Company Secretary acts as an adviser for legal issues in corporate organisations. He / She is one of the core members of the corporate set up and plays a vital role in the corporate management team ensuring effective coordination and communication among various departments, and giving suggestions to directors of the concerned organisation on legal matters. He / She has to bring out more transparency in corporate governance affairs and ensures good corporate governance.
Company Secretary Courses
The Institute of Company Secretaries of India (ICSI) is the nodal institution to offer various courses. Following courses and examinations have to be successfully passed by a candidate to be a professional CS. The course is consisted of three stages after passing 10+2.
- The Foundation Course: This course is of 8 months duration and the eligibility for it is 10+2 passed. The students of Arts, Science or Commerce can pursue it. Fine arts students can’t opt for it.
- The Intermediate Course: graduate except for fine arts one.
- The Final Course: it can be pursued only by those candidates who successfully passed the executive course.
After completing these courses, practical training is required for about 15 months to be the part of ICSI and being the professional member of the institute, one has to acquire membership number from ICSI. ICSI is the only institute which is the only institute which offers this course and award and designation of the company secretary.
Admission for the course is open throughout the year and examinations are held in June and December. ICSI has 117 examination centres scattered across the country including Dubai centres.
Company Secretary Course Fees
The course fees for different stages of a company secretary are nominal. The fee for the Company Secretary Foundation Course is Rs 3600. For the Intermediate Course or the Executive Programme, it is Rs 7, 000 for commerce graduate and Rs 75 00 for the professional programme.
The head office of ICSI is in Delhi. It has four regional offices-Mumbai, Delhi, Chennai and Kolkata. In addition to this, there are 36 chapters and 10 satellite chapters located all over the country.
Career Prospects in Company Secretary
After the era of globalisation, the Indian economy and corporate sector experienced drastic changes, which result in increasing of jobs like legal, finance, accounts, secretariat, and administrative. Here is the role of the company secretary has become extremely relevant to carry out these responsibilities effectively. Besides, in the private sector, the government sector is also employing CS. He is recruited for different job profiles like Junior Secretarial Officer, Financial Adviser, Chairman, Managing Director, Board of directors, etc.
Company Secretary Salary
Since the job of CS is demanding in the corporate world, so remuneration for the experienced and hardworking person is the best in the market. The fresher when joining as a junior secretarial officer may be given Rs 20-25 thousand per month. When CS raised into the position of Financial Adviser get salary in lakhs. He gets a handsome package. Along with high remuneration, they are also getting several benefits like holidays with pay, insurance, credit for housing, transport facilities, sick leaves, including other perks.
Job Opportunities in Company Secretary
The job options and employment opportunities in the field of a company secretary are immense. The job options increase day by day due to multifarious functions post-LPG era. Jobs prospects get multiplying day by day. As per government ordinance, the company with more than Rs 2 crore paid-up share capital has to recruit company secretary on a full-time basis. One can get placement in the government sector through Indian Company Law Service. Getting a job as Indian Company Law Service is a very lucrative career and lots of perks. University jobs as lecturer, reader and professors are also handsomely paid. Banks and financial institutions are also hired CSS as a well-paid job. Private options are also available as tax consultants. They can give their expertise in capital markets and financial services. MNCs, BPOs, KPOs and abroad options are also open to them
What are the Qualities of Company Secretary?
- For the job of a company secretary, the person should be dedicated to working.
- Communication should be effective with people of the concerned department to ensure that the activities of the organisation are legally, administratively and financially acceptable.
- He has to be up to date with the latest development of relevant laws.
- CSs should be well versed in finance, legal issues, accounting, taxation, corporate social responsibility.
Jobs Prospects for Company Secretary
Company Secretaries are recruited at private, public, and abroad. Some of the important firms which are hiring these professionals are:
- Bigger corporate organisations
- Airport Authority of India
- Bharat Earth Movers Limited (BEML)
- Neyveli Lignite Corporation Limited
- Bureau of Public Enterprises
- Government Financial Institution
- Stock Exchange