Company secretary has important role
I completed my B.Tech (Mechanical) in 2009. I joined Company Secretary course, recently and have completed the executive programme. Now I am appearing for the professional programme in June 2011. What will the future career prospectus be for me?
M. V. S. Anil Kumar Rajagiri,
Vizag
Company secretary course is a good choice. There is acute shortage of qualified company secretaries in India.
The corporate sector is ever growing and every public limited company has to have a company secretary to meet its statutory obligations such as filing of annual statements with the stock exchange and department of company affairs.
Even in the day-to-day transactions of business the company secretary has many responsibilities that he has to discharge on behalf of the organisation.
A company secretary's functions include advising companies on compliance of legal and procedural aspects, particularly under SEBI Act, Securities Contracts (regulation) Act
Depositories Act and is instrumental when it comes to forming mergers, amalgamations and strategic alliances or foreign collaborations and joint ventures. He is responsible for drafting all legal documents of the company and preparing various returns and reports required for compliance with the tax laws and regulations under Income Tax, Excise and Customs laws, Service Tax and other applicable taxes.
Besides the statutory duties, a secretary discharges a number of general duties such as to carry out the orders of the board of directors and also assists the board in formulation of various policy decisions.
The role of a secretary is vital to the very functioning of a company.
His/her advice is sought by the management in various matters of business. In case the company defaults on any legal and statutory obligation, the secretary can be fined in his personal capacity.
The company secretary has a very important role to play in the business of an organisation.
He commands respect for his role and the remuneration is also very high compared to other positions.
A fresh candidate with company secretary qualification can expect to get anywhere between Rs. 25,000 to 35,000 per month depending on the size of the company.
With each year of experience you add to your service the remuneration multiplies manifold.
Most company secretaries opt to get a legal degree in such BL.
This will help them to understand the exact operation of a particular act and will be prepared to act legally when it is necessary to go to court on behalf the company they represent if necessary.
T. MURALIDHARAN
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