Company Secretary : Simple and Easy Information Guide for 2022

Company Secretary popularly known as CS is the most popular course for the students in commerce streams. However, students of all fields can apply for the company secretary course.

 

The company secretary course is offered by the Institute of Company Secretaries of India (ICSI). The Institute of Company Secretaries of India constituted under the Company Secretaries Act, 1980, is a government-recognized professional body in India to develop and regulate the profession of Company Secretaries and produces the Company Secretaries in India.  Company Secretary is the most pivotal post in a company, they are considered as the concise seeker of the company. They are responsible for handling the legal aspect of the firm.

 

The Institute of Company Secretaries of India provides training to the candidates aspiring to pursue CS. The CS programmes are conducted at three levels by ICSI.

 

Company Secretary: Level of Exam

 

  1. CS Executive Entrance Test (CSEET), previously called as Foundation Programme
  2. Executive Programme
  3. Professional Programme

 

Company Secretary: Course Duration 

The following are the details of the course duration

 

Level

Course

Duration

1 CSEET (erstwhile Foundation Programme) 8 months
2 Executive Programme 9 months
3 Professional Programme 10 months
4 Training 15 months

 

Company Secretary: Exam Highlights

 

Highlights

Details

Exam Name ICSI  CS Exam
Exam Conducting Body Institute of Company Secretaries of India
Exam Level National
Exam Frequency Twice a year
Exam Mode Online & Offline
Exam Purpose Training and certifying Company Secretaries of India
Courses Offered Company Secretary Certification
Official Website https://www.icsi.edu/home/

 

Company Secretary: Skillset Needed

There are some skillsets needed for becoming a Company secretary. They are as follows:

  1. Strong Communication Skills
  2. Expertise in Company Law
  3. Good command over written and spoken English
  4. Good time management and multitasking
  5. Proficient with numbers
  6. Demanding planner

 

Company Secretary: Advantages and Disadvantages 

 

Advantages

Disadvantages

The demand for CS is increasing ICSI has no recognition abroad
Growth is very high with good remunerations A lot of pressure with huge responsibilities

 

Company Secretary: Job Roles 

  • Company Registrar
  • Legal Advisor
  • Chief Administrative Officer
  • Corporate Planner
  • Principal Secretary
  • Corporate Policymaker
  • Member of Board of Directors
  • Top Colleges to Pursue

 

  1. Long Term Internship Programme or Practical or Articleship Training: This is a long-term internship programme where you have to train under specified entities. The duration of the programme is either one, two or three years depending on when the training commences. We will talk more about this later. You can also gain exemptions from this training depending on your work experience
  2. Management Skills Orientation Programme (MSOP): The ICSI MSOPis a 15-day programme to be taken after completion of all training/exemptions from

In today’s blog, we’ll be focusing on CS Practical Training and what it has to offer, and what you can expect.

 

What is CS Practical Training?

The CS Practical Training programme is a long term internship program where you train under one of the following entities:

  • With a company having a minimum paid-up share capital of Rupees fifty lakhs
  • With a Company Secretary in Practice
  • With the Ministry of Corporate Affairs, Registrar of Companies, Regional Directors, Official Liquidator, Banks, Law Firms, Consultancy Firms, Financial Institutions, LLPs, Government Bodies & Departments, PSU.

 

Note: You need to make sure that the Companies, Company Secretaries in Practice, and other organizations are registered with the Institute for imparting training.

 

Duration of CS Practical Training

Now, depending on when you start your practical training, the duration varies. The table below shows the breakdown:

Duration of CS Practical Training

Particulars

Duration

After registration to CS Executive programme 3 years’ training required
After passing CS Executive programme 2 years’ training required
After passing CS Professional Exam 1-year training required

 

Now, during the training, you will need to submit quarterly reports and project reports. Let’s look at what those are.

 

Quarterly Report and Project Report

You need to submit a project report every 3 months during the training programme. This works out to be:

  • 4 reports for the one-year training programme
  • 8 reports for the two-year training programme
  • 12 reports for the three-year training programme

 

Also, at the end of your training, you will need to submit a final project report on any subject/topic assigned by your trainer.

