Career & Courses

Intermediate Course for Company Secretary

The Intermediate Course for Company Secretary has been renamed as the Executive Programme. This is the second level course of the Company Secretary course which is offered by the Institute of Company Secretaries of India. Once the first level course called Foundation Programme is successfully completed, one can proceed to register themselves for this second part of the program.

The minimum duration of the intermediate or executive programme is ten months excluding the date of registration and examination dates. The course fees for this level are Rs. 7000 for those with commerce background; non-commerce students need to pay a higher fee of Rs. 7500 for additional bridge course which need to be taken up. Those who pass the Foundation Programme and enroll for this course need to pay Rs. 6500.

Intermediate Course for Company Secretary The examinations are usually conducted twice during a year – usually beginning of June or the last week of December every year.

The eligibility criteria for sitting for the Executive Programme is having acquired a graduation degree in commerce stream preferably or any other discipline except fine arts. If there are supplementary passed candidates, they can also register for the course. Many candidates who have passed the Foundation level may pursue this course along with their graduation or even post graduation studies.

The Executive Programme consists of only theoretical papers which consist of six subjects arranged in two modules of three papers each, each having a total of hundred marks. The pass mark is forty percent in each paper and one has to obtain an aggregate mark of fifty percent in a module or else one will have to re-appear for all the papers of a module again.

The first module consist of three papers which deal with general and commercial laws, company accounts, management accounting and tax laws such as income tax, service tax, VAT. The second module consists of a paper dedicated to company law and the second paper dedicated to economic and labor laws; the third paper talks about securities laws and compliances. Once a candidate successfully clears both modules, they become eligible for the third level, also known as the Professional Programme.

Those who have passed the ICWAI or the ICAI are exempted from appearing for the foundation level of the Company Secretary program and may directly apply for the Executive Programme. There are many other types of exemptions that may be obtained, details of which may be found on the ICSI website.

Institute of Company Secretary of India

Every country has a regulatory body which serves as an umbrella organization for practicing company secretaries in that country. The name of this profession may differ from country to country but they have similar allocated legal and corporate functions which makes this role vital for large corporate companies.

Similarly, the institute which develops Company Secretary professionals in India is known as the Institute of Company Secretaries of India or ICSI for short. It is a professional statutory body which has been constituted under the Company Secretaries Act of 1980 which was passed by the Indian Parliament. It is the sole organization in India which is authorized to develop, train and regulate the Company Secretary professionals. Those who pass the three course professional program as well as managerial training are awarded the certificate of being a Company Secretary and they also can become members of the institute. ICSI has its headquarters in the capital city of India, Delhi and has regional offices in cities like Mumbai, Kolkata, Chennai.

Institute of Company Secretary of India The institute was formed in 1960 when the then Company Law Board started such a course which awarded the Government Diploma in Company Secretaryship. As the popularity of the course grew and the number of students increased, the Institute of Company Secretaries of India came into being in 1968 to conduct the CS examinations. In 1981 the institute was awarded the status of a statutory body under the Company Secretaries Act which allowed it to issue certificates in its name. Today it has over five thousand fellow members and over two lakh registered students who are at various levels of the three programmes.

The ICSI not only conducts the Company Secretaryship exams but also provides other facilities to students and registered members. These include practical training, regulating the workings of certified professionals in the various industries as per the code of conduct and professional ethics and so forth. The institute also promotes an environment of continuing education and professional development by bringing out research publications, monthly journals for the registered members. They also have program bulletins, tutorials for students who are appearing for the various level examinations. By interacting regularly with the government and other regulatory bodies, the institute helps its members stay updated about policy and professional changes.

Thus, ICSI is an important institute and statutory body for the promotion and updation of the profession of Company Secretary ship and is one of its kind in India.

