Emerging Areas for Practising Company Secretaries (Practising Company Secretaries Achievements and Way Forward)
Introduction: This comprehensive guide delves into the evolving landscape for Practising Company Secretaries (PCS) and their achievements. It covers the existing practices in compliance and management aspects, detailing professional, consultancy, and certification services. The content then navigates towards emerging areas like IPRs, investigations, valuation, and the multifaceted roles PCS play in today’s dynamic business environment.
Existing Practices
Compliance Aspects-
- Companies Act
- Fema
- Iprs
- Arbitration & Conciliation
Management Aspects-
- Business Promotion
- Project Development
- Strategic Development
Professional, Consultancy, Certification Services
- Company law services
- Services under Securities Contracts (Regulation) Act, 1956 and SEBI ACT, 1992
- Services under the Export & Import Policy and Procedures
- Valuation of stocks, shares, debentures, etc. Services under the Income Tax Act, 1961
- Services under Foreign Exchange Management Act, 1999
- Personnel Services
Certification Under Various Laws
- Annual Certification of a Listed Company under Company Law
- Pre Certification of a company under Company Law
- Compliance Certificate of a company under Company¢ Law
- Certificates for Banks
- FC-GPR under FEMA provisions
- RBI due diligence certificate
- SEBI IODR certification
- Reconciliation of Share Capital Audit under SEBI
- Certificate of extinguishment of Shares (Buy Back)
Precautions For Certifications
- Back up Documents
- Compliance of Law
- Independent Search
- Rewards
Emerging Areas
- IPRs
- Investigation, maintenance, agreements and audits
- Intangible Assets Valuation
- Labor Law Compliance (Certificate/Audits)
- Due Diligence
- GST (Goods and Service Tax) – GST, SGST, IGST, Integrated Goods and Service Tax & UGST
- Insolvency- Resolution process, Liquidation & Bankruptcy
- Valuation of Tangible & Intangible assets (Goodwill & IPR)
In A Nut Shell
PCS Roles :
- As an Advisor
- As an Auditor
- As a Consultant
- As an Academician
- As a Researcher
- As a Director
- As an Entrepreneur
- As a People’s Representative.
Conclusion: The role of Practising Company Secretaries is undergoing a transformative phase, extending beyond traditional compliance practices. This guide outlines the current practices and services, emphasizing the critical role of PCS in emerging areas like IPRs, GST, and insolvency. With a focus on certification services and precautionary measures, the content sheds light on the dynamic and rewarding landscape of this profession. Whether as advisors, auditors, consultants, or entrepreneurs, PCS professionals are integral to shaping the corporate world, and their evolving roles reflect the dynamic nature of modern business.
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