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Company Secretary Scope In India

Jan 13, 2023 by Admin
Company Secretary Scope In India

Company Secretary is a certificate course of 3 years. The main aspects in which the Company Secretary course deals are the company's tax return, record keeping, advising the board of directors, and ensuring the company follows all the legal and statutory regulations. Company Secretary job opportunities in India have a great scope. They are a link between the company and the board of directors. According to the new law, every corporate company must have a CS certification if their annual capital exceeds 5 crores. Thus, there is an increased demand for company secretaries in the country.

CS is referred to as a highly respectable profession in India. The popular job designations for which a Company Secretary student can apply are:

  • Legal Department
  • Secretarial and corporate governance
  • Corporate restructuring
  • Foreign collaborations and joint venture
  • Arbitration financial management
  • Project planning
  • Capital market and investor relations
  • Due diligence
  • Corporate advisory services

Highlights of Company Secretary (CS)

Course

Highlights

Duration

3 years

Age limit

No age limit

Minimum Percentage

50%

Average course fees

Rs. 20,000 - 25,000 PA

Job areas

Legal advisor, Corporate Governance, Corporate restructuring, Foreign collaborations and joint venture, Arbitration, Financial management

Company Secretary Average Salary

3 LPA

Career Scope for a Company Secretary

The Company Secretaries are also called in-house lawyers. The Company Secretary's scope in the future is vast, and the major job roles available are legal counsellor, human resource manager, legal manager, and executive assistant. The students can also pursue CS courses through distance education. The list of several services in which a candidate of CS can make their career are:

  • Legal, secretarial and corporate governance
  • Foreign collaborations and joint venture
  • Corporate restructuring
  • Arbitration
  • Financial management
  • Project planning
  • Capital market and investor relations
  • Due diligence
  • Corporate advisory services

Recruitment Areas for Company Secretary

In India, various jobs are available for a company secretary graduate in the public and private sectors. CS job opportunities in India are high and in demand. Some of the top recruitment areas that hire CS graduates are:

  • College & Universities
  • Academic Institutions
  • Journalism, Editing, and Content
  • Sales and Marketing Firms
  • Multi-National Company

Company Secretary Salary Packages In India

Company Secretary scope and salary in India range between INR 1.5-3 LPA. The salary packages in India also depend on factors such as education level, skills, knowledge, experience, location, expertise, communication, etc.

Job Roles

Average Annual Salary

Legal manager

INR 3.5 LPA

Office Manager

INR 2.5 LPA

Information Systems Administrator

INR 3.5 LPA

Government jobs after Company Secretary

There are few government job opportunities for Company Secretary graduates. In the government sector, CS job opportunities increase with experience. The education level of the student also matters for the job.

Job Designation

Average Annual Salary

Project Planning

INR 4.6 LPA

Secretarial Role

INR 1.9 LPA

Financial Manager

INR 6.6 LPA

Private jobs after Company Secretary

In the private sector, CS graduates can apply in different fields. The student's experience, knowledge, skills, and education level should be good. Below mentioned are the top private companies that hire CS graduates:

  • Infosys Technologies Ltd.
  • HCL Infosystems Ltd.
  • Cisco Systems
  • Dell
  • Tata Infotech Ltd.
  • Apple Inc.

Abroad job opportunities for Company Secretary Graduate

The demand for Company Secretaries is high abroad. CS can interact with the company's board of directors because they must report directly to the company's board.

Job Profile

Average Salary

Food processing officer

USD 43,280

Computer Operator

USD 21,680

Accountant

USD 53,297

Automobile technician

USD 26,980

Vocational teacher

USD 53,748

Engineers

USD 112,442

Food technologist

USD 56,088

Advantages of Company Secretary Course

The demand for company secretaries in the market is high, and the trend is going upward. The advantages of becoming a company secretary are:

  • Direct contact with the company's board of directors
  • Decent salary packages
  • Respected job

Career Options After Completing Company Secretary

Company secretary career options will depend on the interest of the student. The course includes law, taxation, accounts, and many more subjects. Students can opt for the CS course when deciding which field they want to grow their careers. There are several services that a company secretary makes in their career as an independent professional.

  • Legal secretarial
  • Corporate governance
  • Corporate restructuring
  • Foreign collaborations and joint venture
  • Project planning
  • Arbitration
  • Financial management
  • Due diligence
  • Capital market and investor relations
  • Corporate advisory services

What are the main responsibilities of a company secretary?

The key duties of a company secretary are:

  • Maintenance of company records and tax returns, advising the board of directors for legal obligations and compliance with statutory legislation.
  • Form a link between the company and the board of directors, stakeholders, clients, etc.
  • Ensures the completion of the procedures and regularly reviews them.
  • Guide the Chairman and the Directors of the organization to handle their responsibilities carefully, as mentioned in in-laws.
  • Responsible for audits of secretary compliance and certification services.
  • The CS represents the company before the law board, consumer forums, tax tribunals, etc.
  • Advise the organizations about the management and planning of tax under income tax.
  • Counsel the company about share problems and other securities all over the world.
  • Help resolve prospectus drafting, sale offers, and other documents related to securities issues.

Skills Required to Become a Best Company Secretary

A student who enrols in the CS course should enhance their skills and knowledge during the course to become the best company secretary graduate. The student needs to attend the live classes because, along with the studies, the lecturer also shares real-life experiences. Some of the major skill sets that a candidate should have:

  • Excellent communication skills
  • Quantitative skills
  • Time management skills
  • Ability to work under pressure
  • Sharp mind
  • Focused

Reasons to Choose Company Secretary Course

A student should research completely about the Company Secretary course before taking admission. They should know the course details to choose the right path for themselves. Why should one choose a CS course?

  • High Job Opportunities Availability
  • Specialization based course
  • Industry relevant syllabus
  • Industry-standard income
  • Internship opportunities

Job Descriptions of Company Secretary in India

The major job profiles with descriptions to which a CS candidate can apply are:

  • Company Registrar - One of the important but critical members of the organization.
  • Legal Advisor - The role of a legal advisor is to assist the company during legal disagreements or questions.
  • Corporate Policymaker - The function of a corporate policymaker is to make strategies for a company's short-term and long-term goals.
  • Chief Administrative Officer - The general management process and functions are checked and handled by the chief administrative officer.
  • Principal Secretary - The principal secretary handles all the facilities and services of company meetings. For example - board meetings, annual general meetings, private meetings, government delegations meetings, etc.
  • Corporate Planner - The role of a corporate planner is to maintain the company's growth prospects.
  • Managing Director - The major role that a managing director plays is to carry the responsibility of the company's board of directors. They provide secretarial and professional guidance.