WHO IS COMPANY SECRETARY???

A Company Secretary (CS) is a professional whose role in a corporate setup is that of an advisor for Legal Matters. A Company Secretary is a very important member of the corporate management team. He/she assists the efficient management of a corporate body.

As per the Companies Act, a statutory requirement is that, “Every company having a paid-up share capital of Rs.10 Lakhs or more but less than Rs.5 crores is required to engage the services of a Company Secretary in Whole-Time Practice for issue of Compliance Certificate”.

The skills and attributes required for a company secretary is such that he/she should be accountable for efficient management of the corporate sector. The CS co-ordinates and assists various departments of the organisation, ensures compliance of company legislations and advises directors on statutory requirements of the company.

Company Secretaries are and shall be the professionals responsible to give the Country good Corporate Governance.

The Institute of Company Secretaries of India (ICSI) is the organisation responsible for coordinating the Company Secretary education in India.

Though generally, the education for CS Examinations is through the Distance Learning mode in which students are provided study material, there is also a provision for Optional Oral Coaching classes.

What does a Company Secretary do?

A Company Secretary (CS) is a professional whose role in a corporate setup is that of an advisor for Legal Matters. A Company Secretary is a very important member of the corporate management team. He/she assists the efficient management of a corporate body.

A qualified Company Secretary is competent enough to take up wide range of responsibilities in legal, secretarial, finance, accounts, personnel and administrative departments of companies or other organizations in the private and the public sector.

He / she is a legal expert who acts as the compliance officer of the Company and coordinates a host of activities including governing / management of the company.

Almost every kind of organisation whose affairs are controlled by boards or councils and other corporate structures be it a co-operative society, association, federation or statutory authority, finds it beneficial to appoint a qualified company secretary. Initially the career may begin with designation of a Junior Secretarial Officer. Depending upon the experience and hard work it can rise up to senior level positions of Company Secretary and even Finance Advisor.

Thorough and updated knowledge of Corporate Laws, Securities Laws, Capital Market and Corporate Governance, are some of the basic traits required to be a successful Company Secretary.

While a Company Secretary can aspire to get employment opportunities in government accounts or law departments, he/she can become a Chairman or Managing Director of a Company or be a part of the esteemed Board of Directors of a Company.