CS

Company Secretary · ICSI Qualification

The professional who keeps a company lawful, governed & accountable.

Company Secretary (CS) is India's premier qualification in corporate governance, compliance and company law — awarded by the Institute of Company Secretaries of India (ICSI). This guide covers everything from the syllabus to your first salary slip.

I
II
III
CSEET
Executive
Professional

What is the Company Secretary course?

A CS is the compliance backbone of a company — the qualification that turns company law, securities regulation, and boardroom governance into a career.

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The official definition

The Company Secretary course is a professional qualification offered by the Institute of Company Secretaries of India (ICSI), a statutory body under an Act of Parliament. It trains individuals to become key managerial personnel responsible for a company's legal compliance, corporate governance, and secretarial functions.

A qualified CS is legally recognised to sign compliance certificates, advise boards on governance, and represent companies before regulators such as the Registrar of Companies (RoC), SEBI, and the NCLT.

  • 01
    Governance officer. Ensures the board and management follow the Companies Act, SEBI regulations and listing rules.
  • 02
    Legal & compliance advisor. Interprets statutes and drafts resolutions, agreements, and regulatory filings.
  • 03
    Company registrar. Maintains statutory registers, minutes, and records of shareholding and directorship.
  • 04
    Board interface. Coordinates board and shareholder meetings and ensures decisions are properly documented and executed.

Who should pursue the CS course?

CS suits people who enjoy precision, law, and structure more than pure numbers — it sits at the intersection of law, finance and management.

Commerce & law students

12th-pass commerce, law or arts students who want a law-adjacent career without a full LLB, and can start right after school via the CSEET entrance route.

Graduates from any stream

Commerce, arts, science or engineering graduates can register directly into the Executive Programme — a common route for career-switchers.

CA / CMA / MBA aspirants

Those already pursuing CA, CMA, or an MBA in finance often add CS for a governance edge and stronger CFO-track credentials.

Working professionals

Legal, HR, and finance executives who want to move into compliance, secretarial, or governance leadership roles within their organisation.

Skills you build during the CS course

The syllabus is designed to make you fluent in four languages at once: law, finance, governance, and boardroom communication.

Legal

Statutory interpretation

Reading and applying the Companies Act, SEBI regulations, FEMA, and other corporate statutes to real transactions.

Governance

Board process design

Structuring board meetings, resolutions, minutes, and committee charters that meet regulatory scrutiny.

Finance

Financial & strategic analysis

Reading financial statements, valuations, and treasury functions well enough to advise the board, not just the auditors.

Compliance

Regulatory filings

Preparing and vetting ROC, SEBI, stock exchange, and FEMA filings with zero tolerance for error.

Transactions

M&A & restructuring

Due diligence, valuation basics, and the secretarial mechanics of mergers, acquisitions and insolvency.

Drafting

Documentation & drafting

Precise legal drafting of agreements, resolutions, and disclosures where a single word can change liability.

Ethics

Governance ethics

Balancing stakeholder interests — shareholders, regulators, employees — under a fiduciary duty framework.

Tax

Tax & treasury basics

Direct and indirect tax fundamentals relevant to corporate structuring and compliance calendars.

Soft skills

Boardroom communication

Advising directors clearly and confidently — the skill that separates a good CS from a great one.

The three levels of the CS programme

Every candidate climbs the same three steps, in order. Click a badge below once you've cleared it — just for fun. Updated for the restructured CSEET, effective June 2026.

I

CSEET

ENTRANCE TEST · 4 DAYS · 400 MARKS

The restructured entry gate: four subjective/OMR papers sat on four consecutive days, replacing the old single-day Foundation exam.

  • 4 papers, 100 marks each
  • Days 1–3 subjective, Day 4 OMR
  • Open to Class 12 pass/appearing
II

Executive Programme

CORE LEVEL · 9 MONTHS

The graduate entry point and the backbone of the qualification — company law, tax, and securities law in depth.

  • 7 papers in 2 modules
  • Direct entry for graduates
  • Cleared CSEET also qualifies
III

Professional Programme

FINAL LEVEL · 10 MONTHS

The final stamp before membership — governance, drafting, restructuring, and elective specialisation.

