company secretary registration 2018
Vital Steps for Company Secretary Registration in India: A Comprehensive Guide for Indian Entrepreneurs
Introduction
Company Secretary (CS) plays a pivotal role in corporate governance, compliance, and administration of companies in India. Their expertise is crucial for ensuring that businesses operate in line with legal and regulatory frameworks. If you are an aspiring Indian entrepreneur or already own a company in India, it is essential to understand the process and significance of Company Secretary registration. This comprehensive guide will outline the vital steps involved in becoming a certified Company Secretary in India.
Step 1: Qualification Requirements
To pursue a career as a Company Secretary, one must possess the necessary academic qualifications. The Institute of Company Secretaries of India (ICSI) is the apex body responsible for conducting examinations and granting certification. To register, interested individuals must have completed 10+2 or equivalent qualification. Aspirants must pass the Foundation program, followed by the Executive program and Professional program stages of ICSI examinations.
Step 2: Training and Practical Exposure
Upon clearing the Executive program, candidates are required to undergo a 15-month training program with a company approved by ICSI. This Practical Training encourages aspiring Company Secretaries to apply theoretical knowledge in practical scenarios, thus enhancing their understanding of various legal and regulatory aspects.
Step 3: Professional Program and CS Final Exam
After completing the Practical Training, candidates must pass the Professional program examinations conducted by ICSI. This program further deepens their knowledge in areas such as Company Law, Securities Law, and Corporate Governance. Successful completion of the Professional program allows candidates to proceed to the final hurdle, the CS Final Exam.
Step 4: Registering with ICSI
To become a registered Company Secretary in India, candidates must apply for membership with the Institute of Company Secretaries of India (ICSI). The application form can be found on the ICSI website, and applicants are required to submit relevant documents, including mark sheets, training certificates, and a recent passport-sized photograph. The registration fees must also be paid at this stage.
Step 5: Practical Experience
Once registered, aspiring Company Secretaries are required to gain practical experience in the field for a minimum of three years, either through the Management Training program or by working under a practicing company secretary. During this period, candidates must develop a comprehensive understanding of corporate laws, compliance matters, and corporate governance.
Step 6: Professional Membership and Continuous Professional Development
Upon completion of practical experience, candidates can apply for professional membership with ICSI. This certification establishes individuals as qualified Company Secretaries in India. However, the journey doesn’t end with membership; Company Secretaries are encouraged to continue their professional development through various specialized training programs and workshops offered by ICSI.
Step 7: Continuous Compliance and Ethical Practice
As certified Company Secretaries, professionals have an ongoing responsibility to ensure compliance with various legislations and ethical practices. This includes staying updated with changes in corporate laws, rules and regulations, and keeping the management informed about any necessary modifications to ensure legal and regulatory compliance.
Conclusion
Becoming a registered Company Secretary in India is a journey that involves rigorous academic training, practical exposure, and maintaining a deep knowledge of company laws and regulations. Successfully completing the necessary qualification requirements, practical experience, and examinations conducted by the Institute of Company Secretaries of India (ICSI) leads to obtaining professional membership. By adhering to ethical practices and continuous professional development, Company Secretaries play a critical role in upholding corporate governance standards in India.,
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company secretary registration 2018
This article is only published for informational purposes. Please consult your Chartered Accountant or Financial Advisor before making any important financial decisions.
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