Career & Scope as Company Secretary

Student Name: KINJAL BHALCHANDRA NAYAK

Registration #: 440068473/08/2013

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 SEBI.
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 and can start up Company
Secretary-ship Consultancy firm too.

To start a career in practice, a company secretary needs to obtain

the Certificate of Practice from the Institute of Company
Secretaries of India. Once a person gets this certificate, personal
practice can be started. These company secretaries are given huge
recognition for providing a variety of services, some of which
include the following:

Companies Act, 1956, Section 383A states that companies having

paid up capital of over 2 Crores need to appoint a company
secretary. And those, who have paid up share capital of lesser
amount, have to provide a compliance certificate created by a
company secretary in practice. This opens up numerous
opportunities for people in this profession.

As per the Tax laws of India, company secretaries in practice can

work as tax consultants in various situations. They can also work
as valuers of securities under the Wealth Tax Act.
Today, even banks and many other financial institutes hire the
services of company secretaries in practice to create compliance
reports and search reports of the assisted units, before the credit
is extended. The services of company secretaries in practice are
used by the common people also. These secretaries can start up
their own Facilitation Center to provide these services. They can
also act as tax administration of enterprises.

For company secretaries having over 15 years of experience, there

is opportunity for the positions of Member of Company Law
Board or National Company Law Appellate Tribunal.

A company secretary is the principal officer of a company who

acts as an advisor and mediator between the company and its
Board of Directors, regulatory authorities, government and share
holders regarding the legal matters of various corporate decisions.
Company secretary acts as a compliance officer of any company in
context of different laws including tax laws, company laws,
economic laws and labour laws. She/he also plays a crucial role in
the decision-making process in the corporate world.
The Companies Act, 1956 has denoted company secretaries as
“Officer in default” thereby casting major responsibility on their
shoulders. Here are some of the major career opportunities for a
company secretary that can be divided into two categories –career
in practice and career in employment.

Companies Act, 1956, Section 383A states that it is mandatory for

any company who has paid up share capital of 2 Crores or more to
hire a full-time company secretary. The only educational
qualification required to get a job in such companies is a
membership of the Institute of Company Secretaries of India.

Companies who have their shares listed in the stock exchanges

need to appoint a full-time company secretary. As several
companies are being set up every year, the career prospects for
company secretaries are abundant.

The Government of India has recognized this qualification for the

appointment at higher level designations. For instance, it is one of
the criteria to get employed in the Indian Company Law Service.
Company secretaries are required in the organizations that are
run by councils, boards or other corporate organizations. The big
Co-operative firms also hire company secretaries. Students
completing their education in this field can further go for making
a career in research. They can also work as Faculty. Many banks,
financial institutes, professional organizations recruit company
secretaries for various senior positions.

CS is a very reputed program and Career as a Company Secretary

is not only prestigious and financially rewarding but also carries
with it a high level of job satisfaction. Company Secretary is an in-
house legal expert, a compliance officer of the Company, an expert
in corporate laws, securities laws & capital market and corporate
governance

As far as the scope of the program is concerned in India it has

great scope but if you are looking for this course abroad then I
would say it may not hold good value as Company Secretary is a
program which majorly covers areas like corporate laws securities
laws etc. which will be different for different countries, so only if
you are planning to pursue a career in India that you plan to take
up Company secretary course.

Company Secretaries, in both public and private companies, deal

with legal aspects in the management of a company. They co-
ordinate with the various departments and advise the Board of
Directors and other functionaries about statutory requirements
and compliance of company legislation. Company Secretary has
been recognized by various enactments as one of the principal
officers of the company.
A company secretary is solely responsible for carrying out finance,
accounts, legal, administrative and personnel functions in
addition to his secretarial duties.
 Company Secretaries are involved in:

 The formation of a company

 Managing company's records

 Filing company’s tax returns

 Advising the Board of Directors of their legal obligations

 Ensuring compliance with statutory legislation

 Understanding national and international legislation

affecting the  company

 Calling company meetings, collecting and compiling

information for them and recording decisions.