 

If you are eligible for exemption, fill up and submit a CS Practical Training Exemption form along with these documents

 

CS Executive Entrance Test (CSEET )

CS Foundation course has been scrapped.  CSEET is the new replacement for the foundation exam.  CSEET is the mandatory qualifying test for all categories of students for registration to the CS Executive Programme except with a few exceptions.

 

company secretary

 

Eligibility Criteria of CSEET

  • A candidate appearing /passed in the Senior Secondary (10+2) examinations or equivalent thereto is eligible to appear for CSEET.
  • Graduates and postgraduates in any stream from a recognized university or its equivalent are eligible to register directly to the CS Executive program, but are also required to pass the CSEET to become is eligible for registration for the Executive programme.

Exemptions:

  • Candidates who have passed CS Foundation Programme are exempted from CSEET without the payment of any exemption fees.
  • Candidates who have passed the Final Examination of the Institute of Chartered Accountants of India (ICAI) and /or The Institute of Cost Accountants of India (ICMAI) are exempted from CSEET and shall have to pay Rs. 5000 as an exemption fee at the time of registration to CS Executive Programme.

 

CSEET Exam Pattern

The CSEET consists of Computer Based Test and Viva-Voice. CSEET is an Objective type or Multiple choice question and Viva Voice is a written and communication skill test.

CSEET – Computer Based Test (CBT)

Subjects

Number of Questions Total Marks

Duration

Business Communication 35 50 120 minutes
Legal Aptitude and Logical Reasoning 35 50
Economic and Business Environment 35 50
Current Affairs 15 20
CSEET – Viva Voice
Presentation & Communication Skills 30 15 minutes
Total 200 135 minutes

Note: There is no negative marking in CSEET.

 

Final Score: The Final score will be calculated by adding the marks secured by the candidates in both the Computer-based test and Viva’s voice.

CSEET Passing Criteria: Candidates will be declared as PASS on scoring 40% in each paper and 50% marks in aggregate.

 

CS Executive Programme 

This is the second stage of the CS. The candidate who has cleared the CSEET exam is eligible to apply for CS Executive Programme. It is conducted by the Institute of Company Secretaries of India (ICSI).

 

 

CS Executive Programme Highlights

Highlights Details
Exam Name CS Executive Programme
Exam Conducting Body Institute of Company Secretaries of India
Exam Level National
Exam Frequency Twice a year
Exam Mode Pen & Paper Based (Offline)
Exam Duration 3 hours
Exam Medium English & Hindi
Exam Purpose Training and certifying Company Secretaries of India
Courses Offered Company Secretary Certification
Official Website https://www.icsi.edu/home/

 

Eligibility Criteria of CS Executive Programme

Age Limit: The candidate should be 17 years or more on the date of application.

Qualification:

  • A candidate must have passed the CSEET for registering in CS Executive Programme.
  • Graduates and postgraduates in any stream from a recognized university or its equivalent are eligible for registration in CS Executive program.

Exemption

  • Candidates who have passed the entrance examination of the Institute of Chartered Accountants of India( ICAI) or the Institute of Cost Accountants of India (ICMAI) can register directly for the Executive program.
  • Graduate in any discipline except Fine Arts, candidates can register directly for the Executive program.
  • Candidates who have cleared the CA CPT of ICAI or Foundation Examination of ICAI (erstwhile ICWAI) can register directly for the Executive program.

 

CS Executive Programme Exam Pattern

Highlights Details
Exam Mode Pen & Paper Based (Offline)
Exam Duration 3 hours
Exam Medium English & Hindi
Exam Format Objective & Subjective
Number of Paper 2 Modules -4 papers in each modules
Number of Questions Objective Paper: 100 MCQs

Subjective Paper: 6 questions each divided in 4 parts

Marking Scheme 0.25 mark deducted for each wrong answer

 

Subjectwise Exam Pattern

Paper Subjects Format Marks Duration
Paper 1 Jurisprudence, Interpretation and General Laws (Module -1) Subjective 100 3 hours
Paper 2 Securities Laws and Capital Markets (Module-2) Subjective 100
Paper 3 Company Law (Module-1) Subjective 100
Paper 4 Economic, Business and Commercial Laws (Module-2) Subjective 100
Paper 5 Setting up of Business Entities and Closure (Module-2) Subjective 100
Paper 6 Corporate and Management Accounting (Module-1) Objective 100
Paper 7 Tax Laws (Module-1) Objective 100
Paper 8 Financial and Strategic Management (Module-2) Objective 100