Indian Institute of Company Secretary

For those who wish to pursue a corporate career as a Company Secretary, they need to qualify for the same by completing the professional program which is conducted by the Indian Institute of Company Secretary. This institute was constituted under the Company Secretaries Act of 1980 which was passed by the Indian Parliament. It is the only recognized institute and professional body in India which can certify professionals who pass out of the institute as Company Secretaries and regulates the profession in the country overall. This institute awards certificates which bestow on qualified individuals the designation of Company Secretary or CS. They can even become members of the institute which acts as an umbrella body for this profession.

Indian Institute of Company Secretary Company Secretary is a high profile, managerial position in companies which have a paid up capital of over five crores. Such large companies in India are instructed by law to appoint a Company Secretary who thereby have the responsibility to direct the board of the company to work in accordance to the governance and corporate laws of the country and of each state.

With the growth of the corporate sector in India, the need for Company Secretaries is on a rise. Thus, the ICSI also has expanded with its headquarters at Delhi and with regional offices at Chennai, Kolkata, Mumbai. There is also a comprehensive website of ICSI from where one can get lot of information related to the course, examination details, download application forms and a myriad of other essential information.

Formed in 1960, this institute first started this course which at that time awarded the Government Diploma in Company Secretaryship to the successful participants. As the popularity of the course grew, the Government promoted the institute under the Section 25 of the Companies Act of 1956 to award the certificate under its name. It thus became a statutory body since 1981.

As of the annual report of the ICSI of 2009-10, there were 16613 Associates and as many as 5226 Fellow Members on the rolls of the company. The institute has certified members as many as 3576 as on March 2010. The number of students for the various programs are an enormous number at any given point of time – there are as many as over two lakh students amongst which there is a greater share registered for the executive program; about one lakh students who have passed the foundation course and about 64000 students who are about to sit for the foundation exam.

Thus, ICSI is the one and only institute to go to for qualifying as a Company Secretary in India.

Foundation Course for Company Secretary

The Foundation Course for Company Secretary is the beginning programme which needs to be passed in order to move on to the next two levels of programmes. This course has now been renamed as the Foundation Programme, just as the other two courses have been renamed as Executive Programme and Professional Programme respectively.

In India Company Secretary is a professional course that is conducted by one institute – the Institute of Company Secretaries of India. Eligibility for Company Secretary program needs the minimum qualification of having passed the 10+ 2 level in high school to apply for the registration. There is no entrance test that one needs to go through since the courses are arduous enough and only those who put in persistent efforts can hope to succeed.

Foundation Course for Company Secretary The Company Secretary foundation course offers a glimpse of how the advanced programme contents are going to be. The foundation programme can be easily applied for by downloading the registration form from the ICSI website and submitting the filled in form at the regional or satellite offices of ICSI based in your town or city. The application and postal tution fee comes to a total of Rs. 3600 for the foundation programme. There is a separate fee for examination of Rs. 875 applicable when appearing for the foundation exam and in case of extension of registration, other fees are applicable. The cut off dates for application for the foundation programme are 31st March and 30th September.

The provisional admission obtained needs to be finalized into registration by providing proof of having passed the higher secondary or equivalent examination. Then only the study materials and other documentations such as identity card are provided to the students at their given postal addresses.

Usually, a registration for the foundation programme stands valid for three years within which it needs to be completed. If the three year period expires, then one would need to apply again with the same amount of admission fees.

There are four main modules in the foundation programme. They consist of English and Business Communication; Economics and Statistics; Financial Accounting and Elements of Business Laws and Management. Each of these papers has many sub topics which are covered in detail in the study materials which come along with the course. There are options for attending oral tutorial classes held at the various regional offices of the institute. ICSI even has empanelled private tutorials whereby students can enroll for extra fees to obtain guidance on the different subjects of the exam. There is also the e-learning portal started by ICSI, mainly for those who do not have access to tutorials or are working and do not have the time for extra classes. They can access faculty help online through this portal by registering themselves for a fee.

Thus, there are lots of study aids that are provided by ICSI for students who enroll for the foundation programme.

