The recent upheavals in the corporate world have shaken the confidence of shareholders. There is a greater demand for displaying corporate credibility and transparency by organisations in managing their internal affairs. There is also a need to retain the confidence of various stakeholders. 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.
In this context, this job profile provides both exciting career prospects coupled with innumerable challenging situations. The training company secretaries receive sets them apart from other 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.
In essence, excellent command over English, both written and oral is important for a company secretary. At the same time ability to understand, analyses 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.
The Company Secretary Course conducted by The Institute of Company Secretaries of India (ICSI) has three sections -Foundation, Intermediate, and Final course. 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 Intermediate course. Graduates, post-graduates (excluding fine arts) and those who have passed final exam of ICWAI or ICAI institute or of any other accountancy Institution in India or abroad recognized by the Council of the Institute can directly enroll to the intermediate course without doing foundation course. A registered student is required to complete the Intermediate and the Final examination within the registration period. After passing the intermediate course a registered candidate can apply for the Final course..
Job Prospects and Work Area
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.
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, with time, experience and expertise in managing company affairs you can command hefty pay packets.
- Institute of Company Secretaries of India (ICSI), New delhi
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- DCA Academy, Andheri East, Mumbai
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- Sree Ramu College of Arts and Science, Coimbatore
- Bachelor of Commerce (B.Com. Company Secretary) - 3 Years, Full Time