The career of a company secretary is solely for dedicated people who have the ability to pay attention to detail. The corporate secretary must be able to communicate effectively with people from all other departments in the company to ensure that company practices are legally and financially acceptable.
The main purpose of the company secretary is to ensure that the company complies with all legal requirements by performing tasks often entrusted to legal counsel.
Most company secretaries work for companies. Your main goal is to specialize in these specialized corporate departments and ensure that they operate in accordance with state laws. However, some experienced company secretaries prefer to work as freelancers on fixed-term contracts from various companies.
CAREER PROSPECTS IN COMPANY SECRETARY:
After the era of globalization, the Indian economy and corporate sector has undergone drastic changes resulting in increased employment in the fields of law, finance, accounting, secretarial and administration. Here the role of the company secretary in carrying out these tasks effectively becomes very important. In addition to the private sector, the public sector also employs CS.
1. SALARY:
Company secretaries usually earn an amount commensurate with their level of experience in the field. As a result, entry-level salaries are usually modest, but there is plenty of room for raises. In India, the newer starting monthly salary of CS can range from Rs. 25,000 to Rs 40,000. And there is a lot of room for improvement here, as experience and well-known employers can increase the salary of a company secretary with a varnish per month depending on the company. With experience and qualifications, company secretaries earn a very respectable salary.
2. RESPECT AND APPENDIX:
There are a number of benefits associated with a corporate secretary. One of the main reasons people choose this career path is because of the high profit potential in the field. In addition, unlike many other related disciplines, work usually does not require overtime. Fixed deadlines usually attract large crowds to the field. In addition, company secretaries are highly respected in their organization. All departments in all companies rely on them to ensure that their operations comply with the law. The position of Company Secretary is very competitive and it is not easy to become a Company Secretary. Company Secretaries typically receive several non-monetary benefits, including paid vacation, insurance, and access to credit for housing and transportation, and sick leave. Company Secretaries are employed in private, public and foreign companies. Some of the key companies that hire these professionals are MNCs, BPOs , KPOs, Airport Authority of India, Bharat Earth Movers Limited (BEML), Neyveli Lignite Corporation Limited, ONGC, BHEL, PSU’s, Bureau of Public Enterprises, Government Financial Institution, Stock Exchange.
3. REQUIREMENTS:
Company secretaries are needed wherever there is a commercial and office environment. As a result, larger cities usually have more opportunities for future corporate secretaries. This is also true in India, and larger urban centres and business centres create more jobs for people in the region.
4. COMPETITION:
The number of Company secretaries has increased, but they are still not enough to meet the high demand for the position. Because of the huge growth and profit potential, many people are looking for such jobs. New openings are rare due to the unfavourable economic climate. Due to this combination, the competition is fierce and only the most qualified people can find a job as a company secretary.
Wrapping up:
With roles and responsibilities of Company Secretaries in India and their responsibilities. Because CS professionals understand the complexities of the law, shareholders and management must rely on them in all these matters to avoid compliance violations that could lead to good business conduct.
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