File Descriptors

I run a shell server and I am running into a problem with not having enough file descriptors and keep getting errors like this:
/bin/sh: error while loading shared libraries: libtermcap.so.2: cannot open shared object file: Error 23
error 23 as defined in errno.h is file table overflow, how do I increase the number of file descriptors available on my system, and is there an absolute limit or a reason not to raise it to a large number? I am currently running kernel 2.2.17 UP, any help you can provide will be greatly appreciated.

Brian Parris
[email protected]
[email protected]

P.S. Please cc me, i am on the list but i don't want it to get lost in the kernel folder

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