CAREER AS A COMPANY SECRETARY. The Institute of Company Secretaries of India (ICSI)

CAREER AS A COMPANY SECRETARY

The Institute of Company Secretaries of India (ICSI)


An Introduction ICSI is a premier national professional body

constituted under an Act of Parliament (Company Secretaries Act, 1980).

Functions under the jurisdiction of the Ministry of Corporate Affairs

ICSI has been set up to regulate and develop the profession of Company Secretaries

ICSI has its Headquarters at New Delhi and 4 Regional Councils at Chennai, Kolkata, Mumbai & New Delhi and 70 Chapters spread all over India ( including 1 overseas Chapter at Dubai).


ICSI-CCGRT is the Centre for Corporate Governance, Research and Training at Navi Mumbai

The ICSI has on its rolls over 33,000 qualified members both in Employment & in practice.

Over 3.6 lakh students are currently enrolled in the Company Secretaries Course.


115 Counsellors at various cities / remote areas to guide

students regarding the course.

Imparts education primarily through distance learning with an option of Oral Coaching Classes / E-Learning.

ICSI conducts examination at 123 venues across the country and one overseas centre at Dubai.


The Institute- conducts Company Secretaries Examination

twice a year in June and December

arranges practical training for Executive/ Professional Programme pass Students with Companies / Practising Company

Secretaries empanelled with the Institute for the purpose;

enrolls qualified persons as Associate/ Fellow Members of the Institute and issues

Certificate of Practice to Members taking up practice;

conducts Post Membership Qualification Course (s) for Members of the Institute;


The Institute- publishes widely read and highly acclaimed monthly journal 'Chartered Secretary’;

publishes 'Student Company Secretary’ and 'CS Foundation Course Bulletin’ for the benefit of Students;

publishes online ‘CS Updates’ containing current notifications and circulars relating to various corporate and related laws generally twice a week;


The Institute- exercises professional supervision

over the Members of the Institute both in practice and in employment in matters pertaining to Professional Ethics and Code of Conduct;

undertakes research in Law, Management, Finance and Capital Market disciplines and brings out research publications;

formulates Secretarial Standards and brings out Guidance Notes thereon;


The Institute- renders expert advisory services to Members on intricate issues relating to various corporate laws;

organizes Professional Development and Continuing Education Programmes, International/National/Regional Conventions and Conferences directly or through its Regional Councils and Chapters, Chambers of Commerce, Department of Public Enterprises, Sister Professional Institutes and other Professional Development/

Management Bodies;

interacts with various National and Regional Chambers of Commerce with regard to various Government Policies and Legislations;


The Institute- interacts with Members of Corporate

Secretaries International Association (CSIA) and Company Secretaries Institutes in other jurisdictions;

interacts with OECD, World Bank, International Corporate Governance Network (ICGN), Asian Corporate Governance Association (ACGA), Global Corporate Governance Forum (GCGF) etc. on matters relating to Corporate Governance, Corporate Social Responsibility and Sustainability; bestows ICSI National Award for Excellence in Corporate Governance to best governed Companies;


The Institute- bestows ICSI Lifetime Achievement Award

upon eminent corporate personalities for translating Excellence in Corporate Governance into reality;

conducts Investor Awareness Programmes throughout the country on behalf of the Investor Education & Protection Fund, Ministry of Corporate Affairs;

undertakes Research Projects on behalf of Government and its Agencies /

Institutions.

The Company Secretary

Company Secretary is the vital link between the company, its:

- Board of Directors,

- Shareholders,

- Government and other Agencies.

An in-house Corporate expert; a compliance officer of the Company.

