The Institute of Company Secretaries of India awards Company Secretary (CS) to a candidate qualifying for the membership of the Institute.
Company Secretaries set up the contours for Board deliberations and ensuring regulatory compliance with regard to decisions. They serve as governance professionals. A good corporate governance is the main key to increasing reputation and profits.
To know more click here to visit ICSI site.
CS Foundation
It is an entry-level test for Company Secretary course, which is held twice in a year in the months of June and December.
CS Executive
The next step after foundation examination is Executive Level Course. It is an intermediate level test for Company Secretary course, which is held twice in a year in the months of May and November.
CS Professional
The last level to qualify as Company Secretary course is Professional, which has been designed to impart expert knowledge in the field.
Eligibility:
- You must have passed 10+ 2 examination or equivalent from a recognized institution.
- In case the result of class XII has not been declared at the time of registering for CS Foundation, the students can apply for provisional registration.
- You should have completed 8 months from the Date of Admission for the CS Course.
- For, December exams the cut-off date to get registered is 31st March.
- For, June exams the cut-off date to get registered is 30th August.
Test Details
- Foundation results are announced in the following month of the exam.
- Passing criteria — 30 marks in each paper & 50% in total.
Session 1:
Two Sections – 90 Minutes – 200 Marks
- Business Environment and Law (100 marks)
- Business Management, Ethics and Entrepreneurship (100 marks)
Session 2
Two Sections – 90 Minutes – 200 Marks
- Business Economics (100 marks)
- Fundamentals of Accounting and Auditing (100 marks)
Eligibility:
- Clear Foundation Programme/Graduates from all disciplines except Fine Arts can directly enroll.
- A student appearing in the month of December the cutoff date to get registered is 31st March.
- A student appearing in the month of June the cut-off date to get registered is 31st August.
- 1 year needs to be completed within 5 years of registration for the Executive Programme.
Test Details
MODULE 1 – 100 Marks each paper
- Jurisprudence, Interpretation & General Laws
- Company Law
- Setting up of Business Entities and Closure
- Tax Laws
MODULE 2 – 100 Marks each paper
- Corporate & Management Accounting
- Securities Laws & Capital Markets
- Economic, Business and Commercial Laws
- Financial and Strategic Management
Eligibility:
- Cleared Executive Program.
- Duration 1 year.
- Needs to be completed within 5 years of registration for the Executive Program.
Test Details
MODULE 1 – 100 marks each paper
- Governance, Risk Management, Compliances and Ethics
- Advance Tax Laws
- Drafting, Pleadings and Appearances
MODULE 2 – 100 marks each paper
- Secretarial Audit, Compliance Management and Due Diligence
- Corporate Restructuring, Insolvency, Liquidation & Winding-up
- Resolution of Corporate Disputes,Non-Compliances & Remedies
MODULE 3 – 100 marks each paper
- Corporate Funding & Listings in Stock Exchanges
- Multidisciplinary Case Studies (The examination for this paper
will be open book examination) - Elective Paper
MODULE 3 – Electives 1 out of 5 subjects
100 marks any one paper
- Banking – Law & Practice
- Insurance– Law & Practice
- Intellectual Property Rights– Laws and Practices
- Forensic Audit
- Direct Tax Law & Practice
- Labour Laws & Practice
- Valuations & Business Modelling
- Insolvency – Law and Practice
After clearing the Executive/Professional Program, students are compulsorily required to undergo 15 months of practical training in a company or under a Advisory board and faculty.
A qualified CS can either be employed by a company or can start his/her own practice. As per section 383A of the Companies Act 1956, it is mandatory for companies with a paid up share capital of Rs.5 crores or more to appoint a Company Secretary. A CS to start practice requires a Certificate of Practice (CoP) from ICSI (after having qualified as a CS).
- Corporate governance services
- Corporate secretarial services
- Secretarial/compliance audit and certification services
- Corporate laws advisory services
- Representation services
- Arbitration and conciliation services
- Financial markets services
- Public issue, listing and securities management
- Takeover code and insider trading
- Securities compliance and certification services
- Banking services
- Finance and accounting services
- Taxation services
- International trade and wto services
- Information technology
- Corporate communications and public relations
- Human resources management
With experience one can go up to heading a Legal and Secretarial Department of a firm and even rising to the post of Director, Managing Director or Chairman.
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