How to Become a Company Secretary in India

How to Become a Company Secretary in India

In the present era, the demand for professionals in legal compliance, corporate governance and regulatory requirements is growing. With the rising demand for qualifications, such as Company Secretary (CS), it has become a sought-after career amongst students. Students often search, “how to become a company secretary in India?”

Well, before you start your journey to becoming a Company Secretary (CS), it is best to learn about the eligibility requirements, the registration process, the course structure, as well as the training requirements.

If you are curious, then here is a guide offering you insights on how to pursue the CS course, career opportunities, fees, structure, examination, and other important factors:

H2: Company Secretary at a Glance (summary table)

Before we learn how to become a company secretary in India, let’s take a glance at the Company Secretary here:

Particular

Details

Role

Company Secretary (CS), key managerial personnel where applicable

Regulatory body

Institute of Company Secretaries of India (ICSI)

Entry eligibility

Class 12 pass or appearing

Course levels

Foundation, Executive and Professional

Practical training

As prescribed by ICSI

Final designation

Associate Member (ACS)

Exam frequency

As per the examination schedule

Average duration

Appro. 3–4 years

Career roles

Compliance officer, legal advisor, governance professional, practising CS, etc.,

Key skills

Corporate law, drafting, communication and ethics

Table of Contents

What is a Company Secretary?

A student can pursue the CS course after 12th. A Company Secretary refers to a professional who manages a company’s compliance with corporate laws, follows appropriate governance practices and also maintains statutory records.

Under Section 203 of the Companies Act, 2013, a Company Secretary is a professional who is recognised as key managerial personnel (KMP) in a company. The membership and course of CS in India is regulated by a professional body known as the Institute of Company Secretaries of India (ICSI).

Roles and Responsibilities of a Company Secretary

  • Board & Legal compliance: To organise the board and committee meetings, recording minutes and preparing agendas. Tracking all the recent changes in corporate law and making sure the company follows the obligations.
  • Corporate governance & Record Keeping: Ensuring the company and directors follow all the applicable procedures, laws, and governance standards. Maintaining corporate records, meeting documentation, as well as statutory registers.
  • Statutory filings: Handling filings with the Registrar of Companies (ROC) and compliance relevant to SEBI.
  • Regulatory communication: Acting as a communication bridge between government authorities, regulators, the board, and shareholders.
  • Before you think about company secretary registration, it is best to know about the roles involved. Some of the responsibilities of a company secretary are:
  • Advisory support: Helping management in government matters, compliance-related issues and corporate structuring.

Why Choose a Career as a Company Secretary?

Wondering why to choose a CS course after 12th? Well, here are some opportunities you need to know about:

High Demand: CS professionals can work with high-paying start-ups, MNCs, listed companies, and firms in leadership roles.

Career Growth: Professionals work in senior positions in the governance and compliance department.

Field Knowledge: The course helps in developing expertise in regulatory matters and corporate law.

Flexible Career Options: Professionals can select a path by securing corporate employment or practicing independently.

You can Read Also:15 Best Courses After B.Com

Skills Required to Become a Company Secretary

So, how to become a company secretary in India? The first thing to focus on is to gain legal knowledge as well as professional skills. Some of the skills required include:

  • Legal knowledge: Acquiring legal knowledge along with understanding regulatory requirements as well as company law. 
  • Communication & Drafting: Acting as a communication bridge and preparing notices, legal documents, as well as reports.
  • Analytical thinking & Attention to Detail: Ensuring precise records are maintained as well as meeting deadlines. Identifying compliance risks and regulations.
  • Ethics & Integrity: Ensuring confidentiality by keeping information safe and exercising professional judgement.

Company Secretary Eligibility Criteria

So, what are the company secretary eligibility criteria? In order to become a CS, a candidate needs to meet all the educational requirements as per the Institute of Company Secretaries of India (ICSI). The criteria depend upon the program and entry route:

  • Foundation:  For this route, candidates who are appearing or cleared class 12th can join the program.
  • Executive Programme: Candidates who have completed the Foundation exam or graduates and postgraduates can qualify for direct entry.
  • Professional Programme: Candidates who have cleared the Executive Programme can register for this programme.

Entry Route

Eligibility

Foundation

Class 12 pass or appearing candidates, subject to applicable rules

Executive

Foundation pass candidates or eligible graduates under direct-entry rules

Professional

Candidates who have cleared the Executive Programme

How to Become a Company Secretary: Step-by-Step

Not sure how to become a company secretary in India? If you are confused, then here is a step-by-step guide, helping you understand everything in detail:

Step 1: Meet the Educational Requirements

If you have just completed your 12th, then you can take the entrance route. Those who have cleared graduation or the Foundation level can get direct entry to the Executive programme.

Step 2: Register with ICSI

Go through the ICSI website and select your entry route, fill in the registration form and upload the required documents as well as the fee.

Step 3: Clear CS Foundation or Apply Through Direct Entry

Candidates to apply for the Foundation route. Graduates can skip this stage and apply for the direct entry route.

Step 4: Clear the CS Executive Programme

Prepare for the examination and cover subjects such as business laws, company law, taxation, accounting, and prescribed papers as per ICSI.

