Statutory Register

Running a company in India involves a lot of paper, I mean, mountains of paper. I think I may have submitted more than 200 pages of documents (many of them, the same over and over again to different agencies to get approvals) just to get through the basic incorporation and other licenses.

One of the important books that the company has to maintain is the "Statutory Register". It is a relic of 1950s that still lives on. It has the following registers:

1. Applications for and Allotment of Shares
2. Register of Members and Share Ledger (Rule 7)
   
3. Register of Share Transfer
4. Register of Debunture Holders
5. Register of Directors, Managers, and Secretary and Companies/Firms in which Directors are interested (Rules 303, 301(3) of Companies Act, 1956)
   
6. Register of Directors' share and debenture holding (Rule 307 of Companies Act, 1956)
   
7. Register of Contracts (Section 297, 299, 301 of Companies Act, 1956)
   
8. Register of Charges (Section 143(1) of the Companies Act, 1956)
9. Register of Deposits (Under the Companies Acceptance of Deposits Rules, 1979)
10. Register of Investments (including register of investments not kept in Company's name and of investment in shares and debentures of bodies corporate in the same group) (Section 372(5))
11. Register of Loan and Guarantee
12. Register of Common Seal (i.e, list of documents on which the common seal has been placed).

This Statutory Register can be bought from a bookstore that specializes in corporate stationery. One such store in Bangalore is:

Industrial and Commerical Prints
No.11, 2nd cross Gandhinagar, Bangalore - 560009
Ph: +91-80-22266513