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of <h1>Companies Must Keep Proper Registers Per Companies Act; Non-Compliance May Lead to Fines or Imprisonment.</h1> Companies are required by law to maintain specific registers at their registered offices, as outlined in various sections of the Companies Act. These registers must be properly maintained with all necessary details and are open for inspection by members and others. Failure to comply can result in fines or imprisonment. Recent inspections revealed some companies inadequately maintain these registers, failing to include required details such as director names and contract terms. The Department stresses the importance of adhering to legal provisions to ensure registers serve their intended purpose effectively.
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