Register of directors' shareholdings required, open to inspection and subject to penalties for non-compliance by company. Every company must keep at its registered office a register recording, for each director, the number, description and amount of any shares or debentures held by or for the director or which he has a right to acquire, with transactions during directorship shown with date and consideration. The register must be open for inspection during prescribed periods, produced at annual general meetings, and copies supplied to the Central Government or Registrar on request; non-compliance attracts fines and orders to compel inspection. Definitions treat persons directing the board and certain controlled corporate holdings as within the register's scope.