HERE'S HOW IT WORKS
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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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.
Every register mandatory to be maintained shall include an index of the names included therein.
Non-maintenance of the statutory registers may attract the penalty on the Company & on every officer in default.
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.
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.
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.