Statutory Registers to be Maintained by a Company

Oct 9, 2019 | Blog, Companies Act

All about Statutory Registers to be maintained by the Company Under Companies Act, 2013 In India

What are the Statutory Registers?
♦According to the Companies Act, Statutory Registers are the registers that contain the specific record of the company’s shareholders, directors, deposits, loan & guaranty, etc. and are placed at the Registered Office of the Company.

Why Statutory Registers are required to be maintained?
♦For good corporate governance and to avoid the penalties, it is always advised to maintain the Statutory Registers.
♦A company shall maintain only those Statutory Registers which apply to them according to the business and transactions.

Statutory Registers required to be kept & maintained under Section 88:

1. Register of Members

2. Register of Debenture-holders

3. Index of Members & Debenture-Holders
♦There is no format as such for Index and rest things are all similar to the Register of Members.

4. Register & Index of Beneficial Owner
The Company is required to maintain the Register and Index of Beneficial Owners in which entries shall be made for the beneficial owner of the shares of the Company where the share certificates are issued in the name of some other person.
♦There is no format as such for Index and rest things are all similar to the Register of Members.

5. Foreign Register of Members, Debenture Holders, Other Security Holders or Beneficial Owners Residing Outside India.
The Company requires to maintain the Index of Members and debenture-holders in which serial wise entries shall be made for members and debenture-holders.
♦There is no format as such for Register of Foreign Members etc. and rest things are all similar to Register of Members.

6. Registers of Renewed & Duplicate Share Certificates

7. Registers of Deposits
♦There is no format as such for Register of Deposits and rest things are all similar to Register of Members except for the clause of Inspection and Penalty as there is nothing prescribed under Law.

8. Registers of Employee Stock Option (ESOP)
The Company requires to maintain the Register of Employee Stock Option providing all the details regarding the issue, e.g. Name of the Employees to whom the shares have been allotted, Employee Code, Number of Shares allotted, Lock-in period if any, etc.
♦There is no format as such for Register of ESOP and rest things are all similar to Register of Members except for the clause of Inspection and Penalty as there is nothing prescribed under Law.

9. Registers of Sweat Equity Shares

10. Registers of Securities Bought Back

11. Registers of Charges

12. Registers of Directors & Key Managerial Personnel (KMP) And Their Shareholding
The Company is required to maintain the Register of Directors & KMP and their Shareholding describing the Details of Directors such as Name, Address, PAN, etc. and their shareholding in the Company itself, its Associate Companies, Subsidiary Companies, etc.

13. Registers of Loan & Guarantee

14. Registers of Investments of the Company Not Held in Its Name
It shall contain the particulars of the investment e.g. shares or other security which is beneficially held by the Company along with the reason for not holding it in its name. The Register shall also mention the relation under which the investment is held by the other person.

15. Registers of Contracts & Arrangements in which Directors Are Interested

    captcha

    Recent Blogs

    Why a Tax Advisor is Essential for Your Business

    Running a business involves a multitude of responsibilities, from managing finances and scaling operations to ensuring compliance with ever-evolving tax laws. While tax season can be a daunting time for business owners, partnering with a tax advisor can transform the...

    Who Needs an Internal Audit in India?

    In India, internal audits are becoming more of a necessity than a choice for organizations of all types and sizes. Whether you’re running a listed company, a private firm, or even a non-profit organization, the role of internal auditing in ensuring financial...

    The Role of Accounting in Business Decision Making

    In today’s fast-paced and ever-evolving business environment, accounting plays a pivotal role in guiding businesses toward sound decisions. Whether you're running a small startup or a large corporation, understanding the financial health of your business is crucial....

    Effective Strategies for Managing Business Debt

    Running a business often involves taking on debt to fuel growth, manage operations, or navigate tough times. But if not managed properly, business debt can become overwhelming and hinder your success. In this article, we'll explore effective strategies for managing...

    Taxation of Expatriate Employees in India

    Understanding the taxation of expatriate employees in India is crucial for both individuals and businesses. Navigating the complex tax laws can be daunting, but it's essential for compliance and financial planning. Who is Considered an Expatriate in India? Definition...

    Choosing Between the New Tax Regime vs. Existing Old Regime

    Introduction Navigating the complexities of income tax in India can be daunting, especially with the introduction of the new tax regime. As a taxpayer, deciding between the new tax regime and the existing old regime can significantly impact your financial planning and...

    Complete Understanding About GSTR-1A

    Introduction to GSTR-1A When it comes to Goods and Services Tax (GST) compliance, there are numerous forms and procedures businesses need to be familiar with. One such form is GSTR-1A. But what exactly is GSTR-1A, and why is it important? GSTR-1A is a GST return form...

    Tax Planning Strategies for NRIs Returning to India

    Introduction Tax planning can be a complex process, especially for Non-Resident Indians (NRIs) who decide to return to India. As you prepare to transition back to your home country, understanding the tax implications is crucial to ensure you don’t end up overpaying or...

    MAKE AN IMPRESSION WITH US