Updation of Statutory Records

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Every company must maintain and keep books, registers, and copies of returns, documents, etc. at its registered office. These books are known as Statutory Books. Statutory Registers are the Registers that contain the specific record of the Company’s Directors, Shareholders/ Members, Loans & Guarantees, Deposits, shares, etc, and are placed at the registered office of the Company.

It is advised to maintain these registers for good corporate governance and to avoid penalties. Some of the statutory registers are required to be kept open by the company for inspection by directors, members, creditors of the company, and other persons

List of various statutory records are as follows

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Know more about it...

Is it compulsory for every company to maintain statutory registers?
Yes, as per various sections of the Companies Act, 2013 and rules made thereunder, every company has to maintain the specified register in the given format and within the prescribed time limit.
Does the registers required to be indexed compulsorily?
Every register mandatory to be maintained shall include an index of the names included therein.
What are the consequences if a company fails to maintain the Statutory Registers?
Non-maintenance of the statutory registers may attract the penalty on the Company & on every officer in default.
Is there any Government Contravention under this section?
The Central Government may also, by order, direct an immediate inspection of the document, or direct that the extract required shall forthwith be allowed to be taken by the person requiring it.
Can anyone ask for the copy/ extracts of such Registers?
Any such member, debenture-holder, other security holder or beneficial owner or any other person may
(a) Take extracts from any register or index, or return without payment of any fee;
(b) Require a copy of any such register or entries therein or return on payment of such fees as may be prescribed.
Who can inspect such Statutory Registers of the Company?
It shall be open for inspection by any member, debenture-holder, other security holder or beneficial owner, during business hours without payment of any fees and by any other person on payment of fee of not more than Rs. 50 per inspection.