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Electronic maintenance of registers

Gaurav (ACS) (90 Points)

05 August 2014

Under Companies act 2013, any compnay can maintain statutory regosters in electronic form?? Or only the listed company.

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P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 05 August 2014

Any company can do so {Ref. Section 120}.

Vandana J Doshi (Practising Company Secretary) (12562 Points)
Replied 06 August 2014

Yes, it depends on company s decision.....

Gaurav (ACS) (90 Points)
Replied 06 August 2014

Originally posted by : Vandana J Doshi
	Yes, it depends on company s decision.....

How to maintain registers electronicaly???it is mandatory for every compnay or its optional??

Vandana J Doshi (Practising Company Secretary) (12562 Points)
Replied 07 August 2014

INitially the Act/rules had made it mandatory for every listed company and companies having not less than one thousand shareholders, debenture holders and other security holders, to maintain its records, as required to be maintained under the Act or rules made there under, in electronic form. However vide amendment dated 24/07/2014, to the rules of chapter VII, the same has been made optional.....

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Gaurav (ACS) (90 Points)
Replied 09 August 2014

Whats the procedure to maintain registers electronically?? What are the Forms or what??

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 09 August 2014

There are ready made software available in the market to take care of this requirement. One such software is:

https://www.anupalan.com/anupalan-2728/

You can search google for more such software.

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Gaurav (ACS) (90 Points)
Replied 12 August 2014

Can a Co. be incorporated with "India" in its name?? What are the compliances if any??

Gaurav (ACS) (90 Points)
Replied 13 August 2014

Originally posted by : Vandana J Doshi
	INitially the Act/rules had made it mandatory for every listed company and companies having not less than one thousand shareholders, debenture holders and other security holders, to maintain its records, as required to be maintained under the Act or rules made there under, in electronic form. However vide amendment dated 24/07/2014, to the rules of chapter VII, the same has been made optional.....

Every company limited by shares shall, from the date of its registration, maintain a register of
its members in Form No. MGT.1:
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.