 Act as links between share-holders and management

 Convene the annual general meetings

Are responsible for other functions such as:

 Listing of shares and debentures

 Managerial appointments

 Inter corporate investments and loans,

Interests & Personality requirements:

 Interest in office-based job

 Organized

 Capability for multi tasking

 Ability to understand complex and technical issues in a clear

unbiased manner,

 Excellent command of written and spoken English

 Responsible

 Tactful

 Numerically competence

Academic interests

 Legal studies

 Business studies

 Economics
 Employment Opportunities

 Independent advisory capacity and support for procedures

of  licenses, registrations, loans, taxes, partnership deeds etc

 Company Secretary Firms

 Administrators in Business firms

 Government Grades 1-1V in the Accounts Branch of the

Central Company Law Service of the Department of Company
Affairs.

 Firms  listed on the stock market

 Financial Advisor

 Specialists in banks in the fields of Finance, Accounts, Law

and Merchant Banking.

 Organization whose affairs are conducted by boards, councils

and other corporate structures e.g. companies, cooperative
societies, trusts, associations, federations,  commissions ,
board etc.

 As experts to the developing countries of Asia, Africa and

Latin America.

 Self employment (practice)

 Research
 Study and Training
The Institute of Company Secretaries of India is constituted to
develop and regulate the profession of Company Secretaries in
India. The Institute has its headquarters at New Delhi and four
regional offices at Calcutta, Chennai, Delhi & Mumbai. The
Institute has four Regional Councils and under their jurisdiction
36 Chapters.

One of the prescribed qualifications for a company secretary is

membership of the Institute of Company Secretaries. To become a
member of the Institute, preliminary, intermediate, and final
examinations conducted by the Institute have to be cleared.
He/She is further required to possess practical experience ranging
from two to three years or undergo Management Training for 15
months and in addition undergo four months practical training in
a company which is arranged by the Institute.

A person after passing the Final examination may enrol as

'Licentiate ICSI' at his option until he/she completes the practical
training requirements. After qualifying in the Final examination
and undergoing practical training, is eligible to be admitted as an
Associate Member and can use the letter "A.C.S." after his name to
indicate that he is an Associate. Senior Associate members may be
entitled to become Fellows and on admission can use the letters
'F.C.S.'. No person except a member of the Institute can use the
designation "Company Secretary" or use the letters "A.C.S." or
"F.C.S." after his name.
Admission is open to anyone who has passed the graduate
examination of a university in India or any other equivalent
qualification or those who have taken the foundation
examination.

Academic Training
 Students on enrollment undergo a course of compulsory Postal
tuition imparted by the institute from headquarters in New Delhi.
Under the Compulsory Postal Tuition scheme the students are
provided with study material and test papers for various subjects.
Response sheets have to be submitted for compulsory test papers
for evaluation and comments. The completion of the postal tuition
is certified . Oral tuition is conducted in addition to the postal
tuition by regional councils/chapters, satellite chapters or
authorised institutes. Students may take the required qualifying
examination of the compulsory postal tuition.

Duties & Employment Avenues

Industrialization has resulted in phenomenal growth and
expansion of the corporate sector. Growing specialization in most
spheres of modern corporate functioning requires the services of a
professional to co-ordinate with the various departmental
functionaries of the organization and advice the Board of
Directors and other functionaries about statutory requirements
and compliance of company legislation.

A company secretary is a functionary who is solely responsible to

carry out finance, accounts, legal, administrative and personnel
functions in addition to his secretarial duties.

Nature of Work
With the new World Trade Organization (WTO) regime in effect
from 2005, professional bodies like Company Secretaries, have to
work as per the new regime. The changing global economic
scenario has put forth fresh demands on the role of a company
secretary.

The training too has been revamped with inputs in IT,

international trade and commerce, corporate restructuring,
Banking and Services, Laws, Joint ventures and Foreign
collaborations. The evolving role of the CS is that of a corporate
manager. The traditional role, however, will continue which is
detailed in the following paragraphs.
A Company Secretary has been recognized by various enactments
as one of the principal officers of the company. Knowledge and
training acquired by him makes him versatile to carry out various
functions in Finance, Accounts, Legal and Personnel
Administration in addition to his own secretarial duties and
responsibilities. In fact, his role starts from the very moment
when the idea of formation of a company is conceived. The role of
a company secretary is one that places him in a unique position
vis-a-vis the Board of Directors. Company secretary is the officer
who is the company's chief administrator. However, a company
secretary's actual function varies from company to company.

Company Secretaries, in both public and private companies, deal

with aspects of management which relate to the company as a
legal entity. They keep the company's records; complete the
company's tax returns; advise the Board of Directors of their legal
obligations.

