Section 209 of the companies act talks about maintaining books of accounts and penalties for non compliance therein. This act may be called the indian medical council act, 1956. Reconciliation of asset register fixed asset register a fixed asset register is a statutory register maintained under section 2091c of the companies act. Format of all statutory registers under companies act.
Companies act, 1956 format of statutory registers taxguru. Companies act, 1956 bare acts law library advocatekhoj. Companies act with its variations is a stock short title used for legislation in botswana, hong kong, india, malaysia, new zealand, south africa and the united kingdom in relation to company law. These reporting requirements were prescribed under the companies auditor s report order, 2003 caro 2003 by the ministry of corporate affairs mca. Apr 01, 2020 companies act in pdf is available for students and professionals. I have come across instances where transactions between holding and subsidiary are recorded in sec 301 register though none of the. As per the auditors report, the company has entered into certain related party transactions and consequently entries have been made in the register maintained under section 301 of the act. Companies act, 20 requires every company to maintain at its registered head office office books of accounts and relevant documents and the. In this act, unless there is anything repugnant in the subject or context. Maintenance of statutory registers companies act 20 cleartax. Section 301 register of contracts, companies and firms in which directors are interested.
Companies preservation and disposal of records rules. Companies act in pdf is available for students and professionals. As per my understanding statuory registers and other registers are suppose to keep and maintain under the companies act, 1956, as for example. The books of account and other books and papers maintained by the company within india shall be open for inspection at the registered office of the company or at such other place in india by any director during business hours, and in the case of financial. Register of loans made, guarantees given, securities provided or investment made by the company.
Reconciliation of asset register fixed asset register. Every company shall maintain the registers under clauses a, b and c of sub section. Registers to be maintained under companies act, 1956. Download registers to be maintained under companies act, 1956.
In this connection, it is hereby clarified that registers maintained by companies pursuant to subsection 5 of section 372a of companies act, 1956 may continue as per requirements under these provisions and the new format prescribed vide form mbp2 shall be used for particulars entered in such registers on and from 1. Books of accounts are a prime source of information through which information can be extracted about a company. Regulations, companies act, 20, companies act, 1956 to the extent. An act to consolidate and amend the law relating to companies and certain other associations. Entry in register of charges of appointment of receiver or manager. Format of all statutory registers under companies act taxguru. Section 25 companies under companies act 1956 legal news. Section 128 of companies act, 20 books of account, etc.
Section 145 application of part to charges requiring registration under it but not under previous law. Yk alagh in the companies act, 1956 by inserting part ix a, paving a way for the incorporation of producer companies. Register of shareholders 4 chapter iii management 8. Explore the companies act 20 and companies act 1956. A company means a group of persons associated together for the attainment of a common end, social or economic.
Registers to be maintained under the companies act, 1956 registers to be maintained under the companies act, 1956. Section 186 of companies act, 20 loan and investment. April 2020 edition of my ebook on the companies act, 20 is available for sale from april 1, 2020. Declaration by directors under section 184 of the companies act, 20,shall be maintained from the end of the financial year to which it relates. Provisions as to or branch registers of companies kept in brunei darussalam. The act came into force on 12 september 20 with only 98 provisions of the act notified. The pdf file you are about to download is not created by writinglaw. Registers to be maintained under the companies act,1956. Relevant sections register name physical or soft copyp or s updated y or n remarks register of investments in any 497 shares or securities not held in its 1 own name 58a read with companies acceptance of deposits registers of. Ministry of company affairs, india has introduced a bill for amendment based on the report submitted by high powered committee under the chairmanship of dr. Maintenance of books of accounts in companies act, 1956. Pl go through the factories rules made by your state.
This article is on the annual compliance requirements and registers to be maintained by companies under companies act, 20. Part vi management and administration section 146 424. Which registers does a company need to maintain under. Other registers many companies keep other registers, such as a register of allotments, register of transfers, register of sealings, but these are not statutory registers and there is no obligation to do so. For a company to function smoothly and comply with the statutory requirements, it is required to maintained certain registers and records in order to fulfill the statutory, statistical, disclosure, mis1. Rectification by company law board of register of charges. Act means the companies act, 20 and companies act, 1956. Part ixa of companies act, 1956 income tax department. If you agree then only proceed to download companies act 20 pdf.
