Want to know how to become a cs? Well you have landed on the right article
For students interested in a professional career in the corporate field, the Company Secretary is one of the most popular options.
CS's exposure to corporate and other regulations, whether in the workplace or in practice, is increasing all the time, and new frontiers need more of them. The legal issues of a corporation or a person are handled by a licensed Company Secretary.
A CS is in charge of informing the board of directors on the firm's financial health, maintaining and reviewing the business's tax returns, keeping records, and making sure the company follows all statutory and legal laws. A person must undergo professional training and pass tests in order to work in the field.
How to Become a CS (Eligibility)
To pursue the course, any student who desires to become a certified Company Secretary must meet the following qualifying criteria:
To pursue the Company Secretaries Course after completing the 10+2 or equivalent, a student must go through three stages: Foundation Programme, Executive Programme, and Professional Programme.
How to become company secretary after 12th-
- Students with a 10+2 pass or equivalent in Arts, Commerce, and Science can enrol in the Foundation Programme (With the exception of Fine Arts).
- Graduates from all fields, excluding Fine Arts, are eligible to enroll in the Executive Programme.
- Only after passing the CS Course's Executive Program may you pursue the Professional Programme.
- After completing the intermediate or final level of the course, practical training is required to become an associate member of the ICAI.
- These students are eligible for Associate Company Secretary status after successfully completing practical training and the final level ICSI course.
Stages to become a CS
1. Foundation Programme: Entrepreneurship, business environment, communication, management, economics, accounting, and ethics are all covered in the Company Secretary Foundation course.
Foundation Programme (4 Papers)
- Business Environment and Law
- Business Management, Ethics & Entrepreneurship
- Business Economics
- Fundamentals of Accounting and Auditing
2. Executive Programme: Commercial law, Company law, accounting & audit practice general law, and tax law are all covered in the Company Secretary Executive course.
Executive Programme (8 Papers)
Module I
- Jurisprudence, Interpretation, and General laws
- Company Law
- Setting Up of Business Entities and Closure
- Tax Laws
Module II
- Corporate and Management Accounting
- Securities Laws and Capital Markets
- Economic, Business, and Commercial Laws
- Financial and Strategic Management
Professional Programme (9 Papers)
Module I
- Governance, Risk Management, Compliances, and Ethics
- Advanced Tax Law
- Drafting, Pleadings, and Appearances
Module II
- Secretarial Audit
- Corporate Restructuring
- Resolution of Corporate Disputes
Module III
- Corporate Funding & Listings in Stock Exchanges
- Multidisciplinary Case Studies
Electives: Out of the below 8 papers, you have to choose 1 paper (This paper's examination is an open book examination) - 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
Cut-off dates
ICSI administers the CS Exam twice a year, in June and December. Candidates who want to work as a Company Secretary must pass both the foundation and executive levels of this test. Every year, the following are the estimated cutoff dates for the CS test in the December and June sessions.
Foundation Programme | Executive Programme | |
|---|---|---|
Exam Session - December | 31st March | 28th February (Both Modules) |
Exam Session - June | 30th September | 31st August (Both Module) |
Application Process
To apply for a CS course, you'll need the following documents:
- Signature
- Photographs taken recent
- Medical Certificate
- If you are taking the HSC or its CBSE/ICSE equivalent, then a roll number provided by the education board
- For verification of date of birth, it is necessary to have a CBSE or ICSE secondary school certificate or equivalent.
- Exemptions for SC/ST/OBC require a caste certificate.
- Bcom, MCom, or CA students, copies of their certificate of completion with a marksheet
- Combined marksheet from a CBSE or ICSE Higher Secondary Certificate or equivalent.
- Passport or a valid driver's licence, Permanent Account Number (PAN), and Aadhar Card.
Exam Fee
In June and December of each year, an examination is held.
Foundation Programme: 1200/-
Executive Programme: 1200/- Per Module
Professional Programme: 1200/- Per Module
The application deadline for participation in the test:
The deadline is March 25th (with a late charge of Rs. 250/- until April 9th).
The deadline is September 25th (with a late charge of Rs. 250/- until October 10th).
Candidates who achieve a minimum of 40% in each exam and 50% in the aggregate of all topics in one sitting are declared to have passed the three phases of the course.
Job Roles
- Legal Advisor: In the event of a legal conflict or difficulty, a legal adviser can aid the organization.
- Registrar of Company: A company registrar is a crucial member of a business's or organization's management.
- Corporate Planner: partnerships, Joint ventures, Mergers, and takeovers inside and outside the corporation are handled by these people.
- Chief Administrative Officer: A company's general administrative activities are monitored, and all legal and other private papers are safeguarded, by a chief administrative officer.
- Corporate Policymaker: A corporate policymaker's job is to plan a company's long-term and short-term business policies.
- Member of Board of Directors: Company secretaries take on the role of providing secretarial and professional assistance as one of the company's board of directors.
- Principal Secretary: A senior secretary's job includes overseeing all parts of business meetings such as annual general meetings, board meetings, and other such gatherings.
Books and Study Materials
Some books can aid you on your way to becoming a CS expert.
- Sangeet Kedia's Tax Laws and Practice
- NS Zad's Taxman Company Accounts and Auditing
- NS Zad's Cost and Management Accounting
- NS Zad's CS Executive Company Law
- Tejpal Seth's Economic and Commercial Laws
- Sangeet Kedia's Company Law
Pros and Cons of Becoming a CS
Pros
- The demand for a job as a Company Secretary is increasing, and the field offers significant development and excellent pay.
Cons
Company secretaries are under continual pressure to generate outcomes since the tasks and roles connected with the job are very responsible and visible.
Top Colleges
- Government Law College, Mumbai
- Rizvi Law College, Mumbai
- National Law University, Delhi
- Law College, Dhanbad
- Gujarat National Law University, Gandhinagar
- National Law School of India University, Bengaluru
- NALSAR University of Law, Hyderabad
Course Fees
Between INR 100,000 and INR 400,000 is the overall cost of doing Company Secretary. Fees for ICSI and classroom instruction are also included.
In most cases, applicants for the CS course pay their fees online. Students who fall into certain categories are eligible for special discounts and exemptions.
CS Salary
According to AmbitionBox, The average yearly pay for a Company Secretary in India is 6.1 lakhs, with a range of 2.5 lakhs to 17.3 lakhs.
When it comes to huge corporations and global corporations, however, company secretaries are paid more.
Conclusion
Making a career as a Corporate Secretary is incredibly profitable, with organizations aiming to secure their position among the world's leading economic and industrial firms.
Knowing the main aspects of how to become a corporate secretary is beneficial, with the possibility for development in the field of professional courses with larger pay packages.
I hope this overview of how to become a corporate secretary was helpful.
Frequently Asked Questions (FAQs)
1. How many years does it take to become a CS?
The total duration of a CS course is three years, depending on a student's competence and efficiency in completing it.
2. What are the qualifications to become CS?
For admission to higher study as CS, a further Secondary Certificate (10+2) from any recognized board of education, or its equivalent from the Council for Indian Certificate of Secondary Examination (ICSE), or Central Board of Secondary Examinations (CBSE).
3. Is CS difficult to pass?
The majority of the papers in the Company Secretary course are theoretical, making it a difficult and time-consuming subject for some students. Candidates can pass the CS examinations if they study regularly and diligently.
4. What is CS’s monthly salary?
The remuneration of a company secretary is determined by the person's experience and knowledge. Starting salaries in the market range from INR 20 to 30 thousand a month.
A company secretary's remuneration can be increased to Rs. 100,000 per month or more with expertise and a reputable firm.
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