  • 9 papers across 3 modules
  • Includes 1 elective paper
  • Case-study driven

Detailed syllabus — all three levels

Click a paper to expand it. This reflects the restructured CSEET (effective June 2026) and the current 2022 Executive/Professional curriculum — always cross-check icsi.edu before an exam cycle, since ICSI revises papers periodically.

Four papers over four consecutive days — 400 marks total, 11 hours of exam time. Only Day 4 is OMR-based; the rest are subjective, answer-writing papers.

D1Business Communication100 marks · 3 hrs · Subjective
Grammar fundamentals, vocabulary, business correspondence, comprehension, and effective written & interpersonal communication for a corporate setting.
D2Fundamentals of Accounting100 marks · 3 hrs · Subjective
Core accounting principles — journal, ledger, final accounts, depreciation, and financial and non-financial terms every future CS needs fluently.
D3Economic & Business Environment100 marks · 3 hrs · Subjective
Indian and global business environment, economic development, trade organisations (e.g. OPEC-type bodies), and the forces shaping enterprise today.
D4Business Laws & Management100 marks · 2 hrs · OMR, no negative marking
Basic elements of business law (contract, sale of goods) plus management fundamentals — planning, coordination, leadership styles, and budgeting.
Passing criteria: minimum 40% in each of the 4 papers and 50% aggregate across all four — falling short on even one day means re-attempting the whole CSEET.

Module I

E1Jurisprudence, Interpretation & General Laws100 marks
Sources of law, constitutional law basics, interpretation of statutes, and general laws including limitation, RTI, and evidence.
E2Company Law & Practice100 marks
Incorporation, share capital, meetings, director duties, and compliance mechanics under the Companies Act, 2013.
E3Setting Up of Business, Industrial & Labour Laws100 marks
Choice of business entity, registrations and licences, and core labour statutes governing employment relationships.
E4Corporate Accounting & Financial Management100 marks
Company accounts, cash flow, ratio analysis, cost of capital, and working-capital and investment decisions.

Module II

E5Capital Market & Securities Laws100 marks
SEBI framework, stock exchanges, depositories, and securities issuance and listing regulations.
E6Economic, Business & Commercial Laws100 marks
FEMA, competition law, IPR basics, and other commercial statutes relevant to cross-border and domestic business.
E7Tax Laws & Practice100 marks
Direct tax (income computation, TDS) and indirect tax (GST structure, registration, and returns).

Module I

PR1Governance, Risk Management, Compliances & Ethics100 marks
Board processes, secretarial standards, related-party transactions, whistle-blower mechanisms, ESG principles, and shareholder-rights governance.
PR2Drafting, Pleadings & Appearances100 marks
Legal drafting techniques, pleadings before tribunals, and representation before NCLT/NCLAT and regulators.
PR3Advanced Tax Laws100 marks
Advanced direct/indirect tax planning, international taxation basics, and tax litigation procedure.

Module II

PR4Corporate Restructuring, Insolvency & Liquidation100 marks
Mergers, demergers, IBC 2016 process, and the CS's role as resolution/insolvency professional support.
PR5Secretarial Audit, Compliance Management & Due Diligence100 marks
Conducting secretarial audit, entity/activity/sector-wise compliance checks, and due diligence for M&A and listing transactions.
PR6Resolution of Corporate Disputes, Non-Compliances & Remedies100 marks
Dispute resolution mechanisms, arbitration/mediation, and remedies for statutory non-compliance.

Module III + Elective

PR7Corporate Funding & Listing in Stock Exchanges100 marks
IPO process, private placement, debt instruments, and listing obligations on Indian stock exchanges.
PR8Multidisciplinary Case Studies100 marks
Integrated case studies spanning law, finance and governance — testing applied judgment over rote recall.
PR9Elective (choose one)100 marks
Choose one from ICSI's current elective list: Banking Law & Practice, Insurance Law & Practice, Intellectual Property Rights — Law & Practice, Labour Laws & Practice, Insolvency — Law & Practice, GST & Corporate Tax Planning, Arbitration, Mediation & Conciliation, or Artificial Intelligence, Data Analytics & Cyber Security — Laws & Practice.

