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Wednesday, July 6, 2011
CAREER OPTIONS: Great demand for Company Secretary!
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Students huddle before an exam. File photo - The Hindu.
The Company Secretary assists various departments and advises directors on statutory requirements of the company
With the Indian corporate sector witnessing an exponential growth, the demand for qualified professionals who can take up specialised corporate functions has increased. A Company Secretary (CS) is one such professional. Companies with a paid up share capital of Rs.5 crore or more and all companies seeking listing on the stock exchange are required to appoint a full-time Company Secretary.
The Institute of Company Secretaries of India (ICSI), which has been constituted under an Act of Parliament i.e., the Company Secretaries Act, 1980, is involved in developing and regulating this profession. The ICSI has its headquarters in New Delhi, four Regional Councils at New Delhi, Chennai, Kolkata and Mumbai, and 68 Chapters spread across the country.
The Company Secretary assists various departments such as accounts, finance, legal, human resource and administration, and advises directors on statutory requirements of the company.
A CS maintains company records, arranges meetings, plans and manages taxes, assesses loans and investment options and explores expansion, merger, joint ventures and acquisition opportunities.