It is the responsibility of company secretaries to see that

companies comply with statutory legislation. They need to
understand the relevant aspects of the law, keep up with changes,
and be familiar with any legislation affecting company business
including international legislation if a company operates overseas.
They arrange company meetings, collecting and compiling information for them and recording the

decisions. They are also the link between the share-holders and management, and convene the annual

general meeting. In many companies, the company secretary has a direct legal or financial function and

is often involved in personnel management. Company Secretaries are administrators who assist in

management, planning and the general running of the company.

The Institute of Company Secretaries of India (ICSI)

 ICSI is a premier national professional body constituted under an Act of

Parliament
 ICSI has been set up to regulate and develop the profession of Company
Secretaries
 ICSI has its  Headquarters at New Delhi and 4 Regional Councils at
Chennai, Kolkata, Mumbai, New Delhi and 70 Chapters  spread all over
India (including one overseas Chapter at Dubai).

 The ICSI has on its rolls over 31,000 qualified members both in
Employment & in practice.

The Company Secretary is:

 An in-house legal expert; a compliance officer of the Company.
 An expert in corporate laws, securities laws & capital market and
corporate governance.
 Chief advisor to the board of directors on best practices in
corporate governance.
 Responsible for all regulatory compliances of company.
 Corporate planner and strategic manager
A Company Secretary being multidisciplinary professional renders
services in the following areas:

Corporate Governance and Secretarial Services

 Corporate Governance Services
Corporate Secretarial Services

Secretarial/ Compliance Audit and certification Services

Corporate Laws Advisory and Representation Services

Corporate Laws Advisory Services
Representation Services

Arbitration & Conciliation Services

Financial Market Services

Public Issue, listing and Securities Management
Takeover Code, Insider trading, Mergers & Amalgamation
Securities Compliance and Certification Services
Finance & Accounting Services
Taxation Services

International Trade & WTO Services

Management Services
1. General/ Strategic Management
2. Corporate Communication and Public Relations
3. Human Resources Management

4. Information Technology
 EMPLOYMENT PROSPECTS

A qualified Company Secretary has openings in Employment and as

Practicing Independent Professional

Company Secretary in Employment:

1. Companies with a paid up share capital of Rs.5 crore or more

are compulsorily required to appoint a whole-time Company
Secretary under section 383A of Companies Act,1956.

2. All companies seeking listing on Stock Exchange are required to

appoint a whole-time Company Secretary

3. Membership of the Institute is recognized for appointment to

superior posts and services under Central Government

4. Membership of the Institute is a recognized qualification for

recruitment from Grade I to Grade IV in the Accounts branch of the
Indian Company Law Service.
 5. Almost every kind of organization whose affairs are conducted
by boards, councils or other association, federation, authority,
commission or like , finds it useful to appoint a person who holds the
qualification of Company Secretaries in key administrative position.

SELF EMPLOYMENT (PRACTICE)

After obtaining a ‘Certificate of Practice’ from the Institute, Members of the

Institute can go for Independent Practice.

1. Every company having a paid-up share capital of Rs. 10 Lakh or more

but less than Rs. 5 Crore, is required to engage the services of a Secretary
in Whole-time practice to obtain a compliance certificate.

2. Pursuant to Clause 49 of the Listing Agreement, Practising Company

Secretaries have been authorized to issue Certificate regarding compliance
of conditions of Corporate Governance as stipulated in the Clause.

3. Practising Company Secretaries have also been recognized to appear

before various Tribunals such as Company Law Board, Securities Appellate
Tribunal, Competition Commission, Telecom Dispute Settlement and
Appellate Tribunal, Consumer Forums, Tax Tribunals etc.,

4. Recently the Reserve Bank of India has recognized the Practising

Company Secretaries to undertake Diligence Report for Banks
Company Secretary as an independent professional:

• A Company Secretary in practice is recognized to issue certificates

and attest documents inter alia under:

• Companies Act, 1956

• SEBI Act, SCRA and regulations made there under Depositories Act,
1996

• Exim Policy etc.

Company Secretaries in Practice also render services in the

following areas:

1. Legal, Secretarial and Corporate Governance

2. Corporate Restructuring

3. Foreign Collaborations and Joint Ventures

4. Arbitration and Conciliation

5. Financial Management

6. Project Planning
7. Capital Market and Investor Relations

8. Due Diligence

9. Corporate Advisory Services

Company secretary course offers a lucrative career option. After

successfully completing this course, you can get in to multinational
companies for jobs.

