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Job Opportunities for Company Secretaries

With the way the Indian economy is growing and integrating with the world economy, there will be a sharply increasing demand for company secretaries both in job and in public practice. Further, as global integration of the Indian economy grows, company secretarial services will be more in demand. With corporate governance and compliance management-related services being provided by company secretaries gaining momentum, more and more bright students are joining the course as they find this profession challenging and promising. The future of this course looks indeed brighter for all those who decide to take on the mantle.

Following are the areas where company secretaries can provide their services to the companies and management:

Secretarial Audit:
A large number of companies are going for secretarial audit to keep track of practices and processes being followed by the company in these areas. The idea is to see that internal audit trail is maintained and the investors and shareholders are also entitled to good services.

Corporate Law:
This is the core areas of specialization of company secretaries and one of the most lucrative career opportunities available to them. A good number of experience and willingness to keep oneself abreast of the latest developments in the field can fetch very good returns to persons expert in the area.

Corporate Advisory Services:
The services of Company secretaries are also utilized in the areas of corporate restructuring, capital reorganization, mergers and acquisitions, takeovers and compliance etc.

Certification:
A number of regulatory requirements such as corporate governance compliance etc. require certificate from the practicing company secretaries and is a good opportunity to professionals.

Audit and Inspection:
Services of Company secretaries are also much in demand in case of complex audit of company records and minutes of meeting and other areas where compliance with various statues is required.

Investment Banking:
Whenever a company is coming out with initial public offer or a rights offer or a mutual fund brings out it new fund offer, it has to file a draft prospectus and comply with regulatory requirements relating to full and adequate disclosure and that nothing is omitted. Company secretaries help management prepare these documents and see that requirement is complied with.

Compliance:
Company Secretary is the chief compliance officer of many companies and is required to ensure compliance with all the legal requirements. He also acts as a liaison officer of the company with lawyers in case of any court case or other legal matters. He is the chief corporate legal advisor of the management in terms of corporate law and securities laws.

Thos who want to pursue a career in the field are expected to have a strong conceptual base in Corporate Law and be well conversant with listing requirements, SEBI Regulations, statutory compliances, investor services, secretarial procedures and corporate governance norms.

In addition, excellent communication skills are a prerequisite. Aspirants for a career in the Secretarial function should demonstrate the drive and commitment to keep abreast of developments in the legislative environment and the willingness to expand bandwidth through contemporary learning.