Register of investments not held in company name: mandatory recordkeeping of title, securities details, acquisition and disposal information. Form MBP 3 requires companies to maintain a register for investments not held in the company's name, recording board authorisation date, investment date, the person or depository in whose name the investment stands with contact details and purpose, and details of the investee company, class and number of securities, client/depository account identifier, face and paid up value, cost of acquisition, and disposal particulars. The register must include remarks and an authorised signature by the MD, director, secretary or whole time director.
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 investments not held in company name: mandatory recordkeeping of title, securities details, acquisition and disposal information.
Form MBP 3 requires companies to maintain a register for investments not held in the company's name, recording board authorisation date, investment date, the person or depository in whose name the investment stands with contact details and purpose, and details of the investee company, class and number of securities, client/depository account identifier, face and paid up value, cost of acquisition, and disposal particulars. The register must include remarks and an authorised signature by the MD, director, secretary or whole time director.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.