Education in India : Company Secretary

Looking for a Career Option as a Company Secretary ? This section features Company
Secretary as a career option, elaborated with reference to the job profile, personality traits
required, the courses and training involved, premier institutions and future prospects.

A company secretary�s role starts from the very moment when the idea of formation of a
Company is conceived. Although the idea of formation of a company Secretary (CS) may vary
from company to company the knowledge and training acquired by company secretaries make
them versatile to carry out various functions in Finance, Accounts, Legal Administration and
Personnel areas in addition to their own secretarial duties and responsibilities.

A company secretary is recognized as one of the principal officers of the company by various
enactments. Company secretaries, thus occupy a pivotal and versatile position in companies.
Companies having a paid up share capital of above Rs. 50 lakhs for more are statutorily required
to appoint a whole-time CS.

Personality Traits

Administrative ability, common sense and good judgment, legal aptitude, numerical ability, tact,
discretion, interest in current affairs brevity and clarity in expression, confidential and assured
manner and being systematic are useful traits foe an aspiring company secretary.

Company secretaries hold key positions, attend board meetings and have access to top level
plans and secrets; they must therefore exercise tact and discretion and be loyal to the company.

Courses/Training

Professional studies towards becoming a company secretary can commence right after
completion of the plus two level of education through the foundation course. Foundation Course
students are required to pass the Foundation Examination within 3 years from the day of
admission. Candidates who have passed the Foundation examination or is exempted there from
can seek registration as a student for the intermediate course. A registered student is admitted to
the Final Course on passing the intermediate examination.

I. Foundation course
 Duration of Foundation Course is 8 months. Students are required to pass the Foundation
examination within 3 years from the date of their admission. Candidates who have passed
senior secondary (10+2) can apply for foundation course. Registration for foundation
course is open through out the year. The exams for the foundation course are held in
December and June. To appear for the exams in December candidate should apply for the
exam before the previous march. Similarly to appear for the June exam, candidate should
apply before the previous September. i.e the Registration for each examination should be
done at least nine months before the month in which the examination is held.

Subjects

o English and Business Communication (FCEBC)

o Basic Economics and Business Environment (FCBE-BE)
o Financial Accounting (FCFA)
o Elements of Business Laws and Management (FERBAM)
o Information Systems and Quantitative Techniques (FCISQT)
II. Intermediate course

Candidates who have passed the foundation course, and are not less than 17 years of age
can apply for intermediate course. Graduates, post-graduates (excluding fine arts) and
those who have passed final exam of ICWAI or ICAI or of any other accountancy
Institution in India or abroad recognised by the Council of the Institute can directly enroll
to the intermediate course without doing foundation course. Intermediate course consist
of two groups. Candidates registered for intermediate course including the month of
February in a year are eligible for appearing in both the groups of the Intermediate
examination held in December of that year and those registered up to and including the
month of August in a year are eligible to appear in the Intermediate examination held in
June of next year.

Subjects

Group I

o General and Commercial Laws (IGCL)

o Company Accounts and Cost & Management Accounting (ICA&CMA)
o Tax Laws (ITL)
o Management Information Systems and Corporate Communication (IMIS&CC)

Group II

o Company Law (ICL)

o Company Secretarial Practice (ICSP)
o Economic, Labour and Industrial Laws (IELIL)
o Securities Laws and Regulation of Financial Markets (ISLRFM)
 A candidate can get exemption for some individual papers on the basis of qualification

1. Company Accounts and Cost & Management Accounting (ICA&CMA) - Master

of Corporate Secretaryship/M.Com./M.B.A (with Accountancy as one of the
subjects at B.A (C.S)/B.Com. level with full paper in Cost
Accounting/Management Accounting/Financial Management at Master of
Corporate Secretaryship/M.Com./M.B.A. level and must have secured fifty per
cent marks in the subject concerned of a recognised university is exempted from
this subject .
2. General and Commercial Laws (IGCL) - A degree in Law or Master of Corporate
Secretaryship is exempted from this subject.
3. Tax Laws(ITL) - Master of Corporate Secretaryship is exempted from this
subject.

