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Mohit Dhulia
Company Secretary Course: A three-year study in company secretaryship prepares the students to manage the legal parts of a business, such as tax reports and maintaining records. The Company Secretary is intimately engaged in the creation of a company’s strategy, decision-making, and ensuring that all actions meet legal, moral, and regulatory criteria. Under the Company Secretaries Act of 1980, the Institute of Company Secretaries of India (ICSI) educates and governs company secretaries in India. ICSI has around 65,000 members and approximately 2,50,000 pupils on its rolls.
Becoming a Company Secretary in India: Candidates who pursue the company secretary after 12th grade must complete three levels of examinations: the Foundation Programme, Executive Programme, and the Professional Programme. Candidates who want to pursue a CS curriculum after graduation must pass two tiers of exams: the Executive Program and the Professional Program.
The Foundation Programme in Company Secretary can be pursued by students from any background. Students of any stream, particularly fine arts students, can follow the Executive Course of the CS Degree in conjunction with the Chartered Accountant course.
| Relevant Links | ||
|---|---|---|
| Bachelor Of Elementary Education [B.El.Ed] | Bachelor Of Physical Education [B.P.Ed] | Diploma In Banking & Finance |
| Diploma In Computerised Accounting [DIC] | Diploma In Accounting And Finance | Bachelor Of Education [B.Ed] |
The academic and institutional qualifications required to pursue various stages of the course are included in the Company Secretary eligibility requirements. Students interested in pursuing the Company Secretary programme must have the following basic requirements:
While candidates must be 17 years old and have completed class 12, there are two ways to enrol in the CS Executive programme, as shown in the table below.
CS Executive Course – Eligibility Criteria
| Through entrance exam | Direct entry |
| Passed Class 12 in any discipline (except Fine Arts) from a recognized university or equivalent. Graduates or Postgraduates are also eligible to apply. | CS Foundation course passed students ORICAI Final Course passed students (with exemption fee) ORICMAI Final Course passed students (with exemption fee) |
| Qualified in Company Secretary Executive Entrance test (CSEET) of ICSI OR passed CS Foundation exam. | No entrance exam |
The CS professional curriculum is only open to students who have completed the CS executive course.
The admissions process for each level of the CS course is essentially different. The length of a company secretary course can range from 3 to 5 years, based on how long candidates take to complete their exams. The CSEET exam, which is held four times a year and is listed below, is the first phase. Exams for CS Executive and Professional are held twice a year, in June and December. The admissions process for the company secretaryship programme is determined by the CS course level.
Enrollment is the first step in any level of CS course. Before the deadlines, the online registration should be completed and the appropriate money paid. After the applications have been approved and accepted, the course materials are usually sent.
The CSEET test is required for entrance to the CS executive programme. Students can take the CSEET exam in any of the four sessions: May, July, November, or January. A cost of Rs. 1000 is payable for each CSEET session. For the candidates’ convenience, the admission process following the CSEET exam is outlined below.
The CS Foundation test will be held for candidates who enrolled under the previous schema in June 2021, and it will be the final session.
Students who have completed the CSEET must enrol in the CS Executive programme of their choice. The dates for registration are listed below.
|
Session Month |
Modules |
Dates |
|
June Session |
For All Modules |
November 30 (previous year) |
|
For One Module |
January 31 (same year) |
|
|
December Session |
For All Modules |
May 31 (same year) |
|
For One Module |
July 31 (same year) |
Students who have completed both courses of the Executive CS programme are eligible to enrol in the professional programme. They must pay a Rs. 12000 registration fee as well as a Rs. 1000 cost for the pre-exam examination.
This is the last level of company secretary qualifications, and applicants who intend to participate in all modules of the professional program’s December session must apply by due date.
Before joining as an ICSI member, candidates who have passed the CS Professional curriculum must keep their enrollment active until they have completed all training requirements. The CS Continuation of Registration is applicable for one year and can be extended by students according to their remaining training period. For a maximum of five years, a student can request ‘Continuation of Registration.’
The ICSI programme is designed for people who want to work as company secretaries in India and overseas. Company secretaries assist in the filing, registering, presenting, attesting, or confirming of any papers (including forms, applications, and returns) on account of or for the corporation, a transfer of securities agent, an issue house, a secretarial auditor, or a consultant. They can advise a corporation on management issues such as the Capital Issues (Control) Act, 1947, and other acts such as the Industries (Development and Regulation) Act, 1951, the Companies Act, 1956, the Securities Contracts (Regulation) Act, 1956, as well as any rules or bye-laws established by a recognised stock exchange, the Monopolies and Restrictive Trade Practices Act, 1969, the Foreign Exchange Regulation Act, 1973*, and the Monopolies and Restrictive
Qualified company secretaries can work as legal consultants, corporate policymakers, planners, and other positions in well-known companies in India and overseas. To learn more about the CS course, curriculum, duration, eligibility conditions, subjects, and job options, read the complete article.
