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written by | May 13, 2022

What is the Company Secretary Salary in India?

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A career as a company secretary is one of the top jobs in a private firm or public sector organisation. In the western regions of the world, a business secretary is usually referred to as a Corporate Lawyer or Corporate Secretary. 

However, a company secretary does more than just manage legal issues. The job of a company secretary is to oversee legal decisions that affect the business and management of any company. Also, the duties demand a solid administration within the company, ensuring compliance and ensuring that all decisions taken by the Board of Directors are carried out thoroughly.

Here, we'll discuss the company secretary's salary in India

Did You Know?

As per ICSI’s data, India has experienced more than 70% growth in student enrolment for the company secretary program in the last few years. ICSI also mentions that there are 22,000 CS either practising independently in the country or working as employees in large industrial houses.

The Importance of CS

1. The role of the company secretary includes advising the board of directors and sharing the required information to formulate policies and strategies. 

2. A company secretary is an organiser because he registers share allocation, creates and distributes share certificates, and coordinates the preparation of various reports such as statutory reports, director's reports, and annual reports.

3. A CS also works as the company's agent, entering into contracts and performing certain representations on behalf of the business. 

4. He is a coordinator who communicates with all of the company's stockholders.

Also Read: Chartered Accountant or CA Salary in India

Career Opportunities for a Qualified Business Secretary

  • A certified business secretary can find employment opportunities within the private and non-public sectors, financial institutions, and banks. 
  • Company secretaries are also needed for boards of enterprise regulation and other government departments. 
  • The top companies offer attractive payment plans to their enterprise secretaries.
  • Secretaries of companies can also start their own consulting business after obtaining the certification of practice. 
  • Businesses having a paid-up proportion between ₹10 lakhs to ₹2 crores are necessary to lease or hire the services of professional company secretaries to issue company compliance certificates for compliance with the law.

Company Secretary Salary In India

For those who are seeking the highest amount of a CS Salary, here’s a table mentioning the same:

Particulars

Company Secretary Salary Package

Salary

₹ 2,47,142 – ₹ 1,374,138

Bonus

₹ 10,022 – ₹ 390,555

Profit Sharing

₹ 12,671 – ₹ 690,428

Total Pay

₹ 248,933 – ₹ 1,442,945

The Benefits of Getting a Company Secretary Job

1. Professional Profile

Company Secretary is a formal course for professionals that brings you highly respectful jobs. Besides a strong professional profile, another considerable benefit is that the company secretary's salary in India is very attractive. After getting the certificate, you can get an employment opportunity at firms with an official designation. This degree is available alongside graduation and does not require a full-time commitment in the workplace like other degree programs.

2. No Stress

The Company Secretary is not worried about meeting the deadlines and requirements. The administrative tasks have to be accomplished, but there isn't any restriction on time. It's not at all that difficult, compared to other jobs where you feel a lot of stress, have health issues and are frustrated with the work. There are various websites dedicated to assisting the CS in completing their tasks with straightforward methods.

3. Paper Work

It is a false notion that a business secretary is a heavy user of paperwork and has to spend most of the time typing and preparing lengthy documents. However, the secretary only has to deal with hardware and software data stored in electronic format due to technological advancement. Thanks to responsive web design, the CS firms' job becomes simple.

4. No Age Limitation

There is no age limit for students to complete courses on Company secretary. So, it's possible to gain expertise at a very young age. Someone with good job skills, attitude, team player, and decision-making capabilities can apply for the chance to become an employee secretary. Still, you can get a great CS starting salary in India.

5. Better Job Satisfaction

Many people are not content in their work and are often unhappy about things like pay, profile, and development. Still, when they have a profile of the company secretary, all worries vanish away. They are in a more powerful post, which offers more opportunities to express opinions and thoughts.

The job offers many benefits, and satisfaction at work is just one of them. CS is promoted to a management position very early in their career. Also, they enjoy working in a positive workplace. However, don’t forget to improve your Communication Skills as it plays a vital role no matter in which business you opt for.

