A managerial person who is responsible for multifarious roles in corporate governance. A Law (Company Secretary act 1980) recognized as a class of people who perform executive functions as mandated by the law. The Name company here is a misnomer if you take it literally, the first thought that comes to mind is that they would be staff or secretary or they would be outside their boss’s office checking their appointments and attending calls. Well! let me tell you that this is definitely not the case. In fact, the company secretaries are a critical link between board members, shareholders and regulatory authorities. So, definitely a career as company secretary is a good choice.
The Company secretary act 1980, India, establishes Institute Company Secretaries of India (ICSI) which certifies and regulates affairs of the Company Secretary. The body holds statutory powers and comes under the Ministry of Corporate Affairs.
Why ?.. company secretary
It’s a professional course that offers a respectable position. Whereupon your successful completion like engineers(Er.) or doctors (Dr.) you can add Cs. as a prefix in your name. You are an executive managerial position who guides the executive board members and chairman of their responsibilities under various laws.
From day to day executive business work to maintaining secretarial and statute books, ensuring board meetings go smooth work of an entry-level Company Secretary. Initially or as a fresher, you can expect to get around 30k per month if you are going to go for courses other than professional. Experienced people get around 60k per month.
So, it’s a decent opportunity to earn one’s living.
To become a company secretary:
Get yourself enrolled in ICSI depending upon your educational background.
The good thing is that admission is open throughout the year. The examinations are held twice a year (June and December). From students or aspiring candidates point of view ICSI
- Conducts Examination and awards certification upon passing
- Provides 16-month training after completing executive or professional courses.
- Provides study material
- Have provision for classes (more on that later).
Eligibility – Passing 12th standard or Graduation passed (no minimum criteria only passing)
If you plan to start from 12th standard itself. Then you will have to go through three stages namely
- Executive and
- Professional program.
All stream students are eligible to apply except Fine Arts (meaning painting, performing arts, etc)
If you are a graduate then you have to go through 2 stages :
Graduates of all streams except Fine Arts can apply here.
A very important point that all aspirants should know is that only after clearing executive one can pursue Professional Course in ICSI.
What are you taught in a CS course?
Since its a commerce trait, you can expect
How much time to become a professional CS?
Foundation course (For 12th standard passed)
It depends on you, theoretically, it will take only an examination to complete a foundation course. Just have to clear the exam either in June or December. But you have to register yourself 8 months prior to examination. It has one module only (consisting of 4 subjects).
For Executive course
It has two modules that allow a student to give one module at a time or two modules together. There is no said rule which says you should give one module before others, in fact, you can give in whatever order you may like. However, you should know that filling of the registration process should be 9 months before.
Only upon successfully clearing the executive level you are eligible to apply for a professional exam/course. Here, also for registration at least a minimum of 10 months prior should you apply. Here, there are 2 electives that you pass with other mandatory subjects.
You have to go for 15 months training under a Company Secretary. Which serves as a practical experience mandated by ICSI. But you can also complete this internship upon your completion of your Executive program. Can be during your process of completing executive (but not sure on this)
Then you can register yourself with ICSI as an associate.
An ideal candidate who has cleared within one attempt starting from foundation to training will take about 3.5 to 4 years.
As a company secretariat,
As an entrant into the industry gets about 30k monthly. There can be a very good chance of getting 40 – 50 k per month but that depends on how many chances you took to clear the exam if got a good rank, type of company, where it is situated, etc.
After that as you get experienced you can earn in lakhs progressively and gradually.
So, you see it’s a wonderful opportunity.