CS

The Company Secretary (CS) course in India is a professional program offered by the Institute of Company Secretaries of India (ICSI). Here are key details about the CS course:

  • Levels of CS Course:
    • The CS course consists of three levels: Foundation, Executive, and Professional.
  • Eligibility:
    • For the Foundation level, candidates who have passed the 10+2 examination are eligible to apply.
    • For the Executive level, graduates of any discipline (except Fine Arts) can apply.
    • For the Professional level, candidates need to have cleared the Executive level of the CS course.
  • Registration:
    • To enroll in the CS course, candidates must register with the ICSI.
    • Registration is open throughout the year.
  • Examinations:
    • The CS examinations are conducted twice a year, in June and December, for all three levels.
    • The examinations include both objective and subjective questions, assessing theoretical knowledge and practical application.
  • Course Structure:
    • Each level of the CS course has a specific curriculum covering subjects related to corporate laws, governance, ethics, finance, and management.
    • The Foundation level has four papers.
    • The Executive level has eight papers, divided into two modules.
    • The Professional level has nine papers, divided into three modules.
  • Training and Practical Experience:
    • After clearing the Executive level, candidates are required to undergo 15 months of practical training.
    • The training can be completed in areas such as company law, secretarial audit, corporate governance, and other related fields.
  • Specializations:
    • In the Professional level, candidates can choose to specialize in areas like Governance, Risk Management, Compliances, Corporate Laws, and more.
  • Dissertation and Pre-exam Training:
    • Candidates are required to submit a dissertation during the Professional program and undergo pre-exam training.
  • Membership:
    • Upon successful completion of all three levels, the practical training, and meeting other requirements, candidates can apply for Associate Membership of ICSI and use the designation of Company Secretary.
  • Post-Qualification Courses:
    • After becoming a qualified Company Secretary, individuals can pursue post-qualification courses offered by ICSI to enhance their knowledge and skills further.

The CS course prepares individuals for a career as Company Secretaries, who play a crucial role in ensuring corporate compliance, good governance practices, and effective communication between the company and its stakeholders. The course is designed to provide a comprehensive understanding of corporate laws, management, and strategic decision-making in the corporate world.

The Company Secretary (CS) Foundation course is the first level of the professional program offered by the Institute of Company Secretaries of India (ICSI). Here are key details about the CS Foundation course:

  • Eligibility:
    • Candidates who have passed the 10+2 examination or its equivalent are eligible to apply for the CS Foundation course.
  • Registration:
    • Interested candidates need to register with the ICSI to enroll in the CS Foundation program.
    • Registration for the CS Foundation course is open throughout the year.
  • Examinations:
    • The CS Foundation examinations are held twice a year, usually in June and December.
    • The exams consist of four papers:
      • Paper 1: Business Environment and Law
      • Paper 2: Business Management, Ethics and Entrepreneurship
      • Paper 3: Business Economics
      • Paper 4: Fundamentals of Accounting and Auditing
  • Course Structure:
    • The CS Foundation course is designed to provide a basic understanding of business environment, law, management, economics, accounting, and auditing.
    • It lays the foundation for advanced studies in subsequent levels of the CS course.
  • Examination Pattern:
    • The examination for the CS Foundation course is conducted in an objective type format, testing the candidates’ understanding of the subjects.
  • Passing Criteria:
    • To pass the CS Foundation exams, candidates need to secure a minimum of 40% marks in each paper and an aggregate of 50%.
  • Training and Orientation Program:
    • After successfully clearing the CS Foundation course, candidates need to undergo a 7-day Orientation Program and pass the computer-based Foundation Examination.
  • Transition to Executive Level:
    • Upon completion of the CS Foundation course and meeting the other prescribed requirements, candidates can progress to the next level, which is the CS Executive course.
  • Registration for Executive Level:
    • Candidates need to register separately for the CS Executive course after clearing the CS Foundation level.

The CS Foundation course is the starting point for individuals aspiring to become Company Secretaries. It provides a fundamental understanding of various aspects related to business, management, law, economics, accounting, and auditing. Successfully completing the CS Foundation course allows candidates to move forward in their journey to become qualified Company Secretaries.