CS acts as a compliance officer who may provide legal advices in areas of

corporate laws, capital market, corporate governance etc. Job opportunities
exist in both private and public sector companies. Some of the areas where
you have chances of jobs are SEBI, stock exchanges markets etc.

A qualified CS can also practice independently. Many government

companies also employ CS such as AAI, ONGC, State Infrastructure
Development Corporation etc. Opportunities also exist in banks.
Some of the other areas where in one can work are government financial
institutions, bureau of public enterprises, accounts branch of government
law service.

Often mistaken for the same, a chartered accountant is as different from a

company secretary as chalk is from cheese. Chartered Accountants work in
all fields of business and finance. Some are engaged in public practice,
others work in the private sector and some are also employed by
government bodies.

On the other hand, the main function of a Company Secretary is to act as

the mediator between the company and its Board of Directors. He also
provides guidance to the Chairman and the Directors on how to make the
best use of their responsibilities under various laws.

Let us see the difference between a chartered accountant (CA) and

Company Secretariat (CS) so that it helps you to make a career
choice-:

Criteria Chartered Accountant (CA) Company Secretariat (CS)

1) Course Chartered Accountancy Course The Company Secretary (CS) is

details is a professional course in the
field of Accounting. It is about
financial management, taxation
and accounting.
a professional course which is
conducted by The Institute of
Company Secretaries of India
(ICSI). To become a Company
Secretary, the candidates need to
pass the Foundation Program,
 Executive Program, and
Professional Program.
The scope of a CA is very
wide. He can either pursue
private practice or join an
A Company Secretary can find
organization’s financial
employment in government
accounting department or serve
accounts or law departments or
in taxation departments. He can
he can become a Managing
also work in fields of Finance,
Director or Chairman of a
Corporate finance,
Company and be a part of the
Management consultancy, Tax
Board of Directors of a
Compliance, Change
Company. The role of a
management. Chartered
2) Career Company Secretary is that of an
accountants mostly deal with
Scope advisor for legal matters. If a
studies like market research,
company goes public, then the
budget planning, planning of
management of the public issue
policies; management of
falls under the ambit of a
working capital of an
Company Secretary. All
organization, etc. Their duty is
legalities involved with inter-
to ensure that the particular
corporate investments and loans
company is maintaining its
are looked after by a Company
financial transactions according
Secretary.
to the law of the country and
manage the cost and tax
matters of it.
Proficiency of law and
Good aptitude skills with management, good
concentration ability, good with communication skills to deal
3) Skills
numbers, good analytical skills, with many types of people,
required
can work under pressure, a should sound convincing and the
systematic way of working. capacity to fit in the corporate
environment.
4) Authority A CA can act as a lawyer and A CS does not have the
appear before various appellate authority to defend his client or
authorities of direct and represent him in a case.
indirect tax departments like
The Commissioner of Income
 Tax, Income Tax Appellate
Tribunal etc and defend his
client
In India, it is only a CA who
can conduct various statutory A CS does not have the power to
5) Power
audits and audits under Income conduct such audits
Tax Act called Tax Audit etc.
The CA is a member of the A CS is a member of The
Institute of Chartered Institute of Company Secretaries
Accountants of India. A person of India. A person can become a
6) Statutory
can only become a CA after CS only after passing exams
body
passing exams conducted by conducted by the Institute of
The Institute of Chartered Company Secretaries of India.
Accountants of India

