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of <h1>Companies Must Keep Member Registers Updated; Non-Compliance Leads to Daily Fines Under Section [Insert Section Number]</h1> Every company must maintain a register of its members in one or more books, detailing each member's name, address, occupation, shares held, and the dates of membership changes. If shares are converted to stock, the register should reflect this conversion. Non-compliance with these requirements results in fines of up to five hundred rupees per day for the company and responsible officers.
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