Maintainance of Records & Minutes
What are statutory registers?
Statutory registers are the registers to be maintained by a company to record certain important data of the company
Who need to prepare statuatory Registers?
As per the provisions of Companies Act,2013, every company needs to prepare Statutory Register and keep them at the registered office of the company.
What is Directors and Shareholders Register?
A shareholder register is a list of active owners of a company's shares, updated on an ongoing basis. In the directors register record of appointment, resignation, cessation is maintained alongwith the detailed particulars thereof.
Where is the register of members kept and can we inspect it?
The register of Members shall be kept at the registered office of the company. It shall be available for inspection during business hours without payment of any fees.
Why do we maintain Register of Charge?
According to section 77(1) of the Companies Act, 2013 and Rule 3 of Companies (Registration of charges) rules, 2014: every Company creating or modifying the charge, whether in India or outside, shall register the particulars of charge and maintain the register to record the date of creation , modification and satisfaction along with the details of property against which charge is created.
What is recorded in register of ESOP?
Following details need to be recorded in register of ESOP: Name of the Employees to whom the shares have been allotted, Employee Code, Number of Shares allotted, Lock-in period, if any etc.
Who maintain Register of renewed and duplicate share certificates?
The company is required to maintain a register of Renewed and Duplicate Share Certificates and entries pertaining to the renewed and duplicate share certificate has to be made
Why is Register of securities bought back maintained?
As per the Companies Act 2013, a register of shares and other securities bought back needs to be maintained by a company in Form SH 10.
At what intervals minute books are to be bound?
Minutes should be bound after specific intervals and entered in minutes book within thirty days from the date of conclusions of the meeting.
Whether minute books can be kept physically or electronically?
Minutes of all the meetings should be preserved permanently either in physical mode or electronic mode.
When requirement for minutes arise?
Each and every activity of company needs to be recorded in the form of minutes.