The Institute of Company Secretaries of India (ICSI), a premiere professional body recently organized a day-long seminar on “Demystifying NCLT Practices” 

Addressing a press conference on the sidelines of the seminar, The National President of the Institute of Companies Secretaries of India, B Narasimhan said if the economy of India becomes $ 30 trillion by 2047 which is aspired by Prime Minister Narendra Modi, then India needs 2 lakh companies secretaries which is thrice the size of company secretaries as compared to current members of 72,000.

He also said that under various programs ICSI enrolls 14000 students every year and we will be doubling the number this year.

He added that the Institute, being a proactive body, focuses on the best and top-quality education to students of the Company Secretaries course and the best quality set standards for the members. The Institute has over 72,000 members and around 2 lakh students on its roll.

The ICSI recently entered an MOU with the National Institute of Securities Markets (NISM) a public trust which is established by the Securities and Exchange Board of India (SEBI). 

The MOU marked the continuation of the long-term association between the two institutes that would facilitate and enhance institutional collaboration in the area of capacity building and collaborative programs in the areas of compliance, securities markets, law and governance, Narasimhan informed.

He informed that it has MOUs with 141 Universities across the country and now, the institute signed an MOU with Osmania University in the city.

Is the demand for the Company Secretary Increasing?

Nowadays, due to rapid changes in the business environment, there are some changes in the role of a Company Secretary. They are no longer for administrative tasks but also necessary for corporate governance, compliance and risk management.

Why the demand for CS is increasing?

The demand for Company Secretary in India rises due to various reasons. First and foremost, day by day Indian Corporate landscape has become more complex due to this, organizations face a multitude of legal and regulatory requirements. 

Secondly, CS experts help organizations by protecting them from legal problems. As we all know rules and regulations always change, CS experts are essential as they make sure that these rules and regulations are followed by the organization.  

Areas in which the Company Secretary can achieve success

Here are some areas in which they can be successful:

Educational and Academic Institutes: For administrative roles, colleges and universities hire CS. However, they can also work at academic institutions to support compliance and governance.

Media and content: They can also work in the field of journalism, editing, and content creation.

Sales and marketing: In regulatory matters, sales and marketing firms value the expertise of Company secretaries.

Multinational corporations: to manage corporate governance and compliance, large multinational companies need CS experts.

Career Options after CS (Company Secretary)

Legal advisors: Legal advisors are those who have knowledge in specific areas of law and give advice on legal concerns. They advise the organization to avoid and resolve legal disputes with the government or clients as well as provide guidance on various legal aspects such as employment and contracts.

Corporate Planners: They make sure that corporate objectives are effectively planned and oversee corporate performance and project management processes.

Principal Secretaries: Principal Secretaries advice the seniors related to domestic and foreign affairs, overseeing departmental affairs and managing important paperwork.

Chief Administrative Officers: They handle staff and administrative matters. Also, they supervise accounting operations and make sure regulations are followed.

Managing Directors: Managing Directors are senior executives who are responsible for overall business operations and give advice to the board. By effectively managing staff, they ensure the achievement of business goals.

Corporate policymaker: They are responsible for adjusting, implementing, or changing company policies, laws and regulations. They work in both government and non-government organizations.

Assistant to the Board of Directors: The primary responsibility of an Assistant to the board of directors is to ensure efficient communication between the directors and various company divisions to achieve organizational goals.

Company registrar: They handle government reporting tasks and manage all the company registrations.

Conclusion:

The demand for Company Secretaries is increasing day by day due to several reasons and every year many students appear for the exam. If you are planning to do a Company Secretary Course then it’s the right time to do and start your preparation from today.

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