How to Become Company Secretary

By: Udit Trivedi on 2022-07-26 11:26:19

 

What is Company Secretary?

The job of Company Secretary (CS) is one of the most crucial in a company. A competent Company Secretary is in charge of a company's or individual's legal aspects. A controller is responsible for keeping and analysing the company's tax returns, preserving records, alerting the board of directors on the company's financial health, and ensuring compliance with legal and statutory standards. To work professionally as a Company Secretary, an individual must go through professional training and pass examinations.

What is ICSI?

The Institute of Company Secretaries of India (ICSI) regulates and maintains Company Secretary laws. ICSI provides training and instruction to thousands of aspiring Company Secretaries. At present, ICSI has over 50,000 members and about 4,00,000 students on its rolls.

CS Course Levels

There are three levels in the Company Secretary Courses:

 

1.    Foundation Programme 

2.    Executive Programme

3.    Professional Programme

How to begin the journey of becoming a Company Secretary?

Eligibility:Earlier, the Company Secretary courses were recommended to mainly students coming from a Commerce background. However, nowadays Candidates with any stream in class 10+2 and a knack of hard work and determination to achieve in the profession are qualified to pursue a career as a Company Secretary. 

The first step:Students must take the ICSI Foundation course after Class 12. The foundation course lasts for eight months. The foundation course must be completed within three years of admission. It is the first step of pursuing the Company Secretary Courses. Students who have completed the ICSI Foundation Course may enrol in the ICSI Intermediate Course. Graduates and Postgraduates (except those students enrolled in Fine Arts) can, however, enrol directly in the Intermediate course without first completing the Foundation course. Students who pass the ICSI Intermediate course are qualified for the last step of the ICSI course, which is the Final.

Significant steps:  The most significant step for students taking courses in Company Secretary is training. During the Intermediate level and following the final level exams of the Company Secretary course, students must participate in short-term training programs. 

Final Steps:After completing an Intermediate or Final level course, practical training is required to achieve an ICAI Associate Membership. These students are qualified for the position of Associate Company Secretary after successfully completing practical training and the final level ICSI course. A Company Secretary's career begins only after obtaining eligibility as an Associate Company Secretary. 

CS Course Details

Duration of each level in the Company Secretary Course varies from each level. For specific details, check the table below:

 

Company Secretary Courses

CS Courses Duration

CS Course Fees (INR)

CS Foundation

8 months

3600

CS Executive

9 months

7000

CS Professional

10 months

12000

 

ICSI Syllabus 2022 for CS Foundation, Executive and Professional Exam

CS Foundation- CSEET Exam Syllabus 2022

The Syllabus for CS Foundation Programme comprises of Four papers:

  • PAPER 1- Business Communication
  • PAPER 2- Legal Aptitude and Logical Reasoning
  • PAPER 3- Economic and Business Environment
  • PAPER 4- Current Affairs, Presentation and Communication Skills

CS Executive Syllabus 2022

The Syllabus for CS Executive Programme comprises of Eight papers:

 

MODULE 1:

1. Jurisprudence, Interpretation & General Laws 

2. Company Law 

3. Setting up of Business Entities and Closure 

4. Tax Laws

 

MODULE 2:

5. Corporate & Management Accounting 

6.Securities Laws & Capital Markets

7.Economic, Business and Commercial Laws 

8. Financial and Strategic Management

CS Professional Syllabus 2022

It is the last stage of the CS course. A student is required to complete the CS Professional Program within the valid period of his/her registration. It can only be pursued after clearing the CS Executive program. 

MODULE 1:

1. Governance, Risk Management, Compliances and Ethics

2. Advanced Tax Laws 

3. Drafting, Pleadings and Appearances 

 

MODULE 2:

1. Secretarial Audit, Compliance Management and Due Diligence

2. Corporate Restructuring, Insolvency, Liquidation & Winding-up 

3. Resolution of Corporate Disputes, Non-Compliances & Remedies 

MODULE 3:

1. Corporate Funding & Listings in Stock Exchanges 

2. Multidisciplinary Case Studies (The examination for this paper will be open book examination) 

3. Electives 1 paper out of below 8 papers 

  • Banking – Law & Practice 
  • Insurance– Law & Practice 
  • Intellectual Property Rights– Laws and Practices 
  • Forensic Audit
  • Direct Tax Law & Practice 
  • Labour Laws & Practice 
  • Valuations & Business Modelling
  • Insolvency – Law and Practice

