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Company Secretary
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Eligibility and Course Duration Industry Size Industry Growth Individual Growth Best Colleges
Company Secretary is a professional course administered by The Institute of Company Secretaries of India (ICSI) under the Company Secretaries Act, 1980 to develop and regulate the profession of Company Secretaries in India. 4000cr. 8-10%. Deputy CS to Vice President or Director. The Institute of Company Secretaries of India
www.icsi.edu
 

Company Secretary is a professional course administered by The Institute of Company Secretaries of India (ICSI) under the Company Secretaries Act, 1980 to develop and regulate the profession of Company Secretaries in India. According to the Companies Act, every company having a paid-up share capital of Rs. Ten Lakhs or more but less than Rs. Two Crores is required to engage the services of a Secretary in Whole-Time Practice for issue of Compliance Certificate All companies seeking listing on Stock Exchange are required to appoint a whole time company secretary . To become a company secretary, the candidate need to pass the Foundation, Executive and Professional programms conducted by the institute and further, they need to undergo practical training to become eligible for the membership as a Company Secretary.

A Company Secretaries service is very much important for a company’s management The work of a company secretary covers a wide variety of functions, he acts as a vital link between the Company, the Board of Directors, shareholders and governmental and regulatory agencies. He is a compliance officer of the company as well as Corporate Planner and Strategic Manager. Apart from carrying out these functions he also looks after finance, accounts, legal, personnel and administrative functions. Company Secretary is required to handle matters related to central/state sales tax, excise laws, labour laws and corporate law.

Company Secretary course is divided into three parts Foundation Programme, Executive Programme and Professional Programme. ICSI imparts training in Company Secretaryship by Distance Learning (by correspondence) enabling students to qualify as Company Secretaries. The Institute provides Course Material for all the subjects at the time of Registration. There is also provision for Optional Oral Coaching classes. Candidates who have passed senior secondary (10+2) can apply for the foundation course. Graduates, post-graduates (excluding fine arts) and who passed final exam of ICWAI or ICAI or of any other accountancy Institution in India or abroad recognised by the Council of the Institute can directly enroll to the Executive course without doing foundation course. Candidate who passed the Executive course exam can apply for Professional course. Registration for each examination should be done at least nine months before the month in which the examination is held. The examinations are usually held in June and December every year. Study material is provided to the students at the time of admission.

In recent times, the rapid corporatisation has increased the demand for Company Secretary's in corporate functions.

 
Eligibility

The Company Secretary Course conducted by The Institute of Company Secretaries of India (ICSI) has three sections -Foundation, Executive and Professional program.

The minimum eligibility required for the Foundation course for Company Secretary is 10+2 or an equivalent examination. Candidate who has enrolled for the 10+2 examination can apply with the proof of passing the examination within 6 months. Candidates who have passed the Foundation Course, and are not less than 17 years of age can apply for the Executive program. Graduates, post-graduates (excluding fine arts) and those who have passed final exam of ICWAI or ICAI or of any other accountancy Institution in India or abroad recognized by the Council of the Institute can directly enroll to the Executive program without doing foundation course. A registered student is required to complete the Executive program and the Professional program within the registration period. After passing the Executive program a registered candidate can apply for the Professional program.

In essence, excellent command over English, both written and oral is important for a company secretary. At the same time ability to understand, analyse complex and technical issues and exercise accordingly with tact and intelligence are other essentials. It is the moral responsibility of the company secretary to be loyal to his organisation on knowing their top level plans and important secrets.

Job Prospects and Work Area

Exposure to detailed study and practical training in various fields adds to versatility of a company secretary. Company secretary has a great scope of employment in Private companies, consulting firms, financial institutions, banks, Department of company affairs and other regulatory bodies. A qualified company secretary is competent enough to take up wide range of responsibilities in legal, secretarial, finance, accounts, personnel and administrative departments of companies and is involved in major decisions such as formulating long and short term corporate policies and programmes. Their other responsibilities include incorporation, managing public issues, act as internal legal advisor and representative, process inter-corporate loans and investments, maintain company's records, take care of company's tax planning, tax management, tax returns, explore expansion opportunities, arrange collaborations, amalgamations, joint ventures within and outside India etc. They are required to understand relevant aspects of law, update themselves with the changes to ensure proper compliance of legislations. The job also involves arranging company meetings, collecting and compiling information and recording the decisions. Nowadays, they are even foraying in capital markets and financial services industry. Their assistance in administration, management, planning and general running of the company makes them the company's chief administrator.

Employment oppurtunities

  • A qualified company secretary has openings in Employment and as Practising Independent Professional
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  • Companies with a paid up share capital of Rs.2 crores or more are compulsorily required to appoint a whole time Company Secretary who is a Member of ICSI
  • 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
  • Self employing/ Practising Company Secretaries

  • After obtaining a Certificate of Practice from the Institute, Members of the Institute can go in for Independent Practice.
  • Every company having a paid-up share capital of Rs. Ten Lakhs or more but less than Rs. Two Crores is required to engage the services of a Secretary in Whole-Time Practice for issue of 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.
  •  

    Course and Exam details

    Company Secretaryship course is divided into three sections. Foundation program, Executive program and Professional program. After passing the Executive or Professional program the candidate has to undergo practical training of 15 months.