PwC, Ernst & Young, HSBC

Bank, Neeraj Bhagat & Co.,
KPMG, Alok Sinhal, ICICI
7)
Prudential, Om Kotak
Companies
Mahindra, Birla Sun-Life, Tata
hiring
AIF Life, Reliance, HDFC
Standard Life-Chartered
Accountancy Co., Max New
York Life, SBI
8) Institutes The Institute of Chartered
offering the Accountants of India (ICAI) is
course both an examining and a
licensing body. It is the
responsibility of the institute to
conduct the Chartered
accountancy (CA) Courses
throughout the country. A CA
program is of two years apart
from the training period. It has
three sections, Competency
Professional Test (CPT) that
Banks like SBI, HSBC, Bureau
of Public Enterprises,
government financial institutions
and stock exchanges,
universities, etc
The minimum eligibility
required for the foundation
course for training as a
Company Secretary is 10+2.
Graduates or post-graduates in
commerce, or any other
discipline are allowed to skip the
foundation course and enroll
directly for the intermediate
examination. This exemption is
also extended to those who have
passed out of the Institute of
 Cost and Works Accountancy or
the Institute of Chartered
Accountants of India. For better
career prospects one may opt for
the Company Secretary course
after having completed either the
was earlier known as
Cost and Works Accountancy
Professional Education exam
course or the Chartered
PE1, Professional Competency
Accountancy course or both.
Examination (PCE) and Final
The Institute of Company
examination
Secretaries of India conducts
examinations for different levels
of competencies throughout the
country. Those who clear these
examinations are granted
membership to the Institute.

It will totally depend on the profession you would like to go into.

Each profession is different from the other. Whereas CS deals
with issues related to running a company and managing its
corporate affairs, CA deals more with accounting. Going through
the websites of both CS and CA institutes shall help to see what a
Company Secretary does and what a Chartered Accountant does.

Based on this one can decide for. It would also be good if we actually
talked to someone who is doing CS or CA and get their opinion
about the courses. There are some people who have done both.
Speaking to them as well can get us better opinion.
In some sense the Company Secretary is a like priest for the
company. The CS keeps the records, sets up the contours for the
 deliberations of board and ensures regulatory compliance with
respect to all the decisions.

CS is the eyes and ears of the board, ensuring that the company
remains within the right side of the law. A tough, but
exceptionally rewarding profession. With more and more
companies increasingly being listed on the stock exchange today,
managements need to ensure greater transparency while adhering
to high standards of responsibility.

“A robust system of compliance management as well as following the

best global practices of corporate governance is a must for a
corporate entity today. This is where the company secretary steps
in,” says the Secretary, Institute of Company Secretaries of India,
ICSI. Termed as governance professionals, Company Secretaries
are considered competent to provide sound advice on corporate,
legal, secretarial, administrative and even tax related matters
within a company.
Parachute professionals
A freshly recruited CS gets direct access to the who’s who including
the board of directors from Day 1, while most others need to climb
up the hierarchy through several years in the organization. Thus,
company secretaries are rightly referred to as Parachute
professionals.
The CS, the principal officer of the company, has a thorough
understanding of management and law and acts as a point of
communication between the board of directors and company
shareholders, reporting in a timely and accurate manner on
company procedure. They need to ensure the compliance of their
organization in financial and legal practices, plus issues of
corporate governance. Guiding and advising the management on
legal aspects of business areas like production, sales, marketing
and administration is also a part of the job.

Traits and work ethic:

Curiosity and an eagerness to understand, analyze and interpret
complex and technical legal issues is a must. A general interest in
economics, business and finance, is a plus. The work involves
multi-tasking a lot on a daily basis, hence you must be disciplined,
organized, and efficient in time management. Since new laws keep
coming into effect, one needs to constantly stay updated as in any
other field. An excellent command over English, both written and
oral is also very important.

Mix of theory and practicals

The postal course is exclusively offered by the ICSI, a statutory body
recognized by the Government of India to regulate the profession.
Students need to clear 3 levels of examinations along with 16
months of practical training, on completion of which they are
enrolled as an Associate member of the Institute and designated
as Associate Company Secretary (ACS).
One needs to be disciplined and be efficient at time management to
crack the exams. Although laws form a major chunk of the course,
they are centered on managing the affairs of a company, such as
company laws, economy and labour laws.
Learn on the job
After clearing the Executive/Professional Programme, students
needs to undergo 15 months of practical training in a company or
under a practicing company secretary during which they are paid
a stipend per month. They are sponsored by the institute for the
same. Prospective employers prefer candidates with good drafting
skills and subject knowledge to employ trainees every year.
There is also a 15-day practical training with Registrar of Companies,
Stock Exchange, financial or banking institutions. Although
business communication is taught as a part of the course and
training is conducted by the institute, some feel that there should
be additional impetus on the development of communication
skills, since they are crucial for the job.