An expert in corporate laws, securities laws & capital market and corporate governance

The Company Secretary

Chief advisor to the board of directors on best practices in corporate governance

Responsible for all regulatory compliances of company

Corporate planner and strategic manager

Role of Company Secretary

A Company Secretary being multi- disciplinary professional renders services in the following areas:

Corporate Governance and Secretarial Services

Corporate Governance Services

Corporate Secretarial Services

Secretarial / Compliance Audit and Certification Services


Corporate Laws Advisory and Representation Services Corporate Laws Advisory Services Representation Services Arbitration & Conciliation Services

Financial Market Services Public Issue, listing and Securities

Management Takeover Code, Insider trading, Mergers

& Amalgamation Securities Compliance and Certification

Services


Financial Market Services Finance & Accounting Services Taxation Services International Trade & WTO Services

Management Services General/ Strategic Management Corporate Communication and Public

Relations Human Resources Management Information Technology

Employment Prospects

A QUALIFIED COMPANY SECRETARY HAS OPENINGS IN EMPLOYMENT AND AS PRACTISING INDEPENDENT PROFESSIONAL

Company Secretary in Employment Companies with a paid up share capital of

Rs.5 crore or more are compulsorily required to appoint a whole-time Company Secretary under section 383A of Companies Act,1956.

All companies seeking listing on Stock Exchange are required to appoint a whole-time Company Secretary

Membership of the Institute is recognized for appointment to superior posts and services under Central Government

Employment Prospects

Company Secretary in Employment Membership of the Institute is one of the

qualification for recruitment from Grade I to Grade IV in the Accounts branch of the Indian Company Law Service.

Almost every kind of organization whose affairs are conducted by boards, councils or other association, federation, authority, commission or like , finds it useful to appoint a person who holds Company Secretaries qualification in key administrative

position.

Self Employment (Practice)

After obtaining a ‘Certificate of Practice’ from the Institute, Members of the Institute can go for Independent Practice. Every company having a paid-up share

capital of Rs. 10 Lakh or more but less than Rs. 5 Crore, is required to engage the services of a Secretary in Whole-time practice to obtain a compliance certificate.

Pursuant to Clause 49 of the Listing Agreement, Practising Company Secretaries have been authorized to issue Certificate regarding compliance of conditions of Corporate Governance as stipulated in the Clause.

Self Employment (Practice)

Practising Company Secretaries have also been recognized to appear before various Tribunals such as Competition Commission, Company Law Board,

Securities Appellate Tribunal, Consumer Forums, Tax Tribunals etc.,

The Reserve Bank of India has recognized the Practising Company Secretaries to undertake Diligence Report for Banks.

Company Secretaries (CS) Course

Company Secretaries Course HIGHLIGHTS

10+2 pass or equivalent / Graduate can join

No Entry Barrier – opportunity for every student

Cost Effective

Distance Learning

24x7 study through e-learning

Flexibility in the schedules – Registration valid for 3 to 5 years.

Excellent career opportunities for CS professional

Position of Power and Prestige

CS Course USP

Offers Self Employment and Job Opportunities

Direct Access to Top Management / Board Room

Good remuneration and growth opportunities

Good career option for girls also. Opportunities across various sectors at

all locations. Opportunities Abroad – MOU with ICSA,

London Opportunity to pursue B.Com with Major

in Corporate Affairs and Administration and M.Com in Business Policy and Corporate Governance from IGNOU.

Stages of CS Course

Admission to CS Course

Admission is Open Throughout the Year

Examinations are held twice a year in June and December.

Registration to CS Course

Cut- off dates for Registration:CS Foundation Programme:

31st March for December (same year) session

30th September for June (next year) session .

CS Executive Programme: 28th February (Both Modules) & 31st

May (Any One Module) in December (same year) session

31st August (Both Modules) & 30th November (Any One Module) in June (next year) session.

Registration to CS Course

Validity of Registration:

Foundation Programme : 3 Years

Executive Programme : 5 Years (A student is required to complete the Executive and the Professional examination within the registration period.)

Fee Structure

CS Foundation Programme

Rs.4500/-

CS Executive Programme

Rs.9000/- for Commerce Graduates / CPT passed of ICAI / Foundation passed of ICoAI-CMARs.10,000/- for Non Commerce StudentsRs.8,500/- for CS Foundation passed students

CS Professional Programme

Rs.12,000/-

Prospectus & Application Form

Online Registration

Online Registration of students through institute’s student portal www.icsi.edu

Compulsory Computer Training

Exemption from Computer Training:

To facilitate the mandatory requirement for students having computer knowledge to pass the online test, M/s Sify Software has developed an online testing portal where students can appear for online test and will be able to download their certificates after 15 days of passing of online test.