A Candidate who has passed the Final examination of the ICWAI is eligible to seek
exemption from the following papers of Intermediate examination under a reciprocal
arrangement existing at present between the two Institutes- Company Accounts and Cost
& Management Accounting (ICA&CMA), Tax Laws(ITL)in the intermediate level.
Financial, Treasury and Forex Management, Direct and Indirect Taxation - Law and
Practice in the final level.

. Final course

A student is admitted to the Final examination only after a minimum period of nine
months after passing intermediate examination. The examinations are conducted twice a
year in June and December. Last date for enrolment applications for the final examination
is 25th March (with late fee of Rs. 100, 9th April) for June examination and 25th
September (with late fee of Rs. 100, 10th October) for December examination.

Subjects

Group I

o Advanced Company Law and Practice (FACLP)

o Secretarial Practice relating to Economic Laws and Drafting and Conveyancing
(FSPELDC)
o Secretarial Management and Systems Audit (FSMSA)

Group II

o Financial, Treasury and Forex Management (FFTFM)

o Corporate Restructuring-Law and Practice (FCRLP)
o Banking and Insurance-Law and Practice (FBILP)

Group III
 o WTO-International Trade, Joint Ventures and Foreign Collaborations (FWTO)
o Direct and Indirect Taxation-Law and Practice (FDITLP)
o Human Resource Management and Industrial Relations (FHRMIR)

Training

The CS course is complete after students have undergone 16 months practical and modular
training in order to apprise the students with the functioning of the Corporate Sector and to create
a cadre of professional Company Secretaries having a sound theoretical base and practical
exposure to serve trade and industry effectively, both as a part of the management team as well
as independent practicing professionals.

Institutions

Please click here for the list of the Secretarial Institutes in India.

 Secretary Colleges in Maharashtra (1)

 Secretary Colleges in New Delhi (2)
 Secretary Colleges in Tamil Nadu (1)
 Secretary Colleges in West Bengal (1)

Placements And Prospects

Qualified company secretaries can find well-paid positions in the private sector and public
corporate sector, banks and financial institutions, stock exchanges, the Department of Company
Affairs, company law boards and government departments. The larger the company and the
wider its field activity, the better the emoluments earned by the CS. private consultancy jobs are
a very lucrative option.

Liberalisation and globalisation have a massive boost to corporate activity and along with it the
openings for company secretaries continue to grow. In the present age of mergers, acquisitions,
and tie-ups this profession looks forward to rich dividends.

Th Employment Avenues for a Company Secretary can be any of the following

 Small firms usually employ company secretaries on retainership basis for professional
advice and support e.g licences, registrations, loans, taxes, partnership deeds etc. There is
plenty of scope for specialisation and moving into general management and
administration at the highest level in business houses or CS firms. The job positions
begin with Junior Secretarial officer, Company Secretary, to Financial Advisor.
 Membership of the Institute is the only prescribed qualification which a person must
possess for appointment as company secretary in such a company. Even in the case of a
company having a paid-up share capital of less than Rs 50 lakh, if it appoints a secretary,
he/she should possess one of the prescribed qualifications, which include having passed
the Intermediate Examination of the Institute. Also, all companies seeking listing on
stock exchange are required to have a full-time qualified company secretary.
 Membership of the Institute has been recognised by the Ministry of Education,
Government of India, for appointment to superior posts and services under the Central
Government. It is also one of the essential qualifications for recruitment to Grades I to IV
in the Accounts Branch of the Central Company Law Service of the Department of
Company Affairs. Specialists in banks in the fields of Finance, Accounts, Law and
Merchant Banking.
 Almost every kind of organisation whose affairs are conducted by boards, councils and
other corporate structures, be it a company, cooperative society, trust, society,
association, federation, authority, commission, board or the like, finds it useful to appoint
a person who holds the qualification of company secretaryship in key administrative
positions. Department of Personnel and Administrative Reforms of the Central
Government empanels company secretaries for assignment of Indian experts to the
developing countries of Asia, Africa and Latin America.
MEANING OF A COMPANY SECRETARY

A secretary is a representative of the company who is selected to carry out the ministerial or
administrative duties. He is mainly anxious to make sure that the relationships of the company are
accomplished according to the provisos of the Companies Act and articles of association of the
company.

