Are you the one looking for the step to step guide on How to become a CS in India? Then, your search is surely over here. In this article, I have explained in detailed information about the Company Secretary.
Company Secretary is a renowned degree to earn just like a Chartered Account. To achieve this renowned degree you need rigorous efforts and hard work. With hard, you also need proper guidance. Here is your direction to proper guidance. Let us get started.
About Company Secretary (CS)
Recently the corporate world is shaken due to various reasons. Because of this, the shareholders have lost their confidence in investing through shares. It has become important for the company to retain its stakeholders and build the trust most them. But who will build the confidence and trust among the stakeholders?
The top-level management is busy running the company. The CS takes the responsibility of building trust among the stakeholders. Some specialized professionals are appointed in the companies to tackle these problems. The skilled professionals are called company secretaries. The company secretary plays a very vital role in the organization. The company secretary suggests a solution to very crucial matters. A company cannot run smoothly without a company secretary.
Full form of CS
CS stands for nothing but a Company Secretary. A company secretary is a skilled professional appointed for the smooth functioning of the company auto corporate organization.
What is ICSI
ICSI stands for institute of company secretary in India. To become a CS the candidate first has to be e a member of ICSI. Then only one is eligible for all the exams and after cracking all the exams candidate can become a CS.
The exam is conducted twice a year in June and December. The fees for the foundation program are Rs.4500/-. The qualifying marks for the foundation intermediate and final are to secure a minimum of 40% marks in each paper and an aggregate of 50% marks in all the subjects.
How to Become a CS
Now, let us see CS Course Details. The guideline on how to become a CS after 12th are as listed below.
To qualify for the exam you need to follow some criteria’s. The eligibility criteria to become CS in India are as listed follows.
To become a company secretary the candidate has to pass the 10+2 class.
Exam & Syllabus
To become our company secretary the candidate has to pass three stages. The three stages to becoming a company secretary are listed below.
1. Foundation Course
The candidate first has to register for the foundation course after passing the 12th standard. The foundation courses of 8 months. A candidate can apply for the foundation course many times but it is a compulsion that he should pass the foundation exam within the three years of admission for the course. The graduates and the postgraduates excluding the fine arts students can directly enroll in the intermediate exam without appearing for the foundation course. It is an examination that is given to graduate and postgraduate students.
Syllabus for Foundation
There are four papers in the foundation program
- Business environment and law
- Business management, ethics, and entrepreneurship
- Business economics
- Fundamentals of accounting and auditing
Passing the foundation course the candidate is eligible for the intermediate course.
Syllabus for Intermediate program
The program consists of two models. Each module consists of four papers
- Jurisprudence, interpretation, and general laws
- Company law
- Setting up of business entities and closure
- Tax laws
- Corporate and Management accounting
- Securities law and capital markets
- Economic, business, and commercial laws
- Financial and strategic management.
After clearing the intermediate stage the candidate is qualified for the final level of the CS course.
Syllabus for Final program
The final program consists of three modules
- Governance, risk management, compliances, and ethics
- Advanced tax laws
- Drafting, pleadings, and appearances
- Secretarial audit
- Corporate restructuring
- Resolution of corporate disputes
- Corporate funding and listing in stock exchanges
- Multidisciplinary case studies
Open book examination. You can choose one out of eight subjects.
- Banking law and practice
- Insurance law and practice
- Intellectual property rights
- Forensic audit
- Direct law and practice
- Labour law and practice
- Valuations and business modeling
- Insolvency law and practice
The internship program plays a very vital role at the time of the intermediate and final level of the company secretary Course. It is a compulsion that a candidate should undergo through an articleship program and it has no option.
Practical training is a must and necessary after intermediate and final level.
Passing all the three levels of the CS program that is foundation intermediate and final and successful completion of the training that is article share a candidate is eligible to become associate company secretary.
The Job Role of Company Secretary
A Company Registar plays a vital role in the organization of a company.
Any form of company disputes or issues that are raised on regular basis, for instance, the company secretary acts as a legal advisor. Secretary is most aware of the corporate laws, securities, and statuary directives. Through such a vast knowledge it legally properly directs the company.
Chief Administrative Officer
The chief administrative officer was responsible for the admin operation of the company. He is responsible for the confidential data and documents of the company.
The corporate planner plays a vital role in expanding the opportunities with challenges for the future of the company. These are the people who make the most important decisions regarding joint ventures collaborations takeovers within the company itself or outside the company.
The principal secretary is responsible to manage the various types of meetings. Then let it be the board meetings, annual general meetings all the meetings with any other officials or private organizations.
The corporate policy maker plays a vital role to plan the short-term and long-term objectives and policies for the company. To revise the policy from time to time is also the responsibility of the corporate policymaker.
Member of the Board Of Director
The company secretary is also appointed as one of the members of the board of directors. The decision is taken so that the company secretary can provide expert advice and can direct all the other members of the organization.
Accept all the roles that are mentioned above the company secretary is also responsible for other duties regarding the tax, filing of the tax, and assessment of the tax.
Career scope for Company Secretary
The qualified associate company secretary can get a job in the public as well as private sectors. The company secretary can also get a job and has a vast career scope in many other corporate institutions, institutions, and banks. Company secretaries are a must in government departments and departments of the company of affairs.
After a good training in company secretary, the candidate can even open had his consultancy. The candidate has to first acquire the certificate of practice.
A company secretary can be a lecturer for a visiting faculty in different institutes of a company secretary.
Salary of Company Secretary
The company secretary is a must for the smooth working of any organization. Secretary also orders part of the top-level management. Top-level companies pay very good packages to the company secretary. With the experience, the salary of a company secretary also increases. The salary for a fresher company secretary starts from 3 lakh per annum.
Books & Study Material
CS Executive company law by NS Zad
Company law by Sangeet Kedia
Cost and Management accounting by NS Zad
Also Read: Know-How to Become Architect
To conclude, this was all about How to become a CS in India. Hope I have covered all the details and was able to resolve all your queries regarding the Company secretary. Yet any more queries ask me by commenting in the comment box. I will get back to you with an answer.
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