Steps to Become Company Secretary

Steps to Become a Company Secretary

Introduction

A Company Secretary ensures that a company adheres to all legal and regulatory requirements, providing critical support in governance, compliance, and corporate administration. For those aspiring to become a Company Secretary, the journey involves a series of well-defined stages that equip them with the necessary knowledge and skills to excel in this pivotal role. This comprehensive guide will walk you through each stage, from understanding the role to pursuing continuous professional education.

Understanding the Role of a Company Secretary

A Company Secretary is a key managerial personnel in a company, responsible for ensuring that the organization complies with statutory and regulatory requirements. They act as a bridge between the board of directors, shareholders, and regulatory authorities, ensuring smooth communication and adherence to governance practices. The CS also handles corporate law, secretarial audits, compliance management, and due diligence. Their expertise in these areas helps maintain the company’s integrity, efficiency, and compliance with the law.

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Educational Requirements

The new scheme officially came into effect on July 1, 2023, as per the announcement in the Indian Gazette on June 22, 2023. The first examinations under this scheme will be held in May 2024. This update requires current and prospective CA students to plan their studies according to the new structure and guidelines provided by ICAI.

The journey to becoming a Company Secretary begins with fulfilling the educational prerequisites. There are two main entry points:

Entry Point Eligibility
After 10+2 Pass or Equivalent Students can join the Foundation Programme, which lays the groundwork for further studies in this field.
After Graduation Graduates can directly enroll in the Executive Programme, bypassing the Foundation Programme.

The courses are structured to provide a robust foundation in various aspects of company law, governance, and management, regardless of the student’s previous academic background.

Enrolling for Company Secretary Course

To enroll in the Company Secretary course, students must register with the Institute of Company Secretaries of India (ICSI). Admission is open throughout the year, with examinations conducted twice annually, in June and December.

Programme Cut-off Dates for Admission
Foundation Programme 31st March (for December exams), 30th September (for June exams)
Executive Programme 28th February (for both modules in December exams), 31st May (for single module in December exams), 31st August (for both modules in June exams), 30th November (for single module in June exams)

Clearing the Examinations

The CS course is divided into three stages:

Programme Modules and Papers Subjects
Foundation Programme 4 Papers Business Environment and Law, Business Management, Ethics & Entrepreneurship, Business Economics, Fundamentals of Accounting and Auditing
Executive Programme 2 Modules, 8 Papers Module I: Jurisprudence, Interpretation & General Laws, Company Law, Setting Up of Business Entities and Closure, Tax Laws <br> Module II: Corporate & Management Accounting, Securities Laws & Capital Markets, Economic, Business and Commercial Laws, Financial and Strategic Management
Professional Programme 3 Modules, 9 Papers Module I: Governance, Risk Management, Compliances and Ethics, Advanced Tax Laws, Drafting, Pleadings and Appearances <br> Module II: Secretarial Audit, Corporate Restructuring, Resolution of Corporate Disputes <br> Module III: Corporate Funding & Listings in Stock Exchanges, Multidisciplinary Case Studies, Electives (Choose 1 out of 8 subjects)

Practical Training and Internships

Practical training is an integral part of the CS course, providing hands-on experience in the corporate environment. The training structure has been modified to include long-term internships with specified entities.

Training Duration Stage
Three years On registration to the Executive Programme
Two years After passing the Executive Programme
One year After passing the Professional Programme

Additionally, students must complete a 15-day Management Skills Orientation Programme (MSOP) to enhance their managerial abilities.

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Registering as a Member of the Institute

Upon successfully completing the Professional Programme and the required training, candidates can register as members of the ICSI. This registration is crucial for practicing as a Company Secretary. Members are entitled to use the designation ‘ACS’ (Associate Company Secretary) and can further advance to ‘FCS’ (Fellow Company Secretary) based on their experience and contributions to the profession.

Continuing Professional Education

Continuing Professional Education (CPE) is essential for staying updated with the latest developments in laws, regulations, and corporate governance practices. ICSI mandates that members participate in ongoing education programs, workshops, and seminars to maintain their professional competence. This commitment to lifelong learning ensures that Company Secretaries can provide the best possible advice and services to their organizations.

Career Opportunities and Growth

The career opportunities for Company Secretaries are diverse and rewarding. They can work in various sectors, including corporate, government, finance, and consultancy.

