CAREER AS A COMPANY SECRETARY

CAREER AS A COMPANY SECRETARY

The Company Secretary is: An in-house legal expert; a compliance officer of the Company. An expert in corporate laws, securities laws & capital market and corporate governance Chief advisor to the board of directors on best practices in corporate governance Responsible for all regulatory compliances of company Corporate planner and strategic manager

Role of a Company Secretary

A Company Secretary being multidisciplinary professional renders services in the following areas:

Corporate Governance and Secretarial Services Corporate Governance Services Corporate Secretarial Services Secretarial/ Compliance Audit and certification Services

Corporate Laws Advisory and Representation Services Corporate Laws Advisory Services Representation Services Arbitration & Conciliation Services

Financial Market Services Public Issue, listing and Securities Management Takeover Code, Insider trading, Mergers & Amalgamation Securities Compliance and Certification Services Finance & Accounting Services Taxation Services International Trade & WTO Services

Management Services General/ Strategic Management Corporate Communication and Public Relations Human Resources Management Information Technology

EMPLOYMENT PROSPECTS

A qualified Company Secretary has openings in Employment and as Practising Independent Professional Company Secretary in Employment Company Secretary has been recognized as Key Managerial Personnel along with the Chief Executive Officer/managing director/manager, whole-time director and Chief Financial Officer. (section 203) Being Key Managerial Personnel, Company Secretary is required to be mandatorily appointed in every company belonging to such class or classes of companies as may be prescribed. As per the Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, such prescribed class is every listed company and every other public company having a paid-up share capital of ten crore rupees or more shall have whole-time key managerial personnel. Also as per Rule 8A, i.e. Appointment of Company Secretaries in companies not covered under rule 8.—A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary. Functions of the company secretary have been codified in the Companies Act, which include:- to report to the Board about compliance with the provisions of this Act, the rules made there under and other laws applicable to the company; to ensure that the company complies with the applicable secretarial standards; to provide to the directors of the company, collectively and individually, such guidance as they may require, with regard to their duties, responsibilities and powers; and to assist and advise the Board in ensuring good corporate governance and in complying with the corporate governance requirements and best practices ; other specified functions Company Secretary in Practice Some of the important areas of recognition for Company Secretary in Practice include: Secretarial Audit Every listed company and (a) every public company having a paid-up share capital of 50 crore rupees or more; or (b) every public company having a turnover of 250 crore rupees or more shall annex a Secretarial Audit Report with its Boards report given by company secretary in practice in Form No. MR-3; Pre-certification of e-forms; Duty to report fraud; Appointment as Administrator (Section 259); Company Liquidators (Section 275); Professional assistance to Company Liquidator (Section 291); Qualifications of Tribunal (Section 409); Adjudication of penalties (Section 454);

Company Secretaries in Practice also render services in the following areas:

● Legal, Secretarial and Corporate Governance

● Corporate Restructuring

● Foreign Collaborations and Joint Ventures

● Arbitration and Conciliation

● Financial Management

● Project Planning

● Capital Market and Investor Relations

● Due Diligence

● Corporate Advisory Services

● SEBI Act, SCRA and regulations made there under Depositories Act, 1996

● Exim Policy etc.

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