The Indian Companies Act, 1956 (as amended by the Companies Amendment Act, 1974) in Section 2(45)
has expressed the term secretary as "any individual, possessing the prescribed qualifications, appointed
to perform the duties which may be per by a secretary under the Act and any other ministerial or
administrative duties".

The definition of Company secretary has given various points of concern they are that a person can only
be appointed as a company secretary rather than the firm, he or she should have the qualifications
prescribed by the Central Government and the duties have ministerial or administrative nature.

QUALIFICATIONS OFA COMPANY SECRETARY

Section 2(45) of the Companies Act has given the guidelines for the qualifications of a company
secretary. Under Section 383-A of the Act states that company with a paid up share capital should
appoint a whole time secretary

There are two qualifications of company who can appoint secretary are the company having a paid up
share capital of Rs.2 crores or more and the other one is that those companies having lesser paid up
share capital.

Companies having a paid up share capital of less than Rs.2 crores

As it is not an easy appoint company secretary with the companies having a paid up share capital of less
than Rs.2 crores might not appoint a whole-time secretary.

An individual having one or more of the following qualification be able to be appointed as a secretary for
small sized companies such as he or she should be a member of the Institute of Company Secretaries of
India; have passed the Intermediate examination conducted by the Institute of Company Secretaries of
India; possessing a Post-graduate degree in Commerce or Corporate Secretary ship being approved by
any University in India; Law graduate from any University; can be a member of the Institute of Chartered
Accountants of India; an individual holding post-graduate degree or diploma in Management science
granted by any University or the Institutes of Management i.e., Ahmedabad, Calcutta, Bangalore, or
Lucknow, can be a member of the Institute of Cost and Works Accountants of India; should have Post-
graduate diploma in company secretaryship granted by the Institute of Commercial Practice. Delhi,
under Delhi Administration or diploma in corporate laws and management granted by the Indian Law
Institute, New Delhi; or a Post-graduate diploma in Company Law and Secretarial Practice granted by the
University of Udaipur, or should be a member of the Association of Secretaries and Managers, Calcutta.

.Besides these statutory qualifications he or she have got the general knowledge together with the
knowledge of the industry and trade, so that he can make useful suggestion to directors. He should have
a sound knowledge of different laws affecting the business. He should also have knowledge of
economics, banking and finance. He must have a good personality as he is supposed to co-operate with
the staff at all times.

SECRETARY IN WHOLE-TIME PRACTICE

The term 'Company Secretary' means an individual who is a member of the Institute of Company
Secretaries of India. A Company Secretary can admit full time employment as secretary of a company or
he may choose to practice independently as a company secretary, either individually or in partnership
with one or more company secretaries. Section 6 of the Company Secretaries Act, 1980 describes that
only a member of the Institute whether in India or elsewhere is entitled to practice with the condition
that he should have obtained the certificate from the council a certificate of practice.

According to Section 2(2) of the Company Secretaries Act, 1980 has approve various areas of practice for
a company secretary in practice such as to appoint himself in the practice of the occupation of company
secretaries to, or in relation to, any company; or, offer to make or perform service in relation to the
encouragement, forming, incorporation, amalgamation, reconstruction, re-organization or winding up of
companies; or an offer to make or execute services as may be performed,

APPOINTMENT OF SECRETARY

A company having paid up share capital of 2 crores or more, it is required to employ a whole-time-
secretary. If companies are having paid up share capital of less than the prescribed amount, it is not
required to appoint a whole-time secretary. Usually, every company appoints a secretary and the
essential provision is made in the articles of association for the purpose. Nevertheless, each company is
not obligatory to appoint a whole time secretary with a paid up capital of 10 lakh rupees or more but
less than 2 erores shall file with Registrar a certificate from a secretary in whole time practice. The first
secretary is usually appointed by the promoters. They help the promoters in carrying out all the
preliminary work in relation to the formation of the company. They are termed as the 'pro-tern
secretary' (secretary for the time being). Usually, the appointment of a company secretary is made by
the Board of directors in their first meeting by passing a resolution. A service agreement is carry out
between the company and the secretary in which the terms and conditions of his appointment,
remuneration etc. are declared.
REMOVAL OF SECRETARY

