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Company Secretary

Overview, Education, Careers Types, Skills, Career Path, Resources

A Company Secretary ensures legal and regulatory compliance for companies. Key responsibilities include managing corporate governance, handling legal documentation, and advising the board.

Average Salary

₹6,00,000

Growth

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Satisfaction

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Educational Requirements

Education Requirements for Becoming a Company Secretary

To become a Company Secretary (CS) in India, you need to fulfill specific educational criteria and pass examinations conducted by the Institute of Company Secretaries of India (ICSI). Here’s a detailed breakdown:

  • Foundation Programme:

    • You must have passed the 10+2 examination or its equivalent in any stream (Science, Commerce, Arts) from a recognized board.
    • The ICSI Foundation Programme serves as the entry-level course.

  • Executive Programme:

    • Graduates of any stream (excluding Fine Arts) are directly eligible for the Executive Programme.
    • Students who have passed the ICSI Foundation Programme are also eligible.

  • Professional Programme:

    • You can enroll in the Professional Programme only after clearing both groups of the Executive Programme.

  • Training:

    • After passing the Executive Programme, you need to undergo practical training, which includes:
      • 21 months of practical training under a practicing Company Secretary or in a company.
      • A mandatory 15-day training program.

  • Membership:

    • After completing the Professional Programme and the required training, you can apply for membership at ICSI and be designated as a Company Secretary.

Key Points to Remember:

  • ICSI Exams: Passing the ICSI exams is mandatory at each stage (Executive and Professional).
  • Registration: Register with ICSI for each program before the specified deadlines.
  • Continuous Updates: Stay updated with any changes in the syllabus or examination patterns announced by ICSI.
  • Skills: Besides academic qualifications, focus on developing skills like communication, analytical reasoning, and problem-solving.
Study Path
Top Colleges

While a specific degree isn't mandatory to become a Company Secretary, relevant courses and coaching can significantly aid in preparation. Here are some top colleges and institutes in India that offer excellent programs and coaching for aspiring Company Secretaries:

  • ICSI (Institute of Company Secretaries of India):

    • ICSI is the primary institute for CS education and offers comprehensive coaching and study materials.

  • VSI (Vidya Sagar Institute):

    • Known for its excellent coaching and experienced faculty, VSI is a popular choice for CS aspirants.

  • JK Shah Classes:

    • Offers coaching for various professional courses, including CS, with a focus on conceptual clarity and exam-oriented preparation.

  • EduCorp:

    • Provides comprehensive coaching for CS exams with experienced faculty and updated study materials.

  • Local Coaching Centers:

    • Many cities have local coaching centers that offer specialized CS coaching. These can be a more affordable option.

Relevant Degree Courses:

  • B.Com (Bachelor of Commerce):

    • A B.Com degree provides a strong foundation in accounting, finance, and business law, which is highly beneficial for CS aspirants.

  • LLB (Bachelor of Laws):

    • An LLB degree provides in-depth knowledge of laws and regulations, which is essential for a Company Secretary.

  • MBA (Master of Business Administration):

    • An MBA can enhance your managerial and strategic skills, making you a more effective Company Secretary.
Fees

The fees for Company Secretary (CS) courses in India vary depending on the stage of the program and the type of institution. Here's a general overview:

  • ICSI Registration Fees:

    • Foundation Programme: Approximately ₹5,000 - ₹7,000
    • Executive Programme: Approximately ₹10,000 - ₹12,000
    • Professional Programme: Approximately ₹12,000 - ₹15,000

  • Tuition Fees (Coaching Centers):

    • Foundation Programme: ₹15,000 - ₹25,000 per year
    • Executive Programme: ₹25,000 - ₹40,000 per year
    • Professional Programme: ₹30,000 - ₹50,000 per year

  • Government Colleges:

    • Government colleges may offer CS courses or related degrees at a lower fee, typically ranging from ₹5,000 to ₹20,000 per year.

  • Private Colleges:

    • Private colleges usually have higher fees, ranging from ₹30,000 to ₹1,00,000 or more per year, depending on the college's reputation and facilities.

Additional Costs:

  • Study Materials: Costs for books and study materials can range from ₹3,000 to ₹10,000 per stage.
  • Exam Fees: Each exam attempt has a fee, which can range from ₹1,000 to ₹2,000 per paper.
  • Training Fees: Practical training may involve additional costs, depending on the organization providing the training.
Related Exams

The path to becoming a Company Secretary involves clearing examinations conducted by the Institute of Company Secretaries of India (ICSI). These exams are structured into three primary stages: Foundation, Executive, and Professional. Each stage is designed to assess a candidate's understanding and expertise in corporate law, management, and governance.

  • Foundation Programme Exam: This is the entry-level exam, typically for students who have completed their 10+2. It covers basic aspects of law, management, and economics.

  • Executive Programme Exam: Graduates or those who have passed the Foundation Programme are eligible for this stage. It delves deeper into corporate laws, securities laws, and financial management.

  • Professional Programme Exam: This is the final and most advanced stage. Candidates who have cleared the Executive Programme can appear for it. The exam covers advanced topics such as corporate restructuring, insolvency, and strategic management.

Key Aspects of the Exams:

  • Syllabus: The syllabus is comprehensive and updated regularly to reflect changes in corporate law and governance.
  • Exam Pattern: Each exam includes multiple papers, and candidates must secure a minimum passing mark in each paper.
  • Preparation: Effective preparation requires a thorough understanding of the syllabus, regular study, and practice with mock tests.
  • ICSI Resources: ICSI provides study materials, online classes, and other resources to help students prepare for the exams.
Exam NameExam Date
Related Courses
Pros And Cons

Pros

  1. High career stability and growth potential.
  2. Respectable position in corporate governance.
  3. Opportunity to work closely with top management.
  4. Competitive salary and benefits.
  5. Chance to contribute to ethical business practices.
  6. Continuous learning and professional development.
  7. Diverse roles in legal, finance, and compliance.
  8. High demand in both private and public sectors.
  9. Opportunity for independent practice.
  10. Enhances strategic decision-making skills.

Cons

  1. High level of responsibility and accountability.
  2. Strict adherence to laws and regulations.
  3. Long working hours may be required.
  4. Constant pressure to maintain compliance.
  5. Risk of penalties for non-compliance.
  6. Requires continuous updating of knowledge.
  7. Can be stressful due to regulatory changes.
  8. Initial training period can be demanding.
  9. Competition in the field is increasing.
  10. Ethical dilemmas may arise frequently.