Job Opportunities for an Indian Company Secretary Abroad

India's professional body, the Institute of Company Secretaries of India (ICSI), is taking significant steps to establish global standards for corporate secretarial practices. This means that the role of a company secretary is no longer confined to domestic settings; rather, it offers a wider range of opportunities internationally. However, the availability of these opportunities depends heavily on the regulations and laws of the host country, which can vary from one jurisdiction to another.

For example, the regulations in the United Kingdom (UK) are stringent and are particularly well aligned with ICSI standards. There are also strong ties with the Institute of Chartered Secretaries and Administrators (ICSA) in London. This mutual recognition agreement facilitates smoother pathways for Indian Company Secretaries (CS) to practice in various countries.

Recognized Skills and Experiences

Those with a Company Secretary degree from ICSI, along with 3-4 years of practical experience, often find themselves in demand abroad. Many ICSI-qualified CS are already working in countries such as the United States (US), Canada, the United Kingdom (UK), Singapore, Malaysia, Thailand, Australia, New Zealand, the Middle East, and Africa. These professionals possess a unique blend of research, legal, managerial, and analytical skills, making them highly valued in global markets.

The Service globalization through WTO and GATS has also expanded the scope of professional services, including those of Company Secretaries. With the economic cooperation agreements (ECAs) that India is entering into, such as Comprehensive Economic Cooperation Agreements (CECAs) with countries like Singapore, Malaysia, Thailand, and Mauritius, there is a probable increase in the movement of professionals. Furthermore, the mutual recognition agreements (MRAs) between ICSI and several professional bodies globally are paving the way for seamless integration of CS into foreign markets.

ICSI and Global MRA

ICSI and ICSA London have signed a Memorandum of Understanding (MoU) that recognizes CS from both organizations on certain conditions. This means that ICSI members are exempted from passing 14 out of 17 papers to become an ICSA member, needing to pass only three core papers:

Corporate Law Corporate Secretaries Corporate Administration

ICSI members in good standing for at least two years can avail these benefits. It is essential to note that this reciprocal agreement does not guarantee immediate employment; entry still requires considerations like visa rules, legal requirements, and personal interviews. Nevertheless, it offers a substantial advantage in the certification and qualification phase.

Global Opportunities and Next Steps

The journey for an Indian Company Secretary to work abroad is an exciting but complex one. While the MRA and other agreements offer significant advantages, potential applicants must be prepared to navigate the visa process, adhere to host country regulations, and possibly undergo job-specific interviews. However, the preemptive measures and mutual recognition laid down by ICSI make it an encouraging endeavor.

For highly skilled and experienced India-based Company Secretaries, the prospects of working abroad are numerous and promising. As global economic ties continue to strengthen, the role of a company secretary is poised to become increasingly international. The future for India's corporate secrecy professionals looks very bright on the global stage.