Nowadays everybody is worried about Company Secretary Profession especially after release of KMP appointment rules by ministry of Corporate Affairs. But honestly there is no much to worry.
I think that new Companies Act will take the profession to new heights with the concept of KMP. It is a fact that Companies Act, 2013 has done away the with requirement of compliance certificate for small companies and pre certification of certain E-forms and Secretarial Audit is mandatory only for big Companies. But one should understand that concept like Secretarial Audit is all together is a new opportunity.
We should not think that we are just dependent on Companies Act. There are so many other laws such as FEMA, SEBI, DEPOSITORY, LABOUR LAWS, SERVICE TAX, VAT etc where we can make our career, so there is nothing to worry. Further MCA has recognized the importance of all these Acts with respect to Company Secretary Profession.
Actually on Social networking System few people are doing negative publicity. Those who think CS profession is all about ROC Form filing and secretarial work are actually worried....One should study properly and touch various branches/aspects of the profession like Foreign and International Law, Finance and Taxation and most importantly Legal.
Enhanced compliance provisions under new Companies Act, 2013 will surely help Company Secretaries in one way or other. So there is nothing to worry.
Thanks
CS Ankur Garg
CAclubindia