CS Course Curriculum

Foundation Programme

( 4 papers)

Business Environment and Entrepreneurship

Business Management, Ethics & Communication

Business Economics

Fundamentals Of Accounting & Auditing


Executive Programme( 7 papers) Module I

Company Law Cost and Management Accounting Economic and Commercial Laws Tax Laws and Practice

Module II Company Accounts and Auditing

Practices Capital Markets and Securities Laws Industrial, Labour and General Laws


Professional Programme( 8 papers) Module I

Company Secretarial Practice Drafting, Appearances and Pleadings

Module II Financial, Treasury and Forex Management Corporate Restructuring and Insolvency

Module III Strategic Management, Alliances and

International Trade Advance Tax Laws and Practices

Module IV Due Diligence and Corporate Compliance

Management Governance, Business Ethics and

Sustainability


Professional Program ( new syllabus – w.e.f. 1st September 2013 )

MODULE 1

1. Advanced Company Law and Practice

2. Secretarial Audit, Compliance Management and Due Diligence

3. Corporate Restructuring, Valuation and Insolvency

MODULE 2

4. Information Technology and Systems Audit

5. Financial, Treasury and Forex Management

6. Ethics, Governance and Sustainability

MODULE 3

7. Advanced Tax Laws and Practice

8. Drafting, Appearances and Pleadings

9. Electives 1 out of below 5 subjects 9.1. Banking Law and Practice 9.2. Capital, Commodity and Money Market 9.3. Insurance Law and Practice 9.4. Intellectual Property Rights - Law and Practice 9.5. International Business-Laws and Practices

24x7 Study through E-Learning(http://elearning.icsi.edu)

E-Learning Portal (http://elearning.icsi.edu/) is a joint initiative taken by Institute of Company Secretaries of India (ICSI) and GurukulOnline Learning Solutions (GOLS) to provide quality education through Internet.

E-learning portal is available for the Company Secretary Foundation Programme & Executive Programme and which will also

be extended to Professional Programme in due course .


Undergoing of e-learning is in addition and not in substitution to compulsory postal tuition.

The online CS Course includes:

Web Based Training (WBT)

Video Based Training (VBT)

Live Virtual Classroom (LVC)

Web Based Training (WBT)

Quick quizzes & Mastery test

Hyperlinks & Hot-Spots

Live Chat and Discussion Board facility

Exciting multimedia slides covering the entire study material.

Video Based Training (VBT)

Quality Video Lectures

Learn from expert faculties replicating classroom training experience

Questions at regular intervals

Live Virtual Classroom (LVC)

Live broadcast of lectures over the internet

Interact Live with the faculty to remove your doubts / Queries on difficult

lessons

Conducted on specified date & time with playback facility


Benefits: Global reach - Students through out the

country including rural and semi-urban areas as well as from other countries can avail this facility

24x7 Hours on-line study facility

continuous access to studies and guidance of faculties on-line.

Learning and faculty support at any time as per the convenience of Students. Interactivity through Discussion Boards, Online Chat etc.,

Live interaction with the Faculty under Virtual classroom facility of e-learning portal


Registration Process: An existing student of ICSI can register on this eLearning Portal by paying fees separately to ‘GurukulOnline Learning Solutions Pvt. Ltd.’

Validity of the online course : One year from the date of ACTIVATION

Examination

Examination is conducted twice a year in June and December

Examination fee**Foundation Programme Rs.1200/-Executive Programme Rs.1200/- per ModuleProfessional Programme Rs.1200/- per Module

Last date for submission of application for appearing in the examination : 25th March (with late fee of Rs.250 till 9th April) 25th September (with late fee of Rs.250 till 10th October)

** SC/SC Students and Physically Handicapped Students are required to pay only 50% & 25% respectively of the Examination Fee applicable to general category candidates.

Examination

Medium of Examination : English / Hindi

Qualifying Marks :

40% marks in each paper and 50% marks in the aggregate of all

subjects.

