no. of returns

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

rizwan mohamed

rizwan mohamed (Querist)
Follow

07 July 2009 I want to know whether there are any restrictions on no. of returns sisned by a co. secretary.

Ankur Garg

Ankur Garg (Expert)
Follow

07 July 2009 Hi Rizwan,

Find the relevant notification below:

Guidelines for issuing Compliance Certificate and Signing Annual Return

In exercise of the powers conferred by Clause (1) of Part II of the Second Schedule to the Company Secretaries Act, 1980 (56 of 1980), as amended by the Company Secretaries (Amendment) Act, 2006, the Council of the Institute of Company Secretaries of India hereby issues the following guidelines:-

A member of the Institute in practice who is entitled –

(i) to issue compliance certificate pursuant to the proviso to sub-section (1) of section 383A of the Companies Act, 1956 (1 of 1956); and /or

(ii) to sign an Annual Return pursuant to the proviso to sub-section (1) of section 161 of the Companies Act, 1956 (1 of 1956),

shall be deemed to be guilty of professional misconduct if he –

- issues compliance certificates and/or

- signs Annual Return

for more than eighty companies in aggregate, in a calendar year. Provided, however, that in the case of a firm of Company Secretaries, the ceiling of eighty companies aforesaid would apply to each partner therein who is entitled to (i)sign the compliance certificate in terms of the proviso to sub-section (1) of section 383A of the Companies Act, 1956; (ii) sign Annual Return in terms of the proviso to sub-section (1) of section 161 of the Companies Act, 1956.

These Guidelines are effective from Ist January, 2008.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now