Power plus responsibility

The crucial role that a CS plays in a company can be gauged by the

fact that the Companies Bill 2009 equates his or her position to
the level of CEO and CFO of the company, which involves a huge
responsibility.
Earlier the role of the CS was to conduct board meetings, check
balance sheets and to monitor all secretarial works such as filing
of returns and maintenance of records. In companies where the
legal and secretarial departments are separate, the role of a CS is
more secretarial in nature, but today most of the companies club
both the departments.

A company secretary’s job profile today would typically

encompass corporate restructuring, formulating corporate
policies, managing public issues, mergers and acquisitions, joint
ventures within and outside India, to name a few. They also act as
the confidants of the board of directors and liaison with
government departments.

They even foray into capital markets and financial services

industry. The job comes with a lot of commitment to ethics since
they deal with a lot of confidential information crucial to the
company. If a CS has to dispense some advice, the top
management will take time out to listen, such is the credibility
and reputation.
Job scope

A qualified CS can either be employed by a company or can start

his or her own practice. According to Section 383A, Companies
Act 1956, it is mandatory for companies with a paid-up share
capital of Rs. 5 crores or more to appoint a CS. Any organization
whose affairs are conducted by boards, councils or other
corporate structures; companies seeking listing on stock
exchange; central government law services; finance, law, accounts
and merchant banking divisions of nationalized banks, as well as
public sector companies would employ the services of a CS.

Listed companies, though, rank higher on priority for qualified

CS’ looking for a job.

Independent practitioners require a certificate from ICSI (after

having qualified as a company secretary). They can then issue
compliance certificates to companies (with a paid up share capital
between Rs. 10 lakhs to Rs. 5 crores) and undertake diligence
report for banks etc. They can also be employed by small firms on
a retainer-ship for professional advice and support on issues such
as licenses, registrations, loans, taxes and partnership deeds.

Opportunities exist abroad as well. The ICSI has signed an MoU

with Institute of Chartered secretaries and Administrators (ICSA),
UK as a part of which ICSI members with more than two years of
work experience are exempted from passing 14 out of 17 papers of
ICSA.

Members of the Institute of Company Secretaries of India, in good

standing for a period of two years, can avail of the benefit of the
MOU.

MOU with CISI, London

The Institute of Company Secretaries of India (ICSI) and

Chartered Institute for Secretaries and Investment, London, have
entered into a Memorandum of Understanding (MOU), in terms
of which ICSI inter alia will offer certain units of CISI
qualifications in capital markets, commodity markets, fund
management, wealth management and investment banking as
electives to both its students & members. This will provide them
an exposure to the Securities & Investment industry apart from an
internationally recognized qualification.

CISI has offered certain recognitions to ICSI students who have

passed the ‘Executive Program, which will facilitate their
obtaining the ‘International Investment Administration
Qualification (IAQ)’.

CISI has also recognized membership of ICSI for automatic

membership of CISI at the associate level (ACSI). Senior
practitioners of ICSI in Securities and Investment industry would
be entitled to apply for Membership (MCSI).

MOU with Malaysian Institute of Chartered Secretaries and

Administrators (MAISCSA)

ICSI has signed an Memorandum of Understanding with

Malaysian Institute of Chartered Secretaries and Administrators
(MAICSA). The MOU will help students and members in
attending the training programs, exchange of course material and
undertake research projects.

Career growth and money talk

Typically, the designation within an organization is Company
Secretary or Assistant Company Secretary. Depending on the
internal hierarchy of the organization, you could start with at least
Senior Executive or Assistant Manager. With experience you can
rise up to the post of Executive Director or Vice President of a
company.

A fresher could start with a salary of 25,000-30,000 per month.

Salary packages however vary, depending on individual
capabilities and the sector one is employed in, opine those in the
profession. Although the regular course does not offer any
specializations as such, one can specialize in corporate
governance as a part of a post membership course offered by ICSI.
On the job, one can specialize in SEBI laws, cyber laws, taxation
etc.
 The future
According to ICSI, close to 1.5 lakh students are enrolled with the
Institute under various courses. However, since the inception of
the course, the institute can only boast of a little more than
25,000 CS’ till date. The President of ICSI, says, “There needs to
be more awareness amongst companies on recruiting these
personnel given the varied skills and knowledge they bring onto
the table.”

A change is already on the anvil. Small and medium enterprises

are today looking at expanding their operations and employing
the services of a CS. The role of a CS is going to get more roots in
the times to come with them being involved in formulating
strategy sitting with the board.