Eligibility & duration

Two entry points, one destination. Your starting level depends on what you've already completed.

LevelWho can registerMinimum qualification
CSEETSchool leaversPassed / appearing in Class 12 (10+2), any stream
Executive (direct)Graduates & postgraduatesAny bachelor's degree (fine arts excluded); commerce graduates get partial paper exemptions
Executive (via CSEET)CSEET passersCleared all 4 CSEET papers, 40% each + 50% aggregate
ProfessionalExecutive-programme passersCleared both modules of Executive Programme
Membership (ACS)Professional-programme passersCleared Professional Programme + 21 months practical training
4 daysCSEET exam window (400 marks total)
9 monthsExecutive minimum study period
10 monthsProfessional minimum study period
Realistic total timeline: 3–4 years from CSEET to becoming an Associate Company Secretary (ACS), including training — faster (around 2.5–3 years) if you enter directly at the Executive level as a graduate. CSEET is held three times a year (February, June, October); the restructured format above starts with the June 2026 session, with January 2026 as the last sitting of the old remote-proctored format.

Exam details — format & frequency

CSEET runs three times a year on its own calendar; Executive and Professional exams run twice a year, in a fixed rhythm that hasn't changed in decades.

Frequency & cycle

CSEET
Three sessions yearly — February, June, October (restructured format from June 2026)
Executive / Professional
Twice yearly — June and December
Mode
Offline, centre-based, pen-and-paper at designated exam centres for all three levels
Attempts
Unlimited, subject to registration validity and re-registration rules

Format & scoring

CSEET
4 papers over 4 days — 3 subjective + 1 OMR (no negative marking), 100 marks each
Executive
Descriptive, some open-book papers for law-heavy subjects; 100 marks each
Professional
Case-study & application heavy, largely descriptive; 100 marks each
Pass criteria
Minimum 40% per paper and 50% aggregate per module (all three levels)
Registration
Study period
Exam form
Sit the exam
Result

Training structure

CS is unusual among professional courses in how much weight it puts on real workplace training, not just exams.

1

Pre-Exam Training

Structured induction / student induction programmes before the Executive and Professional exams, covering soft skills and practical orientation.

2

Executive Development Programme

A short classroom-based programme bridging academic learning with real corporate practice, usually completed before starting long-term training.

3

Long-Term / Practical Training

Around 21 months of on-the-job training under a practising CS, a company, or a recognised institution — the real apprenticeship of the course.

4

Professional Development Programmes

Ongoing seminars and PDPs required during training and even after membership, to stay current with regulatory change.

Fees & career path

Approximate ICSI registration fees per level — always confirm current figures on the official ICSI portal before paying.

CSEET
7,500+1,500
Registration + exam enrolment (approx.)
Executive
18,000–20,000
Both modules combined, approx.
Professional
18,000–20,000
All modules combined, approx.
Total cost including training, study material and exam re-attempts typically lands around ₹60,000–₹90,000 across the whole course — modest compared to most other professional or postgraduate qualifications.

The career path, step by step

From trainee to boardroom — a realistic timeline of how a CS career actually progresses.

Year 0–2 (during training)

Trainee / Article Assistant

Assisting a practising CS or in-house secretarial team with filings, minutes, and compliance calendars.

Year 0–3

Assistant Company Secretary

First independent role post-membership, handling board support and routine ROC/SEBI compliance.

Year 3–7

Company Secretary / Compliance Manager

Full charge of secretarial function for a company or division; primary board and regulator interface.

Year 7–12

Head of Compliance / General Counsel (Secretarial)

Leading governance strategy across group entities, M&A support, and regulator relationships.

Year 12+

Director / CFO / Independent Practice

Board-level roles, or an independent PCS (Practising Company Secretary) firm serving multiple clients.

Past exam analysis & strategy

CS exams reward consistency over cramming — here's what the pattern across recent cycles tells serious candidates.