Step 5: Clear the CS Professional Programme

Clear the advanced professional examination that covers specialised subjects, finance, corporate governance, compliance, and other subjects.

Step 6: Complete Practical Training

Complete practical training as well as development programmes. As per ICSI, a candidate needs to complete 21 months of long-term practical training.

Step 7: Become an Associate Member (ACS)

After completing the exam, training and other formalities, the candidate can apply for ICSI membership. Any eligible member can use the ACS designation.

CS Course Structure and Exam Pattern

What’s the CS syllabus and exam pattern? Let’s understand it with the help of a table:

Level

Main Subjects

Exam Pattern

Foundation (legacy)

Business Environment, Economics, Accounting and Business Laws

4 papers

Executive

Company Law, Tax Laws, Accounting and Securities Laws

7 papers in two groups

Professional

ESG, Compliance, Corporate Restructuring, Valuation and Electives

7 papers

Passing Marks and Exemptions

For Foundation level, the criteria for passing require the Candidate to at least score 40% in each paper with an aggregate of 50% in one sitting.

The Executive and Professional Programmes require the candidate to score at least 40% in each paper with an aggregate of 50% in the relevant group or subject. Exemption may be applicable to eligible candidates as per the ICSI rules.

You can Read Also: CMA Exemption Rules

Company Secretary Course Fees

Wondering what the CS course fee is? It varies as per the entry route and applicable fee:
Programme Approx. Fees
Foundation registration and exam INR 35,000 (with exam fee)
Executive Programme, including both group exam fees INR 45,000
Professional Programme, including both group exam fees INR 60,000
Total estimated ICSI fees INR 1,00,000- 1,20,000
Kindly, check the fee before registration, as the fees are subject to ICSI rules and revisions.

Coaching vs. self-study costs

Expense

Self-Study

Coaching

Registration

Applicable

Applicable

Study materials

Selected resources

May be included

Coaching fees

Not required

Varies as per coaching

Mock tests

Free or paid

May be included

Revision material

Self-prepared or purchased

May be provided

Company Secretary Salary and Career Scope

What is the overall scope and company secretary salary? Let’s learn about it with the help of the table below:

Experience Level

Indicative Annual Salary

Newly qualified CS

INR 3–7 lakh

3–5 years of experience

INR 5–12 lakh

Senior professionals

INR 10–20 lakh or more

Kindly note that the figures mentioned here are indicative.

Career Opportunities

A Company Secretary have plenty of career opportunities and can work as a:

  • Company Secretaries
  • Compliance Officers
  • Corporate Governance Professionals
  • Legal and Compliance Executives
  • Secretarial Auditors
  • Heads of Compliance or Governance, etc.


Industries that hire CS professionals include manufacturing, IT, healthcare, financial services, banking, and MNCs. Eligible members can also practice independently after completing the certificate of practice.

Tips to Clear the CS Exams

Just completed the company secretary registration process and wondering how to prepare for the examination? Well, here are a few tips to follow:

Study planning and revision

Plan your studies by dividing the syllabus into weekly or monthly targets. Make sure to use ICSI materials only for the examination.

Mock tests and past papers

Regular revision is quite important, so practice past papers that will help you understand the exam pattern and expected answers. Mock tests are also important for regular practice.

Time management

Make sure to allocate specific time or duration for a particular paper or subject. It helps improve time management while giving you enough time for revision.

Funding Your Professional Education

Planning should not be limited to the ICSI exam. Make sure to plan for the exam, registration, coaching and study material-related expenses.

You can also go for the self-study option to manage costs significantly. However, coaching guidance can help you achieve your target faster. 

Individuals who are employed can also explore employer-sponsored education support to minimise financial burden.

Key Takeaways

  • Company Secretary is a professional qualification regulated by ICSI.
  • Candidates enter through the Foundation or direct route.
  • The qualification requires the candidate to clear examinations, have practical training and fulfil membership requirements.
  • Professionals can work in governance, corporate employment compliance, as well as independent practice.

Frequently Asked Questions

Yes, a candidate can apply for the CS course after 12th. Graduates and postgraduates can also take the direct entry route for the Executive programme.

CS syllabus usually requires 3 to 4 years to complete, depending on the entry route, attempts at the examination, and the training completion.

The qualification requires candidates to have daily practise and preparation. CS is focused on corporate law, compliance and governance. CA is focused on auditing, taxation, and accounting.

Yes, you can start the process for company secretary registration even while doing a job or continuing a degree. However, make sure to manage your time, clear exams, and meet training requirements.

ACS is known as the Associate Company Secretary when a candidate becomes a member after completing the ICSI course. FCS is a term for Fellow Company Secretary. It is the fellowship granted by ICSI for eligible candidates.

The company secretary eligibility differs as per the programme. It is best to check the relevant information on the website before appearing for the exam.

Conclusion

Now that you know how to become a company secretary in India, you can register for the program and start preparation for the exam. With the right dedication and preparation, you can achieve your goal of becoming a CS. 

However, having the right guidance is definitely a game changer for anyone planning to pursue a CS career path. Gyan Sagar Classes is here to provide you with dedicated mentorship with the help of experts in the industry.

So, what are you waiting for? Check your eligibility for ICSI now and take your first step towards a CS career path!

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