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CS Professional · Compliance Management, Audit and Due Diligence · Legal Framework Governing Company Secretaries

Rohit Nair, a Fellow member holding a valid certificate of practice, wants to retain the certificate for the year starting 1 April. As per the Act, by when is the annual fee payable?

The annual fee for the certificate of practice is payable on or before the 1st day of April in each year, as section 6(2) provides. The form and amount of fee are determined by the Council by notification.

  1. AOn or before the 1st day of April in each yearCorrect
  2. BOn or before the 30th day of June in each year
  3. COn or before the 31st day of March of the following year
  4. DWithin the time the Central Government notifies each year

Explanation

Section 6(2) says the fee determined by the Council is payable on or before 1 April in each year. The other dates are not in the Act.

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