Sunday, 22 September 2013

About Company Secretary (CS)

Company Secretary is a professional course administered by The Institute of Company Secretaries of India (ICSI). For the past several years there has been a tremendous growth in the demand for Company Secretaries for the following reasons:

• Companies with a paid-up share capital of Rs. 5 crore or more are legally obliged to appoint a whole-time Company Secretary who must be a member of the Institute of Company Secretaries of India.

• Every Company having a paid-up Share Capital of Rs.10 Lakhs or more but less than Rs.5 Crores is required to engage the services of a Company 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.

• The Companies Act, 2013 has opened tremendous avenues for both practicing Company Secretaries, as well as those in employment.

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

• The CS Course is recognized by various Universities for admission to Ph.D. courses as well as for appointment as Lecturers in Commerce and Management subjects.

The Company Secretary course is designed to give the requisite knowledge and understanding of the modern practice in corporate, financial and legal affairs.

Career Prospects

Corporate Governance is a combination of legal practices, ethics, the best management practices, wealth creation management and foresight. A Company Secretary is the key person, who implements all these in a corporate environment.

A Company Secretary may represent a company to the internal and external stakeholders, coordinate the management functions and company policies, and help in strategic decisions. As a qualified Company Secretary, an individual becomes truly multi-faceted, who is capable of handling managerial and compliance related functions in any organization, through foresight and professional skillfulness.

A Company Secretary may also choose to practise as an independent professional.

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