Who is a Company Secretary?
A Company Secretary (CS) is a professional responsible for ensuring the smooth administration and compliance of a company with legal and regulatory requirements. Serving as an in-house expert, a Company Secretary plays a important role in corporate governance, regulatory compliance, and decision implementation. Their expertise covers corporate and securities laws, making them valuable advisors to the board of directors. Key responsibilities include guiding on financial reporting, business conduct, corporate strategy development, and managing situations involving conflicts of interest.
How to Become a Company Secretary
Understand the future Role and Responsibilities before making any Decision
Before opting this career path, it's essential to understand the responsibilities and significance of a Company Secretary. This role requires knowledge of corporate and securities laws, governance practices, and ethical standards etc.
2. Enroll in the Company Secretary Course
The Institute of Company Secretaries of India (ICSI) offers a structured Company Secretary course. This program is divided into three stages: CSEET , CS Executive Program, and CS Professional Program.
CSEET
The CSEET is the entry-level course to become a Company Secretary, any student who has Cleared Class 12th or equivalent from a recognised school can give CSEET exam.
It is home based exams conducted 4 times in a year.
Successful completion of this program is the first step toward becoming a CS.
CS Executive Program
After passing the CSEET , or if you are a graduate, you can register for the CS Executive Program. This is 2nd level of exams in the CS profession,
You need to secure minimum 40 Marks in each subject and minimum 50% overall in all subjects to clear this stage
This stage covers more advanced topics like Company Law, Cost and Management Accounting, and Tax Laws, Securities Laws, Business laws etc.
CS Professional
This is the last stage of Company Secretary Course, it comprises of 3 modules/ Group. Clear all modules of the CS Profession by passing the exams. This final stage covers advanced subjects like Corporate Restructuring, Corporate Funding, and Risk Management.This stage is crucial as it needs deep understanding of the legal and regulatory aspects of corporate governance.
Complete Practical Training
Undergo mandatory practical training as prescribed by ICSI. This includes 21 months of training in a company or under a practicing Company Secretary. The training provides hands-on experience and a practical understanding of the profession.
Apply for Membership
Apply for Associate Membership of ICSI after completing the Professional Program and the required training. This is a crucial step to be recognized as a qualified Company Secretary.
Obtain Certificate of Practice (Optional)
If you wish to practice as a Company Secretary, you can apply for and obtain a Certificate of Practice from ICSI. This allows you to offer professional services.
Continuous Professional Development
Engage in continuous professional development by participating in seminars, workshops, and other programs to stay updated with industry regulations and best practices.
Stay Ethical and Compliant
Adhere to high ethical standards and stay informed about changes in company law and governance practices to ensure compliance.