Register of Members & Debenture holders

  • Act/Rule/Legislation

  • Online Link to Act/Rule/Legislation

  • Initial Setup or Ongoing Maintenance

    Ongoing compliance requirement

  • Filing and Maintenance Requirements

    (1) Every company shall keep and maintain the following registers in such form and in such manner as may be prescribed, namely:—
    (a) Register of members indicating separately for each class of equity and preference shares held by each member residing in or outside India;
    (b) Register of debenture-holders; and
    (c) Register of any other security holders.

  • Penalty

    If a company does not maintain a register of members or debenture-holders or other security holders or fails to maintain them in accordance with the provisions of sub-section (1) or sub-section (2), the company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to three lakh rupees and where the failure is a continuing one, with a further fine which may extend to one thousand rupees for every day, after the first during which the failure continues.

  • Application Guidelines / Responsible Persons / Comments

    Entries to be made in the register within 7 days from approval by the Board of the allotment or transfer or shares, debentures or other securities and the registers are to be maintained in compliance with Rule 5 of the Administration Rules.