The appointment of a company secretary is usually done by way of a resolution of the Board of
directors, and the same can be removed by the Board of Directors or by the managing director, if he is
authorized by the Board. The terms and conditions of the service of the company secretary are stated in
the service agreement. A clause is mentioned in the service agreement which describes the manner in
which he can be dismissed or removed. He should be given due notice of termination of his employment
according to the terms and conditions of his employment or else the company shall be liable to pay
compensation to him.

POSITION OF A COMPANY SECRETARY

The position of a company secretary has undergone a remarkable change during the last few years. He
has come up from the position of a clerk to an essential body in the corporate chain of command. The
position of a company secretary can be conferred as a Servant of the Company, as an Agent of the
Company: as an Officer of the Company and as an Advisor to the Board:

DUTIES OF A SECRETARY

The duties of a company secretary differ from business to business in accordance with its size,
management structure and the personal qualifications of the secretary. The company secretary is
usually assigned with legal, administrative and management functions. In big companies, there are
separate managers who get themselves involve with the functions relating to accounts, law and
personnel etc.The main role of the company secretary as the coordinator cannot be under estimated as
he performs three fold capacity. as an agent of the Board of directors and as a person in charge of
secretarial work relationship to the company and as chief administrative officer of the company. These
duties can be classified into two categories (a) statutory duties, and (b) general duties. The statutory
duties can be subdivided into two-duties under Companies Act and duties under other Acts. Besides the
statutory duties, a secretary is required to carry out a number of general duties such as to carry out the
orders of the Board of director, to assist the Board in the formulation of policy decisions, not to disclose
confidential information relating to the affairs to the company, not to make any secret profits on
account of his position, to act as a medium and link between the company and outsiders, to provide
information to the shareholders and to organize, supervise and coordinate the office work

LIABILITIES OF A SECRETARY

It is the duty and responsibility of a secretary to look into the affairs of the company and perform in
accordance with the provisions of the Companies Act and articles of association. If a default is made to
fulfill certain requirements of the Act, a secretary, being an officer of the company is liable for fine and
punishment. The liability of a secretary can be statutory as well as contractual.
RIGHTS OF A SECRETARY

There are certain rights which are specified to the secretary by the Act, Board of directors and the
general meetings of shareholders. He also obtains some rights from the service agreement with the
company which usually include right to control and supervise the working of his department; right to
sign documents requiring authentication by the company; right to be indemnified for any loss suffered
by him while discharging his duties; and right to receive remuneration.

ROLE OF A SECRETARY

The company secretary performs an important role in company administration. The role depends on the
size and nature of the company. He is accountable not only to the company, but also to its shareholders,
creditors, employees and the society.
He usually performs three fold functions as a statutory officer, as a coordinator and as an administrative
officer.
ntroduction about CS (Company Secretary)
The Institute of Company Secretaries of India (ICSI) is constituted under the Company
Secretaries Act, 1980, to develop and regulate the profession of Company Secretaries in India.
The origin of this profession can be traced back to 1960, when the Company Law Board started a
course in Company Secretaryship leading to a Government Diploma in Company Secretaryship.
A tremendous growth in the number of Company Secretaries led to the formation, in 1969, of
The Institute of Company Secretaries of India under Section 25 of the Companies Act, 1956. The
Institute of Company Secretaries of India has been converted into a statutory body under the
Company Secretaries Act, 1980.

Behind every successful man there is a woman. This saying can be twisted a little to suit our
purpose- 'Behind every successful company is a dedicated Company Secretary'.

A company secretary is the one who corresponds with the public and hence is also termed as the
'spokesperson' of the company. So let's embark on a journey to unveil about the happenings in
the life and making of a company secretary.

