Off-Course: Company Secretariat as a career!
Indian corporate sector is witnessing an exponential growth. This has increased the demand for professionals who can take up specialized corporate functions. A company secretary is one such professional.
As the reliance on technology continues to expand in offices, the role of the office professional has greatly evolved. Office automation and organizational restructuring have led secretaries and administrative assistants to increasingly assume responsibilities once reserved for managerial and professional staff.
The career course of Company Secretary is not only prestigious but is financially rewarding too. The post of a Company Secretary is considered a respectable one in the hierarchy and this is one of the most important posts a person handles. The functions of a CS are spread across management, finance, tax, corporate planning, and legal affairs. CS has to ensure statutory compliance of the company with requirements on different fronts.
There are many career institutes in India that offer courses for company secretary. The Institute of Company Secretaries of India (ICSI) has developed and regulated the profession of Company Secretaries in the country.
Eligibility for Company Secretary Courses:
A candidate needs to clear 3 stages to qualify as Company Secretary and these are:
- Foundation Course
- Intermediate Course
- Final Course
These are the three levels included in the courses on company secretary ship. The details are as follows:
The minimum eligibility to gain entry in the Foundation Course is a pass in 10+2 examination or its equivalent in any stream. The course is of 8 months duration.
Intermediate Course: A pass in the Foundation Course Examination of the ICSI/Graduation degree or a Master's degree/Pass in ICWAI, ICAI can allow you entry in the intermediate course. The course is of 9 months.
Final Course: Once you pass the Intermediate Course you automatically become eligible for admission to the Final Course.
Foundation Course: One passing the Final examination of ICSI you will need to undergo a practical training after which, you will be completely eligible for the Associate Membership of the Institute.
Company Secretary Training
•The Training Orientation Programme (TOP) is for 5 days and is done before commencement of training.
•This is followed by training for 15 months after the candidate has passed the Intermediate Examination or Final Examination.
•There is a practical training for 3 months. This is after passing the Final examination and that too, for those, who have been exempted from undergoing the 15 months training.
•There is Training with Registrar of Companies (ROC), Stock Exchange, financial or banking institution for 15 days.
•The Secretarial Modular Training Programme (SMTP) is conducted after the candidate has passed the Final Examination and completed the Training requirement. It is for 15 days.
The job opportunities for company secretaries are still very high. The company secretaries are considered in various superior designations in the central government. The Indian Bankers Association motivates the candidates who have passed the Company Secretary ship by promoting to office cadre in addition to increment.
Moreover various central government and state government organizations are appointing company secretaries. Universities and educational institutions appoint company secretaries as professors and directors.
Company Secretary ship is a well remunerated career option because of its multifaceted nature. For those who are employed in public and private sector should expect 10000 to 15000 per month at junior level and 30000 to 35000 at senior level. Company secretaries preferring foreign companies can have even higher. Besides this privately practicing C.S are also getting good returns depending upon numbers of clients they have.
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