Shweta Mahajan (Retainer) (28 Points)
14 January 2015I wanted to know whethr MGT 1, the format for members register has to be prepared for listed companies also. Listed companies have 2000+ shareholders. whether 2000 + sheets has to be prepared??
CS Adnan Shaikh
(Company Secretary)
(1301 Points)
Replied 14 January 2015
In my opinion the Register maintained by depository will be sufficient. Refer section 88(3) of Companies Act, 2013.
Other views welcomed.
Nayak
(Associate Company Secretary)
(148 Points)
Replied 15 January 2015
Not necessary. Rule 27 of Companies (Management and administration ) Rules states that the records in electronic form shall be maintained in such manner as the Board of directors
of the company may think fit. But it is mandatory that Every listed company should maintained it in Electronic Form.
CAclubindia
