Company Secretary Profession: Prospects and Preparedness

Business Secretary Profession: A certified Company Secretary can become a Key Managerial Personnel in a Company or can establish his/her own practice, through numerous advisory services consisting of fields such as service strategy, guidance on establishing of various forms of company organisation, compliance, arbitration, valuers, and other organization related matters.

Every private company which has actually a paid up share capital of ten crore rupees or more is needed to designate a whole-time business secretary.

Even more, Every listed business and every other public business having a paid-up share capital of ten crore rupees or more shall have whole-time key supervisory workers (KMP), the term KMP includes the

i. Managing Director (MD), or President or manager and in their lack, a whole-time director;-LRB-
ii. Business Secretary (CS); and
iii. Chief Financial Officer (CFO)

The Business Secretaries are referred to as KMP along with MD/CFO in a senior managerial classification who has the direct access to Board of the Business and Assisting the board on the different organization related matters.

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Company Secretary is a strategist, Compliance Officer, Chief Governance Officer and Key Managerial Personnel of the Business and is appointed by the Board of Directors to make sure that the company abides by all the legal and regulative influencing business activities. Company Secretary functions as a user interface in between internal and external stakeholders of the company. He guides the Board of Directors on management and administration of the Business, statutory compliances and on numerous other matters such as company policies, tactical planning, solution of risk management and threat mitigation techniques, business social obligation, sustainability reporting, brand equity, image structure etc.

Next To these, the functions and responsibilities of the Business Secretary have grown profoundly in other locations too, such as: Arbitration, Mediation and Conciliation Solutions, Insolvency Expert, Registered Valuer, Preparation of Diligence Report for Bank and so on

As the profession of Company Secretaries offers world of chances, the preparedness to be a successful company secretary requires to be started right from the entry level of the occupation. The Institute has structured the course curriculum and the training requirements matching the industry demands. The effort is needed from the students too in continuously enhancing themselves with the technical, soft and service skills needed for the profession.