Training Requirements

The students are required to undergo the following trainings:7 days Student Induction Programme (SIP)- within six months of Registration to Executive Programme

8 days Executive Development Programme (EDP) - after Executive Programme

15 days Management Skills Orientation Programme (MSOP)- after Professional Programme.

25 hours of Professional Development Programme (PDP)

15 months training after passing the Executive Programme or Professional Programme

Training Requirements

3 months practical training. This training will be exempted to the students who have undergone 15 months training.

15 days training in a specialized agency such as Registrar of Companies (ROC) / Stock Exchange / Financial and Banking Institution

The students can be exempted from undergoing training totally or partially depending on the practical experience possessed by them.

A student after passing the Professional Programme may enroll as ‘Licentiate ICSI’ at his/her option until completion of training requirements.

Membership

After qualifying the CS Professional Programme and on completion of training as provided under the CS Regulations, a candidate is enrolled as an Associate Member of the Institute and he / she can use the descriptive title “ACS” after his / her name.

Further Academic Pursuits

The CS course is recognised by the various Universities for admission to Ph.D Course in Management / Commerce / Law.

Utilisation of services of members by various professional/educational bodies for academic activities

ICSI conducts Post Membership Qualification (PMQ) Course in Corporate Governance.

Placement

The Headquarters and Regional Offices offer placement services to:Members

Executive or Professional Passed students

Placement assistance is also provided online on the Institute’s Website: www.icsi.edu

Campus Interviews are conducted to assist the students for employment

Company Secretaries have been working in various positions such as Company Secretary and Executive Director or Company Secretary and Vice President or Chief Compliance Officer or Asstt. Company Secretary or Legal Officer or Company Secretary and Finance Officer etc.

Pay Package

In recent campus interviews, the meritorious students, having become fresh Company Secretaries, were picked up by regulators and reputed companies at very attractive salaries ranging between Rs.3 lacs to Rs.5 lacs per annum.

In the large corporates and multi-national companies they are attracting huge pay packages ranging between Rs. Twenty Five lacs and Rs. One Crore per annum.

Salary packages, of course, depend upon the capabilities and capacities of a person and vary from sector to sector.

Financial Assistance / Scholarship

Prizes, Merit Scholarship and Merit-cum-Means AssistanceThe Institute awards Prizes, merit scholarships to the meritorious studentsMerit-cum-Means Assistance is granted to the economically weaker students

Concession in Fee Applicants belonging to SC/ST are required to pay only half the feesPhysically Handicapped Students are required to pay the fee as follows:

Foundation Programme:Rs.1500/-Executive Programme: Rs.2000/-Professional Programme: Nil

ICSI Students Education Fund TrustWith a view to encourage and motivate economically backward and academically bright students to pursue the Company Secretaries Course, the Institute has created a Trust viz. ICSI Students Education Fund Trust.

ICSI Students Education Fund Trust

Nature and Extent of Financial Assistance: Eligible students shall be fully exempted from:

Paying the Registration / Admission Fee, Postal Tuition Fee, Exemption Fee and other fees payment of Examination Fee

STAGE CATEGORIES OF STUDENTS / ELIGIBILITY CRITERIA

For Students with Family Income below Rs.1,00,000 per annum

For Academically Bright Students without any limit on their Family Income

Foundation Programme

65% Marks in both Matriculation & Senior Secondary Stages

85% Marks in both Matriculation & Senior Secondary Stages

Executive Programme

65% Marks in both Matriculation & Senior Secondary Stages and 60% Marks in Bachelor’s Degree Stage / 65% marks in aggregate in CPT of ICAI / 65% marks in aggregate in Foundation Exam of ICAI-CMA

85% Marks in both Matriculation & Senior Secondary Stages and 70% Marks in Bachelor’s Degree Stage / 75% marks in aggregate in CPT of ICAI / 75% marks in aggregate in Foundation Exam of ICAI-CMA

ICSI- IGNOU Course

BACHELOR OF COMMERCE (B.COM) WITH MAJOR IN CORPORATE AFFAIRS AND ADMINISTRATION

Eligibility for Admission: (a) 10 + 2 or its equivalent ; and(b) Registration in Company Secretaryship, Foundation

Programme.Students who have passed Company Secretaries Intermediate Course / Executive Programme shall also be eligible for admission.