Different Company Secretary Courses Offered by ICSI

Company secretary courses are mostly offered by the ICS of different countries. The Institute of Company Secretaries of India offers courses related to company secretary in three different stages. They are the foundation course, then the intermediate course and the last one is the final course. In order to get secretarial training, the candidates need to qualify in all three stages. As far as the minimum qualification is concerned for enrollment of the foundation course, the candidate should have completed his higher secondary school.

The ICSI also provides bachelors and masters degree courses in company secretary. The candidates who wish to go for master’s and bachelor’s degree can directly apply for the final course without going through the foundation and intermediate course. Description of the courses has been mentioned below.

Different Company Secretary Courses Offered by ICSI The foundation course includes four courses in order to become a company secretary. The four courses include Business Communication, Business Laws and Management, Economics and Statistics and Principles of Accountancy.

After completion of the foundation course, the candidates would be eligible to opt for the intermediate course. The duration of the course is nine months and the subjects covered are Industrial Laws, Management, Company Law and Practice, theory and practice of company accounts, Cost and Management Accounting, Economic and other Legislation, Tax laws and procedures etc.

As stated earlier, if candidates are already holding a masters or bachelors degree, then they can skip the intermediate course and directly opt for the final course. The final course offers subjects that include Financial Management, Corporate Law and Practice, Secretarial and Management Audit, Corporate Tax Management and Management Control and Information.

Soon after the successful completion and clearance of all the stages of course, the candidates will have to go through a training session for a period of around 15 months in a registered organization. Candidates can become the associates of the institute after completing the training period.

Thus these are different company secretary courses offered by ICSI. A company secretary indeed has a major role to play in a company in which they belong to. The company secretary profile is quite prestigious and comes with lot of duties and responsibilities. A company secretary is the coordinator between the directors and stakeholders of the company.

There are several other institutes that offer CS courses. Some of the best institutes offering company secretary courses are ICSI Bhubaneshwar, ICSI Guwahati, ICSI Patna, ICSI Dhanbad, ICSI Kolkata, Alagappa University, Tamilnadu and many more.

Final Course for Company Secretary

If you are aiming for the final course of Company Secretary, then you must be the lucky few who have successfully passed both the previous level exams. The three levels of the Company Secretary program have been recently renamed as the Foundation Programme, the Executive Programme and the Professional Programme. Though renamed, the courses remain same with the same subjects and modules in each level.

The Company Secretary course is a much coveted course in India and there is only one institute which awards such a professional certificate – the Institute of Company Secretaries of India. This institute is one of a kind and is responsible for nurturing the thousands of Company Secretary qualified individuals who pass out of this esteemed institute each year.

Final Course for Company Secretary One can begin the preparations for such a course early in one’s career. A Company Secretary is a profession which is challenging as well as rewarding financially and it is known to parachute qualified individuals right into the board room of corporate offices. Such a profession gears one to become legal and statutory advisors to board members of an organization, guiding their decisions in compliance with the existing laws and statutory requirements in a country. Then again, many acts such as the Companies Act or the SEBI Act or the Depositories Act make it compulsory for companies to obtain authorized compliance certificates or statements from company secretaries, either in their employment or as practicing consultants.

Thus, there are growing opportunities for those who are willing to cover the arduous professional program of Company Secretaryship. For those who have already completed the Foundation and the Executive programme, they are just one step away from completing the last lap to obtain the certificate of Company Secretary. Of course, there is also the fifteen month duration professional training that needs to be undergone before the certificate is obtained.

The professional programme fee is Rs. 7500 and if one opts fort the oral coaching classes offered by the institute or other empanelled tutorials, then the fees are additional. There are four modules which are part of the professional programme – the first module consist of papers related to company secretarial practice, nuances of drafting, pleading and appearance. The second module consists of papers related to treasury, financial and forex management, corporate restructuring, insolvency. The third module consists of strategic management, international trade practices, advanced tax laws while the last module deals with due diligence, corporate compliance, governance and business ethics.

