This organization is known as the Institute of Company Secretaries of India (ICSI)
This person's responsibilities include:
An attorney who works for the company and serves as the company's compliance officer.
An authority on corporate law, securities law, and the rules governing the stock market as well as corporate governance
Principal Consultant to the Board of Directors Regarding the Most Effective Methods of Corporate Governance
Responsible for ensuring that the organization complies with all applicable regulations.
Manager of planning and strategy for the corporation
The Function of the Company Secretary
Due to the fact that they are multifunctional professionals, company secretaries provide services in the following domains:
Services Related to Corporate Governance and Secretarial Work
Services Relating to Corporate Governance
Corporate Secretarial Services
Services in the Fields of Secretarial Work, Compliance Auditing, and Certification
Advisory and Representation Services Pertaining to Corporate Laws
Advisory Services Regarding Corporate Laws
Providing Services of Representation
Arbitration & Conciliation Services
Services for the Financial Market
The management of public offerings, listings, and securities
Takeover Code, Insider trading, Mergers & Amalgamation
Services of Compliance and Certification in the Securities Industry
Services in the Fields of Finance and Accounting
Services Relating to Taxation
Services Relating to International Trade and the WTO
Management Consulting and Services
General/ Strategic Management
Communication within Corporations and Relations with the Public
Human Resources Management
Technology based on information
EMPLOYMENT PROSPECTS
Employment opportunities and opportunities to work independently as a practising professional are both available to certified company secretaries.
Employment Opportunities for Company Secretaries
Alongside the Chief Executive Officer/managing Director/Manager, Whole-Time Director, and Chief Financial Officer, the Company Secretary has been designated as Key Managerial Personnel. (part 203 of the Code)
As a member of the Key Managerial Personnel, the Company Secretary is needed to be appointed in each and every company that belongs to the defined class or classes of businesses.
According to Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, such prescribed class is every listed company and every other public company having a paid-up share capital of ten crore rupees or more. These types of companies are required to have key managerial personnel working full-time.
A company that is not a company that is covered under Rule 8 and that has a paid-up share capital of five crore rupees or more is required to have a whole-time company secretary. This is according to Rule 8A, which deals with the appointment of company secretaries in companies that are not covered under Rule 8.
The Companies Act defines the company secretary's duties in detail, which include the following categories of responsibilities:
must provide a report to the Board of Directors about the firm's compliance with the requirements of this Act, the rules adopted there under, and any other laws that apply to the company;
in order to guarantee that the organization is in accordance with the relevant secretarial requirements;
to provide the directors of the business, both as a group and on an individual basis, any kind of direction that the directors of the company may need in reference to their roles, responsibilities, and authorities; and
to provide assistance and advice to the Board in order to ensure excellent corporate governance and to ensure compliance with the requirements and best practices on corporate governance;
additional tasks specifically defined
In a Practicing Capacity as Company Secretary
The following is a list of some of the most significant areas of acknowledgment for company secretary in practice:
Secretarial Audit
a) every public company with a paid-up share capital of 50 crore rupees or more; or b) every public company with a turnover of 250 crore rupees or more is required to annex a Secretarial Audit Report with its Boards report given by company secretary in practice in Form No. MR-3; c) every public company with a turnover of 250 crore rupees or more is required to annex a Secretarial Audit Report with its Boards report; d
e-forms that have been pre-certified;
A duty to report fraudulent activity;
Section 259: Appointment to the Position of Administrator;
Company Liquidators (Section 275);
Providing the Company Liquidator with professional help (Section 291);
Standards for Members of the Tribunal (Section 409);
A determination of the appropriate punishment (section 454);
Additionally, company secretaries in practice provide their expertise in the following domains:
Legal, Secretarial Work, and Governance of Corporations
Corporate Restructuring
Collaborations and Joint Ventures with International Organizations
Conciliation and Arbitration are Two Alternatives
Financial Management
The Planning of Projects
Relations with Investors and the Capital Market
Due Diligence
Advisory Services for Corporations
The SEBI Act, the Securities and Capital Markets Act, and the Regulations Made Thereunder Under the Depositories Act, 1996
Exim Policy etc.