Medium of Instruction : English and Hindi.

Fee Structure: Rs. 4800/-

Programme Structure: This programme comprises of:4 courses of Bachelor Degree Programme (BDP) programme of IGNOU, 4 courses of Foundation Programme of Company Secretaryship and 6 courses of Executive Programme of Company Secretaryship.

Duration of the Programme: Minimum 3 years and maximum 6 years

ICSI- IGNOU Course

MASTER OF COMMERCE (M.COM) IN BUSINESS POLICY AND CORPORATE GOVERNANCE

Eligibility for Admission: (a) Graduate in any discipline or equivalent qualifications from a recognized University/Institute.(b) Passed in Company Secretaryship Executive Programme.Candidates who have already passed the Company Secretaries course shall also be eligible for admission.

Programme Structure: The programme consists of:4 courses from the existing M.Com. programme offered by IGNOU 8 courses of Company Secretaries Professional Programme offered by ICSI.

Medium of Instruction: English and Hindi.

Fee Structure: Rs. 6000/-

Duration of the Programme: Minimum 2 years and a maximum period of 5 years.

Opportunities Abroad for CS

MOU with ICSA, London The ICSI and the Institute of Chartered Secretaries and

Administrators, UK (ICSA) after satisfying the high standards of examination and appreciating each others activities in promoting the best practices in Company Secretaries and professional education & administration signed an MOU which provides for reciprocal

exemptions on mutual basis. Members of ICSI are exempted from passing 5 out of 8

papers and are required to pass the following three core papers to acquire the membership of ICSA:• Corporate Governance• Corporate Secretarial Practice• Chartered Secretary Case Study

Members of the Institute of Company Secretaries of India, in good standing for a period of two years, can avail of the benefit of the MOU.


MOU with CISI, London The Institute of Company Secretaries of India

(ICSI) and Chartered Institute for Secrutites and Investment, London, have entered into a

Memorandum of Understanding (MOU), in terms of which ICSI inter alia will offer certain units of CISI qualifications in capital markets,

commodity markets, fund management, wealth management and investment banking as

electives to both its students & members.

CISI has also recognised membership of ICSI for automatic membership of CISI at the associate level (ACSI). Senior practitioners of ICSI in

Securities and Investment industry would be entitled to apply for Membership (MCSI).


MOU with CISI, London

This will provide them an exposure to the Securities & Investment industry apart from an internationally recognised qualification.

CISI has offered certain recognitions to ICSI students who have passed the ‘Executive Programme, which will facilitate their obtaining the ‘International Investment Administration Qualification (IAQ)’.

Contact Nos. : 011- 4534 1076 / 1077/ 1078CS Helpline : 011- 4150 4444Website : www.icsi.edu

ICSI HeadquartersICSI HOUSE, 22 Institutional Area,

Lodi Road, New Delhi 110 003Tel: 011-4534 1000, 4150 4444

Fax: 24626727Email: [email protected]

Directorate of Students ServicesThe Institute of Company Secretaries of India (ICSI)

C-37, Sector 62, NOIDA 201 301(U.P.), Tel: 0120-4522 000,

E-Mail: [email protected]

For Further Queries

CS Helpline : 011 – 4150 44444

For Further Queries

Regional Offices : EASTERN INDIA REGIONAL COUNCIL:

ICSI-EIRC Building, 3-A Ahiripukur I Lane, Kolkata 700019 Phone:22832973, 22816541, 22816542, 22901065,

2290 2178-79 Fax: 22816542, E-mail: [email protected]

NORTHERN INDIA REGIONAL COUNCIL:

ICSI-NIRC Building, Plot No.4, Prasad Nagar Institutional Area, New Delhi 110 005 Phone: 49343000

Fax: 25722662 Email: [email protected];

SOUTHERN INDIA REGIONAL COUNCIL:

ICSI-SIRC House, No.9 Wheat Crofts Road, Nungambakkam, Chennai 600 034 Phone: 28279898, 28222212 Fax: 28268685


