ICSI important announcement regarding the CSEET examination had promulgated this June 2021. It states that the graduates and postgraduates with 50 per cent marks are open to the admission of the direct route in ICSI 2021. Previously, the direct entry was in practice for ACS as like CA and CMA. It was restricted after the introduction of CSEET, and now it is back to the same structure. In the year 2021, the percentage of passes in the CSEET examination is 70.13 percentage. Students find the ICSI CSEET 2021 examination as easy. After the 10th standard, students can register for the CSEET examination. This blog brings out the valuable points to read about the adaptability of the company secretary course for graduates, postgraduates and working professionals.
Is the Company secretaryship course is a practical course?
Yes, certainly ACS is a practical subject. After completing the Company secretary course, one can work as a consultant for corporate law in Companies, advisor in Share Market, and Auditor in the banking sector. There are stringent rules for the secretarial audit of Banks. So, there are huge opportunities for Company Secretaries in Banks. The Laws in which a Company Secretary is strong are as follows: SEBI Act, Foreign Exchange Management Act, SCRA, Consumer Protection Act, Environment and pollution control laws, Depositories Act, Co-operative societies Act, Labour and industrial laws, Mergers and amalgamation, Foreign Collaborations, Subsidiaries business in foreign countries, setting up of business, Competition policy and practices with anti-competitiveness. The primary level job of Company secretaries have accounting functions, but they undertake work related to managerial advisors to corporate, directors, shareholders and government bodies. As it is a practical course, the knowledge and experience gained from graduation, post-graduation and Job provide a clear understanding of the secretarial subjects. Hence the ICSI institute emphasis that CSEET is not mandatory for graduates and postgraduates to join CS executive program.
Is the ACS course enhances job opportunities for graduates and postgraduates?
As per the latest guidelines of UGC Company secretaries are equivalent to Postgraduates, and they can pursue research education in more than 56 universities in India. There are foreign universities offering courses for Company secretaries. After analysing the course material with the UK and UAE syllabus, the NARIC of the UK has mentioned that it is a recognized course. Furthermore, UK has mentioned that the executive level of CS is equivalent to graduation and the professional level is equivalent to post-graduation. This equal valuation opens door to the admission of Company secretaries in foreign universities.
Company secretaries handle the legal aspect of taxation, auditing, accounting and financial activities. Graduates and postgraduates handle the administration aspect of accounting, auditing, taxation and financial activities. The subject is the same but the requirement of knowledge is different for an accountant job and a Company secretary job. Company Secretaries need to understand the Governance, Ethics, Compliances, Advanced Tax laws, secretarial audit and Multidisciplinary case studies. Having fundamental knowledge helps acquire professional knowledge. The job of a commerce graduate or postgraduate is to do administration or accountancy. But the job of the Company Secretary is to support the decision of the directors and to check the administration work. The job profile of graduate, postgraduate and Company secretaries vary in terms of knowledge.
As per one research report, a bachelor’s degree is the minimal qualification for high skill employers. Graduates are the personalities who involve in research, teaching and drive innovation. So, strengthening the study material of graduation with a competitive edge and laying a strong foundation for the professional courses enhance the intelligence of the students. Business leaders, policymakers and academicians strive to improve the quality of fundamental knowledge and advance level knowledge. There are colleges which offer B.Com and LLB Course for five years. During the LLB Course, the students undergo article ship training with Judiciary, Legal regulatory authority, Legislatures and parliament, Local self-government, Market institutions, law firms, other legal functionaries, and other approved bodies. The knowledge of law and finance help for getting jobs in MNCs and law firms. B.com with ACS and M.Com with ACS are the best courses to get high profile jobs. ACS along with graduation is more valuable as they work as communicators. Practical knowledge and communication skills are essential for a professional career.