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Introduction

Step-by-Step

Start Early

Is it the Right Career for Me?

What would it Cost Me?

Funding/Scholarship

Job Prospect

Pay Packet

Demand and Supply

Market Watch

International Focus

Positives/Negatives

Different Roles, Different Names

Top Companies

Tips for Getting Hired

Introduction

The recent upheavals in the corporate

world have shaken the confidence of

shareholders. There is a greater demandfor displaying corporate credibility and

transparency by organisations in

managing their internal affairs. There is

also a need to retain the confidence of

various stakeholders. Since, the top

management is too busy managing the

general working of an organization this

new challenge can only be shouldered by

some highly qualified and competent

professionals.

Here comes the role of a company

secretary. Earlier, the traditional role of a

company secretary was limited to

providing support to the board of directors

and managing administrative affairs of an

organisation. However, the horizon of their

roles and responsibilities has expanded

exponentially. Apart from their traditional

tasks, company secretaries now have to

take care of corporate governance and

even legal matters of a company.

As the position of a company secretary

has steadily become critical to the smooth functioning of a corporate entity so

has the demand for this job profile. In this role, you not only hold a high position

in the management hierarchy but your role is highly accountable both within andoutside your organisation.

In this context, this job profile provides both exciting career prospects coupled

with innumerable challenging situations. All-in-all this position is in great demand

in the job market and this trend is not going to slow down anywhere in the near

future.

The training company secretaries receive sets them apart from other

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ran.com/http://www.jagranjosh.com/articles-common-management-admission-test-cmat-1323255340-1http://www.jagranjosh.com/articles-sarkari-naukri-government-jobs-1303378740-1http://www.jagranjosh.com/articles-upsc-1292933694-1http://www.jagranjosh.com/articles-ibps-recruitment-1310029704-1


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professionals within a company. These candidates have good exposure to a wide

spectrum of subjects such as law, accountancy, administration, secretarial

practice and many others. This automatically qualifies them for a vast range of

positions within a company from the very early days of their career.

Step-by-Step

Overall, there are three qualifying stages for becoming a company secretary,

namely, the foundation stage, the intermediate stage and the final stage. The

Institute of Company Secretaries of India (ICSI) offers this study course. You

can join the foundation course after completing your 10+2 and then move on to

the intermediate level of the course. Alternatively, you can complete you

graduation, post-graduation or any other professional qualification to seek

admission directly into the intermediate stage.

Foundation Course:

Candidates who have passed senior secondary (10+2) can apply for the

foundation course. The duration of the foundation course is eight months.

Students are required to pass the foundation examination within three years from

the date of their admission.

Subjects:

English and Business Communication

Basic Economics and Business Environment

Financial Accounting Elements of Business Laws and Management

Information Systems and Quantitative Techniques

Intermediate Course:

Once you have cleared the foundation course and your age is not less than 17

years, then you can apply for the intermediate level. Graduates, post-graduates

(excluding fine arts students) and those who have passed out from ICWAI or ICAI

or any other recognised accountancy institution in India or abroad, can directly

enrol into the intermediate course without going for the foundation course.

Subjects:

Group I

General and Commercial Laws

Company Accounts and Cost & Management Accounting

Tax Laws

Management Information Systems and Corporate Communication

Group II

Company Law

Company Secretarial Practice

Economic, Labour and Industrial Laws

Securities Laws and Regulation of Financial Markets

You can get an exemption for some individual papers on the basis of your pre-

qualification.

Final Course:

The final stage of the company secretary course imparts training on a wide

variety of specialised subjects.

Subjects:

Group I

Advanced Company Law and Practice

Secretarial Practice relating to Economic Laws and Drafting and Conveyance

Secretarial Management and Systems Audit

Group II

Financial, Treasury and Forex Management

Corporate Restructuring-Law and Practice

Banking and Insurance-Law and Practice

Group III

WTO-International Trade, Joint Ventures and Foreign Collaborations Direct and Indirect Taxation-Law and Practice

Human Resource Management and Industrial Relations

Training

Training is an important aspect of the company secretary course. You will have

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to undergo short term training programs during the intermediate level and after

the final level examination of the company secretary course. These short term

trainings improve your communication and management skills and also help in

personality development.

Furthermore, you will have to acquire practical training after completing the

intermediate or final level examination to obtain an Associate Membership of

ICSI. This training is essential since it gives valuable insight into the working of

the corporate sector and also provides practical exposure to industry standards.

This training can be completed in companies sponsored by ICSI or under the

guidance of a practicing company secretary.

Once you have successfully completed the final level course along with the

practical training you are admitted into the institute as an Associate Company

Secretary. From this point onwards, you can look for prospective job openings.

Start Early

Clearing your 10+2 is the basic criteria for making a move towards this particular

career path. At this level, you can join the foundation level course. However, you

can also get admission to the intermediate level of the company secretary

course if you have earned your graduate degree or any other equivalent or higher

academic qualification.

Is it the Right Career for Me?

If you have good judgmental quality, legal aptitude, interest in current affairs andgood administrative ability then company secretary is an ideal career path for

you. Other essential skills required for this job profile include good

communication skills, a firm grounding in accountancy, secretarial practice and

keen mind to learn new things.

What would it Cost Me?

The duration for the foundation course is eight months excluding the months of

admission and examination. The fee for the foundation course is Rs 3,600. The

intermediate course is nine months excluding the months of admission and

examination. The fee for the intermediate course is Rs 7,000 for commerce

graduates and Rs 7,700 for others. The final course can cost up to Rs 10,000.

Other than these, the trainings that you will have to undergo during the

intermediate and the final level can cost you something around Rs 2,000 to Rs2,500.

