Entitlement of trainees by pcs

Entitlement of Trainees by Company Secretaries in Practice

ANNOUNCEMENT

The Council at its 201^st meeting held on 23^rd-24^th June, 2011, in supersession of its earlier decision which was notified in October, 2008 issue of Chartered Secretary, has decided that with effect from                 24^th June, 2011, for the purpose of clause (c) of Regulation 48 of the Company Secretaries Regulations, 1982, the number of trainees to be sponsored by the Company Secretary in Practice (PCS) including a partner in a firm of Company Secretaries, will be equal to the number of years of continuous practice of the concerned member subject to a maximum of twenty trainees. 

A PCS with two years of continuous practice will be entitled to engage only one trainee.

If the PCS surrenders his certificate of practice and starts his practice after a gap, he will be entitled to have the same number of trainees as he was entitled when he surrendered his certificate of practice.

Source: www.icsi.edu