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ROC RegisterShareholding of Directors
What is the Register of Directors Shareholding?
Section 170 & Rule 17 requires to maintain the Register of Directors & KMP and their Shareholding describing the Details of Directors such as Name, Address, PAN etc and their shareholding in the Company itself, its Associate Companies, Subsidiary Companies etc.
Place: These registers are required to be kept at the Registered Office of the Company
Authentication of Entries: Section and rule is silent about the authentication but generally required to be authenticated after the entry is made, in the coming Board Meeting of the Company by CS or Authorised Director/Officer of the Company.
Inspection: The Register can be inspected during Business Hours & members have right to take extracts & copies on request for free of cost within 30 days of making the request. The Register shall be open for inspection in the Annual General Meeting (AGM) of the Company & made accessible to every person attending the AGM.
Penalty: Non-maintenance may attract the penalty on the Company & every Officer in Default minimum of Rs. 50 Thousand which may extend upto Rs. 5 Lakhs.