The Company registrar, board of directors, tax management officer, chief administrative officer, corporate policymaker, corporate planner, principal secretary and legal advisor are the channels for students after CS 2021 exam. The career scope after qualifying CS 2021 exam educates the students about the job market. ICSI states that the wide range of laws that learners abide to utilize are Corporate restructuring, legal secretarial and corporate governance, financial management, arbitration and conciliation, capital market and investor relations, project planning, due diligence, corporate advisory services, SCRA, 1996 and SEBI ACT. As we move towards the end of the year, let us see the throwback of the year 2021 for accepting a career as a Company secretary. This blog talks about the job opportunities in the years 2021 and 2022. The guidelines of ICSI with the placement portal educate beginners to plan their professional careers.
Placement support from ICSI different chapters:
ICSI placement portal has services for article ship training, job search, international job search, resume writing and job posting. This portal is helpful for members and students who are in search of human resources and placement. ICSI drive one for the year 2021 happened in July. The Jaipur chapter and Hyderabad chapter conducted the drive for the students. Prem Somani Financial services limited offered job opportunities to the members of ICSI. On 13th November 2021, the Hyderabad chapter requested the aspirants carry ten copies of biodata and attend an interview at ICSI-CoE Building, Survey No: 1, Genpact Road, IDA Uppal, Hyderabad. For email correspondence, the students can log in to email@example.com.
As per ICSI, corporate governance and secretarial services, corporate laws advisory and representative services, financial market services, and management services are the four avenues of Company secretaries. The divisions under Corporate governance and secretarial services are Corporate Governance services, Corporate secretarial services, and secretarial and compliance audit and certification services. The Corporate law advisor and representative services have their branches in the corporate laws advisory, representation services and arbitration and conciliation services. The financial market services are divided into a public issue, listing and securities management, takeover code, insider trading, mergers and Amalgamation, finance and accounting services, securities compliance and certification services, taxation services and international trade and WTO services. Management services offer general and strategic management human resource management, corporate communication and public relations and information technology. The question about 2022 placement is which area of service is the most demanded by the Companies. In the departments of mining, agriculture, metals, industrial investment, and electrical engineering government jobs exist. The revisions and amendments have an impact on different industries and sectors. Company secretary course is referred to as multi-disciplinary course, and they render service in government and private.
Placement opportunities 2022:
As per the content of Economic times, the Finance minister said that the year 2020 and 2021 Company secretaries are the strengths behind the stock market movements. When addressing the members of ICSI on the 53rd Foundation day, Finance minister Sitharaman said that Companies with transparency, best practices of governance attract big and retail investors. She also quoted that in the years 2020, and 2021 well-managed companies attracted investors and increased the money flow in stock markets. Legal advisory services, Management services and financial market services are the broad services that attract employers. Let us discuss in detail that which services play in the job market for the year 2022. This information clarifies about Company Secretaries jobs in India.
In practical terms, the practising Company secretaries offer Directors training services, secretarial services, international legal services, and insolvency and bankruptcy services. The number of clients and the economic conditions decides the job vacancies and business opportunities. A glimpse of the client under each service educate the learners about the vacancies for Company Secretaries. Secretarial services constitute the mainstream of the Company secretaries. The services offered here are wide. The services are grouped as Companies act 2013 services, SEBI Act, 1992, services under foreign exchange management act, 1999, accounting advisory services, corporate affairs services, taxation services, insolvency and liquidation services. The other services are international legal services and director training services. The subject matter knowledge used when handling foreign clients are trust laws, company law, business law, compliances of securities exchange commission of US, taxation laws, compliances of listing agreements with stock exchanges, corporate laws, estate planning, general procedural laws, and wills. The directors training program offers advice to the directors and training to the non-executive directors and board evaluation.
The role of company secretaries is imagined as a stereotype. In reality, this role is dynamic. They act as a confidant to the Board members. All public Companies and listed Companies need to have Company secretaries. Advisory services and Compliance filing is on-demand for domestic and international Companies. The compliances such as event-based compliances, annual returns and annual financial statements are the responsibilities of the Company secretaries. As there are rising opportunities for Company secretaries for administration and consultancy roles, they need to abide by the market trends.
The keyword “Company Secretary” lists 19632 job notifications in the Naukri portal. It brings 468 details in the LinkedIn job portal. In the indeed job portal, the employer details of 447 jobs engage the readers. The monster job portal provides the readers with 1479 job openings for the company secretary vacancy. The Job description from Naukri states that the expectation from a fresher for Compliance officer is to handle multinational clients with complexities. This law firm deals with litigation, intellectual property law, and corporate law. Another Company with multiple business channels says that the candidate needs to comply with the investor group companies. The secretarial knowledge and the subject knowledge is a must. And also, it is essential to understand the client requirement as per the events, monthly, and quarterly activities. So, at the beginner level, aspirants need to understand the job market and job roles that turn into a success to the Company secretaries.