Tuesday, 1 October 2013

Why don't you think about this?

CAREER AS A COMPANY SECRETARY
The Company Secretary is:
  • An in-house legal expert; a compliance officer of the Company.
  • An expert in corporate laws, securities laws & capital market and corporate governance
  • Chief advisor to the board of directors on best practices in corporate  governance
  • Responsible for all regulatory compliances of company
Employment Prospects::
  • A qualified Company Secretary has openings in Employment and as Practicing Independent Professional
  • Company Secretary in Employment
  • Companies with a paid up share capital of Rs.5 crore or more are compulsorily required to appoint a whole-time Company Secretary under section 383A of Companies Act,1956.
  • All companies seeking listing on Stock Exchange are required to appoint a whole-time Company Secretary
  • Membership of the Institute is recognized for appointment to superior posts and services under Central Government
  • Membership of the Institute is a recognised qualification for recruitment from Grade I to Grade IV in the Accounts branch of the Indian Company Law Service.
  • Almost every kind of organization whose affairs are conducted by boards, councils or other association, federation, authority, commission or like , finds it useful to appoint a person who holds the qualification of Company Secretaries in key administrative position.

Stages to become a Company Secretary:
The student who would like to join the Course after 10+2 pass or equivalent has to undergo three stages to pursue the Company Secretaries Course i.e. 
  1. Foundation Programme 
  2. Executive Programme
  3. Professional Programme

The Student who would like to join the Course after passing the Graduation has to undergo two stages of the Company Secretaryship i.e. 
  1. Executive Programme
  2. Professional Programme


Foundation Programme which is of eight months duration can be pursued by 10+2 pass or equivalent students of Arts, Science or Commerce stream (Excluding Fine Arts)
Executive Programme can be pursued by a Graduate of all streams except Fine Arts.

Professional Programme can be pursued only after clearing the Executive Programme of CS Course

ADMISSION TO THE CS COURSE is open throughout the year.  Examinations are held twice a year in June & December.


Cut off dates for admission to CS course:

For Foundation Programme
31st March for appearing in December Examination  in the same year
30th September for June Examination next year
For  Executive Programme
28th February for appearing in both modules in December Exams in the same year 
31st May for appearing in single module in December Examination in the same year
31st August  for appearing in both modules in June Exam in the next year
30th November for appearing in single module in June Examination in the next year.

Cost Accountants


·         Foundation (4 papers) :
·         Std. XII or equivalent at the time of exams.
·         Must have completed 17 years at the time of application.
·         Intermediate Examination (Group I& Group II):
·         Passed Foundation or Graduation or Equivalent.
·         Minimum age: 18 years.
·         Must have got valid registration number.
·         Final Examination (Group III & Group IV)
·         Passed Intermediate Examination.
·         Must have valid registration number.


Career Prospects
·   ICAI’s hold top management positions, viz., Managing Director, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief Internal Auditor.

    Cost Accountants are recognized by the government, public and private sectors for placement at various levels in the fields of Accounting and Management functions.

·   The specialization in costing is an added catalyst for a successful manager and a policy maker.


·   Practice as Cost Accountant. A Cost Accountant may build up his own practice by obtaining a license from the Institute which would enable him to practice as a Cost Accountant, either individually or in partnership with one or more members of the Institute in practice.


Chartered Accountants

Different levels of Chartered Accountancy Course
  • Entry Level Test : Common Proficiency Test
  • First Stage : Integrated Professional Competence Course
  • Final Stage : Final Course

Common Proficiency Course (CPC) / Common Proficiency Test (CPT)
About the Course:
CPT is an entry level test for Chartered Accountancy Course. Student after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto. Students can appear in the CPT after appearing in the senior secondary (10+2) examination conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto. Students after registration to the course are required to complete specified period (i.e. 60 days) from the date of registration to as on the first day of the month in which examination is to be held, i.e., students registered on or before 1st April/1st October will be eligible to appear in June/ December examination, as the case may be. Students who are Graduates/ Post Graduates with prescribed percentage marks or its equivalent grade in the examination conducted by any recognized University (including Open University) or Intermediate level examination passed students of The Institute of Cost Accountants of India or The Institute of Company Secretaries of India are exempted from passing CPT. Such students on fulfilling the requirements can register directly to Intermediate (IPC) course.

Intermediate (Integrated Professional Competence) Course:
This is the first stage of the chartered accountancy curriculum wherein only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final course, advanced application knowledge of core and allied subjects to accountancy profession has been intended to be inculcated. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and three years of practical training after compulsorily during the course of chartered accountancy. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme. 


ELIGIBILITY QUALIFICATION/ REQUIREMENT TO ENROL FOR INTERMEDIATE (IPC) COURSE:
  1. A candidate is eligible for enrolment to any of the level(s) of the Intermediate (IPC) Course on passing the Common Proficiency Test and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
  2. A candidate who has already passed Entrance Examination or Foundation Examination or Professional Education (Examination-I) shall be eligible for enrolment to Intermediate (IPC) Course subject to complying with relevant conditions.
  3. A candidate who was already registered for erstwhile Intermediate/ Professional Education (Course-II)/ or Professional Competence Course cum articleship shall be eligible for enrolment/ conversion to Intermediate (IPC) Course subject to complying with relevant conditions.
  4. Students who are Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) and Candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Common Proficiency Test (CPT) vide Notification No. 1-CA(7)/145/2012 dated August 1, 2012 can register directly in the Intermediate (IPC) Course.
  5. Students who are pursuing the Final year Graduation Course can also register for the Intermediate (IPC) Course on provisional basis and such students registration would be regularised and they can commence practical training only on submission of satisfactory proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of appearance in the final year graduation examination. During the provisional registration period, a student can undergo and complete Information Technology Training (ITT) and Orientation Course. If such student fails to produce the proof within the a foresaid period, his provisional registration shall stand cancelled and the registration and other fees, as the case may be, paid by him shall not be refunded/ adjusted and no credit shall be given for the theoretical education undergone. Student has to register and undergo Orientation Programme and 100 hours ITT at any time after registration to Intermediate (IPC) Course. They shall have to complete the same before commencement of practical training.



Final Exam
  • Held twice every year in the months of May and November. It comprises of two groups. Candidate can appear for groups / group I / group II as the case may be subject to fulfillment of eligibility condition.
  • Eligibility
    • The candidate must have passed the Intermediate/ PE-II/IPCC Examination.
    • The candidate must have obtained Final Course registration number.
    • The candidate must have completed the practical training as required.

Career Prospects
  • Dream career in the specialized areas of Accounting, Auditing, Corporate Finance, Corporate Laws, Taxation.
  • Chartered Accountants are statutorily recognized audit practitioners.
  • Technically equipped to act as management consultants.
  • As practitioners of public accounting, CAs may start Professional practice as a proprietor or join any existing firm as a partner or staff member.
  • Many Chartered Accountants hold responsible positions in business or industrial firms as CEOs, Managing Directors, Director (Finance) and Chief Accountants.
  • Independent Professional Practioners



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