Company is a legal entity made up of association of people. Companies can be natural, legal, or mixture. These are the organizations which can be commercial as well as industrial. Members of the company share a common goal and focus upon by uniting themselves. Company's goal is an agenda for the employees of the company which is achieved by the talent, effort, and skills in them.
Statutory register is a form of register in which company's data is maintained. Every company needs to have a statutory register which is kept in registered office or in Company's house. Mostly these are the single bound book or loose-leaf binder which can be kept in any form, such as a computer record.
According to Section 94, private companies may opt to keep certain information on the Central Companies House register instead of on their own statutory registers. In most of the companies, it is important to keep statutory registers. Since it is not only is it requirement of the Companies Act. But, also they should be kept up to date. Most probably the register of members, in particular, is the primary authority.
In every company record of the members (shareholders) is kept. This includes the names, addresses, numbers, Class of shares of the members. It also includes the date at which the person was registered or ceased as a member, the amount paid, or agreed to be considered as paid, on the shares.
In Companies Act, 2006 there is an amendment about the inspection of the register. It remains open to any member of the company without payment. It can be with anyone else on payment of the prescribed fee.
Request for inspection or copies must contain the following information
In every limited company, there is a requirement to keep its registered office a register of charges and enter in it all charges specifically affecting property of the company and all floating charges.
Persons with significant control (PSC) register is the new register of people with significant control underemployment act 2015.
Every company should keep this register .This is the register for holders and Register of any other security holders in accordance with Section 88(1) of the Companies Act, 2013. This register is allotted in every company used to maintain a separate register of debenture holders or security holders
Other registers are the registers, such as a register of allotments, register of transfers, These are not statutory registers and there is no obligation.