Nov 09, 2017 iv institutions notified by the central government under subsection 2 of section 4a of the companies act, 1956 1 of 1956 so repealed under section 465 of this act. Download format of statutory registers required to be maintained under companies act, 1956. Register of contracts, companies and firms in which directors are interested. Section 25 companies under companies act 1956 legal. List of statutory registers under companies act, 1956 sr. The registers need to maintained and updated eventually and should be kept at the registered office of the company. Projects private limited as required to be maintained under the companies act, 1956, the act and the rules made thereunder and the provisions contained in the memorandum and articles of association of the company for the financial year ended on 31st march 2002. The maximum amount outstanding during the year was rs 47.
Dec 06, 2012 under the companies act, 1956 maintenance of books of accounts is mandatory for every class of companies. All statutory registers of the company maintained under the companies act, 1956 will be. The companies act, 20 act has come up with a change in the concept of loan and investment by company. Registrar means the registrar of limited liability partnerships as designated under subsection 51 and includes any assistant registrar appointed under. This register requires a company to maintain various details relating to all its assets that form a. Administration constituted under section 10e of the companies act, 1956 1 of 1956. College, varanasi, writes about the various registers required to be maintained under companies act, 20 for a company to function smoothly and comply with the statutory requirements, it is required to maintained certain registers and records in order to fulfill the statutory, statistical, disclosure. Sep 09, 2009 format of all statutory registers under companies act 1. In addition to the books of accounts, registers of certain particulars that are prescribed under the companies act must be maintained by a company.
Under the companies act act, 1956, section 25 company can be defined as a limited company formed for the sole object of promoting commerce, art, science, religion, charity, or any other useful object, and intends to apply its profits, if any, or other income in promoting its objects, and to prohibit the payment. Applicability of section 372a companies act 1956 abcaus. Under the companies act, 1956, a company is required to maintain certain registers and records. Be it enacted by parliament in the sixth year of the republic of india as follows 1. You are advice to maintain following registers for factory act 1948. The companies act 20 is an act of the parliament of india, divided into 29 chapters containing 470 sections and has 7 schedules. List of statutory registers under companies act, 1956. Statutory registers to be maintained as per factories act. Apr 04, 2017 in the era of ease of doing business in india, the labour ministry has finally simplified procedures in relation to the maintenance of registers under various labour laws prevalent in india. Incorporation services limited provides an expert service for all your company formation and company law requirements, including all company secretarial matters such as completing statutory registers. However, with the growth of the economy and increase in the complexity of business operation, the forms of corporate organizations keep on changing. Definitions 1 chapter ii extablishment, incorporation and share capital of the bank 3. Updated version of the companies auditors report order. Act, 1956 contents chapter i preliminary sections page 1.
Every company limited by shares shall, from the date of its registration, maintain a register of its members in form no. Directors report compliance certificate to the members, we have examined the registers, records, books and papers of hargaon properties limited the company as required to be maintained under the companies act, 1956, the act and the rules made thereunder and also the provisions contained in the. But central government approval is not required uls 188 of the companies act, 20. Content introduction definition characteristics of a company types of company 2. An analysis on the law related to statutory registers. Annual compliance requirements and registers to be maintained. The register of directors interests, formerly required to be kept under the companies act 1985, is no longer required. Law related to statutory registers 2 the registers shall be maintained at the registered office of the company unless a special resolution is passed in a general meeting authorizing the keeping of the register at any other place within the city, town or village in which the registered office is situated or any other place. Although the list of particulars provided below is enormous, in practical situations, there is a large register which is divided into many sections, and each section contains the details of the. An act to provide for the reconstitution of the medical council of india and the maintenance of a medical register for india and for matters connected there with.
