The Institute of Company Secretaries has issued a notification on new rules for CS Articleship, and those rules became active on February 3, 2021. In accordance with Regulation 46BA and 46BB of The Company Secretaries (Amendment) Regulations, 2020, the new training structure will become operational on February 3, 2021. These regulations are part of The Company Secretaries (Amendment) Regulations, 2020.
Following the conclusion of this course, the student is required to complete a practical training period that lasts for 21 months. After the student has finished the practical training that lasts for 21 days, they are required to participate in the Corporate Development Programme, also known as CLDP. The length of time spent on this program is determined by ICSI and often falls within the range of thirty to sixty days. Following the completion of the Professional Programme comes the occurrence of this training.
Now, let's get a better understanding of each form of training in more detail:
As a trainee, one will not only obtain hands-on experience but also get a significant amount of knowledge about the procedures that are carried out in the role of the company secretary. This is not going to be restricted to the following-
1. The Formulation of Legal Reports and Other Documents In addition to this, the student will become an expert in preparing legal documents such as resolutions, notices, draught answers to Notices, agreements, and so on.
2. Exposure to the many fields pertaining to finance, taxes, etc. CS trainees acquire valuable hands-on experience by collaborating with finance industry experts during the creation of financial documents. This is particularly true during the closing work on financial papers.
3. Exchange of information Additionally, the required communication skills, such as how to speak professional English, will be learned and improved upon. Since a company secretary must interact with a variety of parties and stakeholders, including directors, banks, and shareholders, it is essential that they have excellent communication skills in addition to an increased level of vigilance.
4. Self-Directed Instruction The significance of learning to take initiative and acquiring the ability to be receptive to the introduction of new concepts and areas of study will also be a benefit.
Every student has to keep in mind that the article is not only one of the most difficult jobs but also one of the most significant jobs. For the sake of their development and education, the students should treat this time of training with the seriousness it deserves. They should make the most of this educational opportunity since it is just the beginning of their professional path and they should recognize its significance.
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