The Company Secretary (CS) Executive course is the second level in the professional program offered by the Institute of Company Secretaries of India (ICSI). Here are key details about the CS Executive course:

  • Eligibility:
    • Candidates who have successfully completed the CS Foundation course or are graduates of any discipline (except Fine Arts) are eligible to enroll in the CS Executive course.
  • Registration:
    • Interested candidates need to register with the ICSI to enroll in the CS Executive program.
    • Registration for the CS Executive course is open throughout the year.
  • Modules and Papers:
    • The CS Executive course is divided into two modules, each consisting of four papers. The modules are as follows:
      • Module I:
        • Paper 1: Jurisprudence, Interpretation, and General Laws
        • Paper 2: Company Law
        • Paper 3: Setting up of Business Entities and Closure
        • Paper 4: Tax Laws
      • Module II:
        • Paper 5: Corporate and Management Accounting
        • Paper 6: Securities Laws and Capital Markets
        • Paper 7: Economic, Business and Commercial Laws
        • Paper 8: Financial and Strategic Management
  • Examinations:
    • The CS Executive examinations are held twice a year, usually in June and December.
    • The exams are conducted in a descriptive mode, testing candidates’ understanding, application, and analytical abilities in various areas of company law, taxation, accounting, and business management.
  • Passing Criteria:
    • Candidates need to secure a minimum of 40% marks in each paper and an aggregate of 50% to pass the CS Executive exams.
  • Practical Training:
    • After clearing the CS Executive exams, candidates are required to undergo a mandatory 15 months of practical training, which includes exposure to various functions of a Company Secretary.
  • Orientation and Professional Development Programs:
    • Candidates need to attend an Orientation Program before starting their practical training.
    • They also need to undergo the Professional Development Program during their training period.
  • Transition to Professional Level:
    • After completing the practical training and meeting other specified requirements, candidates can progress to the final level, which is the CS Professional course.

The CS Executive course builds on the foundation laid in the CS Foundation course, providing a deeper understanding of legal, financial, and management aspects related to corporate governance. Successfully completing the CS Executive course is a significant step toward becoming a qualified Company Secretary.

The Company Secretary (CS) Professional course is the third and final level in the professional program offered by the Institute of Company Secretaries of India (ICSI). Here are key details about the CS Professional course:

  • Eligibility:
    • Candidates who have successfully completed the CS Executive course are eligible to enroll in the CS Professional course.
  • Registration:
    • Interested candidates need to register with the ICSI to enroll in the CS Professional program.
    • Registration for the CS Professional course is open throughout the year.
  • Modules and Papers:
    • The CS Professional course is divided into three modules, each consisting of three papers. The modules are as follows:
      • Module I:
        • Paper 1: Governance, Risk Management, Compliances, and Ethics
        • Paper 2: Advanced Tax Laws
        • Paper 3: Drafting, Pleadings and Appearances
      • Module II:
        • Paper 4: Secretarial Audit, Compliance Management, and Due Diligence
        • Paper 5: Corporate Restructuring, Valuation, and Insolvency
        • Paper 6: Ethics, Governance, and Sustainability
  • Examinations:
    • The CS Professional examinations are held twice a year, typically in June and December.
    • The exams are conducted in a descriptive mode, assessing candidates’ knowledge, analytical skills, and application of concepts in areas such as corporate governance, tax laws, drafting, and compliance.
  • Passing Criteria:
    • Candidates need to secure a minimum of 40% marks in each paper and an aggregate of 50% to pass the CS Professional exams.
  • Practical Training:
    • After clearing the CS Professional exams, candidates need to undergo 15 months of practical training, known as the Management Skills Orientation Program (MSOP).
    • The practical training includes exposure to various functions of a Company Secretary and aims to develop management and leadership skills.
  • Specialization and Electives:
    • In Module II, candidates can choose one elective subject from a list of specified subjects, allowing them to specialize in areas such as banking, insurance, valuation, or international business.
  • Membership and Designation:
    • Upon successful completion of the CS Professional course, practical training, and meeting other requirements, candidates can apply for Associate Membership of ICSI.
    • They can use the designation of Company Secretary and become qualified professionals.

The CS Professional course is the final stage in the journey to becoming a qualified Company Secretary. It emphasizes advanced knowledge in corporate governance, compliance, ethics, and various specialized areas. Successfully completing the CS Professional course opens up opportunities for a rewarding career in corporate governance, legal compliance, and strategic management.

