Table A of Companies Act

Yogesh Shah (Managing Corporate Finance)   (1051 Points)

24 June 2010  

Hi Friends,

 

 

 

I am going to start an Audit of one Public Co. soon in which I want to apply my C.Law knowledge & hence I am preparing “ROC related questionnaire”. For that I want to clear my some of doubts. Here is one :-

 

 There are 16 (sixteen) statutory registers which Co. has to maintain compulsorily. Take an example - Register of Foreign Members u/s 157 etc.

 

 

 

 

My question is – is it mandatory for company to maintain it even if such situation is not applicable? (because company in question doesn’t have any foreign member)

 

 

Plus, I want to know the practical issues in respect of Table A of Companies Act. Does it matter that company has adopted Table A as its AoA? Means I want to know :-

 

 1)     whether maintenance of aforesaid statutory registers depends on what has adopted by the company, Table A or its own AoA?    OR

 

2)     it doesn’t make any difference that whether company has adopted Table A or it has drafted its own AoA.

 Co. has to maintain statutory registers.

 

 

 

Which of the above is correct?

 

 

 

 

Kindly leave ur valuable comments.