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- Pavan Kumar Vijay, President
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- Person who keeps SECRETS. It reflecting the confidentiality of the role
and the trust placed on its holder
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- SECRET is always MOST IMPORTANT
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- STRATEGIC MATTERS are MOST IMPORTANT
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- For Continuity of Company
- Management of Strategic Affairs
- Continuity of company depends on formulation and implementation strategies and policies
- Compliance of Legal Requirements
- Non-compliance of law may lead to bankruptcy
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- When the Companies Bill, 1953 was under consideration in Parliament, the
then Finance Minister, Dr. C D Deshmukh, who piloted the Bill, assured
the Parliament that it would be the endeavour of the Department of
Company Law Administration to help in the building up of Profession of
Company Secretaries.
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- The Indian Association of Chartered Institute of Secretaries of Joint
Stock Companies and other Public Bodies (London), at Calcutta
- The Indian Society of the Corporation of Secretaries (Limited), London
at Bombay
- The Institute of Company Secretaries at Bombay
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- Hence, an Advisory Board for the Profession was setup on non-statutory
basis
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- Advising Government on:
- Registration, training and coaching of students
- Holding of examinations
- The extent to which foreign qualifications can be fitted into the
present scheme on reciprocal basis
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- Department of Company Affairs started
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- Government Diploma in Company Secretaryship (GDCS)
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- This marked the beginning of profession of Company Secretaries in an
organised manner
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- Since then, the number of candidates grown
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- Then, a need was felt to establish an autonomous body
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- An organisation was setup and registered
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- under Section 25 of the Companies Act
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- that played a vital role in Indian Corporate Sector
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- “An Act to make provisions
- for the
- regulation and development
- of the
- Profession of Company Secretaries”
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25
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- Sub-section (2) of Section 2
- (b) “Perform or performs services in relation to promotion, forming,
incorporation, amalgamation, reconstruction, reorganisation or winding
up of the Companies”
- These are the areas of Strategic Management and require extensive
research, analysis, innovation, negotiation, documentation, etc.
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- Sub-section (2) of Section 2
- (c) (i) “Authorised Representative of a company with respect to filing,
registering, presenting, attesting or verifying, any documents by or on
behalf of the company”
- Authorised representative does mean only representation before
government and regulatory authorities
- Representation is also made to Investors, business partners, banks and
money lenders, media, arbitrators, customers, suppliers, … the list is
very long
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- Sub-section (2) of Section 2
- (c) (i) “Secretarial Auditor or Consultant”
- It is Audit of Secretarial Function.
- Secretarial function now encompasses compliance of all laws applicable
to the company and adherence to good corporate governance norms.
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- Sub-section (2) of Section 2
- (c) (vi) “Advisor to company on MANAGEMENT, including legal or
procedural matters falling under any law for the time being in force”
- General Management includes Leadership and Strategic Management
- Various Management Function in which we provide our services include
Legal, Financial, HRD, Marketing, Production, Information Technology,
Infrastructure, R&D, Quality, etc.
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- Over the years the role company secretaries has expanded
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- Company Secretaries are able to do all these
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- Developed after:
- Experience from two ICSI National Awards for Excellence in Corporate
Governance
- Covering visionary thoughts of Indian Leaders
- Original Research for publishing ‘Corporate Governance Reporting (Model
Formats)’
- Study of International Codes and Best Practices
- Extensive in-house delibrations
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- Opportunities are there but need to be explored
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- Focus on Areas where Computers cannot enter
- Venturing into Unexplored Areas
- Diversification into New Segments
- Fulfilling Expectations of the Society
- Professionalism in National Development Projects
- Entrepreneurship
- Professionals know how to do business better than anyone
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- Arbitration and ADR
- Due Diligence
- Innovation/ Idea Generation
- Complex Decision Making
- Contingency Planning
- Crisis Management
- HRD and Industrial Relations
- Entrepreneurship
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- Exploring Opportunities in Various Management Functions
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- Company Secretaries must diversify into New Segments
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- There may be some GAP, but it can be bridged
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- Understand Industry Needs
- Gain ‘Knowledge of Management Functions’ – Learning little more than
what is included in the CS Courses
- Provide PQRS – Productivity, Quality, Reliability and Service
- Use 3Cs - Creativity, Confidence and Communication
- Conduct Periodical SWOT Analysis of Self
- Use Technology to Beat Technology
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- Productivity – Management want you to use resources in most profitable
manner
- Quality – There is no compromise on quality
- Reliability – Companies require trust in abilities and loyalty to
company all the time
- Service – Value Added Services with courtesy and smile is absolute
necessity
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- Creativity – Innovation is the critical success factor
- Confidence – Believe in Yourself (Yes, You Can Do It)
- Communication – It is how you make people know about your creativity and
confidence. It is Communication that creates opportunities.
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- Strengths: What are my strengths?
- Weaknesses: What are my weaknesses?
- Opportunities: What are new opportunities?
- Threats: What are new threats?
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- Extensively using Internet and E-commerce
- Knowledge of Enterprise Resource Planning (ERP)
- Using ERP and CRM in Practising Firms
- Using Data Warehousing and Data Mining Tools
- Discovering Computer Based Complex Business Analysis Models
- There are many more...
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