    Foundation course

    Duration of Foundation Course is 8 months. Students are required to pass the Foundation examination within 3 years from the date of their admission. Candidates who have passed senior secondary (10+2) can apply for foundation course. Registration for foundation course is open through out the year. The exams for the foundation course are held in December and June. To appear for the exams in December candidate should apply for the exam before the 31st of march. Similarly to appear for the June exam, candidate should apply before the 30th of September. i.e the Registration for each examination should be done at least nine months before the month in which the examination is held.

    Subjects

  • English and Business Communication (FCEBC)

  • Basic Economics and Statics

  • Financial Accounting (FCFA)

  • Elements of Business Laws and Management (FERBAM)

  • Executive program

    Candidates who have passed the foundation course, and are not less than 17 years of age can apply for executive program. Graduates, post-graduates (excluding fine arts) and those who have passed final exam of ICWAI or ICAI or of any other accountancy Institution in India or abroad recognised by the Council of the Institute can directly enroll to the Executive program course without doing foundation course. Executive program consist of two modules. Candidates registered for executive program including the month of February in a year are eligible for ppearing in both the groups of the Executive program examination held in December of that year and those registered up to and including the month of August in a year are eligible to appear in the Executive porgram examination held in June of next year.

    Subjects

    Module I

  • General and Commercial Laws (IGCL)
  • Company Accounts and Cost & Management Accounting (ICA&CMA)
  • Tax Laws (ITL)
  • Module II

  • Company Law (ICL)
  • Economic and Labour Laws
  • Securities law and Compliances
  • Professional program

    A student is admitted to the Professional program examination only after a minimum period of nine months after passing Executive program examination. The examinations are conducted twice a year in June and December. Last date for enrolment applications for the final examination is 25th March (with late fee of Rs. 100, 9th April) for June examination and 25th September (with late fee of Rs. 100, 10th October) for December examination.The Professional program consits of 4 modules with 2 papers in each module

    Subjects

    Module I

  • Company Secrtarial Practice
  • Drafting, Appearances and Pleadings
  • Module II

  • Financial, Treasury and Forex Management (FFTFM)
  • Corporate Restructuring and Insolvency
  • Module III

  • Strategi Management, Alliances and Internation Trade
  • Advanced Tax Laws and Practice
  • Module IV

  • Due Diligence and Corporate Compliance Management
  • Governance, Business Ethics and Sustainability

  • Training

    A candidate who has passed the Executive or Professional program examination of the Institute is required to possess the practical experience and undergo the practical training. The objectives of training is to apprise the students with the functioning of the Corporate Sector and to create a cadre of professional Company Secretaries having a sound theoretical base and practical exposure to serve trade and industry effectively, both as a part of the management team as well as independent practicing professionals. Students who do not possess the specified practical experience are required to undergo on the job training for a period of fifteen months in recognised companies or under a Company Secretary in Practice duly approved for the purpose.

    Examination Centres

    ICSI has 66 Examination Centres scattered all over India including one overseas centre at Dubai.

    LIST OF ACCREDITED ORAL TUITION CENTRES OF THE INSTITUTE

    Following is the list of accredited oral tution centres of the Institute for imparting oral coaching classes to Foundation Program students.

    SOUTHERN INDIA REGIONAL COUNCIL

     
     

    The Principal

    Government Degree College

    Puttur-517583

    Dist. Chittoor (A.P.)

    The Principal

    Savitri Devi Saboo Memorial College

    Peruvayal P.O.-673024

    Dist. Calicut (Kerala)

     

    The Principal

    St. Joseph’s College

    Devagiri

    Calicut-673008 (Kerala 
     

    The Principal

    Dharmamurthi Rao Bahadur Calavala Cunnan Chetty’s Hindu College

    Dharmamurthi Nagar

    Pattabiram

    Chennai-600072 (T.N.)

     

    The Coordinator

    Christ College

    Bangalore-560029 (Karnataka)
     

    The Principal

    Annie Besant Women’s College

    16-11-477/3/2/1

    Dilsukhnagar

    Hyderabad-500036 (A.P.)

     

    The Principal

    St. Mary’s College

    Yusufguda

    Hyderabad-500045 (A.P.)

     

    The Principal

    Achariya Arts & Science College

    Achariyapuram

    Villianur

    Puducherry-605110

     

    The Principal

    A.V.V. Degree College

    S.V.N. Road

    Warangal-506002 (A.P.)

     

     

    The Director

    A.M. Jain Institute of Management

    Meenambakkam

    Chennai-600114 (T.N.)

     

    The Principal

    M.N.R. Degree College

    Bhagyanagar

    Kukatpally

    Hyderabad-500072 (A.P.)
     

    The Principal

    Nalanda Degree College

    Labbipet

    Vijayawada-520010 (A.P.)
     

    The Principal

    St. Ann’s College for Women

    Mehdipatnam

    Hyderabad-500028 (A.P.)