 (The examination for this paper will be open book examination)

ICSI Exam Pattern 2022 for CS Foundation, CS Executive and CS Professional Exam

 Exam pattern of CS Exam: CSEET 2022

Particulars

Details

Number of questions

120

Time duration

120 minutes

Mode of exam

Online/remote proctored mode*

Type of questions

Multiple choice questions (MCQs)

No. of papers

  • Paper I- Business Communication
  • Paper II- Legal Aptitude and Logical Reasoning
  • Paper III- Economic & Business Environment
  • Paper IV- Current Affairs, Presentation and Communication Skills

 

CS Executive Exam Pattern 2022

Exam Mode

Offline

Exam Type

Subjective

Duration

180 Minutes

Medium

English or Hindi

Total Number of Questions

50 in each paper

Maximum Marks

100 for each paper (+2 marks for each correct answer)

Negative Marking

None

Number of Papers

8

 

 

CS Professional Exam Pattern 2022

Exam Type

Objective and Subjective

Exam Mode

Offline

Duration

180 Minutes

Medium

English or Hindi

Total Number of Questions

50 for each paper

Maximum Marks

100 for each paper (+2 Marks for each correct answer)

Qualifying Marks

Minimum 40% marks in each paper and 50% marks in Average of all subjects

Negative Marking

No negative marking

Career Prospects after qualifying CS Exam 2022

A Company Secretary (CS) is one of the company's key officials. They manage the company's records, file tax returns, and advise the Board of Directors on their legal responsibilities to ensure that enterprises conform with statutory regulations.The job of candidates who pass the CS Exam begins as soon as a corporation is created. However, the real duty of a company secretary differs from one firm to the next.

Company Secretaries are also needed in company law boards, numerous government offices, and the Department of Company Affairs, among other places. Top companies provide competitive compensation packages toCorporate Secretaries. After receiving a certificate of practice, a Company Secretary can also establish their own consulting firm. Companies with a paid-up share capital of Rs. 10 lakh to Rs. 2 crores must hire/ employ a Company Secretary to provide corporate compliance certifications. Because a Company Secretary has an extensive knowledge of a wide range of disciplines, they can work as lecturers/visiting faculty in a variety of academic institutions. 

Top Recruiters for Company Secretary

A Company Secretary is always in demand. Here is a list of companies that are regularly in need of a professional Company Secretary:

  • ACB Group of Companies
  • Punjab National Bank
  • Monolith Industries Limited
  • Shri Lal Mahal Ltd
  • Glocal Healthcare Systems Pvt Ltd
  • Parsvnath Infra ltd
  • Trinity Reinsurance Brokers Limited
  • Janalakshmi Financial Services Pvt Ltd
  • Indian Railway Finance Corporation Limited
  • DaVita Care (India) Pvt Limited
  • Jaypee Group
  • SNG & Partners

FAQ

Q1) How many attempts are allowed for Company Secretary Courses?

Ans. For CS executives, 10 attempts are allowed. For CS Foundation, 6 attempts are allowed, while 10 attempts are allowed for CS Professional.

Q2) What is CS full form?

Ans. Company Secretary provides services in the following areas:

  • Secretarial and Corporate Governance Services
  • Advisory and representation services in the area of corporate law
  • Services in Management
  • Services for the Financial Markets

Q3) Who can become a Company Secretary?

Ans. The minimum eligibility requirement for the foundation course for training as a Company Secretary is 10+2 or an equivalent examination. Graduates or postgraduates in commerce, or any other discipline except fine arts, are allowed to skip the foundation course and enrol directly for the intermediate examination. This exemption is also extended to those who have passed out of the Institute of Cost and Works Accountancy or the Institute of Chartered Accountants of India.

Q4) When is the CS Exam held?

Ans. Examinations are held in June and December every year.

Q5)Is there any provision regarding IT Training exemption in CS for CA students?

Ans. Yes, if you have completed IT training under the CA course, you need not to do the same under the CS course but you need to clear an IT training exam held by ICSI.