Showing posts with label CS Foundation Course Details. Show all posts
Showing posts with label CS Foundation Course Details. Show all posts

Wednesday, 26 June 2013

All About Company Secretary (PART 1)

A company secretary is an in-house legal professional who performs the role of a compliance officer of the company. He is practiced in securities laws, corporate governance & corporate laws. A company secretary also acts as a chief advisor to the board of directors and suggests them on various best practices in corporate governance. He plays the role of a corporate planner, policy maker and strategic manager. He/she is also responsible for all the regulatory compliance of the company and sees that all the rules and regulations are being adhered to.

With so many duties to execute & perform, a company secretary needs to manage all these things along with other financial matters of the business as well. Here are some of the services that a company secretary renders to the organization:

Management Services

-    Human Resource Management
-    Strategic Management
-    Public Relations

Corporate Advisory

-    Arbitration services
-    Conciliation services
-    Corporate law advisory consultant

Financial Market 

-    Taxation
-    Accounting & Finance
-    Securities Compliance
-    Public issue
-    Listings & Securities management

Corporate Governance

-    Compliance audit
-    Certification services
-    Corporate governance services

Company Secretaries have excellent career prospects. They can either get employment in private or public sectors or practice as independent professionals.

Companies with a paid up capital of Rs. 5 crore or more have to appoint a whole time company secretary under section 383A of the Companies Act, 1956. It is necessary to appoint a whole-time company secretary for all those companies who are seeking listing on the Stock Exchanges. It is useful to appoint a company secretary for all those companies whose affairs are conducted by councils, boards, authority, federations or any other association.

If you wish to practice independently, you have to obtain a “Certificate of Practice” from The Institute of Company Secretaries of India (ICSI). Every company which has a paid up share capital of Rs. 10 lakh or more but less than Rs. 5 crore is required to engage the services of a whole time practicing secretary in order to obtain a compliance certificate. Company secretaries have been authorized to issue certificate regarding compliance of conditions of corporate governance. A company secretary in practice is authorized to attest documents & issue certificates under Companies Act 1956, Exim policy , SEBI Act etc.

Look out this place for more details about company secretary courses.