The scope of CS in India and abroad


Are you are looking for Company secretary coaching classes in Ernakulam? Read this article for understanding the scope of Company Secretary courses in India and abroad

Are you are looking for Company secretary coaching classes in Ernakulam? Unable to understand the scope and depth of CS in India and abroad? This article is for you!

What is CS?



Even though for who those who are not familiar with the role or job descriptions of a company secretary, might be mistaken it with administrative secretary posts, actually CS is a very important post. Unlike administrative secretarial posts, this job role is not clerical in nature. It is a senior management level position with important corporate responsibilities and takes knowledge, expertizes and decision-making abilities to be successful in the job. The most important duty of a CS is to make sure that the policies of the firm are in compliance with the statutory regulations of the government. In detail, a company secretary holds a very respectable and key position in the top management of the company. Some of the key activities performed by the CS include incorporation, formation, amalgamation, promotion, reorganization, formation and winding up of the company. The increase in the unethical practices in the corporate world and government bodies increases the demand and CS career scope. A company secretary job is one with a high reputation as well as a high salary in today's world. Not everybody can have this position unless you are an individual having a high legal aptitude, good communication skill, critical thinking, and problem-solving skills can excel and can achieve greater success in this field.

SCOPE OF CS IN INDIA



Under the Company Secretaries Act, 1980, Company Secretary Course in India is officially is administered by the Institute of Company Secretaries of India (ICSI). This course designed in a way that it gives students necessary the knowledge of legal affairs in the country as well as an understanding of corporate financial matters. Since the nature of the company secretary course as well the role is versatile enough to carry out functions in the field of finance, operations, human resource, and legal administration the position of a company secretary is vital in the successful management of a big firm. In India according to the changes in the Companies Act, it is now mandatory for organizations which have a paid-up capital of INR 50 lakhs and above to appoint a company secretary in order to administer and maintain the financial and legal affairs of the firm. This has indeed increased the scope of job opportunities for company secretaries in India.

Company Secretary acts as a vital link between the Company, Board of Directors, Shareholders and other regulatory agencies and thus has a wide variety of roles to play such as Compliance officer, Corporate Planner, Strategic Manager. Apart from these functions he also looks after legal, financial, personnel and administrative functions. He is required to handle matters related to central/state sales tax, labour laws, excise laws, and corporate law.

Company Secretaries are generally recruited at private and public firms in India. Multinational corporations, business process outsourcing organizations, knowledge process outsourcing firms, BHEL, Stock Exchanges, Airport Authority of India, Bharat Earth Movers Limited (BEML), ONGC, Government Financial Institution, etc. are some of the organizations in India which mostly recruit company secretaries. Besides, Secretarial Audit is a new opportunity for practising Company Secretaries. By not limiting the plausible ways to expand your directions only on Companies Act and secretarial compliances, there are other laws such as FEMA, SEBI, DEPOSITORY, LABOUR LAWS, SERVICE TAX, VAT, INTERNATIONAL LAW etc. where you company secretaries can exhibit their excellence and grow beyond limits.

Scope for CS Abroad



The scope of company secretaries internationally is really wider than that of in India. However, with an Indian qualification, you are not directly appointed by corporate bodies abroad. In order to become a company secretary abroad, you will have to earn the authorization by appearing for the exams conducted by that country. Still, it is necessary to mention that, having an Indian degree and work experience can help you in so many ways. You can get exemptions and benefits wherever you are with those. There are company secretaries working in Malaysia, Thailand, Canada, New Zealand, USA, UK, MENA etc. already and the scope is absolutely immense after the globalization. India is entering into bilateral Comprehensive Economic Cooperation Agreements with countries like Singapore, Malaysia, Thailand, and Mauritius etc. which could help the CS professionals to a large extent. As of 2011, Chartered Secretaries are the sixth highest paid employees in the UK according to the Office for National Statistics Annual Survey of Hours and Earnings. It indeed shows the importance of this profession.

Company Secretary Course



The Company Secretary Course and examination comprise three stages. The foundation course, executive course, and the professional course. Depending upon the eligibility that you meet, you need to choose between them. If you would like to study for the company secretary role right after school, you need to go for the foundation program. Candidates can apply directly for the executive program if you have completed graduation, post-graduation or accounting programs recognized by the accountancy institution in India. Once the executive stage is cleared, the candidates can apply for the professional course where you need to undergo practical training for 15 months. The exams are conducted by the ICSI in the month of June and December every year. In addition, after passing the Executive Program or Professional Program candidates have to undergo 15 months of practical training to become eligible for the membership as a Company Secretary.

The Institute of Company Secretaries of India is the main institute that offers this program. In cities like Kolkata, Guwahati, Bhubaneswar, Jamshedpur, Agra, Allahabad, Dehradun, Jaipur, Chennai, Bangalore, Coimbatore, Ahmedabad, Mumbai, and Pune they have offices. But if you are looking for Company secretary coaching classes in Ernakulum, Logic school of management will provide you an enhanced experience.


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