ACS (Company Secretaryship)
The profile of a company secretary is both prestigious and lucrative. It includes a lot of responsibilities which, if handled carefully, can embark you on versatile avenues. The position of a company secretary should not be mistaken for that of a secretary or clerk. A company secretary has a pivotal role in an organization and at times acts as a nodal officer who co-ordinates with Stakeholders, Directors, Promoters, Creditors, Employees, Clients, Regulators and various government agencies. No doubt a Company Secretary can better be called a Governance Professional since the majority of the corporate laws repose immense responsibilities on Company Secretary for their due compliance in the organization.
Presently there are about 35,000 qualified Company secretaries in India, whereas the requirement or vacancies is estimated to be about 7 Lakhs. A student with average intelligence and willingness to work systematically can definitely qualify ACS.
Company Secretaryship Course has always maintained its place in the Top Ten Professional Courses in India. With constant development and growth in the number of corporate firms and with globalization at its best, there are many opportunities for young aspirants. Numerous organizations from diverse fields have emerged in the world market. There is a lot of complexity involved in the successful functioning of an organisation. In order to handle these complex functioning’s and maintenance of the organization, skilled and knowledgeable professionals are required. It is here that the company secretary stands important in an organisation. A company secretary can be hired by various financial institutions, stock exchanges, Banks, and many other such governmental and non-governmental departments. They can provide sound and appropriate corporate, legal, secretarial, administrative and tax related advice which will prove to be beneficial for the organisation. These functions as a rescuer make the company secretary quite popular and demanding.
The Companies Act, 2013 has substantially strengthened the position, role and responsibility of a Company Secretary both in employment and in practice. The duties of a company secretary are now statutorily prescribed under the Companies Act, 2013.He is key managerial personnel (KMP) who reports to the Board for compliance of various Corporate Laws. Company Secretary assists the Board in the conduct of the affairs of the company and provides to the directors, such guidance as they may require, with regard to their duties, responsibilities and powers. A Company Secretary is also authorised to represent before the National Company Law Tribunal, Appellate Tribunal and various Tribunals and quasi-judicial bodies constituted under other legislations. He is also eligible to become a Technical Member of the Tribunals.
Company secretary courses are mainly offered by the Institute of Company Secretaries of India. The ICSI provides course in three stages, he foundation course, the intermediate course, and the final course. The candidate needs to qualify through all these stages. The minimum qualification required to enroll for the foundation course is the successful completion of higher secondary school, preferably with commerce subjects.