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Company Secretary in Practice

Legal

A Company Secretary in Practice (PCS) is an ICSI member holding a Certificate of Practice who runs an independent secretarial firm, serving multiple client companies rather than working as an in-house KMP. Day-to-day work spans ROC/MCA-21 filings (MGT-7, AOC-4, DIR-12), secretarial audits under Section 204 of the Companies Act 2013, FEMA certifications, SEBI compliance certifications under the Takeover Code, and Insolvency Professional work under the IBC. Unlike an employed CS who is the compliance officer of one company, a PCS builds a book of 20-100+ client entities — private limited companies, LLPs, listed mid-caps, and holding structures — earning fee-based income that scales with the client roster and specialisation depth. The role requires the same ICSI qualification (CSEET → CS Executive → CS Professional + 21-month training), but success depends on client acquisition, billing discipline, regulatory depth, and the ability to sign secretarial audits independently.