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Statutory Registers Every Company Must Maintain
FinTax24 Editorial Team5 min read
Every company must maintain statutory registers under the Companies Act 2013: Register of Members (MGT-1), Register of Debenture Holders, Register of Charges, Register of Directors and KMP, Register of Contracts with related parties, and Register of Investments not held in the company's name. For private companies, these can be maintained at the registered office. For listed companies, certain registers must be kept open for inspection by members. Failure to maintain registers attracts penalties up to Rs 50,000 for the company and Rs 25,000 for every defaulting officer.