A Company Secretary is a person who ensures compliance of all laws, which relate to the
working of a company. Hence, knowledge about corporate laws and the rules related to it are
mandatory to formalise business deals. Apart from being responsible to the shareholders and
directors of the company, a company secretary also communicates with the outside world on
behalf of the company. Hence, he/she is the 'face of the company'.

A company secretary's role starts from the very moment when the idea of formation of a
Company is conceived. Although the idea of formation of a company Secretary (CS) may vary
from company to company the knowledge and training acquired by company secretaries make
them versatile to carry out various functions in Finance, Accounts, Legal Administration and
Personnel areas in addition to their own secretarial duties and responsibilities. A company
secretary is recognized as one of the principal officers of the company by various enactments.
Company secretaries, thus occupy a pivotal and versatile position in companies. Companies
having a paid up share capital of above Rs. 50 lakhs for more are statutorily required to appoint a
whole-time CS.

The career course of Company Secretary is not only prestigious but is financially rewarding too.
The post of a Company Secretary is considered a respectable one in the hierarchy and this is one
of the most important posts a person handles. This is because, in this position, one acts as the
mediator between the company and its Board of Directors, government, shareholders and
regulatory authorities. He or she guides the Chairman and the Directors on how to make the best
use of their responsibilities under various laws.
A company secretary is a top level employee in a company whose responsibility is to ensure that
the company adheres to all the legalities set by the government therefore advises the directors on
various policies and operations of the company. To have a company secretary has been made
compulsory by a Government Act for large companies. Since the boost in economy in the recent
years many companies have grown tremendously and new companies have emerged. Therefore
the need and scope for company secretaries has also increased tremendously over the years. To
become a company secretary one needs to do a professional course under the Institute of
Company Secretaries of India (ICSI).

The use of the word secretary in the name of this specialization is a bit misleading for one who is
new to the concept. A Company Secretary has nothing to do with regular secretarial work. A
Company Secretary is a professional whose role in a corporate set up is that of an advisor for
legal matters. As per the Companies Act, a statutory requirement is that companies with a paid
up share capital of a minimum of Rs 50 lakh are required to appoint a Company Secretary. A
Company Secretary is a very important member of the company's management.

A company secretary is a person who ensures compliance of all laws, which relate to the
working of a company. Hence, knowledge about corporate laws and the rules related to it are
mandatory to formalize business deals. Apart from being responsible to the shareholders and
directors of the company, a company secretary also communicates with the outside world on
behalf of the company. Hence, he/she is the' face of the company'.

These are some of the duties of a company secretary:

•Advising on good governance practices and compliance of corporate governance norms as
prescribed under the Companies Act, listing agreement with stock exchanges and various other
laws, rules and regulations.
•Promotion, formation and incorporation of companies and other matters related to it.
•Filing, registering documents including forms, returns and applications on behalf of the
company as an authorized representative
•Maintenance of secretarial records, statutory books and registers.
•Arranging board and general meetings and preparing minutes of the meeting
•All work related to shares and their transfer and transmission
•Secretarial audit/compliance audit
•Compliance certificate for companies not required to employ a whole-time secretary
•Signing of annual reports
•Advising companies on compliance of legal and procedural aspects, particularly under various
acts like SEBI Act, Intellectual Property Rights, Labour and Industrial Laws, setting up of
subsidiary boards, drafting of legal documents, etc.
•Representing the company or other persons before the Company Law Board, National Company
Tribunal, etc.

A company secretary would have to maintain the records of the company properly, record in the
basic minutes book, call meetings like the board meetings or the general body meetings, handle
matters related to initial public offerings (IPOs) and public issues.
A company secretary needs to have very good Communications skills, excellent command over
English, analytical mind and ability to explain things to the directors and decision takers in the
company. Job prospects for Company Secretary are quite good and the scope for growth is also
there. Remunerations offered are really good for company secretaries with salaries starting from
Rs. 20,000 per month.

CAREER SCOPE:
Qualified company secretaries can find well-paid positions in the private sector and public
corporate sector, banks and financial institutions, stock exchanges, the Department of Company
Affairs, company law boards and government departments. The larger the company and the
wider its field activity, the better the emoluments earned by the CS. Private consultancy jobs are
a very lucrative option.

