Company secretary course is a prestigious as well as a value-added professional course for commerce students. A company secretary is a person mainly in charge of legal and statutory compliance not only for the private but also public company. CS is a bridge between corporation and government bodies.
Need Of A Company Secretary
With the introduction of Listing Agreements and SEBI act, the need for compliance has significantly increased. Consequently, there is much stringency of rules. The need for corporate compliance and disclosures has also much increased. Therefore the transition has created demand for such professionals who have knowledge of the company and related laws. A Company Secretary is most of all a link between company and government regulated bodies.
To regulate and administer this course government has established under The Company Secretaries Act 1980, a national professional body ICSI ( Institute Of Company Secretaries Of India). ICSI is given the responsibility of framing rules and policies for the effective management of the profession. Consequently, ICSI provides course materials to students and conducts induction programmes for students as well as for developing and nurturing their soft skills. In addition to bookish knowledge, personality development classes are also given. Since dedicated and smart professionals are the need of the corporate world.
Company Secretary Course Details
The CS curriculum is divided into three levels. To qualify for the next one, one has to complete the previous level.
1. Foundation Programme:
It is the first level of the company secretary course. A student can register for foundation programme after 10+2. To register for this course, the student has to fill the application form online from www.icsi.edu and upload the required documents. The student needs to check the enrollment status online and dispatch of study material.
The examination is conducted in June and December months every year. To appear for June exam, registration needs to be done in and before September of the previous year. Also To appear for December exam, one needs to register before 28th February of the same year.
2. Executive Programme:
It is the second level of company secretary course. After passing foundation programme or after completing graduate degree one can directly apply for registration in the executive program online by submitting the requisite documents. For students aspiring to appear in June 2018 exam, the last date for registration was 31st August 2017. Also For students aspiring to appear in December 2018, the last date for registration is 31st May 2018 for one module only.
3. Professional programme:
It is the final stage of company secretary course. After clearing executive stage both modules one can register for the professional stage. The student portal at www.icsi.com gives online registration facility. Almost all the requisite information is available on the website. In addition to this course materials are dispatched to students. For appearing in all four modules in June 2018, the last date for registration is 31st August 2017. If appearing in any single module registration needs to be done before 30th November 2017. If appearing in all four modules in December 2018, the last date for registration is 28th February 2018. For appearing in any single module in December 2018, register before 31st may 2018.
Company Secretary Course Duration
It’s a three-year course and the degree is equivalent to a UG degree. Cs course has three stages:
- 1. Foundation Programme – 8 months
- 2. Executive Programme – 9months
- 3. Professional Programme – 15 months
To qualify for the next stage one has to first of all pass all the exams of the previous stage.
1. Foundation Programme – Rs 4500
2. Executive Programme – Rs 8000
3. Professional Programme – Rs 12000
The subjects under each programme are as follows-
1.Foundation Programme –
- Business Environment And Law
- Business Management, Ethics, And Entrepreneurship
- Fundamentals Of Accounting And Auditing
- Business Economics.
2.Executive Programme – New syllabus w.e.f December 2018
Module – 1:
- Jurisprudence, Interpretation & General Laws
- Company Law
- Setting up of Business Entities and Closure
- Tax Laws
Module – 2:
- Corporate & Management Accounting
- Securities Laws & Capital Markets
- Economic, Business and Commercial Laws
- Financial and Strategic Management
3.Professional Programme –
Module – 1:
- Governance, Risk Management, Compliances and Ethics
- Advanced Tax Laws
- Drafting, Pleadings, and Appearances
- Secretarial Audit, Compliance Management, and Due Diligence
- Corporate Restructuring, Insolvency, Liquidation & Winding-up
- Resolution of Corporate Disputes, Non-Compliances & Remedies
Module – 3:
- Corporate Funding & Listings in Stock Exchanges
- Multidisciplinary Case Studies (The examination for this paper will be open book examination)
- Electives 1 paper out of below 8 papers
- Banking – Law & Practice
- Insurance– Law & Practice
- Intellectual Property Rights– Laws and Practices
- Forensic Audit
- Direct Tax Law & Practice
- Labour Laws & Practice
- Valuations & Business Modelling
- Insolvency – Law, and Practice
Foundation Programme –
It is a computer-based examination. All four papers are of 100marks each with 50 multiple based questions carrying two marks each. Paper 1 and Paper 2 will be held on the same day and the time limit is 90minutes total. Similarly, Paper 3 and Paper 4 will be held on the second day with 90 minutes time limit. Exams are held in June and December every year.
Executive Programme –
In executive programme written examination is conducted. The student has to secure minimum 40% marks in each paper. Also, aggregate 50% in each module has to be scored. To qualify for professional programmes, both the modules need to be cleared. Exams are held in June and December every year.
Professional Programme –
– There are nine papers. Each paper is of 100 marks. All the papers are in written format. One has to score as much as 40marks in each paper. One needs to score an aggregate of 50% in each module. Students can appear for module wise examination also as per their convenience and capability. Exams are held in June and December every year.
Below is the list of training required to complete three-year course duration
- dent Induction Programme)- 7-day programme
- Compulsory Computer Training Programme – 70 hours
- EDP ( Executive Development Programme) – 8 days
- PDP ( Professional Development Programme) – 25 hours
- Training in a specialized agency – 15days
- MSOP (Management Skills Orientation Programme) – 15 days
- Articleship Training Program under a practicing company secretary or a company – 15 months
Skills Of A Good Company Secretary:
- Dedication, hard work, and deep study
- Good knowledge of company law, SEBI guidelines, and related laws
- Up to date information about changes and new rules and regulations
- Adequate knowledge of legal aspects of taxation, custom and excise laws etc
- Good management and organizational skills
- Effective communication skills
- Honest commitments and timely delivery of work.
Job and Salary of A Company Secretary:
Finally on completion of the course and training a student can either take up a good job in any private or public company. Or else it can start its own practice as an independent Company Secretary. Therefore, the choice is up to the student. Some especially relevant employment areas for a company secretary are – Company Law Boards, Financial Institutions, Stock Exchange Corporate Advisory Services, Banks, Departments Of Company Affairs, Company Secretary Consultancy Firms etc. The remuneration depends upon company’s policy and soundness. However, an average fresher can get a per annum package of 3-5 lakhs. Furthermore, the perks and incentives depend upon companies.
Some renowned CS:
- CS Preeti Malhotra
- CS Shyam Agarwal
- Mr. Biswa Behari Chatterjee
- Mr. Dev Bajpai
Cs represents the name of the company in legal aspects. It signs and takes the responsibility for the authenticity of documents.CS is also responsible for adequate disclosures of the company. The profession is highly respectable and therefore a good career option for students. The course has attained importance because of the advent of new company law. This is because Companies Act 2013, has introduced many formalities in addition to the earlier ones. As a result, the profession has attained further importance. Therefore, taking up a CS course is a good decision. It has bright future prospects.