Company Secretary

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Company Secretary

Section 143(1) intimation has to be sent within one year from the end of the financial year in which return is being filed. For eg: if the taxpayer has filed return pertaining to the financial year 2021-22 in July 2022, intimation can be sent any time till 31 March 2023. If a taxpayer does not receive any intimation within such period, it simply means there are no adjustments carried out to the return filed by the taxpayer and no change in tax liability/refund, and the acknowledgement filed itself is deemed to be Section 143(1) intimation.

Terms and conditions

Company Secretary

Company secretaries are different from general secretaries or administrative staff. By law, public companies must have a company secretary, and, while private companies aren’t required to appoint one, many do because they recognise the importance of employing someone who is responsible for making sure the company is meeting legal requirements.

Typical duties
Company secretaries are typically responsible for:

  • convening and providing administration for annual general meetings (AGMs): for example, producing agendas, taking minutes, conveying decisions and handling meeting correspondence.
  • providing legal, financial and/or strategic advice during and outside of meetings.
  • advising directors and members of the senior leadership team on corporate governance matters.
  • keeping up to date with regulatory or statutory changes and policies that might affect the organisation.
  • ensuring that policies are up to date and are approved.
  • communicating with external professionals involved in corporate governance, such as auditors.
  • in public companies, acting as a point of contact and building good relationships with shareholders.
  • implementing processes or systems to help ensure good management of the organisation or compliance with legislation.

In some organisations, the work of a company secretary is carried out by an existing member of staff (such as an office manager , for example) alongside other work. In addition, some organisations outsource their company secretary work (rather than employing a company secretary in-house) and so company secretaries can also be self- employed or work for an agency offering company secretariat services.
Qualifications and training required
You can become a company secretary with either school leaver or degree-level qualifications. Entry-level company secretary vacancies, sometimes known as assistant or trainee roles, often require an undergraduate degree, but a few are open to school leavers and apprentices. Where a degree is requested, subjects related to law, finance and business are advantageous but not always essential.
Company secretaries for public companies need to have chartered accountancy, management accountancy or legal qualifications, have (typically) at least five years’ experience in a similar role or be a member of the Chartered Governance Institute UK and Ireland.

Key skills for company secretaries

  • Strong  organisational and administrative skills  .
  • Meticulous attention to detail.
  • Enthusiasm for keeping up to date with legislation .
  • Communication and interpersonal skills.
  • Discretion and diplomacy.

Company Secretary FAQ'S

01.Are a company secretary and general counsel the same thing?

No. The positions of company secretary and general counsel are technically different, but their duties may overlap significantly.

02.When should a person choose CS (Company Secretary) as a career?

Anyone who is more theoretical in his or her approach may prefer choosing CS as a career option. Also, a person interested in law must go for CS as the exam involves core subjects like corporate law, SEBI law, IBC law, and other laws.

03.How much time does it take to become a CS?

Considering the best-case scenario, where a student is able to crack all the exams in one attempt, it will take around 3 years for him/her to get the CS degree. He/ She can appear for CSEET just after appearing 10+2; and after one year he/she can choose to appear for CS Executive and on completing Executive, during the tenure of 21 months training, he/she can complete the CS Professional Exams.

04.Can My Employer See My Internet Activity On My Personal Phone?

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05.Which exams are to be cleared to become a CS?

There shall be three levels to be cleared to become a CS: CSEET- Computer-based entrance level examination with objective questions Executive Programme- Second Level Exams with two modules, four papers in each. Professional Programme- Third and final level of Exams with three modules, three papers each.

06.Is there any caste-based reservation in the CS course?

No. ICSI does not even restrict entry as there is no concept of limited seats. This course provides an equal opportunity for every student to participate and the qualification is provided to them purely based on stipulated exams. However, it must be noted that a 50% Fee concession is provided to SC/ST students to support backward sections of the society.

07.What is the age limit to pursue the CS course?

Candidates should be above 17 years of age before CS Executive exam as per the eligibility criteria prescribed by ICSI. However, there is no maximum age limit to apply for CS programme. It must be noted that a person is eligible for the Associate Membership of the Institute only after attaining 21 years of age. In short, no one can attain the CS Degree before 21 years of age, though he/she can appear and pass the exams.

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