Mastering Statutory Registers: Your Key to Companies Act 201

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Under the Companies Act 2013, every Indian company must maintain Statutory Registers for members, directors, charges, and more. These legally mandated records ensure transparency, governance, and compliance. Registers like MGT-1, MGT-2, MBP-4, SH-2, and CHG-7 cover shareholding, management, securities, contracts, and financial transactions. Proper maintenance includes accurate data entry, timely updates, authentication by a Company Secretary (CS), and secure preservation. Registers must be available for inspection and can be kept electronically or physically at the registered office. Non-compliance can attract penalties up to ₹10 lakh, and in some cases, imprisonment.