What is the company secretary?
The profession of a company secretary is to deal with the primary level post in a company where affirmation is essential. The three programs offered by ICSI are foundation level program, executive program, and professional program. The exam is scheduled by the Institute two times every year. The company secretary is a legal officer who is a specialist in securities law, corporate governance, capital market, and corporate laws. As company secretaries require managerial skill and analytical skills, it is essential to complete the professional course. If the company secretary is a part-time worker, then he needs to work with a company where the capital is 50 lakhs to 5 crores. On the off chance, if the company secretary is working as a full-time worker, then at that point it has to be above five crores.
Many countries like Malaysia, Singapore, the United Kingdom, Thailand, the US, Canada, New Zealand, middle-east Africa, and Australia have regular vacancies for the company secretary. To serve as a company secretary in London, knowledge about ICAI and ICSI both are essential. SAICSA in Singapore and Governance Institute of Australia are the names of authorized centers in foreign countries to do ACS. If the student joins the course after +2, then the foundation program is mandatory. In case the student joins after completing graduation, then he enters directly into the executive program. In another ten years, Associate Company Secretary Courseis going to be the course with much preference.
What is the article ship during the Company secretary course?
The duration for completing the Associate Company Secretary Article ship is 12 to 18 months, and it is mandatory to complete the article ship for practical knowledge. After completing the foundation level and executive-level program, the student is eligible to do an article ship. Article ship can be undergone in a consultancy firm, corporate entity, or practicing company secretary. The training procedure is as per the standards of the “The Institute of Company secretaries”.
Importance of Company Secretary Course
The company secretary’s job is to create the company policy, take steps for the legal issues of the company, and handle functions related to operations, human resources, finance, and legal administration. In today’s world, company secretaries get a good salary. The responsibilities which company secretaries handle include incorporation, amalgamation, formation, promotion, reorganization, and winding-up process. The collaboration of foreign companies with Indian companies demands for joint ventures, expansions, mergers, collaboration, and acquisition. A qualified company secretary can start his or her career in the private sector, public sector, banks, and financial institutions.
Skills required for the Company Secretary course
If the intelligence quotient of the student is good in communication skills, administrative ability, knowledge about current affairs, judgmental decision making, and legal aptitude then ACS is the right course for you. The communication, meetings, corporate governance amendments, and coordination between management and board of directors are the tasks of the company secretary that requires multi-tasking skills. The theories of governance have to be implemented in the organization with transformation as policies, processes, and frameworks. The time management for planning, communication skills towards an eye to detail, multi-tasking, and competence with numbers is some of the skills which get its value during the CS course.
Courses advised along with company secretary
CA, MBA {Finance}, L.L.B, NCFM, CFA-India, and Certification programs are some of the courses advised along with ACS to get comprehensive knowledge. If the vacancy is in a Multi-national company and the public sector Company for the secretarial department and finance department operations, and then Company Secretary with Chartered accountancy course is the good one. As Company Secretary Graduate handles the litigation work and legal work in the company, LLB is the additional qualification that helps them to complete the operations efficiently. Certification courses with banking compliances, risk management in the insurance sector, and valuation are the certification courses. NCFM is the course offered by the national stock exchanges of Mumbai that provides certification with segmentation as derivatives, share trading, merchant banking, and forex.
CS career opportunities and revenue options
The responsibilities of a company secretary are to deal with the board of directors, chief commanding officer, corporate policymaker, company registrar, corporate planner, legal advisor, and principal secretary. At the entry-level, the job of a company secretary is a secretarial officer, and after he climbs up to the higher positions. The average salary given to a company secretary is as below. For the post of a company secretary, the candidate gets a starting salary of 3,00,000 per annum. Mid-level salary as 6,00,000 per annum. High level salary as 9,00,000 to 12,00,000 per annum. If the job profile of a company secretary is a legal advisor, then he gets approximately 10,00,000 per annum. In the case of the principal secretary, the salary level is 9,00,000 to 12,00,000 per annum. If the professional company secretary is interested in the business, then he can work with a website online and with an available client database.