Liberalization and globalization have a massive boost to corporate activity and along with it the
openings for company secretaries continue to grow. In the present age of mergers, acquisitions,
and tie-ups this profession looks forward to rich dividends.

Benefits and Scopes of Company Secretary:

• The companies who pay a share capital of lump sum amount (varies from place to place)
generally require a company secretary in terms of Companies Act.
• The main function of the Company Secretary is to provide the guidance and precious advice in
the fields of financial, secretarial and legal matters.
• The company secretary will be held responsible in dealing with the stakeholders, Boards of
Director, Government Departments and also the individual will act as the compliance officer of
the company to incorporate the rules and regulations of the Securities and Exchange Board of
India.

Demand of Company Secretary:

There is a huge demand of Company Secretary in USA, India, UK and some western countries.

The successful individual company secretary will acquire a job in

• Departments of Company affairs
• Stock Exchanges
• Government Departments
• Company Law Boards
• Can start up Company Secretary Ship Consultancy firm
Company Secretaries in Practice also render following Services (Self Employment):
• Legal, Secretarial and Corporate Governance
• Corporate Restructuring
• Foreign Collaborations Joint Ventures
• Arbitration and Conciliation
• Project Financing
• Financial Management
• Project Planning
• Capital Market and Investor Relations
• Due Diligence
• Corporate Advisory Services

Courses Details:
*Foundation course
*Executive Programme
*Final Course

Foundation course:
• This is the identification for the first/lowest/starting level of the CS course conducted by the
ICSI.
• This is the Lowest level at which a student can start pursuing the CS i.e. Company Secretaries
course.

Duration of Foundation Course is 8 months. Students are required to pass the Foundation
examination within 3 years from the date of their admission. Candidates who have passed senior
secondary (10+2) can apply for foundation course. Registration for foundation course is open
throughout the year. The exams for the foundation course are held in December and June. To
appear for the exams in December candidate should apply for the exam before the previous
march. Similarly to appear for the June exam, candidate should apply before the previous
September. i.e. the Registration for each examination should be done at least nine months before
the month in which the examination is held.

Since the main examinations are conducted once every six months only, the actual time gap
between registration and appearing at the main examination may be more than 8 months.

Subjects:
01. English and Business Communication (FCEBC)
• Part A: English - 50 Marks
• Part B: Business Communication - 50 Marks
02. Economics and Statistics (FCBE-BE)
• Part A: Economics - 50 Marks
• Part B: Statistics - 50 Marks
03. Financial Accounting (FCFA)
04. Elements of Business Laws and Management (FERBAM)
• Part A: Elements of Business Laws - 50 Marks
• Part B: Elements of Management - 50 Marks
05. Information Systems and Quantitative Techniques (FCISQT)

Prizes Award:
ALL INDIA PRIZE AWARDS:-
1. Sultan Chand Trust Prize Award
2. Sultan Chand Trust Prize Award
3. Sultan Chand Trust Prize Award-
4. Durga Devi Saraf Memorial Gold Medal(Only for Female)
5. Elvina Pinto Memorial Prize Award
6. LATE Shri G V Setty and LATE SMT.Kusumamba Memorial Award
7. LATE Madineedi Ramakrishna Subhadra Memorial Award

Awarded To: Awarded to a candidate who passes in all papers of the Foundation Examination, at
first attempt, in one sitting, without claiming exemption in any subject and obtaining the highest
marks in the aggregate taking into account the performance of all successful candidates.

Executive Programme:
Candidates who have passed the foundation course, and are not less than 17 years of age can
apply for intermediate course. Graduates, post-graduates (excluding fine arts) and those who
have passed final exam of ICWAI or ICAI or of any other accountancy Institution in India or
abroad recognized by the Council of the Institute can directly enroll to the intermediate course
without doing foundation course. Intermediate course consist of two groups. Candidates
registered for intermediate course including the month of February in a year are eligible for
appearing in both the groups of the Intermediate examination held in December of that year and
those registered up to and including the month of August in a year are eligible to appear in the
Intermediate examination held in June of next year.

