Everybody has some career goals in mind. Something they are thinking of doing or becoming. For commerce students, there are many avenues where they can build up a good career in the future. Company secretary course is one such course which can be taken as a profession.
A company secretary is someone who acts as a moderator between the shareholders, government, regulatory authorities and the company and its board of directors. Company secretary’s role is to make sure that board procedures are timely followed, reviewed and revised. Not only that, a company secretary also acts as a guide for the Directors and the Chairman by instructing them on how to make the best use of their responsibilities under each circumstance.
The Institute of Company Secretaries of India (ICSI) develops and regulates the profession of Company Secretaries in the country. Every company with a paid up capital of Rs. 5 crores or more needs to appoint a whole time company secretary.
So, here are some points which you’ll need to know before choosing a Company Secretary as a career.
What Is The Career Scope?
Scope of Company Secretary is becoming very broad with the growth in the corporate world. One can get into highly paid positions in the private and public sectors, various banks and financial institutions, the Department of Company Affairs, stock exchanges, company law boards and government departments.
Companies will pay handsome packages to you if you’re excellent & committed to your work. Also, you may get exceptional job opportunities in other countries as well after completion of this course. You may even go for independent practice if you wish to start your own firm.
Career Growth
The job positions begin with Junior Secretarial officer, Company Secretary, to the Financial Advisor, keeping in consideration the internal hierarchical order of the organization. However, with more experience, one can always go higher up the growth ladder leading to heading the Legal department of a firm and even becoming a Director or Managing Director. With the proper set of knowledge and skills, one can easily advance in his/her career in this particular field.
Roles and Responsibilities
As mentioned above, a company secretary acts as a mediator between the company and its board of directors. Company secretaries are more involved in formulating policies for the company, keeping record of all the legal matters, managing public issues, dealing with mergers and acquisitions or joint ventures and the likes. They also act as liaison agents, negotiating with various government bodies.
Moreover, any changes taking place in the organization have to be under company secretary’s supervision, who will record it for future reference and keep it well maintained as well.
Package
There’s no denying the fact that Company Secretary is one of the best paid jobs in our country. Even those who have their own practice earn handsomely. A fresher can easily earn a salary up to 3-5 lakh /annum. Having said that it is very imperative to know that packages also depend on what are the candidate’s capabilities. A well deserving candidate having profound knowledge of the domain can earn substantially good amount of money.
There is a huge demand of Company Secretaries in countries like UK, USA and some western countries. So, one can not only search the options of practicing or working here but also can explore chances to work out of the country.
A company secretary is one of the most important part of the organization. In large corporate, the decision making usually takes place through a company secretary. He has the full authority to take decisions in the interest of the organization pertaining to the legal matters.
Manjit Banga is a mentor of Banga Tutorials who is managing and teaching a renowned commerce coaching institute in Vadodara. Contact him if you want to take up a career in Company Secretary.
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