If you're looking to advance your career as a Company Secretary, the CS Professional Programme's third stage is a crucial step. This guide will provide you with all the information you need to know about the program, including its structure, eligibility criteria, and the benefits of becoming a certified Company Secretary.
Overview of the CS Professional Programme
The CS Professional Programme is a post-graduate level course offered by the Institute of Company Secretaries of India (ICSI). It is designed to provide advanced knowledge and skills in the field of corporate governance, compliance, and secretarial practices. The program is divided into three stages, with the third stage being the final and most advanced stage. The program is open to graduates from any discipline and is recognized by the government of India as well as various international organisations.
Understanding the Third Stage
The third stage of the CS Professional Programme is the final and most advanced stage. It consists of nine papers divided into three modules: Governance, Risk Management, Compliances and Ethics; Advanced Tax Laws and Practice; and Drafting, Appearances and Pleadings. This stage is designed to provide students with a deep understanding of corporate governance, risk management, taxation, and legal drafting. It also includes a compulsory practical training component, which allows students to gain hands-on experience in a corporate environment. Passing this stage is a crucial step towards becoming a certified Company Secretary.
Syllabus and Study Material
The syllabus for the CS Professional Programme's third stage is divided into three modules: Module 1, Module 2, and Module 3. Each module covers different topics related to corporate governance, secretarial audit, and compliance management. The study material for the programme is provided by the ICSI and includes CS Professional Books, practice manuals, and revision test papers. It is important for candidates to thoroughly study and understand the syllabus and study material in order to successfully pass the third stage of the CS Professional Programme.
According to the paper pattern, the CS professional exam will consist of 9 papers, divided into three modules, one of which will be an elective paper.
Module-1
Paper 1: Governance, Risk Management, Compliances and Ethics:
Governance, Risk Management, Compliances, and Ethics (GRCE) is a subject area that covers the principles and practices related to corporate governance, risk management, compliance, and ethical behaviour. It is an essential subject for professionals, including company directors, executives, and managers, who are responsible for ensuring that their organisations operate ethically, legally, and responsibly.
The study of GRCE includes the study of legal and regulatory frameworks, risk management, internal controls, and audit and compliance procedures. It also covers the principles of ethical behaviour, including integrity, accountability, transparency, and responsibility.
Paper 2: Advanced Tax Laws:
Advanced Tax Laws is a subject area that focuses on the principles and practices related to the taxation of businesses and individuals. It covers the study of tax laws, regulations, and policies that govern the collection, assessment, and payment of taxes.
This subject covers various aspects of taxation, including income tax, corporate tax, goods and services tax (GST), etc.. It also includes the study of tax planning, tax compliance, and tax audit.
Paper 3: Drafting, Pleadings and Appearances:
Drafting, Pleadings and Appearances is a subject area that focuses on the principles and practices related to legal drafting, preparing pleadings, and appearing before courts and tribunals. It is an essential subject for law students and legal professionals who want to develop their skills in drafting legal documents, preparing pleadings, and representing clients in court.
The study of Drafting, Pleadings, and Appearances is essential for law students and legal professionals who want to develop the skills needed to be effective advocates. It includes the study of legal language and terminology, the principles of effective communication, and the techniques used in preparing legal documents and making oral arguments.
Module – 2
Paper 4: Secretarial Audit, Compliance Management and Due Diligence:
Secretarial Audit, Compliance Management, and Due Diligence is a subject area that covers the principles and practices related to corporate compliance, audit, and due diligence. It is an essential subject for professionals, including company secretaries, compliance officers, and legal professionals, who are responsible for ensuring that their organisations comply with relevant laws, regulations, and standards.
The study of Secretarial Audit, Compliance Management, and Due Diligence includes the review of company records, books, and documents to ensure that they are accurate, complete, and up-to-date. It also involves the development and implementation of policies and procedures to ensure that companies comply with relevant laws, regulations, and standards. Additionally, it covers the process of conducting a thorough investigation of a company or business before entering into a transaction, such as a merger or acquisition.
