The Company Secretary (CS) exam is a professional examination conducted by the Institute of Company Secretaries of India (ICSI). Becoming a Company Secretary is a prestigious and demanding career path that involves legal, managerial, and corporate governance responsibilities within an organization.
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The CS exam is designed to test candidates' knowledge and
understanding of various laws, regulations, and practices related to corporate
governance and company secretarial practices. Here's an overview of the CS
exam:
1. Levels of CS Exam
The CS exam is conducted at three levels:
- Foundation
Program
- Executive
Program
- Professional
Program
2. Subjects and Syllabus
The subjects for each level vary, covering a wide range
of topics including:
- Business
Environment and Law
- Ethics and
Sustainability
- Financial and
Strategic Management
- Corporate and
Management Accounting
- Tax Laws
- Corporate Laws
and Governance
- Economic,
Business, and Commercial Laws
- Securities
Laws and Capital Markets
- Advanced Tax
Laws and Practice
- Drafting,
Pleadings, and Appearances
3. Examination Format
The examination format includes a mix of objective and
subjective questions, including multiple-choice questions (MCQs), descriptive
questions, and case studies.
4. Passing Criteria
Candidates need to score a minimum of 40% in each subject
and an aggregate of 50% in all subjects of a particular level to pass.
5. Examination Schedule
The CS exams are held twice a year, generally in June and
December.
6. Preparation
Preparing for the CS exam requires a thorough
understanding of the subjects and regular practice. Candidates often refer to
ICSI's study materials, previous years' question papers, and recommended
reference books.
7. Practical Training
Alongside the exams, candidates need to undergo practical
training to gain hands-on experience in company secretarial and related
matters.
8. Professional Membership
After successfully completing the Executive and
Professional Programs and the required training, candidates become eligible for
Associate Membership of ICSI and can use the title "ACS" (Associate
Company Secretary).
9. Further Specialization
After becoming an ACS, one can pursue further
specialization through a post-membership qualification like the
"Professional Programme in Governance, Risk Management, and
Compliance."
10. Continuous Professional Development
As a professional Company Secretary, individuals need to
engage in continuous professional development to stay updated with evolving
laws and regulations.
Becoming a Company Secretary is a rewarding career
choice, particularly for those interested in corporate law, governance, and
management. The exam is challenging and demands dedication and hard work, but
it opens up opportunities in various sectors, including corporate
organizations, legal firms, and consultancy services related to corporate
governance and compliance.
Written by: Khushi Khandelwal
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