The term “CS Trainee” typically refers to an individual who is undergoing practical training or articleship as part of the Company Secretary (CS) course in India. This training is a crucial component of the CS program and provides aspiring Company Secretaries with hands-on experience in the field. Here are key points related to the CS Trainee role:

  • Practical Training:
    • After successfully completing the Executive level of the CS course, candidates are required to undergo 15 months of practical training. This period is often referred to as articleship or practical training.
  • Designation as a Trainee:
    • During the articleship period, individuals are often referred to as CS Trainees.
    • They work under the supervision and guidance of a practicing Company Secretary or within the corporate sector.
  • Areas of Exposure:
    • CS Trainees gain exposure to various aspects of corporate secretarial functions, including compliance, legal documentation, corporate governance, and other related areas.
  • Training Entities:
    • The training can take place in a Company Secretary’s office, with a company, or a combination of both, based on the regulations set by the Institute of Company Secretaries of India (ICSI).
  • Structured Learning:
    • The articleship is structured to provide a comprehensive learning experience, allowing trainees to apply theoretical knowledge gained during their studies to real-world scenarios.
  • Supervision and Guidance:
    • CS Trainees work under the supervision of a Company Secretary who holds a valid certificate of practice issued by the ICSI.
    • Regular interactions, reviews, and guidance ensure a well-rounded training experience.
  • Responsibilities:
    • CS Trainees may be involved in tasks such as filing documents with regulatory authorities, attending meetings, drafting legal documents, and assisting in compliance matters.
  • Orientation Program:
    • Before starting their articleship, individuals are typically required to undergo an Orientation Program, which provides insights into the practical aspects of the Company Secretary profession.
  • Professional Development:
    • The articleship period contributes to the professional development of CS Trainees, helping them develop skills and competencies necessary for their future role as qualified Company Secretaries.

It’s important to note that the terms used may vary, and in different contexts, individuals undergoing practical training might be referred to as trainees, interns, or articled clerks. In the CS course, the term “CS Trainee” specifically refers to individuals undergoing practical training as part of their professional development.

1. Why CS?
• CS course prepare individuals to perform critical corporate governance, compliance, and management roles, making them valuable assets to any organization.

• Moreover, completing CS course also leads to professional recognition and opens up the new career opportunities for individuals.

2. Future of CS
• CS course opens doors to roles like company secretary, corporate governance advisor or compliance officer leading to attractive salary packages and benefits.
• Increasing corporate focus on good governance has elevated the demand for Company Secretaries, establishing them as crucial professionals in advising boards and ensuring rule compliance.
• CS course fosters ongoing professional development, providing global recognition and access to a network of peers, training, and resources for career progression.
• Holding a CS qualification signifies commitment to ethical and professional standards, earning respect and recognition in the corporate world, enhancing credibility and reputation.

3. Eligibility to register for CS course

CS Entrance Eligibility Test (CSEET)
• To start the CS course, they should have completed their class 10+2 in any discipline except fine arts from a recognized institution. Then they can register for the CSEET. Candidates who passed Class 12 examination in any disciple (except fine arts) from any recognized institution.
Direct Entry Route
• Yes. The Graduates (Minimum 50% Marks) / Post-Graduates can take direct admission in CS Executive Program.
• Additionally, candidates who have cleared the CA foundation examination conducted by the Institute of Chartered Accountants of India (ICAI), or the Foundation course examination conducted by the Institute of Cost Accountants of India (ICMAI) are also eligible for direct admission to the CS Executive program.

4. Course Duration
CS course duration is usually between 3 to 5 years, depending on the time taken by students to clear their exams.

5. Examination Timing
CSEET – June / December
CS Executive – June / December
CS Professional – June / December.

6. Pass Percentage for CS
CSEET
An aggregate of 50% and minimum 40% marks in each subject is the qualifying criteria.

Executive exam
For One or Both Modules:
If taken simultaneously and / or if he/she secures at one sitting, a minimum of 40% marks in each of the papers in which he/she is required to appear and 50% marks in aggregate of all the papers put together and shall be declared to have completed the Executive Programme examination on passing all the modules.

Professional exam
For One or All Modules:
If taken simultaneously and / or if he/she secures at one sitting, a minimum of 40% marks in each of the papers in which he/she is required to appear and 50% marks in the aggregate of all the papers put together.

7. Certifying Authority for CS?
ICSI, The Institute of Company Secretaris of India is the certifying authority. (https://www.icsi.edu/home/)

8. Fees for CS Admission and Examination?

CS Foundation exam
Total fees Rs. 2,000.

CS Executive exam
Total fees Rs. 10600(including Registration fees, Education fees, Pre exam test fee, One day orientation fee and Chartered Secretary Journal subscription fee for 1 year).

CS Professional exam
Total fees Rs. 13000 (including Registration fees, Education fee and Pre exam test fee.)

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