Subjects:
CS: Executive Programme - Module I
• Paper 1: General and Commercial Laws (IGCL) [100 marks]
• Paper 2: Company Accounts and Cost and Management Accounting (ICA&CMA) [100 marks]
o Part A: Company Accounts (50 Marks)
o Part B: Cost and Management Accounting (50 Marks)
• Paper 3: Tax Laws (ITL) [100 marks]
o Part A: The Income-tax Act (60 Marks)
o Part B: Service Tax (20 Marks)
o Part C: Value Added Tax (20 Marks)
• Management Information Systems and Corporate Communication (IMIS&CC)
CS: Executive Programme - Module II
• Paper 4: Company law (ICL) [100 marks]
• Company Secretarial Practice (ICSP)
• Paper 5: Economic and Labour Laws (IELIL) [100 marks]
o Part A: Economic Laws (60 Marks)
o Part B: Labour Laws (40 Marks)
• Paper 6: Securities Laws and Compliances(ISLRFM) [100 marks]
o Part A: Security Laws (60 Marks)
o Part B: Issue Management and Compliances (40 Marks)

A candidate can get exemption for some individual papers on the basis of qualification
1. Company Accounts and Cost & Management Accounting (ICA&CMA) - Master of Corporate
Secretaryship/M.Com./M.B.A (with Accountancy as one of the subjects at B.A (C.S)/B.Com.
level with full paper in Cost Accounting/Management Accounting/Financial Management at
Master of Corporate Secretaryship/M.Com. /M.B.A. level and must have secured fifty per cent
marks in the subject concerned of a recognized university is exempted from this subject.
2. General and Commercial Laws (IGCL) - A degree in Law or Master of Corporate
Secretaryship is exempted from this subject.
3. Tax Laws (ITL) - Master of Corporate Secretaryship is exempted from this subject.

A Candidate who has passed the Final examination of the ICWAI is eligible to seek exemption
from the following papers of Intermediate examination under a reciprocal arrangement existing
at present between the two Institutes- Company Accounts and Cost & Management Accounting
(ICA&CMA), Tax Laws (ITL) in the intermediate level. Financial, Treasury and Forex
Management, Direct and Indirect Taxation - Law and Practice in the final level.

To enable non - commerce students who are eligible for direct admission to the executive level
programme, to get a fundamental understanding on commerce subjects the ICSI has made it
compulsory for such students to take up a course of postal or oral tuition in those subjects of the
Foundation examination which he/she had not studied at the graduate or post graduate level
before becoming eligible to pursue the executive level programme/course.

Student registering for the compulsory bridge Course need not attend examination in these
subjects but has to compulsorily undergo either oral or postal tuition in them.

Minimum Requirements:
A candidate can enter the courses at this level through two different routes.
1. By passing the Foundation Programme examination i.e. qualifying at the Foundation
Programme level
2. By passing a Graduation/Degree (10 + 2 + 3) examination i.e. having a Graduation
qualification

Academic Qualifications
1. A pass in the Foundation Programme Examination conducted by ICSI.
2. A Degree or master\'s degree in Corporate Secretaryship or Commerce.
3. A degree or master\'s degree in any discipline other than Fine Arts.
4. A pass in the Final examination conducted by:
i. The ICAI
ii. The ICWAI
iii. Any other Accountancy Institution in India or abroad as recognized as equivalent thereto.

Prizes Award:
In addition to the ranks and distinctions awarded by the institutes, the following prizes are
awarded to the students by various sponsors.

Some are sponsored by the Institute and its chapters and some others by private trusts or
charitable institutions and some others by individuals.

