Company Secretary....
Content
What is a cs Company secretary (CS) is a senior position in a private pr ivate company or public organisation, normally in the form of a managerial position or above. In the United St ates it is known as a corporate secretary . The Company Secretary is responsible for the e fficient fficient admini ad ministration stration of a co mpany, particularly with regard to ensuring compliance with statutory and regu latory requirements and for ensuring [1] that decisions of the Board of Directors are implemented. Despite the name, the role is not a clerical or secretarial or secretarial one in the usual sense. The company secretary ensures that an organisation complies with relevant legislation legislation and regulation, regu lation, and keeps board members informed of their legal responsibilities. 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. It is also their responsibility to register and communicate with shareholders shareholders,, to ensure that dividends are paid and to maintain company records, such as lists of directors of directors and shareholders, and annual accounts. In many countries, private companies have traditionally been required by law to appoint one [citation person as a company co mpany secretary, and this person will also usually be a senior board member. needed ]
Company secretaries in all sectors have high level responsibilities responsibilities including governance structures and mechanisms, corporate conduct within an organisation's regulatory environment, board, shareholder and trustee meetings, compliance with legal, regulatory and listing requirements, the training and induction of no n-executives and trustees, contact with regulatory and external bodies, reports and circulars to shareholders/trustees, management of employee benefits such as pensions as pensions and employee share schemes, schemes, insurance administration and organisation, the negotiation of contracts, risk management, management, property administration and organisation and the interpretation of financial accounts. Company secretaries are the primary source of o f advice on the conduct o f business and this can span everything from legal advice on o n conflicts of interest, through accounting advice on financial reports, to the development of strategy and a nd corporate planning. professional professional status. statu s. Only a person thus qualified is entitled ent itled to be designated a 'Chartered Secretary' or 'Chartered Company Secretary'. In India, the Institute of Company Secretaries of India (ICSI)regulates the profession of Company secretaries.ICSI is a statutory professional body which has more t han 26,680 associate members. directors. Chartered Secretaries are the sixth highest paid emp loyees in the UK according to the t he Office for [citation needed ] National Statistics Annual Survey of Hours and Earnings (March 2010).
[edit] India In India every company having a paid up share capital of Rs.50 million (5 crores) or more is required to appoint a qualified person as Company Secretary. A qualified Company Secretary should be a member of Institute of Company Secretaries of India. A company having not less than Rs.one million (10 lacs) paid up capital and not required to appoint a full time company Secretary should file a compliance certificate signed by a practicing Company Secretary with Registrar of Companies. Section 383A of the Companies Act, 1956 provides for the mandatory appointment of a whole time secretary where the paid up capital of the Company exceeds Rs.50 million (5 crores). If the capital is less than Rs.50 million (5 crores), the company is required to o btain a secretarial compliance certificate and attach the same to the Directors' Report and file it w ith the Registrar of Companies.
STUDENT INDUCTION PROGRAMME AND INFORMATION TECNOLOGY TRAINING As per new training programme guidelines announced by the ICSI all students who have registered for the Executive Programme on or after 1st September, 2009 are required to undergo seven days Student Induction Programme (SIP) within 6 months of registration and before appearing for the Executive Programme examination. The CSs working in corporates given
ELIGIBILITY/QUALIFICATIONS:To be eligible for appearing in the CS exams Foundation or Intermediate Course, you must register with the ICSI at last 8 months in advance. Admission to the course is open throughout the year. Examinations are held twice a year (June and December).There are more than 50 exam centres spread across the country. The overseas centre is located in Dubai. To qualify as a CS you have to clear five papers in foundation exam, eight in intermediate and nine in final examination. The ICSI offers Foundation Course for 10+2 passed candidates. One can also go for CS after his graduation. Such candidates would get 1 year exemption means they just have to clear intermediate and final level to become a CS. SCOPE FOR SPECIALISATION:-
There is a vast scope for specialization in CS in areas like Foreign Exchange Management Act(FEMA),Securities Exchange Board of India(SEBI),labour,banking, taxation and also
Intellectual Property Rights (IPR). A CS also plays a very important role in the due diligence process through which a company has to go before merger with any other company. This process involves a thorough assessment of the state of the company.
