Company Secretary Course
The Company Secretary (CS) is a professional course which is conducted by The Institute
of Company Secretaries of India (ICSI).
The Institute of Company Secretaries of India (ICSI) is constituted under an Act
of Parliament i.e. the Company Secretaries Act, 1980. ICSI is the only recognized
professional body in India to develop and regulate the profession of Company Secretaries
in India.
About Company Secretary
Company Secretary coordinates with various departments and ensures good corporate
governance. They are experts in laws, related to companies such as Companies Act
and Laws related to Capital Market. They advise the Board of Directors of a company
and are responsible for all the regulatory compliance that the company has to adhere
to.
Nowadays, these professionals are also entering the capital markets and financial
services industry. Their role is getting extended into the administration, management,
planning and general running of the company.
Termed as governance professionals, Company Secretaries are considered competent
to provide sound advice on Corporate, Legal, Secretarial, Administrative and even
Tax related matters within a company.
He is the eyes and ears of the Board, ensuring that the company remains within the
right side of the law; a tough, but exceptionally rewarding profession. With more
and more companies increasingly being listed on the stock exchange today, managements
need to ensure greater transparency while adhering to high standards of responsibility.
"A robust system of compliance management as well as following the best global practices
of Corporate Governance is a must for a corporate entity today. This is where the
Company Secretary steps in."
With the growth in the corporate sector, the career of Company Secretary has also
become more lucrative. Company Secretaries are specialized professionals for maintaining
the link between the government bodies like the Department of Company Affairs, Company
Law Board on one side and the Corporate Sector on the other side.
Function
Main function of a Company Secretary is to act as the mediator between the Company
and its Board of Directors. He also provides guidance to the Chairman and the Directors
on how to make the best use of their responsibilities under various laws.
Scope
The role of a Company Secretary is that of an advisor for legal matters. If a company
goes public, then the management of the public issue falls under the ambit of a
Company Secretary. All legalities involved with inter-corporate investments and
loans are looked after by a Company Secretary.
Company Secretary can find employment in Government accounts or law departments
or can become a Managing Director or Chairman of a Company and be a part of the
Board of Directors of a Company.
How To Become CS
A person can become a CS only after passing exams conducted by the Institute of
Company Secretaries of India.
To become a Company Secretary, the candidates need to pass the Foundation , Executive
and Professional Programme.
The minimum eligibility required for the foundation course for training as a Company
Secretary is 10+2. Graduates or post-graduates in commerce, or any other discipline
are allowed to skip the foundation course and enroll directly for the intermediate
examination.
The Institute of Company Secretaries of India conducts examinations for different
levels of competencies throughout the country. Those who clear these examinations
are granted membership to the Institute.
This exemption is also extended to those who have passed out of the Institute of
Cost and Works Accountancy or the Institute of Chartered Accountants of India.
Stages To Become a Company Secretary
The student who would like to join the Course after 10+2 pass or equivalent has
to undergo 3 stages to pursue the Company Secretaries Course i.e.
Foundation Programme
Which is of 8 months duration & can be pursued by 10+2 pass or equivalent students
of Arts, Science or Commerce stream (Excluding Fine Arts).
Executive Programme
Executive Programme can be pursued by a Graduate of all streams excluding Fine Arts.
Professional Programme
Professional Programme can be pursued only after clearing the Executive Programme
of CS Course.
The Student who would like to join the Course after passing the Graduation has to
undergo 2 stages of the Company Secretaryship i.e.
• Executive Programme
• Professional Programme
Examination
Examination is conducted twice a year i.e. in June and December
Medium Of Examination
The Institute allows facility to students to appear in examination in English as
well as in Hindi. (Except Business Management, Ethics and Communication subject
of Foundation Program)
Qualifying Marks
A candidate is declared to have passed the Foundation / Executive / Professional
examination, if he/she secures at one sitting a minimum of 40% marks in each paper
and 50% marks in the aggregate of all subjects