In this paper the issue of constraining the control input and the state variables in continuoustime systems via sliding mode control was considered. The sliding mode controller was designed using the reaching law technique. Further, the time-varying convergence rate was selected so that the fastest, finitetime, monotonic convergence of the state to the predefined sliding hyperplane simultaneously satisfying both control input and state limitations is ensured. Sufficient condition that guarantees these properties was presented and proved. INDEX TERMS continuous-time systems, control input constraint, sliding mode control, state constraint