A corporate lawyer is not merely a person who liaisons with governing authorities and represents a corporate in a court of law. His area of work is much wider than just representing a corporate on various occasions. He functions as a link between the corporates and the society. In fact, he acts as representative of society in front of corporates and upholds the rights of stakeholders at the time of decision-making process in corporates. This writeup will reveal as to how a composition of the two qualifications (CS and LL.B) facilitates in understanding and appreciating the dual role of corporate lawyer as a representative of society as well as an integral part of management in decision-making process.
A company secretary acts as a link between the company, its stakeholders and regulatory authorities. He possesses specialised knowledge to ensure that the company is functioning under the prescribed and ever amending legal framework of the country. He acts as a representative of the company in the court and various regulatory authorities. He possesses good inter- personal and analytical skills to understand the views of shareholders and acts as a mediator between the shareholders and management of the company
The CS course facilitates the acquisition of specialised knowledge of various laws and rules affecting corporates. It helps to gain expert knowledge of various corporate laws, including securities law, taxation laws, economic and labour laws, simultaneously providing an aid to understand the concepts of finance, accountancy and taxation. Therefore, a course in company secretaryship assists a person to be an integral part and being one amongst the decision makers of the company.
Law regulates the social institutions of society and is the most important part of a democratic society. Law defines the rules and regulations for functioning of the society. It ensures that the political, economic and social spheres of the society should function in a fair manner. It protects the rights of individuals and upholds the tenets of the constitution.
Choosing law as a career provides a student an opportunity to serve the society by practising one of the most respectable professions. A student of law can choose his specialisation in an area, which suits his ability and interest from varied areas of law including criminal law, civil law, Intellectual property law, banking and finance law, information technology law, environmental law, labour and employment law, FEMA, and other corporate laws etc.
A degree in law provides not only a high earning and prestigious career but also facilitates the feeding of the intellectual needs of mind. However, it is important to note that not all lawyers make high living and the life of a lawyer is not as good and rosy as is shown in various TV serials. However, there are some areas of law, which promise a good start. It may be a reason that corporate laws are one of top favourite subjects among lawyers in the recent times. A career in corporate laws does not only promise a high paying and fastest growth opportunities but it also provides an opportunity to function as a key part of strategy makers of the corporate.
A degree in company secretaryship along with one in law ensures a promising career with good growth prospects and fast development opportunities. However, at the same time, it requires wholehearted efforts and undisturbed determination to work towards achievement of this goal. A combination of these two qualifications can help one to climb his career ladder faster but a commitment is needed to surrender the mind and heart to the profession.
A degree of CS and a degree in law complement each other for a person who wishes to become a successful corporate lawyer. Both the qualifications help to improve the analytical skills of a student, which is a prime necessity to become a good professional. While company secretaryship facilitates students to gain expert knowledge of various corporate laws, a degree in law helps them to implement their knowledge in practical situations.
A degree in law enables students to understand the functioning of a democratic society and how political, economic and social wings of the society function under the legal framework. A degree in law facilitates students to appreciate the fact that law is a supreme power and it has a right to punish everyone whosoever breaks the rules made under the law. Similarly, CS course facilitates professionals to understand that the importance of working within the laws of the country.
The Dual qualification helps not only to get a good start at the initial stage of a career but it also facilitates to implement the knowledge in much better way at the time of strategy making for effectively attaining the company’s objectives and ensuring hundred percent compliance by company.
In today’s highly dynamic business and economic environment, the composition of these two degrees facilitates the understanding and appreciation of the importance of responsible functioning of corporates within the legal framework and providing expert guidance to corporates for better sustainable growth, not only for attainment of their goals but also for the benefit of the society at large.
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