The demand for company secretaries has been on the rise! Company Secretary's salary in India ranges from Rs. 1.8L to 23.7L per annum, with an average annual salary of Rs. 6.2LPA.
Company Secretaries are the top leaders in an organization. They are the ones who handle all legal aspects of the company. They are also responsible for maintaining and auditing tax returns, advising the company on its financial health, and making sure that the company complies with legal and statuary regulations.
Company Secretary Course has become quite popular in India among commerce students. The demand for company secretaries in our country has been rising. More and more organizations are hiring and utilizing the services of a company secretary. Demand is high but supply is low. So, no doubt students don’t have any problems finding the right job profiles and landing great packages.
In this blog, we will be exploring the scope of a company secretary in more detail, after which we will look at the company secretary’s salary i.e., average salary, highest salary, fresher salary, etc. in India.
What do Company Secretaries do?
Let’s first understand the roles and responsibilities of a company secretary.
Company Secretaries are part of the key managerial personnel of any company. A company secretary ensures that the organization he/she is working in strictly complies with all the legal aspects and statuary regulations. It is their responsibility to make sure that everyone in the company including the directors understands and operates within the law.
This is why the CS course involves a detailed study of company laws and regulations.
Other major responsibilities include:
- Advising on the conduct of business, making sure of legality, conflict of interests
- Provide accounting advice on financial reports
- Development of strategies and corporate planning
- Providing advice on corporate governance issues
- Maintaining and auditing tax returns
- Incorporation of procedures like authenticating documents and procedures during registration
- Making an application for an increase in share capital
- Providing general meeting details and updates to all employees and members
- To comply and file an annual return
- Managing statuary books
Scope of a Company Secretary in India
As mentioned earlier, the scope of a company secretary in India has been on the rise, since the demand is increasing but supply is still on the lower side.
CS is usually required when the business is quite a large scale and the burden of compliances increases, but they are needed in all kinds of large firms. Companies that have a paid-up share capital of 10 crores or more are mandatory to have a company secretary.
CS also has opportunities to work globally in countries like Malaysia, Thailand, Canada, New Zealand, the USA, the UK, etc.
Company Secretaries Can work in several different kinds of organizations in several different areas or departments. They Can work in any corporate organization and handle all legal aspects.
Organization to work in:
Company secretaries can work in public, private, or non-profits. Only public limited companies are legally required to appoint a CS but every organization is expected to show compliance with the laws.
A company secretary can work in the following type of organizations:
- accountancy and solicitors’ firms
- banks and building societies
- charities and hospitals
- educational institutions
- employers’ cooperatives
- healthcare organizations, including the NHS
- housing associations
- insurance companies
- investment trusts
- the local and central government
- trade bodies.
Company Secretary Job Profiles
- Assistance to the Board of Directors
- Company Registrar
- Legal Advisor
- Corporate Policymaker
- Chief Administrative Officer
- Principal Secretary
- Corporate Planner
- Managing Director
- Administrative Assistant
- Administrative Secretary
- Investor Capital Market Relations
- Contents Coordinator
For more information on the career and scope of company secretaries, check out ICSI’s official website
Company Secretary Salary in India
Well, salaries of any job can differ from person to person, company to company, and depend on many other major factors. It is quite hard to put an exact number on it. But after carefully gathering and examining a large amount of data, one can come to some average numbers.
Company Secretary’s salary in India is pretty modest to even in the beginning and shows a lot of room for growth as the years go on.
Company Secretary’s salary in India ranges from Rs. 1.8L to 23.7L per annum, with an average annual salary of Rs. 6.2LPA.
A fresher in this field can earn between Rs.20,000 to Rs.40,000 per month. Someone with an experience of 2-3 years can earn around Rs.70,000 to Rs.80,000 per month. Again, the salary increment depends on an individual’s skills and hard work. The salary for a company secretary can go up to Rs.100,000 per month with experience.
Starting Company Secretary Salaries in India according to Organization:
- Private Limited – INR 25K – 30K
- Public Limited – INR 30K – 40K
- Public Listed – INR 40K – 45K
With an experience of 20 years or more, the highest salary of a company secretary in India can go up to INR 17LPA – 20
Check out Company Secretary job openings for freshers and qualified from our job portal. We post new and exciting job listings every day!