     

    The Secretary

    Meenakshi College for Women (Autonomous)

    C/o I.I.E.T.

    363, Arcot Road

    Kodambakkam

    Chennai-600024 (T.N.)

     

    The Principal

    Ramakrishna Degree College

    Nandyal-518501

    Dist. Kurnool (A.P.)
     

    The Coaching Coordinator

    P.S.G. College of Arts & Science

    Civil Aerodrome Post

    Coimbatore-641014 (T.N.)

     

    The Principal

    Kongu Arts & Science College

    Nanjanapuram

    Erode-638107 (T.N.)
     

    The Principal

    Badruka College of Commerce

    Kachiguda Railway Station Road

    Hyderabad-500027 (A.P.)

     

    The Coordinator

    Aurora Degree College

    Chikkadpally

    Hyderabad-500020 (A.P.)

     

    The Principal

    S.M.S. College of Arts & Science

    Siruvani Main Road

    Perur

    Coimbatore-641010 (T.N.)

     

    The Principal

    IDEAL Degree College for Women

    H.No.16-11-740/7/C & D

    Dilsukhnagar

    Hyderabad-500060 (A.P.)
     

    The Correspondent

    Nalanda Jr. College of Science & Arts

    3-4-646, Opp. Deepak Mahal

    Narayanaguda

    Hyderabad-500029 (A.P.)

     

    The Principal

    The Palakkad Co-operative Arts & Science College Limited

    No.P-902, Olavakkode

    Palakkad-678002 (Kerala)
     

    The Principal

    Anna Adarsh College for Women

    A-I, II Street, Off 9th Main Road, Anna Nagar

    Chennai-600040 (T.N.)

     

    The Principal

    Sree Kerala Varma College

    Thrissur-680011 (Kerala)

     

    The Principal

    Guru Nanak College (Evening)

    Velachery Road

    Velachery

    Chennai-600042 (T.N.)

     

    The Principal

    Seshadripuram Evening Degree College

    Seshadripuram

    Bangalore-560020 (Karnataka)
     

    The Principal

    Bhandarkars’ Arts & Science College

    Kundapura-576201

    Dist. Udupi (Karnataka)

     

    The Director

    R.V. Institute of Management

    CA-17, 36th Cross

    26th Main, 4th `T’ Block

    Jayanagar

    Bangalore-560041 (Karnataka)

     

    The Principal

    Sri Bhagwan Mahaveer Jain College

    34, 1st Cross, J.C. Road

    Bangalore-560002 (Karnataka)
     

    The Principal

    The Adoni Arts & Science College

    Adoni-518302

    Dist. Kurnool (A.P.)

     

    The Principal

    Dr. D.G. Shetty Educational Society

    Raghu Nivas, Near Durga Devi Temple, Fort

    Dharwad-580008 (Karnataka)

     

    The Principal

    Kristu Jayanti College

    K. Narayanapura

    Kothanur P.O.

    Bangalore-560077 (Karnataka)
     

    The Principal

    Vidyavahini First Grade College

    S.I.T. Extension

    Tumkur-572103 (Karnataka)

       

     

    WESTERN INDIA REGIONAL COUNCIL

     

    The Coordinator

    Shree Damodar College of Commerce & Economics

    P.O.Box No.347

    G.R. Kare Road

    Tansor, Comba, Margao

    Goa-403601

    The Principal

    S.B.E.S. Arts & Commerce College

    Saraswati Nagar

    Aurangpura

    Aurangabad-431001 (MS) 

    The Principal

    Narayan Zantye College of Commerce

    Bicholim

    Goa-403529 
     

    The Principal

    C.C. Sheth College of Commerce

    Room No.25

    Navgujarat Campus

    Ashram Road

    Ahmedabad-380014 (Gujarat)

       

    EASTERN INDIA REGIONAL COUNCIL

     

    The Counselor

    Siliguri College of Commerce

    College Para

    Siliguri-734401

    Dist. Darjeeling (W.B.)

     

    The Principal

    Bidhan Chandra College

    Asansol-713304

    Dist. Burdwan (W.B.)
     

    The Principal

    Syamaprasad College

    92, Dr. Syamaprasad Mukherjee Road

    Kolkata-700026 (W.B.)

     

    The Principal

    Nayagarh College

    Nayagarh-752069 (Orissa)

     

    The Director

    Bokaro Public School

    Sector-III/C

    Bokaro Steel City-827003

    Jharkhand

     

    NORTHERN INDIA REGIONAL COUNCIL

     

    The Principal

    Chhaya Public School

    Delhi-Meerut Road

    Modinagar-201204

    Uttar Pradesh

    Remuneration

    Company Secretaries command high salaries, as compared to other managerial staff. The remuneration and conditions of service depend on the qualification and experience. Some of the average monthly earnings ranges are Pre qualifications Junior Secretarial Office-Rs. 8000 plus per month, Deputy Company Secretary Rs. 15000 plus per month, Company Secretary Rs. 20000 plus. Financial Controller Rs. 35000 plus per month.

    Best Colleges

    The Institute of Companies Secretaries of India
    www.icsi.edu

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