Those who wish to succeed the last lap of the Company Secretary programme need to prepare extensively on these modules of the professional programme with the help of tutorials or e-learning portal provided by the institute.

Company Secretary Course

There are many Indian students, especially in their high school levels, who wonder about the Company Secretary careers. What such a career would involve, the kind of preparations one needs to do, the subjects that one needs to be good at are some of the questions foremost on such students’ minds.

Company Secretary is a position which is required in organizations, both public or private, when the paid up share capital of a company are beyond a certain amount. In India, companies whose aid up capital exceeds five crores, are required to employ a Company Secretary. Those with smaller capital shares can obtain compliance certificates from practicing company secretaries. Company secretaries are mandatory by law in large organizations since they become the legal representative of the firm for ensuring that all forms of legal and statutory requirements of a company are met. They ensure proper functioning of the board members in accordance with corporate laws, oversee the administration of a company and so forth.

Thus, company secretaries are coveted positions in high managerial roles in companies. Those who aspire to be a Company Secretary need to start early, especially in a competitive market like India. Here the only authorized body which offers the due certification course is the Institute of Company Secretaries of India or ICSI. This institute is headquartered at New Delhi and has regional offices at major cities like Mumbai, Kolkata, Chennai for aspiring applicants to obtain their application forms and course materials from. Today, it has a comprehensive website from where all details can be obtained, forms downloaded and so on.

The Company Secretary course details are usually available over the ICSI website. This course consists of three distinct levels each of which need to be passed – the Foundation Programme, the Executive Programme and the Professional Programme. For applying for the foundation course, one needs to have at least appeared for the higher secondary or equivalent examination and within six months of admission, should be able to provide proof of having passed the high school exam. To appear for the intermediate and final course exams, one needs to have completed the graduation or the post graduation degree, the latter not being compulsory. After the programmes are completed, one needs to undergo managerial training to be finally certified as a Company Secretary.

Though students of all fields can apply for this course, those who specialize in commerce studies would find the course contents more relevant and easier to grasp than others.

These, in a nutshell, are the overall information about the Company Secretary course in India.

Company Secretary Course Syllabus

For those who are looking for updates on the Company Secretary course syllabus, they are either students registered for the computer secretary course or are aspiring to apply for the same.

Company Secretary is highly coveted career in India like other countries. Large companies with paid up share capital of over five crores are required by law to employ company secretaries on their rolls. Such professionals are required to ensure that the board of a company functions in accordance with legal and statutory requirements of a country or state and abides by the corporate laws.

The Institute of Company Secretaries of India is the sole institute in India which conducts such a professional course in India. Those who wish to apply for the same, need to obtain the necessary information from the institute’s office or the ICSI website.

The Company Secretary course keeps getting updated to keep the CS professionals in tune with the latest happenings in corporate law, managerial practices and other government policies. The course syllabus details can be found on the ICSI website. There have been some amendments to the course details since August. Changes have been made to nomenclature of the different courses such as the foundation, intermediate and final courses have been renamed as foundation, executive and professional programmes respectively. The groups have been also been renamed as modules. The revised foundation programme consists of English and business communication paper, economics and statistics, financial accounting and elements of business laws and management.

The executive programme consists of two modules. The first module consists of the following subjects – general and commercial laws, tax laws and company, management and cost accounting. The second module consist of company law, economics and labour laws and compliance and securities laws.

The professional programme or the final course consists of as many as four modules. While the first module consists of CS practices, the second module consists of financial, forex and treasury management, corporate restructuring practices; the third module consists of strategic management, advanced tax laws and the fourth module consists of governance, business ethics, compliance management and similar subjects.

Other changes include the dates of applying for the different programmes; the qualifying marks for the different courses, exam schedules and so forth. These details can be easily accessed at the ICSI website and one can be updated regularly of any changes which are being implemented by the institute.