ALL INDIA PRIZE AWARDS:-

1. President's Silver Medal
2. Jaypee Group Prize Award
3. Late Shri Jagdish Chandra Malhotra Memorial Annual Award
4. Kedarnath Prahlad Rai Dhanuka Memorial Award
5. Mauji Ram Jain Memorial Award (Female Candidate)
6. SMT.Bonadada Samantha kamani Memorial Silver Medal (Female Candidate)
7. Taxman's Prize Award (Specially for Highest Marks in Tax Law)
8. Preeti Puraskar (Specially for Highest Marks in Company Law)

Awarded To:
Awarded to a candidate who passes in all papers of the Executive program Examination, at first
attempt, in one sitting, without claiming exemption in any subject and obtaining the highest
marks in the aggregate taking into account the performance of all successful candidates, provided
that the aggregate is not less than 55%.

Final Course:
A student is admitted to the Final examination only after a minimum period of nine months after
passing intermediate examination. The examinations are conducted twice a year in June and
December. Last date for enrollment applications for the final examination is 25th March (with
late fee of Rs. 100, 9th April) for June examination and 25th September (with late fee of Rs. 100,
10th October) for December examination.

Subjects:
There are 8 papers divided into 4 Modules in CS Professional Programme
Module I
Company Secretarial Practice
Drafting, Appearances and Pleadings
Module II
Financial, Treasury and Forex Management
Corporate Restructuring & Insolvency
Module III
Strategic Management, Alliances and International Trade
Advanced Tax Laws and Practice
Module IV
Due Diligence and Corporate Compliance Management
Governance, Business Ethics and Sustainability

TRAINING:
The CS course is complete after students have undergone 16 months practical and modular
training in order to apprise the students with the functioning of the Corporate Sector and to create
a cadre of professional Company Secretaries having a sound theoretical base and practical
exposure to serve trade and industry effectively, both as a part of the management team as well
as independent practicing professionals.

A candidate who has passed the Final examination of the Institute is required to possess the
practical experience and undergo the practical training or be exempted there from as prescribed
in the Regulations for becoming eligible to the Associate Membership of the Institute.

The objectives of training is to apprise the students with the functioning of the Corporate Sector
and to create a cadre of professional Company Secretaries having a sound theoretical base and
practical exposure to serve trade and industry effectively, both as a part of the management team
as well as independent practising professionals.

TOP (Training Orientation programme for 5 days)

ADP (Academic Development Programme for 25 Hrs)

Further, before commencing the 15 months training, the students are required to compulsorily
attend and complete five days Training Orientation Programme (TOP) which is being conducted
by all the Regional Councils/designated Chapters. Students may like to commence the training, if
not already commenced and accordingly submit the Application Form (available on the web site)
and also available in the concerned Regional Council/Chapters.

Every student of the Institute, who has been sponsored for 15 months training on or after
01/07/2004 either in a Company or under a Company Secretary in Practice is compulsorily
required to attend and complete 25 hours Academic Development Programme on proportionate
basis i.e. five hours for every quarter of remaining training. Students are requested to contact the
concerned Regional Council/Chapter of the Institute. He/She will be given the benefit to the
extent of the duration of the Programmes. We have advised the Regional Councils & Chapters to
charge confessional rates from the students for attending such Professional Development
Programmes. In case you have already commenced/completed the training, you are advised to
submit the Certificates in respect of TOP and 25 Hours ADP.

SECRETARIAL MODULAR TRAINING PROGRAMME

Every candidate passing the final examination of the Institute is compulsorily required to attend
and successfully complete the Secretarial Modular Training Programme (SMTP) designed by the
Institute for a period of 15 days as a part of the practical training requirement.

The main thrust of SMTP is

• To apprise the students with practical aspects of some of the important areas of a Company
Secretary's functions.
• To give first hand exposure in the areas of corporate management and to build commercial
orientation and problem solving aptitude.
• To develop leadership qualities, interpersonal relations, team spirit.
• Sharpening of skills in decision making.
• To develop a mind-set for excellence in rendering professional services.

During the programme, the participants interact with senior members of the Institute,
Government officials, officers of financial and other Institutions.

Purpose of the SMTP is to build a bridge between knowledge acquired and its application in
actual work situations with a view to developing a complete professional and also to enlarge
his/her perspective.
This Provide Information About Commerce education like Colleges Detail etc
and gives information about CA,CS & ICWA Courses.Students also ask
yours Queries related to these courses and interact with other students.Discuss
with Other Students.

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