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Statutory registers under companies act for a pvt. co.?

CA-AK (CA) (600 Points)

10 November 2015

Please clarify

Provisions for maintaining Statutory registers under companies Act along with rules are applicable to pvt. Co's also?

There are so many provisions like ESOP's, buy back etc, which are not applicable for pvt. Co.'s.

Regards,

Anamika

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2 Replies

Radhika (Company Secretary) (303 Points)
Replied 13 November 2015

Yes. They are applicable to Private Limited Companies as well. You can maintain a combined statutoty register and enter /fill in whatever is applicable to you and leave the remaining.

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shivaji prasad bhimavarapu (CHARTERED ACCOUNTANT) (2391 Points)
Replied 16 November 2015

Statutory registers are compulsory for private companies also. In addition to these, make a practice of taking attendnce sheets duly signed by the attendants in respect of Board Meetings as well as Memebers meetings. This will avoid further litigations to aduitors, secretaries and other officers in case of any dispute.