Company Secretary Entrance Exam

Company Secretary is a high managerial position which exists in large private and public companies in most countries. Such a role is an important one which is made mandatory by many corporate laws in different countries. In India Company Secretary is made mandatory for companies which have a paid up share capital of Rs. 50 lakhs or Rs. 5crores and above. In such companies one needs to appoint a Company Secretary who will be the legal representative of the company and will advise the board, the senior officials and the share holders of the different legal regulations that need to be complied with. Such an official will not only ensure that the board decisions are in accordance with the company laws and regulations of a country or state, but will also ensure proper communication of all company decisions and policies to share holders, stock exchanges and employees of the company.

Company Secretary Entrance Exam With the opening up of the corporate sector over several decades now in India, there has arisen many large companies and firms who need to employ company secretaries as part of the regulations or corporate laws in the country. There is a projected estimation that the number of company secretaries that Indian corporate sector will need will increase and accordingly, the ICSI is gearing up to provided updated courses and programmes to all aspiring company secretaries.

There is no entrance exam which needs to be passed by aspiring applicants for getting admission in the Company Secretary course. The course consists of three levels of programmes – the foundation program, the executive program and the professional program. Initially one needs to apply for the foundation course for which the course fees are Rs. 3600 and a nominal fee of Rs. 200 is charged when the application form is deposited. On successful admission into the course, one will receive the course materials issued by the institute.

Since the entire program is conducted by the ICSI institute, their offices and website contain all details and answers to questions that students can have about the courses. the foundation course usually lasts for 8 months and one can take the exam after that; one need to have cleared the higher secondary examination before he or she can sit for the foundation exam; this is like the entrance exam for the executive program which is the next level. On passing the foundation course, one needs to pass the executive program which then becomes the entrance exam for the professional and final level. Thus, Company Secretary program is an arduous professional program designed to pick up the best minds for such a high profile corporate role.

Company Secretary Exam

Company Secretary exams are comprehensive tests which span a wide variety of subjects and can be of different levels – foundation, intermediate or finals. The career of a Company Secretary is a coveted one in India like other countries. In most countries the job role of such a position is similar, differing only in specific regulations and state or country specific corporate and legal responsibilities.

Those who are considering a career as a Company Secretary, need to know that the courses and exams that one needs to pass span several years and need a comprehensive understanding and knowledge of various subjects as are covered in the Company Secretary course. The Company Secretary course aims to equip students with all requisite knowledge of the legal and corporate laws in a country. Besides these, the basic knowledge of the overall administration of a company, the various aspects of business administration and the various functions, understanding of the macro and micro economics of an economy are all instilled in the Company Secretary course.

Company Secretary Exam The Company Secretary course needs to be completed at three levels – foundation, intermediate and final. There are various topics and papers in each course. When taking a Company Secretary exam at each level, one needs to appear for several topics. Each paper is evaluated on hundred marks and needs to be covered in three hours time. In the part one examination which is the foundation course, the first paper is that of English and business communication; here one is required to have a sound understanding of the basic elements of the English language as well as show their prowess in different types of essay, precise writing styles; the business communication part consists of different types of business letters and formal written communication that needs to be done while conducting different businesses.

The second paper consists of the basics of economics and business environment; the third paper is about financial accounting while the fourth paper is about business laws and environment. Interestingly, a lot of emphasis is being given on information systems and knowledge of software and applications which are an essential part of any business. Hence, the fourth and last paper of the foundation course consists of information systems and quantitative techniques. The intermediate course of Company Secretaryship concentrates on different types of laws – company laws, tax structures, different types of taxations as well as corporate information systems, corporate accounting and corporate communication. There is stress on managerial skills at this level as the course equips the students to move onto the final level. In the final level, one learns more about the roles and responsibilities of a Company Secretary, regulatory provisions for companies, financial markets, corporate governance and so forth.

Thus, the Company Secretary courses are extensive and to pass the Company Secretary exams at the different levels, one needs to prepare extensively for the same.

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