To all those who are in grade 12th or have passed it, may have a doubt in their mind about what career they want to pursue in the future which will give them self satisfaction. There are many options if you have chosen commerce as your subject of interest. So, if you’re from commerce field (what if you from science) and thinking what to do next, Company Secretary may just be the best option for you. Below you will find some useful information on the aspects and scope of Company Secretary.

Many of us commonly mistake CS (Company Secretary) with CA (Chartered Accountant). Well, there’s a difference as they’re not the same. The key role of a Company Secretary is to act as a moderator between the company and its Board of Directors, Shareholders, Government and regulatory authorities. On the other hand, Chartered Accountants primarily work in the areas of finance and business issues. They may get engaged in the private sector or can be also hired by government bodies. Some CA’s also do their own private practice. A company secretary also acts as a catalyst and provides useful guidance to the Directors and Chairman on how to use their responsibilities properly under various laws. Here also, a qualified Company Secretary has scope for practicing as an independent professional.

You might just now want to ask what it takes to be a Company Secretary. Well, if you have the proficiency for law and management clubbed with good communication skills and if you are convincing enough, then this might be the right choice for you.

Now that we have answered what skills you need to have to become a good company secretary, you might be wondering what exactly the scope of Company Secretary is.

As you might know that, a need for a specialist has become very important in this ever expanding corporate world, you become a company secretary may fit into that role very adequately. Not only a career in this field offers a high degree of job satisfaction, but it’s also financially rewarding as well. When you’re a company secretary, you’ll be given the vital role of forming strategies and policies, planning objectives for the company you’re working for.

Who requires company secretaries? All those companies who seek to get listed on Stock Exchanges need to appoint a whole time company secretary. Also, companies with a paid up capital of Rs. 5 crores or more are required to appoint a whole time Company Secretary and companies who’s paid up capital is less than 5 crores, then it has to take a compliance certificate from a practicing company secretary. If you wish to work independently then you can start practicing after obtaining a “Certificate of Practice” from “The Institute of Company Secretaries of India (ICSI). 

Scope of Company secretary is very vast and expanding rapidly with growth in the corporate world. You can get into well-paid positions in the private and public corporate sector, banks and financial institutions, stock exchanges, the Department of Company Affairs, company law boards and government departments. Company Secretary acts as an advisor for legal matters, so all legalities involved in the company are taken care of by that person. The job positions begin with Junior Secretarial officer, Company Secretary, to Financial Advisor. Companies pay handsome packages to Company Secretaries if you are good & dedicated at your work. Also, you may get excellent job opportunities in other countries as well after completing this course.

The Company Secretary course is a professional course which is conducted by The Institute of Company Secretaries of India (ICSI), and to become one, the candidates need to pass the Foundation Program, Executive Program, and the Professional Program.

Log on bangatutorials.com for more information about Scope of Company Secretary.