of company’s activities. Company Secretary is such a specialized professional.
A company secretary is one who is responsible for efficient management of the corporate sector and act as an advisor in legal matter. He facilitates the proper coordination of various departments in the company and ensures the timely and proper compliance of all company legislations. Further he advises the directors of the company on the various statutory requirements and also looks after various administrative functions apart from taking care of the finance, accounts, legal, and personnel aspects in some cases.
More importantly, the appointment of a company secretary is made mandatory by a company having paid-up capital of 50 lakhs under the companies Act.The importance of a Company Secretary can also be gauged from the fact that a company seeking listing un the stock exchanges are mandatorily needed to appoint a company secretary.
Courses Detail For Career As Company Secretary
Students who have passed 10+2 in any discipline can enroll for the foundation course. However graduates in any discipline, other than fine arts, or those who have qualified the final examination of the Institute of Chartered Accountant of India (ICAI) or the Institute of Costs and Works Accountants of India (ICWAI) can directly enroll for the intermediate examination.
Admission to the foundation course is open throughout the year. The duration of the course is 8 months excluding the months of admission and examination. Students taking admission up to March can take the examination in December the same year. However those taking admission after March can take the examination only in June the following year. The fee for the foundation course is Rs 1200.
The institute imparts compulsory postal tuition. Students are provided with study material on each subject at the time of admission. In addition, students also have the option to attend oral coaching classes organized by the institute at select places through its regional councils and chapters on payment of extra fees. Only students who have successfully completed the postal/oral coaching are eligible for admission to the examination. A student has to register for each of the examination at least nine months prior to the month in which the examination is held.
Registration for the Intermediate Examination is open throughout the year. Minimum amount payable along with the application for registration is presently Rs. 2,250.Candidates seeking exemption from the Foundation examination are required to pay postal tuition fee @ Rs. 100 per subject in addition, for those subject (s) in the foundation course which they had not studied at the graduate or post graduate level. It is important to note that a candidate is registered for five years for the main course, and it is compulsory to clear the intermediate and final examinations within this time period.
The fee for the entire course is Rs 2250 for commerce graduates and Rs 2650 for non-commerce graduates. For the final examination sum of Rs 1500 is payable separately as postal tuition fee in addition to the exam fee @ Rs 350 per group. Both the intermediate and final examinations are held twice every year in June and December. A student is admitted to the Final examination only after a minimum period of nine calendar months has elapsed since his passing the Intermediate examination. The study program for getting the membership of the institute also includes practical training, which has to be in different areas.Thereafter candidates become eligible for Associate Members of ICSI.
Career Prospects of A Company Secretary
A Company Secretary can aspire to get employment opportunities in government accounts as well as in law departments. Most of the qualified company secretaries can find well-paid positions in the public sector and corporate sector, banks and financial institutions, stock exchanges, company law boards and government departments. Exposure to detailed study and practical training in various fields adds to versatility of a company secretary. Small firms usually employ company secretaries on retainership basis for professional advice and support e.g. licenses, registrations, loans, taxes, partnership deeds etc. There is plenty of scope for specialization and moving into general management and administration at the highest level in business houses or CS firms.
Company Secretariship is a well remunerated career option because of its multifaceted nature. For those who are employed in public and private sector should expect 10000 to 15000 per month at junior level and 30000 to 35000 at senior level. Company secretaries preferring foreign companies can have even higher. Besides this privately practicing C.S are also getting good returns depending upon numbers of clients they have.
Institute Offering Courses in Company Secretariship
The Institute of Company Secretary of India is the only recognized and professional institute to conduct and regulate the course of company secretary. The institute has it’s headquarter at New Delhi with other three branches at Mumbai, Chennai and Calcutta.