CS Professional is the last strenuous level that a CS aspirant must clear before donning the hat of an adroit, highly skilled CS. The CS Professional programme is divided into Module 1, Module 2 and Module 3 with Nine interdisciplinary, diversified papers and hence the different subjects for each of these three modules are succinctly delineated below.
Module 1 -1. Governance, Risk Management, Compliances and Ethics
2. Advance Tax Laws
3. Drafting, Pleadings and Appearances
Module 2 -4. Secretarial Audit, Compliance Management and Due Diligence
5. Corporate Restructuring, Insolvency, Liquidation & Winding-up
6. Resolution of Corporate Disputes, Non-Compliances & Remedies
Module 3 -7. Corporate Funding & Listings in Stock Exchanges
8. Multidisciplinary Case Studies (Open Book Examination)
9. Electives - wherein a student has to take up one of the below listed papers. (Open Book Examination)
9.1 Banking – Law & Practice
9.2 Insurance– Law & Practice
9.3 Intellectual Property Rights– Laws and Practices
9.4 Forensic Audit
9.5 Direct Tax Law & Practice
9.6 Labour Laws & Practice
9.7 Valuations & Business Modelling
9.8 Insolvency – Law and Practice
It is appurtenant to mention that Paper 8 and Paper 9 of CS Professional Programme is an Open Book Examination wherein a candidate would meticulously have to apply several different theories and applications for coherently answering the questions, albeit all the other papers are of descriptive nature, without any negative marking. The passing and exemption criteria for CS Professional Programme is same as delineated above for CS Executive, wherein it is imperative for a candidate to secure a minimum of 40% marks in each individual subject and an overall 50% aggregate for all the subjects of either one or all the three modules that a student appears for, in one sitting.
Also the total fee for CS Professional Programme is Rs13000, along with which a candidate has to pay an additional fee of Rs.1200 for each module, that he wishes to appear in.
A CS aspirant who has primarily cleared CS Executive or the CS Professional exams, has to undergo a mandatory training of fifteen months in either a company that has a minimum paid up share capital of fifty lakhs rupees or with a practising CS. Such CS students can also undertake an internship program in Ministry of Corporate Affairs, Registrar of Companies, Official Liquidator, Regional Directors Banks, Consultancy Firms, Law Firms, Financial Institutions, LLPs, Government Bodies, PSU's and in several other departments.
Post completion of the rigours albeit highly advantageous and practical internship, a candidate who has effectively completed the CS Professional Programme has to undergo a 15days of MSOP training ie Management Skills Orientation Programme and completing the MSOP is an obligatory prerequisite for any CS Professional to attain admission as a fellow associate member of the ICSI. The MSOP is a highly beneficial programme for all the young and inexperienced CS Professionals, wherein they get an opportunity via the programme, to interact with the highly learned and skilled faculty members, along with the other reputed senior members of the ICSI and post completion of the MSOP training, a candidate would be able to prefix the supremely admirable CS appellation, along with his name.