0

company secretary

img

-Facts every aspirant should know


The company secretary -Facts every aspirant should know

A company secretary is a senior position in a private sector company or public sector organization. In large American and Canadian publicly listed corporations, a company secretary is typically named a corporate secretary or secretary.

The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

Despite the name, the role is not clerical or secretarial. The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities. Company secretaries are the company's named representative on legal documents, and it is their responsibility to ensure that the company and its directors operate within the law. It is also their responsibility to register and communicate with shareholders, to ensure that dividends are paid and to maintain company records, such as lists of directors and shareholders, and annual accounts.

In many countries, private companies have traditionally been required by law to appoint one person as a company secretary, and this person will also usually be a senior board member.

In India, "The Institute of Company Secretaries of India" (ICSI)[ ]? regulates the profession of company secretaries . ICSI is a statutory professional body which has more than 50,000 associate members.

Chartered Secretaries are employed as chairs, chief executives and non-executive directors, as well as executives and company secretaries. Some chartered secretaries are also known in their own companies as corporate secretarial executives/managers or corporate secretarial directors.

Chartered Secretaries are the sixth highest paid employees in the UK according to the Office for National Statistics Annual Survey of Hours and Earnings (March 2010)

Many corporate secretaries of North American public companies are lawyers and some serve as their corporation's general counsel. While this can be helpful in the execution of their duties it can also create ambiguity as to what is legal advice, protected by privilege, and what is business advice

What is ICSI CS Exam?

The Institute of Company Secretaries of India, constituted under Company Secretaries Act, 1980, is a government recognized body which produces Company Secretaries in India.

The course of Company Secretaryship was introduced in 1960 by the Company Law Board. The ICSI was created in 1968 which took over from the Company Law Board to conduct the exam. The Institute of Company Secretaries of India (ICSI) was then converted into a statutory body w.e.f. 1.1.1981 under the Company Secretaries Act, 1980.

 The CS certification includes three levels of which one has to appear for three exams:

  • Foundation Programme
  • Executive Programme
  • Professional Programme

Every candidate, who are declared 'pass' in Professional Programme Examination in addition to acquiring practical experience, shall be required to undergo compulsory practical training for four months.

What is CSEET exam?

The Institute of Company Secretaries of India (ICSI) had discontinued the CS Foundation programme. The official notice issued regarding this on its website had mentioned that CS Foundation programme has been replaced with CS Executive Entrance Test (CSEET). Students now have to take CSEET for registration to Executive Programme. Candidates who have completed Class 12 will be eligible to appear in CSEET. The exam will be conducted in Computer-Based Mode. Students will be exempted from qualifying CSEET if they have cleared ICAI and ICMAI final course.

ICSI CS Exam Highlights 2020

ICSI Exam Highlights

Exam Name

ICSI Exam 

Conducting Body

Institute of Company Secretaries of India

Exam Level

National Level Exam

Exam Frequency

twice a year

Exam Mode

Online and offline

Exam Duration

150 minutes

Language

English

Exam Purpose

Training and Certifying Company Secretaries in India

Course Offered

CS

No. of Test Cities

58 cities in India

Exam Helpdesk No.

0120-6204999, 3314111

Exam Website

www.icsi.edu

ICSI Eligibility Criteria 2020

Executive Programme: 

  • Now CSEET will be a mandatory qualifying test for all categories of students for registration to Executive Programme except a few exempted categories. 
  • The candidate's age must not be less than 17 years on the date of application
  • To be eligible for CSEET, candidates must have completed Class 12 
  • Graduate/Post Graduate candidates who were eligible to seek registration directly to Executive Programme will also have to qualify CSEET to become eligible for registration to Executive Programme. 

The following categories of students are exempted from qualifying CSEET and can seek registration directly to Executive Programme: 

CS Foundation Programme passed students

Exemption Fee: Nil 

ICAI (The Institute of Chartered Accountants of India) final course passed students

Exemption Fee: Rs 5000

ICMAI (The Institute of Cost Accountants of India) final course
passed students

Exemption Fee: Rs 5000

Candidates need to secure an aggregate of 50% and minimum 40% in each subject in CSEET. Qualifying Cut off 

Professional Programme

Professional Programme is the final level in Company Secretaryship. Candidates who have cleared their Foundation and Executive Programmes are eligible to undertake Professional Programme.

