Company Secretary career in India – Points bought to know
Company secretary is one who act due to the fact the mediator between the company and it’s Board of Directors, Government, Shareholders and regulatory authorities. the work if a agency secretary is to make certain that the Board tactics are strictly observed and often revised. Company Secretary is that the judgment of right and wrong seeker of a enterprise. He or She courses the Chairman and Directors on the way to make the easiest use of their obligations beneath a range of laws.
As per the organizations Act 1956, each and every employer with a paid-up share capital of Rs.5 crores or above has received to appoint an complete time Company Secretary. The institute of Company Secretaries of India (ICSI) has developed and managed the occupation of Company Secretaries inside the country.
Where can a Company Secretary work:
A certified CS can both be used by way of a company or can begin his/her personal practice. As per part 383A of the groups act 1956, it is obligatory of businesses with a paid up share capital of Rs.5 crores or greater to appoint a business enterprise Secretary.
A CS begin exercise requires a Certificate of exercise (CoP) from ICSI (after certified as a CS). The company Secretary can then problem compliance certificates to businesses and corporations (with a paid up share capital between 10 lakhs to Rs.5 crores) and beneath diligence document for Banks etc. There additionally can render there on retainer ship groundwork for expert recommendation and support.
Power and responsibility of a Company Secretary:
The quintessential function that a CS performs in the course of an organization are regularly gauged by using the very truth the companies bill, 2011 equates him to the Chief Executive officer and consequently the Chief Treasurer of the company via which includes him inside the definition of Key Managerial Personnel consequently putting heavy accountability on his shoulder. In companies, a company secretary is greater worried in company restructuring, formulating company company policies, managing public issues, mergers and acquisition, joint ventures inside and out of doorways India.
Career Growth of Company Secretary:
Normally the designation ascribe inside an enterprise is “Company Secretary” or “Assistant Company secretary”. But retaining a consideration the indoors hierarchy of an employer, one can begin with a minimal of “Senior Executive” or “Assistant Manager” in an organization. With trip can go up to heading a legal and secretarial department of an association and even rising to the submit of Director or Chairman.
Pay Package of Company Secretary:
A more energizing can begin with a revenue of round three to 5 lakh as soon as a year. Packages very counting on persons competencies and consequently the sector.
Opportunities exists overseas additionally citadel ICSI members. The ICSI has signed MOUs with Institute of Chartered Secretaries and Administrators (ICSA) in London and Chartered Institute for Securities and Investment (CISI) in London.
Career Prospectus for Company Secretary:
As per the Corporation Act, 1956, each and every agency with a paid-up share capital of Rs.2 crores or above has acquired to appoint a complete time Company Secretary.