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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>ICSI limits compliance certificates to 50 per year per member; exceeding is misconduct under Company Secretaries Act 1980.</h1> The Institute of Company Secretaries of India has set a limit on the number of compliance certificates that a practicing member can issue. According to Notification No. 1001/1/DR, dated February 27, 2003, a member can issue compliance certificates to a maximum of fifty companies per calendar year, starting January 1, 2003. Exceeding this limit will be considered professional misconduct under the Company Secretaries Act, 1980. For firms, this ceiling applies individually to each partner authorized to sign compliance certificates as per section 383A of the Companies Act, 1956. This rule is effective for certificates signed on or after January 1, 2003.
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