Funding/Scholarship

Funding and scholarships are not extended for this course. However, you can

take a student loan to pursue your company secretary studies.

Job Prospect

As a qualified company secretary, you can find good positions in the private

sector and public sectors, banks and financial institutions. You can also look for

openings in stock exchanges, the Department of Company Affairs, company law

boards and various government departments. The larger the company and the

wider its field activity, the better are the emoluments earned by the company

secretary.

Company secretaries have the added advantage of setting up their own

consultancy business after obtaining a certificate of practice. Companies with a

paid-up share capital of Rs 10 lakh and more and less than Rs 2 crores are

required to employ the services of practicing company secretaries for issuing

corporate compliance certificates.

Company secretaries have immense knowledge of a wide variety of subjects. In

this context, they can take up position of a lecturer or a visiting faculty in various

academic establishments.

Pay Packet

A budding and meritorious company secretary can hope to start his career with

a monthly remuneration of Rs 20, 000 to Rs 25, 000. However, for an ordinarycandidate, a monthly salary of Rs 10, 000 is almost guaranteed. However, with

time, experience and expertise in managing company affairs you can command

hefty pay packets.

Demand and Supply

As per the Companies Act, 1956, every company that has a paid-up share


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capital of Rs 2 crores or above has to employ a full time company secretary. The

ICSI has developed and regulated the profession of company secretaries in the

country. Hence, there are ample career opportunities for company secretaries in

various sectors across the nation.

According to ICSI the projected demand for company secretary professionals is

set to touch 50,000 by 2015. Presently, there are 22,000 company secretaries in

the country.

Market Watch

The demand for trained company secretaries is enormous. The primary factor in

this regard is the growth of our countrys financial might. The policy of

liberalisation has created favourable atmosphere within the country for setting up

of new businesses.

Further, numerous foreign companies have set up their installations in the

country. All this has translated into India becoming one of the fastest growing

economies of the world. Also, there is a spurt in the corporate activities such as

expansions, mergers, collaborations and joint ventures. All this means a never

ending demand for highly trained company secretaries.

International Focus

There is no doubt whatsoever that company secretaries are in huge demand in

India and abroad. However, the course is based on the Companies Act 1956,

which has its heredity in the Indian legal and political system and does not have

much relevance outside India.

Not to be disheartened, a qualified company secretary may nevertheless find

employment opportunities similar to those available to business graduates in the

USA, Australia UK or other European countries.

Positives/Negatives

+ives

The market demand for this career is on the upswing.

There is tremendous growth opportunity in this profession along with excellent

remuneration.

This is a coveted position and rapidly gaining popularity amongst youngsters

who want to make it big in the corporate world.

-ives

There is not much recognition for this course abroad.

Since the roles and responsibilities associated with this position are highly

accountable and visible, there is constant pressure to deliver results.

Different Roles, Different Names

The following is a brief description of the significant roles and responsibilities of

a company secretary.

Assistance to the Board of Directors: Company secretaries not only provide

secretarial assistance to the board but also provide them with expert advice in

many respects.

Company Registrar: They are an important component of a companys

managerial hierarchy working in the capacity of the company registrar.

Legal Advisor: As a legal advisor, they have to provide assistance to the

company in case of any legal matter. They also ensure that the company

complies with the statutory and bureaucratic directives of company, security and

corporate laws.

Corporate Policymaker: Company secretaries play an important role in

putting together both short term and long term corporate policies of the

company. They also advise the company board when existing corporate policies

are brought up for review from time-to-time.


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Pay Packet | Demand and Supply | Market Watch | Different Roles, Different Names | Top

Companies | Step-by-Step|Tips for Getting Hired |Start Early | International Focus |

Positives/Negatives | Is it the Right Career f or Me?| What would it Cost Me? |

Funding/Scholarship | Introduction| Job Prospect

Read more Careers on : careers, career company secretary, Institute of CompanySecretaries of India, ICSI, career in accounting, accountant careers, career in management

Chief Administrative Officer: In the capacity of the chief administrative

officer, they have to monitor the general administrative activities of the company.

They are responsible for the safekeeping of all legal and other confidential

documents of the company.

Principal Secretary: They have to manage all aspects of corporate meetings

be it board meetings, annual general meetings, interaction with important clients

and vendors, meetings with government and private delegations. They may also

have to take up the responsibility to manage corporate events and manage

clients.

Corporate Planner:As additional responsibility, company secretaries also

have to keep a discerning eye on the expansion opportunities of the company.

Further, they have to take care of collaborations, joint-ventures, mergers,

takeovers within the country and outside.

Important Link: Company secretaries act as a vital link between the board of

directors and external entities such as shareholders, regulatory authorities and

government bodies. They have to prepare detailed reports regarding company

policies and disseminate them amongst internal as well as external

stakeholders. On the other hand, they have to present the views of shareholders,

regulatory bodies and government agencies to the board.

Miscellaneous Tasks: Another important role requires company secretaries

to manage the companys tax management. The assessment of tax, filing of taxhas to be supervised by a company secretary. In some organizations, they have

to take care of loans taken by the company, deal with corporate banks and

actively participate in important investment decisions.

Top Companies

As per the Companies Act, 1956, every company with a paid-up share capital of

Rs 2 crores or above has to appoint a full time company secretary. In this

respect, the employment horizon of company secretaries is indeed vast and

diversified.

Tips for Getting Hired

1. Deft administrative, managerial and communication skills are vital ingredients

of success in a highly competitive corporate environment.

2. Company secretaries are good communicators. The skill to make others

understand ones thoughts and ideas in a simple and lucid manner anytime

makes secretaries eligible for top posts in an organisation.

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