New statutory registers

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Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2014 Hello

In the new format of statutory registers required to be maintained under new companies act, do we need to enter details of transaction that occurred only after passing of new act or the details are to be mentioned from the incorporation?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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25 November 2014 As per Rule 3 of the Companies (Management & Administration) Rules, 2014 all the existing companies, registered under the Companies Act, 1956, shall prepare its registers of members as per the provisions of section 88 of the Companies Act, 2013 within a period of 6 months from the date of commencement of Companies (Management & Administration) Rules, 2014.

Further after 1st April 2014 all the registers of Directors & KMP shall be prepared as per the provisions of the section 170 of the Companies Act, 2013. The register of directors & director’s shareholding maintained before 1 April, 2014 as per the provisions of the companies Act, 1956 needs not to be converted as per the provisions of the section 170 of Companies Act, 2013.

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