WESTERN INDIA REGIONAL COUNCIL:

13 Jolly Maker Chambers, No.2, First Floor, Nariman Point, Mumbai 400021Phones: 22844073, 22047569, 22047580, 22047604 Fax: 22850109 E-mail: [email protected]

CS Helpline : 011 – 4150 44444

ICSI Centres across India

Website : www.icsi.edu

REGIONAL COUNCILS & CHAPTERS OF THE INSTITUTE

EASTERN INDIA REGIONAL COUNCIL

ICSI-EIRC Building, 3-A Ahiripukur I Lane, Kolkata 700 019Phone: 22832973, 22816541, 22816542, 22901065, 2290 2178-79 Fax: 22816542,

E-mail: [email protected]

Chapters: Bhubaneswar: 2552282 Dhanbad: 2205076 North Eastern Chapter (Guwahati): 2600401Hooghly: 32420164 Jamshedpur: 2234273 Patna: 2322405, 9234705754 Ranchi: 3254128

NORTHERN INDIA REGIONAL COUNCIL

ICSI-NIRC Building, Plot No.4, Prasad Nagar Institutional Area, New Delhi 110 005Phone: 25769352, 4934 3005 Fax: 25722662

Email: [email protected]

Chapters: Agra: 2881618 Ajmer: 2425013 Allahabad: 9335117477 Alwar: 9414277623Amritsar: 2566861 Bareilly: 2310708 Bhilwara: 329603, 238044 Chandigarh: 2661840

Dehradun: 6543 193 Faridabad: 9136606604-05 Ghaziabad: 2796668, 4559681Gurgaon: 2380021, 9718381912 Jaipur: 2707236, 2707736 Jalandhar: 2280315, 9872397506

Jammu: 2475148 Jodhpur: 5102551 Kanpur2296535, 2212767 Karnal-Panipat: 3290035 Kota: 2476176 Lucknow: 4109382, 9450465499 Ludhiana: 2545456 Meerut: 2642201

Modinagar: 243048 Noida: 9811231064 Shimla: 9418085670 Sonepat: 9416972240 Srinagar: 2483775, 9906631180 Udaipur: 2413977

Varanasi: 2507491, 2506077 Yamunanagar: 227541, 9355337541



SOUTHERN INDIA REGIONAL COUNCIL

ICSI-SIRC House, No.9 Wheat Crofts Road, Nungambakkam, Chennai 600 034Phone: 28279898, 28222212 Fax: 28268685


Chapters: Bangalore: 22286574, 22287158 Calicut: 6570601 Coimbatore: 2452006 Hyderabad: 23399541, 23396494 Kochi: 2392950, 4050502

Madurai: 2340797 Mangalore: 2216482 Mysore: 2516065 Palakkad: 2544 061 Puducherry: 2251151, 9362251151

Salem: 2441050, Thiruvananthapuram: 2451915 Thrissur: 2327860, 99956 39511 Tiruchirapalli: 2461662 Visakhapatnam: 2533516

WESTERN INDIA REGIONAL COUNCIL

13 Jolly Maker Chambers, No.2, First Floor, Nariman Point, Mumbai 400021Phones: 22844073, 22047569, 22047580, 22047604 Fax: 22850109

E-mail: [email protected]

Chapters: Ahmedabad: 26589343, 32918705 Aurangabad: 9325228194 Bhayander:28183888 Bhopal: 2577139 Dombivli: 2445423 Goa: 2435033 Indore: 4248181, 2494552 Kolhapur: 2659498

Nagpur: 2453276 Nashik: 2509989, 2500150 Navi Mumbai: 9833284483 Pune: 24263228, 24260341 Raipur: 4069290 Rajkot: 2477516 Surat: 2463404, 3917164

Thane: 25444478, 25444479 Vadodara: 2331498



Overseas Chapter

Dubai: +97.55.886.8029

THANK YOU

CAREER AS A COMPANY SECRETARY. The Institute of Company Secretaries of India (ICSI)

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Transcript of CAREER AS A COMPANY SECRETARY. The Institute of Company Secretaries of India (ICSI)