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Register maintenance requirement ensures companies keep registers of members and security holders, with depository records deemed equivalent. Companies must keep prescribed registers of members, debenture holders and other security holders, with an index of names; depository-maintained registers of beneficial owners are deemed corresponding registers; a company may maintain a foreign register if authorised by its articles; failure to maintain registers or the index attracts statutory fines including additional daily fines for continuing defaults.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Register maintenance requirement ensures companies keep registers of members and security holders, with depository records deemed equivalent.</h1> Companies must keep prescribed registers of members, debenture holders and other security holders, with an index of names; depository-maintained registers of beneficial owners are deemed corresponding registers; a company may maintain a foreign register if authorised by its articles; failure to maintain registers or the index attracts statutory fines including additional daily fines for continuing defaults.
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