The CS Professional curriculum will be divided into three modules, each of which will contain three papers.
Candidates must finish certain training in order to complete the corporate secretary course. This training course will take around 20 months to finish. Check out the list below for further information.
| Type of Training | Description | Duration |
|---|---|---|
| SIP or Student Introduction Programme | To be qualified to sit for the tests for both modules, students must complete this training within six months of applying for the CS executive programme. | 7 days |
| EDP or Executive Development Programme | This is the most popular training course among all, and students can enrol after completing the cs training programme prior to the 15-month training period. | 8 days |
| Compulsory Computer Training Programme | To be qualified for the cs executive programme, all students must complete this course. | 70 hours |
| PDP or Professional Development Programme | Students must complete this training course over a 15-month period of time. | 25 hours |
| Specialized Agency Training | Candidates can enrol in this course after finishing the EDP or SIP or finishing the professional programme, as well as the 15-month training period. | 15 days |
| MSOP or Management Skills Orientation Programme | If the individual has been partially or entirely excluded from training and has registered the paperwork required to comply with the 1982 regulation, this training course can be pursued. | 15 days |
| Professional or Management Training | Students who have completed the cs Executive or cs Professional programme are eligible to apply for this course. Candidates should finish their training with organizations that are members of the ICSI Institute or the Company Secretary in Practice. | 15 months |
| Practical Training | This training program is only open to students who have finished the cs professional programme. They are also only eligible for this training if they are excluded from the 12-month training required by the 1982 Companies Secretaries Regulation. | 3 months |
Students who complete a company secretaryship curriculum have a wide choice of job options. A qualified company secretary holds high-level roles because he or she serves as the firm’s primary legal and compliance officer. Company secretaries can help with business governance, legal advice, financial markets, and management, among other things.
They hold senior management positions such as CEO, managing director, director, or Chief Financial Officer. Apart from that, students interested in pursuing a career as a company secretary can put their legal, secretarial, and corporate governance skills to use in areas such as corporate restructuring, financial management, project planning, capital markets, and investor relations.
| Job Profile | Job Description | Average Salary | |
|---|---|---|---|
| Business Consultant | Business consultants are in charge of marketing, management, finance, human resources, and accounting. They are in charge of improving a company’s numerous operations. They evaluate a company’s many flaws and recommend business remedies. | INR 994,119 | |
| Operations Manager | In both large and small businesses, operations managers are in charge of managing, hiring, and training staff. They’re also in charge of planning process improvements, supervising quality assurance, and so on. Their main task is to stay up with and improve the efficiency of a company, agency, or organisation. | INR 764,401 | |
| Investment Banker | Investment bankers help people and corporations in acquiring funds as well as providing financial consulting services. They assist new companies in going public by acting as intermediaries between investors and security issuers. | INR 904,722 | |
| Finance Consultant | Financial advisors assist their customers in developing a battle financial plan that will benefit their entire well-being. They are a type of counsellor who does an audit of your current financial situation and devises a strategy to assist you in achieving your long-term objectives. | INR 628,854Marketing ManagerA marketing manager is an important part of a company’s performance. Their primary responsibility is to market a product, service, or company. They ensure that the company’s audience communication is done correctly, and that they are successful in recruiting potential clients. | INR 679,391 |
| Stock Broker | Stockbrokers are in charge of facilitating the sale and purchase of equities on the stock exchanges. They perform this service on behalf of the shareholders. | INR 390,366 |
To become a company secretary, you need to have a professional degree in either law, business, accountancy, or public administration. Also, you need to have working experience in business areas such as credit control, accounts, pensions, personnel, etc.
The foundation course, executive course, and professional course are the three levels of the CS programme. The foundation course lasts eight months, the executive course seven months, and the professional course fifteen months, for a total of three years.
A company secretary’s average starting salary is INR 3 lakhs, and a senior level professional company secretary’s income varies from INR 9,00,000 to 12,00,000.
A CS’s job is a high-level position in terms of administration and organisation. Company law, security trading, and other strategic initiatives and cases are all covered. A business secretary might expect a monthly compensation of INR 25,000 to 40,000 in India, in addition to their functions and responsibilities.
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