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Scope of CS – Company Secretary

In today’s twenty-first century, there is a great demand for displaying corporate credibility and transparency in managing the internal affairs of the organization. The top-notch executive level is busy managing the general working and functioning of the organisation.

Hence, there is a large scope of CS or Company Secretary as the new challenges in business can only be shouldered by highly competent and qualified professionals. The role of a Company Secretary in a professional and business set up is to give advice on the legal matters of the business. The job and scope of CS is a promising one with high growth and hefty remuneration, which gives more flexibility for an individual to improve.

The career opportunities and scope of CS are very vast as one can find a job in the field of the private sector, public sector, banks, stock exchange, law firms, and other financial institutions. The Company Secretary works as traditional support for the administrative block of the organization as well as taking care of corporate governance and successful implementation of the decisions.

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CS Eligibility Criteria

The CS scope in India is increasing because of many emerging firms in the corporate world. For dealing with the security laws, corporate laws and ensuring organizations legal and financial acceptance a firm strictly requires a Company Secretary.

A candidate who opts for the course has to have an intermediate level qualification and has to pass the Foundation, Intermediate, and the professional. After, Completing Inter level one has to go under Articleship of 15 months in various firms. Click here to know about the firms providing Articleship.

Scope of CS in India

The CS scope in India is widening for the emergence of institutions like the Institute of Company Secretaries of India (ICSI) with its headquarters in Delhi, Kolkata, Mumbai, and Chennai. The ICSI develops and regulates the profession of Company Secretary by conducting the examination.

In the global scenario, there is a large focus on the corporate sector and growth in the corporate sector leads to the involvement of legalities and legal complications.

Not only in the private sector, but the government of India also provides Company Secretary Career scope. Government Financial Institutions, Stock Exchanges, Bureau of Public Enterprise, Law services in Nationalised Banks, Department of Company Affairs are some wide scopes of CS in India.

There is a large CS scope in India as they acquire training which makes them versatile enough to carry out functions in the field of finance, operations, human resource, and legal administration. There is a long way ahead for Company Secretary, as students can join the course just after completing their secondary education or plus two.

The eligibility limit of CS in India has been lowered and the CS Career scope has increased as the course deals with the legal aspects of the company were at the managerial level one has to directly report to the Board of Directors.

Key Responsibilities of a CS Qualified

A Company Secretary holds a very respectable and key position in the top management of the company. Incorporation, Formation, Amalgamation, Promotion, Reorganisation, formation and winding up of the company are some of the key responsibilities which an individual has to carry out is a Company Secretary in an organization.

The increase in the unethical practices in the corporate world and government bodies increases the demand and CS Career Scope. A Company Secretary Job is one with a high reputation as well as high salary in today’s world. An Individual having the high legal aptitude, good communication skill, critical thinking, and problem-solving skills can excel and can achieve greater success in this field.

FAQs regarding scope of CS

What are the key responsibilities of a Company Secretary?

Incorporation, Formation, Amalgamation, Promotion, Reorganisation, formation and winding up of the company are some of the key responsibilities of a CS.

What is the future prospect for Company Secretaries in India?
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Given the account of growth in our country’s financial might, the trained company secretaries are in great demand. Numerous foreign companies looking forward to having their installation in India, ever happening corporate activities like expansions, mergers, collaboration, joint ventures, and acquisitions will make sure that there are enough CS job opportunities in India.

Is Company Secretary a suitable career choice for me?

CS is a suitable career option for you if you have good judgmental quality, legal aptitude, administrative ability, interest in current affairs backed with good communication skills.

What is the eligibility criteria for CS Foundation?

1) CS Foundation program – Candidates with 10 +2 pass or equivalent students except Fine-Arts can pursue the level.
2) CS Executive program –Candidates who are graduates of all streams, except Fie-Arts can directly pursue the Executive level.
3) CS Professional Level – Only the candidates who have passed the Executive level can pursue the Professional level program.

How much salary do Company Secretaries get?

In India, the monthly starting salary can range anywhere between Rs. 28,000 and Rs. 40,000. Also, there is a lot of room for increments. Company secretaries generally also receive several non-monetary benefits including holidays with pay, insurance, and access to credit for housing and transport as well as sick leaves. One of the main reasons why people opt for this career path is because of the high earning potential within the field.

Few Important Links for CS Students

CS SyllabusCS Question PaperCS Result
CS RegistrationCS Previous Year PaperCS Admit Card
CS Exam DatesCS Solved Paper/ Suggested AnswerCS Application Dates

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