Company Secretary

12/12/2014 Career



Introduction

A Company Secretary is a
professional whose role in a corporate set up is that of an advisor for
legal matters. As per the Companies Act, a statutory requirement is that
companies with a paid up share capital of a minimum of Rs.50 lakh are
required to appoint a Company Secretary. Company Secretary is a very
important member of the corporate management team. He/she assists the
efficient management of a corporate body.



The skills and attributes required for a company secretary is such that
he/she should be accountable for efficient management of the corporate
sector. He co-ordinates and assists various departments of the organisation,
ensures compliance of company legislations and advises directors on
statutory requirements of the company.



The Institute of Company Secretaries of India (ICSI) offers courses in
Company Secretary. To become a professional company secretary in India,
individual must pass the following examinations conducted by the ICSI. These
are:



� The Foundation Course

� The Intermediate Course

� The Final Course



After successful completion of the above courses, the individual undergoes
practical training to become a member of the Institute of the Company
Secretaries of India after which he is considered as a Professional Member
of the ICSI and is also issued a membership number.





About ICSI





The Institute of Company Secretaries of India (ICSI) is constituted under
the Company Secretaries Act, 1980 (Act No. 56 of 1980) to develop and
regulate the profession of Company Secretaries in India. It was in 1960 that
the Company Law Board started a course in company Secretaryship leading to
the award of



government Diploma in company Secretaryship.



As the number of students taking up the company Secretaryship course
swelled, the government promoted on 4th October 1969, the Institute of
Company Secretaries of India under Section 25 of the Companies Act, 1956 for
taking over from the government the conduct of company Secretaryship
examination.



Since then the Institute of Company Secretaries of India has been converted
into a statutory body with effect from 1st January 1981 under the Company
Secretaries Act, 1980. It is a recognised professional body formed to
develop and regulate the profession of company secretaries. It is the ONLY
institute which offers this course and awards the certificate bestowing the
designation of company secretary to a candidate qualifying for membership of
the institute. The institute has its headquarters at New Delhi and has four
regional offices at Kolkata, Delhi, Chennai and Mumbai. In addition, there
are 36 chapters and 10 satellite chapters located all over the country.



Career prospects





Pursuant to Section 383 A of the Company Act, 1956, companies having a
paid-up share capital of Rs. 50 lakhs or more are statutorily required to
appoint a company secretary. Also all companies seeking listing on stock
exchange are required to have a full-time qualified company secretary. A
qualified company secretary is a competent enough to take up wide range of
responsibilities in legal, secretarial, finance, accounts, personnel and
administrative departments of companies or other organizations in the
private and the public sector.



Almost every kind of organisation whose affairs are controlled by boards or
councils and other corporate structures be it a co-operative society,
association, federation or statutory authority, finds it beneficial to
appoint a qualified company secretary. Initially the career may begin with
designation of a Junior Secretarial Officer. Depending upon the experience
and hard work it can rise up to senior level positions of Company Secretary
and even Finance Advisor.



While a Company Secretary can aspire to get employment opportunities in
government accounts or law departments, he/she can become a Chairman or
Managing Director of a Company or be a part of the esteemed Board of
Directors of a Company.



Remuneration





The salary of Company Secretary or Secretarial Officer depends upon his/her
experience. The remuneration of a salaried CS professional in corporate
sector is very high. The salary varies between Rs.25, 000 and 1.5 lakhs per
annum. Individual with a CS qualification is treated the same with a person
having MBA qualification in Finance. The CS professionals are also appointed
as financial advisor in big companies.



ICSI Offices





Head Office

ICSI House, 22, Institutional Area Lodhi Road, New Delhi 110 003

EPABX LINES: (011) 41504444, 24617321-24-, 24644431-32, Fax: 24626727

Website: http://www.icsi.edu/



Regional Offices



Mumbai

13 Jolly Maker Chambers; No. 2 (IST FLOOR); Nariman Point

Mumbai - 400021



New Delhi

ICSI-NIRC Building Plot No.4; Prasad Nagar Institutional Area; Near Rajendra
Place

New Delhi - 110005



Chennai

ICSI-SIRC House, New No 9 (old no. 4),; Wheat Crofts Road; Nungambakkam

Chennai - 600034



Kolkata

ICSI-Eirc Building; 3-A, Ahiripukur, Ist Lane; Near Beck Bagan Nursing Home

Kolkata - 700019



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