Career as company secretary in India
A Company Secretary is a well-respected position in a private sector company or public sector organization. Also known as Compliance Officers of the company or private sectors. It is a part of the key person of the company. It is generally named a corporate secretary. It is responsible for the administration of an organization.
It ensures that the company complies with relative legislation, and regulations & keeps all board members informed of their legal responsibilities. CS is representative of the company for their legal documents & also ensures that the company & its directors guide within the law.
It is also responsible for communicating with shareholders of the company, to assure that dividends are paid as per the company’s rules & norms. Also to maintain company records.
Roles & Responsibilities in organizations
Corporate secretaries in all fields have a high level of responsibility including organizational structures and procedures, corporate conduct within the corporate governance environment, board meetings, shareholders and trustees, compliance with legal requirements, regulation and listing, training and recruitment of non-executive and trustees, liaison with external regulatory agencies, reports and to shareholders/trustees, employee benefits managers such as pension and share schemes, insurance and corporate management, contract negotiation, risk management, property and organizational management and financial accounting.
Corporate secretaries are the main source of advice on business management and this can cover everything from legal advice on conflicts of interest to accounting advice on financial reporting to strategic development and business planning.
Among the public companies in North America, providing advice on corporate governance matters is the most important role of a business secretary. Many shareholders, especially institutional investors, view good corporate governance as essential to the smooth running of the board and the company’s operations. They talk a lot about encouraging boards to do regular business management reviews and issue written statements of corporate governance principles. The business secretary is usually the executive committee that assists directors in these efforts, provides information on the processes of other companies, and assists the board to adjust business management policies and procedures to meet board requirements and investor expectations. In some companies, the role of the business secretary as a business administration adviser is legal, with the title of Chief Governance Officer added to their current title.
Given the important role that the secretary of the company occupies in business, PLCs and large companies require that the company secretary be properly trained, knowledgeable and qualified for these duties.
In India, the “Institute of Company Secretaries of India” (ICSI) regulates the work of corporate secretaries. ICSI is an official professional body with more than 50,000 related members.
CS is appointed as chairpersons, executives, and directors who are not part of the executive council, as well as officers and secretaries of companies. Some employed secretaries are known in their companies as executives of companies or directors of company secretaries.
Many North American corporate secretaries are lawyers and some serve as general advisers to their organizations. While this may be helpful in performing their duties it may also create confusion as to what legal advice, is protected by a particular right, and what business advice is.
Benefits of being a company secretary in India
It takes the lead in all organizational matters including the security market, company law, company strategies, and related cases. Also, CS maintains compliance with the company’s rules and regulations.
The company secretary also has the responsibility to manage the company’s records. Apart from jobs, CS can expect a good pay of 30,000 to 50,000 per month from any Indian company.
Starting the Company as a secretary brings many responsibilities and besides, they play an important role in the corporate environment as they handle legal matters.
It is necessary before starting a CS job that you understand the role and be aware of the pros and cons associated with the position. The company secretary manages the company’s operations in a variety of ways and completes everything on time.
The importance of a company secretary is often felt when there are many corporate obligations regarding any compliance with the law.
CS Professional Profile
CS is a professional course. Upon graduation, a person gets a job with a reputable company. This degree can be completed as well as graduation and does not require your full-time involvement in the field as other degrees.
The Company Secretary has responsibility for meeting requirements & Deadlines. Management work needs to be done at such a time limit. It is not as difficult as other activities in which you feel stressed & experience health-related problems & Dissatisfaction at work.
Banks, Investment brokerages, Corporations, Charities, Hospitals, Software start-ups, & more hire Chartered Accountants in their organization.
Chartered Accountants can be found & analyzing financial reports or data anywhere money is involved or monitored.
Is CS really deal with a lot of paperwork?
There is a misconception that a company secretary deals with a lot of paperwork and has to spend a lot of time writing papers and hours writing long essays. But, in reality, with the advancement of technology, they only deal with software and hardware data stored in an electronic document format. With responsive web design, the function of CS firms becomes simpler and easier to bring more customers to it.
No age limit
There is no age limit that says students should not have been older than anyone else because anyone can face this competitive situation and strive for a degree. Someone with good work experience, attitude, good team player, and decision-making skills can get the chance to become a Company Secretary
High Job Satisfaction
Many people feel satisfied with their work and have many grievances such as salary, profile, information, and growth, but with the profile of the company secretary, all of these doubts remain unresolved. They hold a more authoritative position that provides opportunities and space for ideas and ideas.
This job offers many benefits and job satisfaction is one of them, CS gets a top management position at the beginning of the job. Therefore, they too receive recognition in a good work environment.
Time Flexibility
The Company Secretary has flexible working hours. For some jobs, it’s hard to balance work and life, but that’s not the case with a career in CS.
They can establish a good balance between personal and professional life as they do not have heavy working hours and pressure to deliver a project before the day. There is no need for extra time unless and until there is something very important about the documents and papers that need to be included as soon as possible. So, in a real sense, they are enjoying life and managing their precious family time and professional life equally.
Liaison with Higher Authorities
They usually deal with high officials. They achieve their reputation in the company from their colleagues. There is much to learn from senior officials as they have excellent experience in the field. With the involvement of management, their growth is guaranteed by the company.
Therefore, this is how the Company’s Secretary of Employment brings more benefits than other professional career profiles in India.
