The growth and expansion of corporate sector due to liberalization and globalization has resulted growth in demand for specialists in almost every sphere. Company Secretary is such a specialized professional. A company secretary is one who is responsible for efficient management of the corporate sector and act as an advisor in legal matter. He co-ordinates various departments of the organization, ensures compliance of company legislations and advises directors on statutory requirements of the company. Apart from this, he also looks after finance, accounts, legal, personnel and administrative functions.
Courses Detail
The Institute of Company Secretaries of India (ICSI) regulates the profession of Company Secretaries in India. It offers a three-stage course to qualify as Company Secretary. The Foundation Course is of 8 months that can be joined after 10+2 examination. After this, one can only be enrolled to the Intermediate Course, which is of 9 months. The last stage is the Final examination after which candidates required to undergo practical training. Thereafter candidates become eligible for Associate Members of ICSI.
Career Prospects
As per the Companies Act 1956, a statutory requirement is that big companies are required to appoint a Company Secretary while the small companies are required to engage the services of a CS in whole time practice. In addition, the companies seeking listing on stock exchange are required to have a full-time qualified company secretary. Hence, there are ample career opportunities for Company Secretaries. A Company Secretary can aspire to get employment opportunities in government accounts as well as in law departments. Most of the qualified company secretaries can find well-paid positions in the public sector and corporate sector, banks and financial institutions, stock exchanges, company law boards and government departments. Exposure to detailed study and practical training in various fields adds to versatility of a company secretary. Small firms usually employ company secretaries on retainership basis for professional advice and support e.g. licenses, registrations, loans, taxes, partnership deeds etc. There is plenty of scope for specialization and moving into general management and administration at the highest level in business houses or CS firms.
Institute Offering
The Institute of Company Secretary of India is the only recognized and professional institute to conduct and regulate the course of company secretary. The institute has it’s headquarter at New Delhi with other three branches at Mumbai, Chennai and Calcutta.
Remuneration
Company Secretariship is a well remunerated career option because of its multifaceted nature. For those who are employed in public and private sector should expect 10000 to 15000 per month at junior level and 30000 to 35000 at senior level. Company secretaties preferring foreign companies can have even higher. Besides this privately practicing C.S are also getting good returns depending upon numbers of clients they have.
The Institute of Company Secretaries of India (ICSI) awards the professional certificate of Company Secretary to aspirants of India. As the Companies Act emphasize the need of a Company Secretary for all companies with a paid up capital of Rs 50 lakhs, there arises a lot of job opportunities for job seekers in this area. The Company Secretary mainly plays the role of an intermediate. He works as a link between the Company and its Board of Directors, the government, shareholders and regulatory authorities. Along with this, the Company Secretary is responsible for handling the grievances of the company as well as Corporate Planners. He also have job responsibilities in Financial, legal and administrative sections of the Company. Company Secretary is a prestigious position in a company, which will affect the overall performance of the Company. A lot of job opportunities awaits aspirants who possess a qualification in Company Secretary Course both in India and abroad.
Private Sector Jobs after Company Secretary Course
The company secretaries often take up vital responsibilities which points to the legal, financial, and management aspects of the Company. As companies are in great need of such professionals, there arise huge vacancies in the private sector. The Company Secretary is able to provide proper advice to the Company on legal and tax related issues. As they deal with the vital aspects of the Company, the career potential of company secretaries is very high. A competent individual as Company Secretary can get remuneration from Rs. 20000 to Rs. 25000 in a well-established private sector.
Government Sector Jobs after Company Secretary Course
Government organizations also offer enormous job opportunities to company secretaries. A few of those firms include:
- Airport Authority of India
- Bharat Earth Movers Limited (BEML)
- Neyveli Lignite Corporation Limited
- Oil and Natural Gas Corporation Limited (ONGC)
- State Infrastructure Development Corporation Limited
Other job areas in the public sector include:
- Accounts Branch of the Central Government Law Services
- Bureau of Public Enterprises
- Government Financial Institutions
- Stock Exchanges
Aspirants have option to work in various sections of banking services also. After successful completion of this course, individuals can find teaching opportunities with universities and colleges. After gaining sufficient experience, the aspirant can get promoted to senior positions.
Job Prospects Abroad after Company Secretary course
Company secretaries can find plenty of job opportunities outside India also. Compensation for Company secretaries abroad is huge when compared with that in India. However, it may depend on the management of the company as well as experience, designation etc of the individual. A few different posts that are available for these professionals include:
- Accountancy and solicitor’s firms
- Bank and building societies
- Employer’s cooperatives
- Housing associations
- Insurance companies
- Investment sectors
- Trade bodies
Most organizations appoint entry-level candidates as Junior Secretarial Officer. As the expertise and experience of candidate increases the individual can get promoted to the post of Managing Director, Chairman, Finance Advisor etc of the organization.
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Reference:
http://entrance-exam.net/jobs-after-cs/#ixzz1aTMApGqM[1]