The different compliances of companies like board meetings, general meetings, share management, and preparation of reports come under the company law. Company secretaries follow company law. The job of a company secretary is crucial. The job of a company secretary is to prepare the director’s report, maintain different books like register book and minute book, and prepare the annual reports of the company. Legal advisors follow Company law and also resolve disputes in different industries. Company secretaries work as administrators and consultants in companies. Legal advisors work as consultants with many companies.
Job opportunities for Company Secretary and Legal advisor
The different laws such as company law, SEBI, FEMA, and Banking laws govern the corporate governance. Company secretaries are the member of the board, and they advise the board of directors of the Company. Public limited companies and registered companies need to have Company secretaries. ICSI is the statutory body for the company secretaries that work with 50,000 associate members. Company secretaries are placed among the board of members as company secretaries, chief executives, chairperson, non-executive director, and executives. As per the survey from National statistics, the salary of Company secretaries stands as sixth highest pay. As per the Company law 2013, every listed company with ten crores of share capital and commercial banks need to appoint company secretaries. The different duties of the company secretaries in India are listed below.
Company secretary Job
Provide advice to the directors
Manage the interest of the shareholders
Follow the investor guidelines
Certify the annual statements of the Company
Legal advisor job
Company secretaries are the member of ICSI institute. And the legal advisors have a law degree and eligible for the examination of the bar council. The two departments in which legal advisor can work are listed below.
Corporate department deals with efficient operations such as investments, acquisition, foreign investments, and inter-company agreements. The litigation department takes care of the civil and criminal litigation of the firm’s clients. Paralegal, case manager, legal analyst, Legal Director, Legal assistant, legal administrator, Arbitrator, Attorney, Jury consultant, and law firm administrator are the different names of the job roles in Law firms. Contracts management, drafting documents, check the damage claims, resolve disputes, create and maintain standards, and meeting clients of the firm are the subjects of the legal advisors.
The company secretary and LLB course salary
As per the data from PayScale, the salary of a company secretary go as 3,00,000 per annum. The salary of a legal advisor without experience goes as 3,00,000. As per the data from ICSI Delhi, the placement wing for 2020 has placed 120 students, and the highest CTC offered to the students is seven lakh.
What is the career scope after CS with LLB?
Company secretary qualification is enough for the bright future of the student. Company secretaries handle huge subjects in the companies such as taxation, finance, accounts, and legal work. If the interest of the student is law and accounts then the wise option is CS with LLB. If the employee has dual qualifications, he gets knowledge about other laws like RBI regulations, FEMA and IPR. Both courses have a vast syllabus. So, the student needs to allot time to do both the courses. Law subjects need theoretical and practical learning. It is good to have CS and LLB qualification as CS gives practical knowledge to the students. CS students do article ship training with a law firm, and they get a stipend that is higher than the salary of the law student. But, as per the rule of Legal education, it is not possible to register simultaneously for the two courses. So, after the completion of the company secretary course, one can join the LLB course. With intensive knowledge, it becomes easy for the employee to handle legal matters and meet the judicial authorities. Knowledge and experience enhance the self-confidence of the company secretaryship students.