6. Flexible Timing

It can be difficult to manage life and work when you have other jobs. However, this isn't the case for a career in CS. The Company Secretary can work in the flexibility of hours. They can maintain a healthy balanced work and personal life since they don't have long working hours and pressure to complete the work before the deadline. 

There is no need to work overtime unless there is a crucial issue concerning documents that must be filed quickly. In a real sense, they live life to the fullest and can manage their time between family and professional life equally.

7. Connection with Higher Authorities

They usually work with the higher authorities. This is a plus for its standing in the workplace, especially for employees. There is a lot to learn from senior officials since they have extensive industry knowledge. Because of their management involvement, the growth of their business is assured within the Company.

Also Read: What is the Average Salary in India?

How Do You Find a Job After Completing a CS Executive Course?

Whichever course you take, it is very difficult to find an appropriate job to begin your career if you don't complete it. A company secretary training course is a highly professional education course. It can be beneficial to employers only if you are a member of an organization like the Institute of Company Secretaries of India.

It is important to recognize that Company Secretaries are professionals with an identity. Certified Company Secretaries receive the membership number. At the Institute of Company Secretaries of India (ICSI), you can be appointed as the Key Managerial Personnel for a Company. You can even begin your own practice and be able to certify your work.

Semi-qualified Company Secretary, for example, who hasn't passed the professional examination but who has passed the executive exam, is not an official Company Secretary and is not qualified for whatever is mentioned above.

Even if someone is knowledgeable of the subject, why would a company employ someone who has no membership number from ICS? This means that a CS Executive person cannot legally certify the work performed by the Company.

A Company should choose an experienced Company Secretary with a solid understanding of the subject instead of paying for a semi-qualified Company Secretary. Several scenarios could lead to the right job. If you're willing to be a part of the agreement with your employer, it shouldn't be too difficult to secure employment.

However, some firms/LLP or CS companies offer positions for CS Executives who have experience. Sometimes, they offer decent salaries or remuneration too. The types of job openings are easily found on numerous job sites.

Some firms do employ people due to their expertise. However, they also expect certain employee concessions that may be difficult for the applicant.

For instance:

  • There's the possibility that a young employee is not able to pass the next test, for which the person could request to leave. This can affect the Company's daily work.
  • The second reason is a small salary offer. People seeking jobs see this as a demeaning act and thus refuse the job offer.

Several scenarios could lead to the right job. If you're willing to be a part of the agreement with your employer, it shouldn't be too difficult to secure employment.

However, some firms/LLPs or CS companies offer positions for CS Executives who have experience. Sometimes, they offer decent salaries or remuneration too. The types of job openings are easily found on numerous job sites.

Conclusion

While the profession is commonly referred to as a company secretary, the function performed by a company secretary is not exactly that of a secretary or clerical. Simply put, the role of a company secretary is to act as an advisor to the directors' board to assist them in making firm and legally-correct administrative decisions.

The job of a company secretary involves ensuring that the director's board is updated about their legal obligations. A company secretary represents any company, both public and private.

If you struggle with tracking all your transaction details of the business, Khatabook is a great solution. It will provide you with the transaction history with easily downloadable reports, which will help you measure your company's profit/loss.

Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.

FAQs

Q: What Is the Company Secretary’s Salary in Mumbai?

Ans:

 It's ₹7,00,000 per year, according to GlassDoor.

Q: What Is the CS Salary in India per Month for Freshers?

Ans:

CS's starting salary in India per month is still indefinite. There are hardly any surveys done for that. So, currently, we'd say it depends upon the Company that hires you.

Q: What Is the CS Salary in India per Month?

Ans:

According to AmbitionBox, the average salary of CS in India per month is ₹52,000.

Q: How Much Is a Company Secretary’s Salary in India?

Ans:

It ranges from ₹1.8 Lakhs to ₹ 23.8 Lacs.

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The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.