Indian Cooperate Law Service About

Indian Corporate Law Services is one of the Group A services for candidates who have successfully cleared the UPSC examination. In order to be eligible for ICLS, candidates need to hold a graduate degree, preferably in the field of accounts, law, or finance. To apply for the post, candidates need to fill out the UPSC CSE application form.

Indian Cooperate Law Service
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Career Roles & Responsibilities
  1. To administer the Companies Act, the LLP Act and a few other related acts.
  2. As Registrar of Companies (RoC), the officers register the companies and partnerships floated. It is their duty to ensure that all the companies are filing their annual returns and balance sheets, and all other documents. The RoC can also carry out an investigation and initiate prosecution against criminal and civil offences in this regard.
  3. As Official Liquidators (OLs), the officers are responsible for liquidating the companies as ordered by the courts. They are responsible for taking control of the companies’ assets, recover debts, sell the company assets via public auction, settle creditors’ claims, etc.
  4. As Regional Directors (RD), the officers are the heads of the Regional Directorates. The RD is the senior-most ICLS officer in a region, there being seven Regional Directorates in India. The RDs supervise the work of the RoCs and the OLs.
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Career Education Path Summary

The Hierarchy in ICLS posting is quite big and the officers tend to get promotions to different levels depending on their hard work. ICLS cadre officers can be posted as Assistant Directors (AD), Deputy Directors (DD), and Joint Directors (JD) to make sure all the companies are working together and sticking with all the norms of the Companies Act.

The ICLS officers can be promoted to Director of Inspection and Investigation to look into the matter of various companies that are not following rules and regulations. They work on those companies that are causing a huge loss in terms of revenue and profit to the government of India. 

Have the option of promotion as Director of Inspection and Investigation to probe matters into companies that are not abiding by the rules and causing revenue loss to the Government.

These officers are allowed to serve in SFIO- Serious Fraud Investigation Officer. 

  1. Indian Corporate Law Service (ICLS) Cadre officers get posted as Assistant Directors, Deputy Directors, and Joint Directors to ensure the working of the companies in sync with the companies Act.
  2. Have the option of promotion as Director of Inspection and Investigation to probe matters into companies that are not abiding the rules and causing revenue loss to the Government.
  3. Opportunity to serve in Serious Fraud Investigation Offices (SFIO).
  4. ICLS Cadre officers working at the Ministry level gets to formulate policies, rules and regulations.
Similar Careers
1. Registrar of Companies

 

2. Official Liquidator

3. Registrar of Companies cum Official Liquidator

4. Assistant Registrar of Companies

5. Assistant Official Liquidator

6. Assistant Director

7. Bench Officer – Company Law Board

15600 – 39100 + Grade Pay 5400

 

 

1. Registrar of Companies

 

2. Official Liquidator

3. Deputy Registrar of Companies

4. Deputy Official Liquidator

5. Deputy Director

15600 – 39100 + Grade Pay 6600

 

1. Registrar of Companies

 

2. Official Liquidator

3. Joint Director

4. Secretary, Company Law Board

15600 – 39100 + Grade Pay 7600

 

1. Regional Director

 

2. Director of Inspection and Investigation

3. Director

37400 – 67000 + Grade Pay 10000

 

Director-General of Corporate Affairs (DGCA) 67000 – 79000

 

Job title Average Salary Range in Lakhs (INR)
Legal Manager 7,52,000
Legal Advisor 3,06,000
Legal Counsel 8,40,020
Corporate Legal Manager 17,00,000
Associate Attorney (Legal Firm) 9,61,000
Legal Services Chief 22,00,200
Legal Support Officer 3,11,600

1. BUSINESS AWARENESS

One of the most essential skills a corporate lawyer should incorporate is having commercial or business awareness. A corporate lawyer should be well aware of the current developments either locally, nationally or at a world business level.

Law firms are businesses like any other firm or organisation, so the lawyers must understand and value the importance of deadlines, handling confidential information, keeping low cost and such.

One of the ways you could embark this skill in yourself is by attending seminars held by professionals, listening to shows like the BBC to learn more about the sector, becoming a member of a university club or so.

2. INVESTIGATIVE SKILLS

Every corporate case is different from another, as each client faces different situations. To find solutions to cases, researching plays a crucial role as more details regarding the case give a plus point to winning a difficult argument.

Referring to various information to map out meaningful and important resources requires investigative skills to be clear in speech and on paper for the legal draft.

3. COMMUNICATION AND NEGOTIATION SKILLS

Communication and negotiation skills go hand in hand. In order to be a good negotiator, your communicating speech should be clear and understandable. As a lawyer of a corporate firm, it is the duty of the lawyer to handle the closing arguments as well as the prestige of the company as a corporate lawyer depends on its employees.

To become a successful corporate lawyer, written communication plays a key role. Corporate lawyers' duty involves articulating drafts that are error-free, avoiding misconceptions and misunderstandings.

4. COMPANY LAW LITERATE

To make your corporate career successful, it is important to possess knowledge about your firm and the company law it operates in the country.

A successful lawyer in this corporate firm should have a strong knowledge and understanding of the company's actions and it should be embedded in you as these laws comprise the winding up of the company, preventing fraud and mismanagement within the company.

5. ANALYTICAL AND CRITICAL- THINKING SKILLS

Being a corporate lawyer indulges you into various situations and scenarios which are completely different from others. To skim through every case as a lawyer, it is important you should have advanced analytical and problem-solving skills.

Critical thinking plays a major role as well, since the way you communicate your case and your clients are crucial. Having strong critical thinking skills and analytical skills will help you in your journey as a corporate lawyer to find solutions to every problem, as it is the duty of every corporate lawyer to find suitable and appropriate results to benefit your client.

6. ORGANISATION SKILLS

It is no doubt organisation skills play a crucial role in the corporate sector as well. Researching, contacting clients and subordinates, drafting legal documents, meeting clients, arranging case files, creating bonds with other professionals, require time and organisation skills.

It is equally important to organise all the information of the firm and client appropriately while differentiating between confidential and public details.

7. ESSENTIAL STRATEGY AND TEAM WORK

Being a corporate lawyer is no exception and one needs to work with many lawyers and clients in every case which is discussed by team members before a valid decision is made.

Matters like closing agreements, transactions between lawyer and client, assisting them with legal solutions and scenarios call for group discussions among teams which require the skill for good teamwork. '

Keeping close and healthy relationships in the corporate sector is no doubt a stepping stone to guide you through your corporate career. Creating strong strategies to find solutions is also one of the essential duties a corporate lawyer should consider to have a successful career in a corporate firm.

As the demand for corporate lawyers is only set to increase in the future, learning new skills and updating yourself according to the market's needs becomes essential to make corporate law a sought career.

 

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