Can I Become a Company Secretary With Only a BBA LLB Degree?

Many aspiring professionals wonder if they can achieve the role of a Company Secretary (CS) by simply studying a Bachelor of Business Administration and Law (BBA LLB) degree. The answer to this question is both 'yes' and 'no,' depending on several factors. Let's break down the requirements and explore the necessary steps to become a qualified Company Secretary.

Requirements for a Company Secretary

According to the Companies Act 2013 and the Company Secretary Act 1980, only a member of the Institute of Company Secretaries of India (ICSI) can be appointed as a CS in a company. This means that merely obtaining a BBA LLB degree is not sufficient.

Here are the essential steps you need to take:

ICSI Membership: Obtain membership from the Institute of Company Secretaries of India. ICSI Exams: Clear all the examinations of the Foundation, Common Proficiency Test (CPT), and Professional levels with a minimum of 40 marks in each subject and an overall aggregate of 50 marks. Trainings: Complete all the required trainings through ICSI. Optional Further Education: Consider enrolling in a graduation degree alongside your BBA LLB, such as an MBA in Finance, to complement your skills.

Becoming a Company Secretary is a process that requires a dedicated approach and adherence to ICSI guidelines. It is similar to achieving the qualification of a doctor: you need to complete a specific set of requirements, not just obtain a degree.

Why Obtaining ICSI Membership Is Crucial

Heavy overlap between BBA LLB and ICSI syllabi can sometimes give the impression that a BBA LLB degree is sufficient. However, the core subjects one studies for the ICSI exams, such as Corporate Laws and Securities Laws, form the bedrock of a Company Secretary's expertise. These are not covered in a typical BBA LLB curriculum.

Key Differences:

Company Secretary (CS): Expert in corporate laws, financial regulations, and tax laws, with specific responsibilities within companies. Law Graduate (LLB): Can specialize in various areas such as criminal laws, consumer laws, labour laws, and environmental laws.

This distinction is crucial because a CS deals with a narrower, but more intricate, scope of laws and regulations specific to the corporate sector. Hence, pure academic knowledge may not equate to the practical experience and certification required for the role of a Company Secretary.

Combining BBA LLB and CS for Better Prospects

One strategy to enhance your prospects is to pursue both a BBA LLB and a CS qualification. Many professionals find that this dual qualification opens up more job opportunities and allows them to tackle a broader range of challenges in the corporate world.

Advantages of Both Qualifications:

Better Job Prospects: The combination of a BBA LLB and CS can make you a more versatile and highly sought-after candidate in the job market. Comprehensive Knowledge: You will be well-versed in both general legal doctrines and specific corporate regulations, making you a valuable asset to any company. Paints a Clear Picture of Dedication: Your commitment to achieving both qualifications demonstrates a higher level of professionalism and dedication.

While a BBA LLB provides a strong foundation in business and law, the ICSI membership and corresponding exams are necessary to officially qualify as a Company Secretary. If you are serious about pursuing this career path, it is advisable to start the process early and familiarize yourself with the requirements of ICSI.

In conclusion, becoming a Company Secretary involves more than just acquiring a BBA LLB degree. It is a journey that requires specific qualifications and rigorous training. However, the combination of a BBA LLB and a CS qualification can provide you with a comprehensive skill set and greater job prospects in the corporate sector.