Full text containing the act, companies act, 1956, with all the sections, schedules, short title, enactment date, and footnotes. Associations and partnerships to be registered as companies under act. Copy of instrument creating charge to be kept by company at registered office. Circular no 152014 issued on 9th june further lays down that that registers maintained by. Section 31i of the companies act, 1956 defines a company as. Laws of brunei chapter 39 companies act enactment no. The maximum amount outstanding during the year was rs 1,950,186,528 and the yearend balance of such loan amounted to rs nil. College, varanasi, writes about the various registers required to be maintained under companies act, 20. I have examined the register, records, books and papers of j.
The companies act, 1956 broadly classifies the companies into private and public companies and provides for regulatory environment on the basis of such classification. Provided that in the case of a company existing on the date of commencement of the act, the particulars as available in the register of members maintained under the companies act, 1956 shall be transferred to the new register of members in form no. Law related to statutory registers extract of the relevant provisions prescribed in section 88 of the companies act, 20 as under. Ministry of labour and employment on 21st february, 2017 has notified the ease of compliance to maintain register under various labour law rules, 2017.
Provided that in the case of existing companies, registered under the companies act, 1956, particulars shall be compiled within six months from the date of commencement of these rules. The companies act, 20 the act and the rules made there under the rules lays down that every company incorporated under the act has to maintain statutory registers the registers. Every company shall maintain the registers under clauses a, b and c of subsection. Members proxy holders are requested to bring their attendance slip along with their copy of annual report to the meeting.
Format of all statutory registers under companies act 1. The contract labour central rules, 1971 form xiii register of persons employed sec. Query on register to be maintained us 301 of the companies act, 1956 corporate law. Pdf companies act 1956 and 20 pdf download, high quality. In this blogpost, divyaish kumar srivastava, student, shri harish chandra p. List of mandatory and non mandatory statutory registers to be maintained under companies act 1956. Provided that in the case of existing companies, registered under the companies act, 1956, particulars shall be compiled within six. Be it enacted by parliament in the seventh year of the republic of india as follows.
The act has replaced the companies act, 1956 after receiving the assent of the president of india on 29 august 20. The new act provides that intercorporate investments not to be made through more than two layers of investment companies. Register of investments in any shares or securities not held in its own name. It shall come into force on such date as the central government may, by notification in the official gazette, appoint. I have examined the registers, records, books and papers of marathwada refractories limited the company as required to be maintained under the companies act, 1956, the act and the rules made there under and also the provisions contained in the memorandum and articles of association of the company for. Section 88 of companies act, 20 register of members, etc. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts.
Registers and documents to be maintained by the company the various registers and files to be maintained by the companies under the companies act, 1956 and other corporate laws have been segregated into three categories as follows. There are some other registers and records, the maintenance. Nov 19, 2010 can someone tell me what are the statutory registers required to be maintained under companies act 1956. Statutory registers record record non preparation of minutes meetings general meetings penalty under companies act 20 of board fine rs. Declaration by directors under section 164 of the companies act, 20,shall be maintained from the end of the financial year to which it relates. Registers and documents to be maintained by the company. Annual compliance requirements and registers to be. Insight on section 186 of the new companies act, 20. Ebook on companies act 20 in pdf april 2020 edition.
Provided that no institution shall be so notified unless. The bill for an act with this short title will usually have been known as a companies bill during its passage through parliament. Short title, commencement and extent 1 this act may be called the companies act, 1956. Register to be maintained us 301 of the companies act, 1956. There is no such provision under section 372a of erstwhile companies act, 1956. The advantages of section 25 companies over other companies registered under companies act are discussed below. All documents and information as originally filed with roc for incorporation of company under section7 subsection 1. Mgt1 and in case additional information, required as per provisions of the act and these rules. Statutory registers to be maintained under companies act, 20. Introductionwhat is company a company is an artificial person created by law. Jan 20, 2011 the advantages of section 25 companies over other companies registered under companies act are discussed below. Copy of every instrument creating any charge requiring registration 3. The companies act, 1956 lays down that every company incorporated under this act must maintain and keep at its registered office certain books, registers and copies of certain returns, documents etc. Exercise of voting rights in respect of shares held in trust.
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