BENEFITS OF CS as a
profession
BY SHWETA DHADWAL
REG NO.: 240158740/09/2013
A CS IS A PERSON WHOM
1. Every Board Member Values
2. Who understand and have
knowledge of the laws and ensure
their compliance by the
corporations
The Company Secretaries are
rendering value added services to
the trade and industry and are
acting as extended arms of the
regulatory mechanism
CS as a profession has
transitioned from just a
support person to a key
governance role in the
corporates.
CS works in following
areas:
Corporate Governance
and Secretarial works
Financial Market Services
Management Services
CS as a KMP
Company Secretary has been recognized as Key Managerial Personnel along with the Chief Executive
Officer/managing director/manager, whole-time director and Chief Financial Officer.
Being Key Managerial Personnel, Company Secretary is required to be mandatorily appointed in every
company belonging to such class or classes of companies as may be prescribed
Functions of the company secretary have been codified in the Companies Act, which include:1. to report to the Board about compliance with the provisions of this Act, the rules made there under
and other laws applicable to the company;
2. to ensure that the company complies with the applicable secretarial standards;
3. to provide to the directors of the company, collectively and individually, such guidance as they may
require, with regard to their duties, responsibilities and powers; and
4. to assist and advise the Board in ensuring good corporate governance and in complying with the
corporate governance requirements and best practices ;
5. other specified functions
CS in in secretarial works
 Secretarial Audit
Every listed company and (a) every public company
having a paid-up share capital of 50 crore rupees or
more; or (b) every public company having a turnover of
250 crore rupees or more shall annex a Secretarial Audit
Report with its Board’s report given by company
secretary in practice in Form No. MR-3;
CS as a GST Practitioner
Company Secretaries being corporate
legal experts can practice as a GST
Practitioner under the indirect tax regime.
GST has provided a great opportunity to a
CS to appear as an authorised
representative before any officer or
department
CS as a Insolvency Practitioner
The Companies Bill ,2011 proposes a large role of
professional like Companies Secretaries in the
process of revival, rehabilitation, and winding up
of the Companies.
These regulatory prescriptions will open new
areas of practice for Companies Secretaries.
RIGHT TO LEGAL REPRESENTATION
As per Section 432, A party to any proceeding or appeal before the
Tribunal or the Appellate Tribunal, as the case may be, may either
appear in person or authorize one or more:-
Chartered accountants; or
Company secretaries; or,
Cost accountants; or,
Legal practitioners; or,
Any other person like officer of the company.
THE COMPANY SECRETARY
 Is a vital link between the company and its Board of
Directors, shareholders, government and regulatory
authorities and all other stakeholders.
 Ensures that Board procedures are followed and
regularly reviewed and provides guidance to
Chairman and the Directors on their responsibilities
under various laws.
 Commands high position in the value chain and acts
conscience seeker of the company