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Company Secretaryship Course
Company Secretary Course one of a professional course in India. A Company Secretary (CS) play a important role in a corporate sector. The company secretary is responsible for efficient administration of the company, particularly with regard to ensuring compliance of law and statutory requirement and also to ensure that decisions of Board of Directors are implemented.
About the Company Secretary :
A Company Secretary ensures that a company complies with relevant regulation and legislation. Company Secretaries are the company’s named representative on legal documents, and it is their responsibility to ensure that the company and its directors operate within the law. Every legal document in the company must be signed and certified by the Company Secretary.
A Company Secretary is an expert in Company , Corporate and Securities Law, he acts as link between the Company and its shareholders, Board and Directors and Government and regulatory authorities. CS is a compliance officer of the Company, a Corporate planner and Strategic manager and in house legal counsel.
Who is Company Secretary in India?
In India, Company Secretary means a Company Secretary as defined in clause (C) of sub section (1) of section 2 of The Company Secretary Act, 1980 who is appointed by a company to perform the functions of a company secretary under this Act. The Clause (C) define “Company Secretary” as a person who is a member of the Institute of Company Secretary of India i.e. to become a CS a person should be the member of Institute.
Who is required to have or appoint a Company Secretary?
As per Rule 8 of Companies Rule 2014, that mandate every listed and other public companies having a paid up capital of Rs 10 crores or more is required to have a Company Secretary.
Rule 8A, inserted to Companies Rules, 2014 mandates to appoint a Whole Time Company Secretary in Companies not covered under Rule 8 but having paid up share capital of Rs 5 Crore or more.
Also, the Section 8 Companies i.e. Non Profit Companies are exempted from appointment of the Company Secretary.
How to Become a “Company Secretary”?
In India, to become a CS, a person have to pass all the 3 main exams conduct by the Institute of Company Secretary of India i.e. Foundation, Executive and Professional Programme. The Institute conduct exams twice in an year i.e. in June and December Month.
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Stages of Company Secretary Course:
- Foundation Programme: The first stage and entrance to Company Secretary Course. Foundation Programme can be pursued by 10+2 pass or equivalent students of Arts, Science or Commerce stream. The CS Foundation Comprises of 4 Subjects. Download Latest Study Material for Foundation Exam here
2. Executive Programme: The second stage of Company Secretary Course Executive Programme , Comprises of 8 Papers divided into 2 Modules with 4 Paper in each. The Executive Course can also be pursued by Foundation Examination Pass of The Institute of Cost and Management Accountant of India, CPT or CA Foundation Pass of The Institute of Chartered Accountant of India and Arts, Science, Commerce Graduates/ Post Graduates (excluding Fine Arts) are also eligible for admission in Executive Course.
3. Professional Programme: The third and Final stage of Company Secretary Course is CS Professional. A 9 Papers exams divided into 3 modules. A Student have to do compulsory training to become a Company Secretary.
Company Secretary Average Salary:
A Company Secretary on an average earns between 450000-550000. The salary depends on amount of experience , skill and knowledge.
note: This data is sourced from Internet, actual data may differ.