 

CS Executive Programme Passing Criteria

  • Candidates need to score a minimum of 40 marks in each subject.
  • The aggregate should be a minimum of 200 marks in each module.
  • For both the group the total should be a minimum of 400 marks

 

CS Professional Programme

The candidate must go through three stages of examination for becoming a Company Secretary. The Professional programme is the final stage of the Company Secretary three-year professional exam. The exam is conducted by ICSI and it is the toughest exam of all three exams. It has a vast syllabus having three modules.

 

CS Professional  Programme Highlights

Highlights Details
Exam Name CS Professional Programme
Exam Conducting Body Institute of Company Secretaries of India
Exam Level National
Exam Frequency Twice a year
Exam Mode Pen & Paper Based (Offline)
Exam Duration 3 hours each paper
Exam Medium English & Hindi
Exam Purpose Training and certifying Company Secretaries of India
Courses Offered Company Secretary Certification
Official Website https://www.icsi.edu/home/

 

Eligibility Criteria 

  • The candidate must qualify both groups of the CS Executive Programme.
  • A minimum of 8 months gap is needed between the registration and the CS Professional Examination.

 

CS Professional Programme Exam Pattern

Highlights Details
Exam Mode Pen & Paper Based (Offline)
Exam Duration 3 hours
Exam Medium English & Hindi
Exam Format Objective & Subjective
Number of Paper 9

 

Subjectwise Exam Pattern

Module 1
Paper 1: Part Subjects Marks
Part 1 Governance 50
Part 2 Risk Management 20
Part 3 Compliance 20
Part 4 Ethics & Sustainability 10
Paper 2
Part 1 Indirect Taxes 70
Goods and Service Taxes (GST) 60
Custom Laws 10
Part 2 Direct Taxes & International Taxation 30
Paper 3 Drafting, Appearance, and Pleadings( DAP) 100
Module 2
Paper 4
Part 1 Compliance Management 40
Part 2 Secretarial Audit & Due Diligence 60
Paper 5
Part 1 Corporate Restructuring 50
Part 2 Insolvency & Liquidation 50
Paper 6 Resolution of Corporates Disputes, Non-Compliance & Remedies (RCDNCR) 100
Module 3
Paper 7
Part 1 Corporate Funding 60
Part 2 Listing in Stock Exchange 40
Paper 8 Multidisciplinary Case Studies 100
Paper 9 Electives – 1 out of 8

1.       Banking: Law & Practice (BLP)

2.       Insurance: Law & Practice (ILP)

3.       Intellectual Property Rights-Law & Practice (IPRLP)

4.       Forensic Audit (FA)

5.       Direct Tax Law & Practice (DTLP)

6.       Labor Law & Practice (LLP)

7.       Valuation & Business Modelling (VBM)

8.       Insolvency- Law & Practice (ILP)

100 each

Note: Paper 8 & Paper 9 will be an Open book examination.

 

CS Professional Programme Passing Criteria

After qualifying for the Professional Examination the candidate has to undergo 15 months of Management Training in Companies sponsored by the Institute under the guidance of a Company Secretary in Practice.

 

On clearing all the three stages of the CS program and successful completion of the training, a candidate gets the membership of ICSI to become a Company Secretary.  Candidates get admitted as an Associate Member of the ICSI and can use Associate Company Secretary (ACS) after their name.

 

CS Course Duration

  1. Foundation Programme: The Course Duration of the CS Foundation Programme is 8 Months. The Course Completion should be passed within the time limit of 3 years from the period of admission.
  2. Executive Programme: The Course Duration of the CS Executive Programme is 9 months.
  3. Professional Programme: The Course Duration of the CS Professional Programme is 10 months.

 

Getting into a good college is a dream, you need lots of planning and research.

 

Career Planning plays an important role in shaping your career, so is the planning to choose the best suitable option for yourself. You need to focus on various aspects before jumping into a final decision.

 

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