30–45%
Typical pass % per paper, Executive & Professional level
40%
Minimum marks required per individual paper
Exams held every year — June & December
21mo
Practical training required before membership
1
Attempt module-wise, not paper-by-paper

Clearing an entire module in one sitting avoids re-appearing for papers you've already passed and keeps momentum.

2
Prioritise ICSI study material & past papers

Questions are drawn close to ICSI's own guidance notes and suggested answers — treat them as the primary source, not coaching notes.

3
Law papers reward structure, not memorisation

Answer in a section-citation format (issue → applicable section → conclusion) — examiners consistently reward this structure.

4
Start practical training early

Since 21 months of training runs in parallel with exams, starting it early — rather than after Professional — shortens your total timeline the most.

Why should you pursue CS?

Beyond the letters after your name, here's what actually makes this qualification worth the 3–4 year climb.

§

Statutory recognition

CS is a mandatory role in most listed and large companies under the Companies Act — near-guaranteed structural demand.

Strong cost-to-return ratio

Total course cost is a fraction of an MBA or overseas law degree, with comparable long-term earning potential in governance roles.

Multi-disciplinary skill set

You leave with working fluency in law, finance and governance — a combination that transfers across industries.

Direct board-level trajectory

Few entry-level qualifications put you this close to boardroom decision-making within a decade.

Independent practice option

Unlike many corporate roles, a CS can also build an independent consulting or PCS practice serving multiple companies.

Rising ESG & governance demand

Growing regulatory focus on ESG, related-party transactions, and board accountability is expanding — not shrinking — the CS mandate.

Job roles, salary & domains after CS

Salary bands below are broad industry approximations for India and vary sharply by city, company size, and experience.

Company Secretary (in-house)

₹4–8 LPA to start

Core secretarial and compliance charge for a single company or group entity.

Compliance Officer

₹6–14 LPA

Owns the regulatory compliance calendar, often for listed or NBFC/financial entities.

Legal & Secretarial Manager

₹8–16 LPA

Combines legal advisory with secretarial oversight across group companies.

Practising Company Secretary (PCS)

Variable / fee-based

Independent practice offering compliance certification, due diligence, and advisory to multiple clients.

Corporate Governance Consultant

₹10–20 LPA

Advises boards on governance structure, ESG disclosures, and listing compliance.

Head of Compliance / GC (Secretarial)

₹20 LPA+

Senior leadership role owning governance strategy across a corporate group.

Domains that actively hire CS professionals

Listed companies Banking & NBFCs Insurance Investment banking Law firms Big-4 advisory Startups (pre-IPO) PSUs & government bodies Private practice (PCS)

Major recruiters

A representative cross-section of the kinds of organisations that regularly hire company secretaries in India.

Reliance IndustriesConglomerate
Tata GroupConglomerate
HDFC BankBanking
ICICI GroupBanking & NBFC
DeloitteBig-4 Advisory
EYBig-4 Advisory
KPMGBig-4 Advisory
PwCBig-4 Advisory
Aditya Birla GroupConglomerate
Mahindra GroupConglomerate
Bajaj FinservNBFC
LIC of IndiaInsurance / PSU

Frequently asked questions

Is CS harder than CA?
Difficulty is subjective — CS leans more toward law and drafting, while CA leans more toward accounting and audit. Pass percentages are comparably tough at the higher levels of both.
Can I do CS along with a regular degree or job?
Yes. Many students pursue CS alongside a bachelor's degree, and working professionals commonly study for it part-time alongside a full-time job.
Do I need to join a coaching institute?
Not mandatory — ICSI's own study material and video lectures are designed for self-study, though many students use coaching for Executive and Professional level law papers.
What happens if I fail a paper?
You can re-appear for just that paper in the next exam cycle without repeating papers you've already cleared, subject to ICSI's registration validity rules.

Ready to start your CS journey?

Register with ICSI, pick up the CSEET or Executive study material, and take the first step toward becoming a governance professional.

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This page is for general educational guidance. Syllabus, fees, and exam patterns are set and periodically revised by the Institute of Company Secretaries of India (ICSI) — always verify current details on icsi.edu before making decisions.
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