The Institute of Company Secretaries if India

IN PURSUIT OF PROFESSIONAL EXCELLENCE
Statutory body under an Act of Parliament
(Under the jurisdiction of Ministry of Corporate Affairs)

Academics:NET/Recg./2019:1

August 28,2019

Shri Dhotre Sanjay Shamrao
Hon’ble Minister of State for FIRD
Government of India
126-C, Shastri Bhawan, New Delhi

Sub: Request for recognition to Company Secretaryship Qualification as equivalent to Post Graduate degree for Appearing in UGC-National Eligibility Test (NET) for becoming eligible for Assistant/Associate Professor/Professor

Respected Sir,

Your good self may kindly aware that fifty-six (56) Universities across India have recognized the Company Secretary qualification as equivalent to post graduate degree for pursuing Ph.D. in Commerce/Management/Law disciplines. Company Secretary Qualification has also been recognized by the Association of Indian Universities as equivalent to Post-Graduate Degree for the purpose of registration to Ph.D. in Commerce and Allied disciplines. List of universities recognized CS qualification and letter received from Association of Indian Universities is enclosed as Annexure-I and Annexure II respectively.

The Institute has a full-fledged academic and research wing and encourages its members to undertake research. There are wide range of areas like Corporate Laws, Corporate Governance, Corporate Social Responsibility, Capital Market, Finance, International Business, Accounting, Management, etc. where our members have the expertise, academic acumen and interest in undertaking research.

The members of the Institute occupy senior positions in corporate hierarchy. Section 203(3) of Companies Act, 2013 provides that every company belonging to such class or classes of companies as may be prescribed shall have the Company Secretary as whole-time key managerial personnel.

The expertise of the members of the Institute has also been recognized in academic field. Many CS members are involved in the field of teaching/training and acting as guest faculty in Universities/Colleges and other Academic Institutes.

The Institute regularly revises its syllabus to keep it contemporary to the changes taking place across the Economy. The syllabus for Company Secretaryship course is carefully designed after having bench marked with Nationally Accredited Bodies and its counterparts in jurisdictions abroad.

A Company Secretary studies the following papers extensively in two stages (Executive & Professional):

Executive Programme Professional Programme
Module — 1 Module-1
1. Jurisprudence, Interpretation & General Laws 1. Governance, Risk Management, Compliances and Ethics
2. Company Law 2. Advanced Tax Laws
3. Setting up of Business Entities and Closure 3. Drafting, Pleadings and Appearances
4. Tax Laws
Module — 2 Module — 2
5. Corporate & Management Accounting 4. Secretarial Audit, Compliance Management and Due Diligence
6. Securities Laws & Capital Markets 5. Corporate Restructuring, Insolvency, Liquidation & Winding-up
7. Economic, Business and Commercial Laws 6. Resolution of Corporate Disputes, Non-Compliances & Remedies
8. Financial and Strategic Management
Module — 3
7.Corporate Funding & Listings in Stock Exchanges
8. Multidisciplinary Case Studies (The examination for this paper will be open book examination)
9. Electives 1 paper out of below 8 papers
9.1 Banking — Law & Practice

9.2 Insurance— Law & Practice

9.3 Intellectual Property Rights— Laws and Practices

9.4 Forensic Audit

9.5 Direct Tax Law & Practice

9.6 Labour Laws & Practice

9.7 Valuations & Business Modelling

9.8 Insolvency — Law and Practice

(The examination for this paper will be open book examination)

A copy of the current syllabus is placed in detail as Annexure-III for your kind reference.

A student who has passed class XII is eligible to undertake the Company Secretary (CS) Programme. On an average, spends around 3 years pursuing the Academic Part of the Company Secretary (CS) Course, from Foundation Level to Professional Level through the Executive Level. After clearing the Company Secretary (CS) Professional Level Examination, a student needs to undergo a One-Year Practical Training under Various Companies and Firms to acquire Practical Skills. Further, it is mandatory for a Professional Level Pass Student to undergo a 15-day Management Skill Orientation Programme to become eligible to get Company Secretary (CS) Membership.

Company Secretaries have been engaged in Academic Profile in Various Colleges and Universities as Adjunct Professor /Assistant Professor/ Professor/ Dean, etc.

In consideration with the information shared above, we humbly request you to kindly consider recognizing Company Secretary Qualification equivalent to a Post Graduate degree for Appointment as Assistant Professor, Associate Professor and Professor in Universities and Colleges, eventually making them eligible to take NET (National Eligibility Test) or may be exempted therefrom to be eligible for Assistant Professor, Associate Professor and Professor in Universities and Colleges.

This refers to the earlier University Grants Commission (UGC) notification vide file No. F3-1/2009 dated 30th June, 2010 “UGC Regulations on Minimum Qualifications for Appointment of Teachers and Other Academic Staff in Universities and Colleges and Measures for the Maintenance of Standards in Higher Education (2010)” in Essential Category 4.4.5 which includes the CS qualification as essential qualification for the appointment of Assistant Professor, Associate Professor and Professor. The qualifications prescribed under Regulations for appointment of Assistant Professor, Associate Professor and Professor in Universities and Colleges in the area of Management/Business Administration. Relevant Extract is attached as Annexure IV.

We shall be pleased to provide any further information desired by your good self in this regard.

Thanking you.

Yours’ Sincerely

(CS Ranjeet Pandey)
President

Source- https://www.icsi.edu/media/webmodules/HRD_Minister_(State)-Library.pdf

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