Paper 5: Corporate Restructuring, Insolvency, Liquidation & Winding-up :
Corporate Restructuring, Insolvency, Liquidation & Winding-up is a subject area that covers the principles and practices related to the financial distress of companies and the legal procedures for their recovery or closure. It is an essential subject for professionals, including lawyers, accountants, and business consultants, who work with companies experiencing financial difficulties.
The study of Corporate Restructuring, Insolvency, Liquidation & Winding-up includes the legal and regulatory frameworks for corporate restructuring, insolvency, liquidation, and winding-up procedures. It also covers the practical aspects of corporate restructuring, including debt restructuring, mergers and acquisitions, and joint ventures. Additionally, it includes the management of liquidation and winding-up processes, including the sale of assets and the distribution of proceeds to creditors.
Paper 6: Resolution of Corporate Disputes, Non-Compliances & Remedies :
Resolution of Corporate Disputes, Non-Compliances & Remedies is a subject area that covers the principles and practices related to resolving disputes and non-compliances in the corporate world. It is an essential subject for professionals, including lawyers, arbitrators, mediators, and dispute resolution specialists, who work with companies to resolve conflicts and non-compliances.
The study of Resolution of Corporate Disputes, Non-Compliances & Remedies includes the legal and regulatory frameworks for resolving corporate disputes and non-compliances. It also covers the practical aspects of dispute resolution, including negotiation, mediation, arbitration, and litigation. Additionally, it includes the remedies available to companies for non-compliances, including fines, penalties, and legal actions.
Module – 3
Paper 7 : Corporate Funding & Listings in Stock Exchanges
Corporate Funding & Listings in Stock Exchanges is a subject area that covers the principles and practices related to the process of raising funds through equity and debt offerings and getting listed on stock exchanges. It is an essential subject for professionals, including investment bankers, corporate finance managers, and stockbrokers, who work with companies to raise capital and get listed on stock exchanges.
The study of Corporate Funding & Listings in Stock Exchanges includes the legal and regulatory frameworks for raising capital through equity and debt offerings and getting listed on stock exchanges. It also covers the practical aspects of corporate funding, including the process of issuing securities, the valuation of securities, and the due diligence process. Additionally, it includes the requirements for getting listed on stock exchanges, including the rules and regulations for different stock exchanges.
Paper 8: Multidisciplinary Case Studies
Multidisciplinary Case Studies is a subject area that involves the analysis of complex business problems and decision-making processes in real-world scenarios. It is an essential subject for professionals, including business consultants, analysts, and managers, who need to develop practical problem-solving skills and an understanding of the interconnections between various business disciplines.
The study of Multidisciplinary Case Studies includes the application of various business theories, concepts, and tools to analyse complex business problems. It also involves the development of practical solutions based on the analysis of multiple business disciplines, including finance, marketing, operations, and human resources. Additionally, it includes the evaluation of the ethical, social, and environmental implications of business decisions.
9. Electives 1 paper out of below 8 papers
9.1 Banking – Law & Practice
9.2 Insurance– Law & Practice
9.3 Intellectual Property Rights– Laws and Practices
9.4 Forensic Audit
9.5 Direct Tax Law & Practice
9.6 Labour Laws & Practice
9.7 Valuations & Business Modelling
9.8 Insolvency – Law and Practice
Paper 9 is the elective paper and that is why we have not explained them in our blog.
Eligibility Criteria:
Study Material:
There are many study materials available for the Company Secretary (CS) professional exam, apart from ICSI study material. Some of the popular ones are :
It is recommended that you use a combination of these study materials to prepare effectively for the CS professional exam.
Conclusion
In conclusion, the CS Professional Programme's third stage is a crucial step towards becoming a certified Company Secretary. By thoroughly studying and understanding the syllabus and cs professional study material, candidates can successfully pass the programme and take their career to the next level. With dedication, hard work, and a commitment to lifelong learning, anyone can become a successful Company Secretary.
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