Register u/s 301 of the companies act

Guys,

         I am the Sole Proprietor of X as well as the Managing Director of Y (P) Ltd. where the other and only director is A.

I and A together create a new company named Z (P) Ltd. Funds are often transferred from X and Y (P) Ltd. to Z (P) Ltd.

How does Register u/s 301 applicable to Z (P) Ltd. ?  Please note that there is no formal arrangement to transfer funds. Do I have to pass a resolution in a board meeting to make it a formal arrangement and then keep Register u/s 301 for compliance with section 297 and 299 of the Companies Act, 1956 ?

Live example....only change of names..