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Company Secretary

Who is a Company Secretary?

A company secretary provides support to the board of directors and manages the legislative affairs of an organization. They are also responsible to take care of corporate governance and any legal matters about the company.

What does a Company Secretary do?

  • Company Secretary provides guidance to the company directors about their organization that can be better managed, directed or controlled.

  • Also known as Corporate governance, the company secretary ensures that the company is duly complying with all statutory and legal requirements.

What are the skills required?

The role of a company secretary requires you to have a thorough knowledge of a wide variety of subjects. The skills you would require to become a company secretary are as follows:

  • Interpersonal Skills

  • Eye for detail

  • The ability to take initiative

  • A practical approach to work

  • Time management

Top colleges offering courses on Company Secretary in India

The Institute of Company Secretary of India offers a Company Secretaryship degree and you are eligible to apply for their admission exams if you have passed 10+2 with any stream except arts. The exams are conducted bi-annually in June and December. There are two different levels for CS which are the executive program and professional program.

Institute of Company Secretaries of India, Delhi

  • The only company secretaryship course that is available is by Institute of Company Secretary of India (ICSI) and it is the only option for the post of company secretary.

We have covered Company Secretaryship comprehensively to give you the right guidance with which you can make an informed decision.

  • Admission to ICSI's company secretary foundation program is open throughout the year and after meticulous preparation, you can apply for the exam.

  • A candidate is declared to have passed the exam if he/she gets more than 40% marks in each paper and 50% average marks of aggregate in all subjects they have appeared in.

What is the Career Scope for a Company Secretary?

  • Company Secretaries are often employed across various public, private and not for profit sectors: most commonly within national and local governments, charities, financial institutions, and law firms.

  • Any Public Limited Company needs to hire a company secretary and in recent years the demand for CS is increasing as more and more companies are incorporated. Many students are choosing company secretaryship as it has ample opportunities in various sectors.

  • The position of a company secretary is becoming more and more critical and specialized for the smooth functioning of the corporate entity.

Your job profile not only includes a high profile within the organization but you are also accountable for activities outside the organization. The different roles a company secretary might have are:

  • Assistance to the board of directors.

  • Legal Advisor

  • Corporate Policymaker

  • Chief Administrative Officer

  • Principal Secretary

  • Corporate Planner

How much does a company secretary make?

  • Average Salary for a Company Secretary in India is Rs 585,018/yr

  • Average salary of a Company Secretary with less than 1 year experience is Rs 409,682/yr

  • Average salary of Company Secretary with 1-4 years of experience is Rs 490,723/yr

  • At Senior level (5-9 years of experience) Company Secretary in India makes Rs 904,480/yr

  • And with 10-19 years of experience, a company secretary in India makes Rs 1,496,455/yr

What are the books and study materials available?

You need to pass the admission exam by the Institute of Company Secretary of India to qualify for the course of Company Secretaryship. We have listed all the books and study materials that will help you:

  • Company Law, Brenda Hannigan

  • Corporate Finance Law: Principles and Policies, Jeniffer Payne

  • Principles of Corporate finance Law, Ellis Ferran

  • Securities law and capital market, Rajnish Kumar

  • Commercial capital market and Security Law, Rajnish Kumar\

  • M.C. Shukla A Manual of Mercantile Laws; SChand & Company, New Delhi.

  • N.D. Kapoor Mercantile Law; SChand & Company, New Delhi.

  • N.D. Kapoor & Dinkar Pagare Business Laws and Management; SChand & Company, New Delhi.

  • M.C. Kuchhal Mercantile Law; Vikas Publishing House, New Delhi.

  • Daniel Albvoverove Legal Aspects of Business; Oxford University Press.

Who are the Major Recruiters for Company Secretary in India?

Every Public Limited Company hires a Company Secretary as per statutory law. The major recruiters for Company Secretary are:

  • Vinod Kothari and Company.

  • Mehta and Mehta

  • ITC

  • Flexilis Private Limited

  • Accenture

  • Capgemini

  • JPMorgan

Every Shareholding company will hire a company secretary, but you need to have the proper guidance before choosing CS because the admission exam is difficult and needs thorough preparation.

Interesting fact 

Besides the director, CEO, and CFO, the company secretary's resignations need to be conducted with a Board Meeting with all the members who have voting capacity present.