register u/s 301



Querist : Anonymous (Querist)
27 May 2010
what is register u/s 301?

is this is related party tansection register to be maintained by the company.

how it is useful in audit of the listed company?

please reply as soon as possible.


CMA.Palani Arumugam (Expert)
27 May 2010
Register u/s.301 is a Statutory register.
This is a register of contracts, companies and firms in which directors are interested.


Sec 301 provides for maintaining a register to record,

(a)Any contract or arrangement entered into by a Company with its directors or relatives or firms in which such director or relative is a partner or private company in which such director is a member.
(b)Any contract or arrangement entered into by a Company with another Company (either public or private)where any of the directors or two or more of them togther hold 2% or more of the paid up share capital of the another company.


Rahul Gupta (Expert)
28 May 2010
Agreed, It is one of the statutory register need to be maintained. Non maintenance will lead to point leading to non fulfillment of law. It will be a point in audit report and also the compliance report of CS.


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