About Company Secretory Course

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  • The Institute of Company Secretaries of India (ICSI) is a premier national professional body.
  • Its vision is “to be a global leader in promoting good corporate governance.
  • The mission of the Institute is “to develop high calibre professionals facilitating good corporate governance.
  • Constituted under the Company Secretaries Act, 1980 to develop and regulate the profession of Company Secretaries, it functions under the jurisdiction of Ministry of Corporate Affairs, Government of India.

 

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Role of Company secretary

Company Secretaries (CS) have the responsibility of setting up the contours for the deliberations of the Board and ensuring regulatory compliance with respect to all the decisions. They act as governance professionals.
A Company Secretary is the person who is responsible for organizing board meetings, informing board of directors about the impending meeting, formulating the agenda of the meeting with Chairman and/or Chief Executive, compiling the minutes of the meeting and maintaining minute books
A Company Secretary has to ensure that Annual General Meetings (AGM) are held as per the Companies Act and the companies’ Article of Association.
CS is responsible for issuing notices of meetings, distribution of proxy forms, helping directors update themselves and getting prepared in case any shareholder ask questions, helping directors prepare briefing material and ensuring that security arrangements are done for the meeting. During the meeting, they have to ensure that proxy forms are processed properly, voting is carried out properly and recording the minutes of the meeting.
A Company Secretary has to ensure that the Memorandum and Articles of Association is properly complied with. In case any amendments are issued, they have to make sure that they are implemented in the right manner.
A Company Secretary has to ensure that the Memorandum and Articles of Association is properly complied with. In case any amendments are issued, they have to make sure that they are implemented in the right manner.
CS is responsible for maintaining the statutory registers regarding the members, company charges, directors and secretary, directors’ interests in shares and debentures, interests in voting shares and debenture holders.
CS had to make sure that company complies with the Yellow Book requirements and it properly implements the model code and/or company code regarding the company’s securities. He/she has to maintain relations with Stock Exchange through company’s brokers and he/she is responsible for relaying information regarding the company to the market.
Company Secretary is responsible for filing annual reports, amended Memorandum and Articles of Association, return of allotments, notices of appointments, removal and resignation of directors and the secretary, notices of removal or resignation of the auditors, change of registered office and resolutions in accordance with the Companies Act with the Registrar of Companies.
They have to maintain the company’s register of members, deal with questions of the shareholders and transfer of share-holding etc.
CS has to play a key role in implementing acquisitions, disposals and mergers. They have to make sure that proper documentation is in place and proper commercial evaluation is done.
Where can they work A qualified CS can either be employed by a company or can start his/her own practice. As per section 203 of the Companies Act 2013, it is mandatory for companies with a paid up share capital of Rs.5 crores or more to appoint a Company Secretary.
A CS to start practice requires a Certificate of Practice (CoP) from ICSI (after having qualified as a CS). The Company Secretaries can then issue compliance certificates to companies and firms (with a paid up share capital between Rs.10 lakhs to Rs. 5 crores) and undertake diligence report for banks etc. They can also render their on retainership basis for professional advice and support. power+ Responsibility.
In companies, a Company Secretary is more involved in corporate restructuring, formulating corporate policies, managing public issues, mergers and acquisitions, joint ventures within and outside India, to name a few. The Company Secretaries also act as the confidants of the Board of Directors (BoD) while also liaisoning with various government departments. They are even foraying in cap.
Consider as Key Managerial Personal.
Pursuant to Clause 49 of the Listing Agreement, Practising Company Secretaries have been authorized to issue Certificate regarding compliance of conditions of Corporate Governance as stipulated in the Clause.
Practicing Company Secretaries have also been recognized to appear before various Tribunals such as Company Law Board, Securities Appellate Tribunal, Competition Commission, Telecom Dispute Settlement and Appellate Tribunal, Consumer Forums, Tax Tribunals etc.
Recently the Reserve Bank of India has recognized the Practising Company Secretaries to undertake Diligence Report for Banks.
PAY PACKAGE A fresher can start with a salary of around 3 to 5 lakh per annum. Packages vary depending on individual capabilities and the sector.
Opportunities exist abroad as well for 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