Career Roles Description
Company Secretary Ensures compliance with statutory and regulatory requirements, manages board meetings, and maintains corporate records.
Compliance Officer Ensures that the company adheres to internal policies and external regulations.
Corporate Governance Advisor Advises on best practices in corporate governance, risk management, and compliance.
Legal Advisor Provides legal guidance on corporate matters, mergers and acquisitions, and other business transactions.
Chief Financial Officer (CFO) Manages the financial actions of a company, including financial planning and financial risk management.
Chief Executive Officer (CEO) Oversees the overall operations of a company and is the highest-ranking executive in an organization.
Board Director Participates in decision-making processes at the highest level, influencing the strategic direction of the company.

Conclusion

Company Secretary is a prestigious and fulfilling career choice, offering numerous opportunities for growth and advancement. The journey involves rigorous academic training, practical experience, and a commitment to continuous professional development. By following the stages outlined in this guide, aspiring Company Secretaries can build a successful and impactful career, contributing to the integrity and efficiency of the corporate world. At Amit Bachhawat Training Forum, we are dedicated to supporting you through every step of this journey, ensuring you have the knowledge and skills needed to excel in this vital profession.

ICAI CA Final Result May 2024

ICAI CA Final Result May 2024: Achieve Your CA Dreams with Amit Bachhawat Training Forum

Introduction

As we eagerly await the ICAI CA Final Result for May 2024, Amit Bachhawat Training Forum ensures you are not only prepared for the outcome but also equipped for the bright future ahead. With our expert guidance and steadfast support, we have empowered numerous students to achieve their CA dreams. This is our detailed guide for our students to unveils essential details about the upcoming CA Final Result, and help you on how to check it and outlining steps to enhance your success.

CA May Result 2024 & Date and Time of CA May Result 2024

The May 2024 Chartered Accountants Final Examinations have rigorously tested knowledge and skills, eagerly awaited by aspirants. This pivotal day, set for 11th July 2024, will open new doors and opportunities for dedicated students.
The ICAI CA Final Result for May 2024 will be officially announced on 11th July 2024 at 11:00 AM. Mark your calendars to stay informed.

Steps to Download CA May Result 2024

Amit Bachhawat Training Forum ensures you have all necessary information at your fingertips.
Follow these steps to check your CA Final May 2024 results:
1. Visit the ICAI Official Website: Go to icai.nic.in.
2. Click on “Results”: Navigate to the results section.
3. Select “Final (New)”: Choose the CA Final (New) option.
4. Enter Details: Input your ICAI Final Roll number and Registration number or PIN.
5. Submit and View Result: Click on “Check Result” to view your result. Print a copy for future reference.

Details Mentioned on the CA May Result 2024

Your CA Final scorecard will include:
● Your Name
● Registration Number
● Roll Number
● Result Status of Each Group
● Total Marks Obtained
● Marks Obtained in Each Group
● Grade
● Overall Result (Pass/Fail)
● Rank (If Applicable)
● Qualification Status (Chartered Accountant or Not)
● Percentage
● Certificate of Practice (COP) Eligibility (If Mentioned)

Verification of Results

If you believe there has been an error in your results or you are not satisfied, apply for verification of marks:
● Apply Within One Month: Log in to the ICAI website.
● Fees: Rs. 100 per subject or Rs. 400 for all subjects.
● Certified Marksheet: Apply online for certified copies for Rs. 500. ICAI will provide them
within 30 days.

Next Steps for CA Inter & CA Final Pass Outs

Steps For CA Inter Pass Out

1. Register for Articleship: Gain practical experience under a certified CA.
2. Continue Your Studies: Prepare for the CA Final exams with a structured study plan.
3. Join Amit Bachhawat Training Forum: Our comprehensive programs and experienced faculty will help you excel in articleship and prepare effectively for the CA Final exams.

Steps For CA Final Pass Out

1. Apply for Membership: Join ICAI and become a certified CA.
2. Pursue Advanced Certifications: Consider credentials like CISA, CFA, or CPA to enhance your qualifications.
3. Gain Practical Experience: Start working in reputable accounting firms or organizations.
4. Choose a Specialization: Focus on areas like taxation, audit, finance, or consulting.
5. Consider Further Education: Explore options like an MBA or specialized courses.
6. Entrepreneurship: Begin your own practice and offer expert services.
7. Networking and Development: Engage in professional development and attend industry
conferences.

How to Check ICAI Final Result May 2024 by SMS?

Receive your ICAI CA Final result via SMS:
1. Create a New Message: Format as CAFNLNEW (space) XXXXXX (your 6-digit roll number).
2. Send the Message: Send it to 57575. This service is available for all mobile networks.