OBJECTIVE OF THE CS COURSE:-
To offer an opportunity to students passing the Senior Secondary Examination, the stage at which they decide their Career, to have wider options towards their Career building. To attract talented students to the profession at the right age. To enable students, desiring to take CS as profession, to enter early in the profession and to be able to stay longer.
e
Company secretaries in all sectors have high level responsibilities responsibilities including governance structures and mechanisms, corporate conduct within an organisation's regulatory environment, board, shareholder and trustee meetings, compliance with legal, regulatory and listing requirements, the training and induction of no n-executives and trustees, contact with regulatory and external bodies, reports and circulars to shareholders/trustees, management of employee benefits such as pensions as pensions and employee share schemes, schemes, insurance administration and organisation, the negotiation of contracts, risk management, management, property administration and organisation and the interpretation of financial accounts. Company secretaries are the primary source of o f advice on the conduct o f business and this can span everything from legal advice on o n conflicts of interest, through accounting advice on financial reports, to the development of strategy and a nd corporate planning. professional professional status. statu s. Only a person thus qualified is entitled ent itled to be designated a 'Chartered Secretary' or 'Chartered Company Secretary'. In India, the Institute of Company Secretaries of India (ICSI)regulates the profession of Company secretaries.ICSI is a statutory professional body which has more t han 26,680 associate members. directors. Chartered Secretaries are the sixth highest paid emp loyees in the UK according to the t he Office for [citation needed ] National Statistics Annual Survey of Hours and Earnings (March 2010).
[edit] India In India every company having a paid up share capital of Rs.50 million (5 crores) or more is required to appoint a qualified person as Company Secretary. A qualified Company Secretary should be a member of Institute of Company Secretaries of India. A company having not less than Rs.one million (10 lacs) paid up capital and not required to appoint a full time company Secretary should file a compliance certificate signed by a practicing Company Secretary with Registrar of Companies. Section 383A of the Companies Act, 1956 provides for the mandatory appointment of a whole time secretary where the paid up capital of the Company exceeds Rs.50 million (5 crores). If the capital is less than Rs.50 million (5 crores), the company is required to o btain a secretarial compliance certificate and attach the same to the Directors' Report and file it w ith the Registrar of Companies.
STUDENT INDUCTION PROGRAMME AND INFORMATION TECNOLOGY TRAINING As per new training programme guidelines announced by the ICSI all students who have registered for the Executive Programme on or after 1st September, 2009 are required to undergo seven days Student Induction Programme (SIP) within 6 months of registration and before appearing for the Executive Programme examination. The CSs working in corporates given
ELIGIBILITY/QUALIFICATIONS:To be eligible for appearing in the CS exams Foundation or Intermediate Course, you must register with the ICSI at last 8 months in advance. Admission to the course is open throughout the year. Examinations are held twice a year (June and December).There are more than 50 exam centres spread across the country. The overseas centre is located in Dubai. To qualify as a CS you have to clear five papers in foundation exam, eight in intermediate and nine in final examination. The ICSI offers Foundation Course for 10+2 passed candidates. One can also go for CS after his graduation. Such candidates would get 1 year exemption means they just have to clear intermediate and final level to become a CS. SCOPE FOR SPECIALISATION:-
There is a vast scope for specialization in CS in areas like Foreign Exchange Management Act(FEMA),Securities Exchange Board of India(SEBI),labour,banking, taxation and also
Intellectual Property Rights (IPR). A CS also plays a very important role in the due diligence process through which a company has to go before merger with any other company. This process involves a thorough assessment of the state of the company.
OBJECTIVE OF THE CS COURSE:-
To offer an opportunity to students passing the Senior Secondary Examination, the stage at which they decide their Career, to have wider options towards their Career building. To attract talented students to the profession at the right age. To enable students, desiring to take CS as profession, to enter early in the profession and to be able to stay longer.
e
