Register of directors may be kept in loose leaf form if safeguards prevent tampering and periodic binding is ensured. The Department prefers that the register of directors be kept in bound books but allows a company to maintain the register in loose leaf form if it implements all practicable safeguards against manipulation, tampering or interpolation and arranges for the loose leaf records to be bound at reasonable intervals, analogous to the binding of minute books.
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.
Register of directors may be kept in loose leaf form if safeguards prevent tampering and periodic binding is ensured.
The Department prefers that the register of directors be kept in bound books but allows a company to maintain the register in loose leaf form if it implements all practicable safeguards against manipulation, tampering or interpolation and arranges for the loose leaf records to be bound at reasonable intervals, analogous to the binding of minute books.
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