Eligibility:

The candidate is supposed to register for the Professional Programme nine months prior to the month in which the examination commences to be able to be admitted to the programme.

A candidate registered six months prior to the examination month may be allowed to appear in any one or two module(s) of the Professional Programme.

The candidate must have undergone postal or oral tuition for the modules in which he/she intends to appear in the examination.

Here’s an overview:

Candidate enrolled in

Eligible to appear in

June/July/August

All modules of Professional Programmes Examination to be held in June next year.

September/October/November

Anyone or two modules of Professional Programme Examination to be held in June next year.

December/January/February

All modules of Professional Programme Examination to be held in December.

March/April/May

Anyone or two modules of Professional Programme Examination to be held in December.

Qualifying cutoff:    
For all Modules:

  • A candidate will be declared passed if he/she secures in one sitting a minimum of 40 percent in each of the papers and 40 percent in aggregate of all the papers.
  • A candidate will be declared passed is he/she has passed any one or more modules of Professional examination under old syllabus, and secures in one sitting at least 40% marks in each of the remaining papers and 50% marks in aggregate.

For one Module:

  • The candidate is required to secure a minimum of 40% marks in each of the papers and 50% percent marks in aggregate, will be declared ‘pass’ in the Professional Programme.
  • If a candidate who has failed in one subject, but got a minimum of 60% of the total marks of the remaining subjects of the module, shall be declared ‘pass’ if he/she secures a minimum of 50% interest.  

Revised schedule for ICSI CS June Session & CSEET

Candidates can check below the revised exam schedule for ICSI CS June session. 

Exam events

Exam dates

Salient features

CS Executive programme

21-Dec-2020 to 24-Dec-2020

26-Dec-2020 to 29-Dec-2020

Due to COVID-19 pandemic, ICSI has decided to further postpone June 2020 session examinations of Executive programme. Now, the examination has been merged with the December session.

CS Professional programme

21-Dec-2020 to 24-Dec-2020

26-Dec-2020 to 30-Dec-2020

 

The exam dates for Professional programme has been postponed again. The exam will be conducted in December 2020. 

CS Foundation programme

26-Dec-2020 to 27-Dec-2020

ICSI has announced the revised date of CS Foundation programme. Earlier, the exam was scheduled to be held on July 11 and 12, 2020

CSEET exam

29-Aug-2020 and 31-Aug-2020

CSEET exam has been postponed which earlier was scheduled to be held on July 17. The exam was conducted in remote proctored mode on August 29 and 31.

Declaration of CSEET result

17-Sept-2020

The result is available online now.

CSEET November exam 

21-Nov-2020

CSEET exam for November session has been re-scheduled. Earlier, the exam was scheduled to be held on November 28. 

Fee Structure:

Executive Programme

The revised fee structure for registration to Executive Programme is given below : 

Details 

CSEET Passed 

CS Foundation passed

ICAI final passed

ICMAI Final passed

Registration Fee 

2000

2000

2000

2000

Education Fee 

6500

6500

6500

6500

CSEET Exemption Fee 

Nil 

Nil

5000 

5000

Pre-Exam Test Fee

1000 

1000 

1000 

1000 

One Day Orientation Prog. Fee

600

600

600

600

Chartered Secretary Journal Subscription (Optional) for one year

500

500

500

500

Total 

10600

10600

10600

10600

Professional Programme 

Course fee:

CS Professional Programme

Rs 12000/-

Examination fee:

Professional Programme

Rs 1200 per module

Late fee is Rs 250.

Subjects for CSEET

The following subjects will be covered under CS Executive Entrance Test:
Paper 1: Business Communication
Paper 2: Legal Aptitude & Logical Reasoning
Paper 3: Economic and Business Environment
Paper 4: Current Affairs, Presentation and Communication Skills 

 

 

 

Exams Conducted By company secretary
    23