“Leadership is working with goals and visions. Management is working with objectives.” Rightly said by Russel Honore. The first rule of management is delegation. Don’t try and do everything yourself because you can’t. Company Secretary is one such profession that demands a flare in handling and managing a team of employees for the purpose of meeting deadlines and running closer to the end goal of the firm. Let’s learn more in detail.
WHO IS A COMPANY SECRETARY?
Company Secretary is one of the principal posts in a company. He/she act as a conscience seeker of the company. A certified Company Secretary is hired to handle the legal aspects of a firm. A CS is responsible for complete the company’s tax returns, keep records, advise board of directors and ensure that the company complies with legal and statutory regulations.
In India, The Institute of Company Secretaries of India (ICSI) is the only recognized professional body in India to develop and regulate the profession of Company Secretaries. The ICSI provides training and education to lakhs of aspiring Company Secretaries. Members. At present, there are more than 50,000 members and about 4,00,000 students on the rolls of ICSI.
To be able to professionally practice Company Secretaryship, an individual has to complete three levels of training and examination, set by the ICSI.
The Company Secretary is:
➤ An in-house legal expert; a compliance officer of the Company.
➤ An expert in corporate laws, securities laws & capital market and corporate governance
➤ Chief advisor to the board of directors on best practices in corporate governance
➤ Responsible for all regulatory compliances of the company
➤ Corporate planner and strategic manager
Role of a Company Secretary
A Company Secretary being multidisciplinary professional renders services in the following areas:
Corporate Governance and Secretarial Services
➤ Corporate Governance Services
➤ Corporate Secretarial Services
➤ Secretarial/ Compliance Audit and certification Services
Corporate Laws Advisory and Representation Services
➤ Corporate Laws Advisory Services
➤ Representation Services
➤ Arbitration & Conciliation Services
Financial Market Services
➤ Public Issue, listing and Securities Management
➤ Takeover Code, Insider trading, Mergers & Amalgamation
➤ Securities Compliance and Certification Services
➤ Finance & Accounting Services
➤ Taxation Services
➤ International Trade & WTO Services
1. General/ Strategic Management
2. Corporate Communication and Public Relations
3. Human Resources Management
4. Information Technology
WHAT ARE THE EDUCATION AND TRAINING NEEDED?
To become a company secretary, it is vital that you possess a degree or professional qualifications in business, law, accountancy or public administration. You are also required to demonstrate relevant business experience in areas such as pensions, personnel, accounts, credit control, etc.
To be a company secretary, you need to qualify with the ICSA (Institute of Chartered Secretaries and Administrators) or be an accountant, solicitor or barrister. To become a full chartered member of ICSA, you may do any of the two:
➤ Complete the Chartered Secretaries Qualifying Scheme (CSQS): Open entry qualification
➤ ICSA validated the postgraduate qualification
After completing any of the above qualifications you become a graduate member of ICSA and gain GradICSA status.
There are various part-time or distance learning courses provided by ICSA as well.
In this profession, you develop your knowledge on the job and while studying for the ICSA exams.
You become a graduate member of ICSA after gaining chartered status. After significant work experience of number of years, you may reach associate member level or become a fellow of the institute.
You may consider joining the Institute of Chartered Secretaries and Administrators for networking and professional development events.
ICSA also offers various single-subject courses, awards, and qualifications such as:
➤ Advance Certificate in Corporate Governance
➤ Certificate in Employee Shares
➤ Postgraduate Diploma in Charity Management
➤ Company Law and Compliance in Listed Companies
WHAT IS THE SKILLSET NEEDED TO BE A CS?
To be successful in this profession, you need to possess the following:
➤ Impeccable oral and written communication skills
➤ Excellent presentation and negotiation skills
➤ Pay attention to detail
➤ Problem-solving skills
➤ Good organizational and time management skills
➤ Understanding of business law and finance
➤ Flexible approach towards works
➤ Ability to make rational judgments
➤ Be able to prioritize work and meet deadlines
TOP INSTITUTES FOR THE STUDY OF CS:
Institute of Company Secretaries of India (ICSI), Lodi Colony, Delhi
Navkar Institute, Memnagar, Ahmedabad
Shiksha Guru., Janakpuri, Delhi
Finovative Solutions, Borivali West, Mumbai
Aaaradhya Financial School for Excellence, Kukatpally, Hyderabad
Commerce and Management, Green Park, Delhi
Good Shepherd Professional Academy, Nigdi, Pune
SoftDot HI-Tech Educational & Training Institute, Delhi, South Ex 1
Elite IIT, Jayanagar, Bangalore
Siddharth Academy, Thane West, Thane
In conclusion, the company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. Thus, the designation is glorious and very important.