Pass Percentage and Toppers

CA Final Pass Percentage May 2024:
● Group 1: Appeared – 65,294, Passed – 6,176, Pass Percentage – 9.46%
● Group 2: Appeared – 62,679, Passed – 13,540, Pass Percentage – 21.6%
● Both Groups: Appeared – 32,907, Passed – 3,099, Pass Percentage – 9.42% The merit list will feature the top 50 rankers, showcasing their hard work and dedication.

The CA Final Result for May 2024 marks a significant milestone in your Chartered Accountancy journey. With Amit Bachhawat Training Forum, you can achieve unparalleled success. Our expert faculty, comprehensive study materials, and proven track record make us the preferred choice for CA aspirants. Whether you’re just starting your CA journey or aiming to enhance your qualifications post-results, join Amit Bachhawat Training Forum today and embark on a successful CA career! Visit our website or contact us to learn more about our programs and how we can help you achieve your dreams.

CA 2024 Exam Dates By ICAI

Introduction

The Institute of Chartered Accountants of India (ICAI) has recently unveiled the examination schedule for the upcoming Chartered Accountants (CA) examinations scheduled in 2024. This crucial announcement brings forth essential information for aspiring Chartered Accountants, including the dates for Foundation, Intermediate, Final, and International Taxation – Assessment Test (INTT – AT) Examinations.

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Overview

Before delving into the specific exam dates, let’s take a comprehensive overview of the key details outlined in the ICAI announcement:

  • Examination Levels: Foundation, Intermediate, Final, and INTT – AT
  • Exam Duration: Ranges from 2 to 6 hours, depending on the paper
  • Modes: Exams will be conducted both in various cities across India and in eight overseas locations.

FOUNDATION COURSE EXAMINATION DATE

The Foundation Course Examination, a pivotal step for aspiring Chartered Accountants, has its exam dates set for the 20th, 22nd, 24th, and 26th of June 2024. Aspirants are advised to mark their calendars and initiate their preparations accordingly.

INTERMEDIATE COURSE EXAMINATION DATE

For Intermediate-level candidates, the exam schedule is divided into two groups:

Group Exam Dates
1 3rd, 5th & 7th May 2024
2 9th, 11th & 13th May 2024

Time management and thorough preparation are crucial for success at this level.

FINAL COURSE EXAMINATION DATE

The Final Course Examination, the ultimate stage before becoming a certified CA, has its exam dates set as follows:

Group Exam Dates
1 2nd, 4th & 6th May 2024
2 8th, 10th & 12th May 2024

The rigor of the exams reflects the comprehensive nature of the content.

ONLINE FILLING UP OF EXAMINATION FORMS

To streamline the examination process, ICAI has introduced online submission of exam forms. This move towards automation aims to enhance efficiency and accessibility. Candidates are required to apply online at ICAI Self Service Portal for the May / June 2024 Exam and pay the requisite examination fee online.
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Exam Fees

The examination fees for various courses vary based on the level and the examination center. Below are detailed tables outlining the fees:

Intermediate Course Examination:-

Exam Type Indian Centre(s) Overseas Centre(s) (Excluding Bhutan & Kathmandu) Bhutan & Kathmandu Centre(s)
Single Group ₹1500/- US$ 325 INR ₹ 2200
Both Groups ₹2700/- INR ₹ 3400

 

Final Course Examination:-

Exam Type Indian Centre(s) Overseas Centre(s) (Excluding Bhutan & Kathmandu) Bhutan & Kathmandu Centre(s)
Single Group ₹1800/- US$ 325 INR ₹ 2200
Both Groups ₹3300/- INR ₹ 4000

 

INTT – AT (Post Qualification Course):-

Exam Type Exam Fees
₹2000/-

Foundation Course Examination

Exam Type Indian Centre(s) Overseas Centre(s) (Excluding Bhutan & Kathmandu) Bhutan & Kathmandu Centre(s)
₹1500/- US$ 325 INR ₹ 2200

 

Start Dates, Last Dates:-

  • Commencement of Form Submission: 2nd February 2024
  • Last date without late fees: 23rd February 2024
  • Last date with late fees: 2nd March 2024

Conclusion

The revelation of CA May 2024 Exam Dates by ICAI provides a clear roadmap for aspirants. The comprehensive schedule, inclusion of online form submissions, and transparent fee structure aim to facilitate a smoother examination process. As candidates gear up for this critical phase in their professional journey, diligent preparation and adherence to deadlines will be the keys to success. Keep an eye on the ICAI website for any updates or changes to the schedule, and best of luck to all aspiring Chartered Accountants!

 

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