Statutory Books and Registers under Companies Act, 1956 - REGISTER OF INVESTMENTS IN ANY SHARES OR SECURITIES NOT HELD IN NAMES ITS OWN NAME

Section and Name           Section 49(7)  REGISTER OF INVESTMENTS IN ANY SHARES OR SECURITIES NOT HELD IN NAMES ITS OWN NAME

Format The register should contain the following information in relation to each investment made: name of the company or body corporate in which investment is made; date of Board resolution; date of investment; kind and number of securities; purpose for making the investment; certificate number; distinctive number of securities; folio number/client ID number; cost of acquisition of securities; face value of securities; name of the person in whose name the investment is made; date of disposal; number of securities disposed of and sale consideration.

Entries in the register should be made forthwith, in chronological order and separate folios should be assigned to every person in whose name the investments are held.

Where to Kept  The register should be maintained at the registered office of the company.

Inspection          The register should be open for inspection of any member or debenture holder of the company during the business hours of the company without payment of any fee, subject to such reasonable restrictions as the company may impose by its articles or in general meeting so that not less than 2 hours in each working day of the company are allowed for inspection.

Authentication Entries in the register should be authenticated by the secretary of the company or by any other person authorized by the Board for the purpose, by appending his signature to each entry.

Preservation      The register should be preserved permanently and should be kept in the custody of the secretary of the company or any other person authorized by the Board for the purpose.