Pay and Remuneration
Company Secretaries are professionals like Chartered Accountants or Doctors and can choose to join an organization as an Employee or start their own practice. As employees, the company secretaries get fairly good salaries. The average pay package is around INR 4.5 lakhs per year for freshly certified Company Secretaries. The pay package increases with experience and one can also establish own practice and can earn pretty well.
A qualified company secretary can work for companies also and can also work as independent professional. For companies with a paid-up share capital of Rs.5 crores or more it is mandatory to appoint a whole time Company Secretary who must be a member of the Institute of Company Secretaries of India. All companies seeking listing on Stock Exchange are required to appoint a whole time company secretary.
Self-Employment/Practising Company Secretaries : After obtaining a ‘Certificate of Practice’ from the Institute, Members of the Institute can go in for Independent Practice. Every company having a paid-up share capital of Rs. Ten Lakhs or more but less than Rs. Five Crores is required to engage the services of a Secretary in Whole-Time Practice for issue of Compliance Certificate. Reserve Bank of India has recognized the Practising Company Secretaries to undertake Diligence Report for Banks.
The CS Course is recognized by the various Universities for admission to PhD Course and Appointment of Lecturers in Commerce & Management.
Is Company Secretary not the career you are looking for? Here is a detailed list of all career options that you can explore.
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