NCLT the New era of regulation

Limit of signing of annual return by Practicing Company Secretary

Annual Return:

A member of the ICSI holding a valid certificate of practice shall be entitled –

(i) to certify Annual Return pursuant to Section 92(2) of the Companies Act, 2013, for not more than 80 companies for each of the financial year under consideration.

(ii) to sign Annual Return pursuant to Section 92(1) of the Companies Act, 2013, for any number of companies, for each of the financial year under consideration.

Unlike secretarial audit, annual return certification and signing come into effect from financial year 2014 – 15. 

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