Statutory Books and Registers under Companies Act, 1956 - REGISTER OF DIRECTORS’ SHAREHOLDINGS

Section and Name           Section 307 REGISTER OF DIRECTORS’ SHAREHOLDINGS

               

Format The register should contain the following particulars in regard to each director of the company: name of the director; number, description and nominal value of securities held by or in trust for the director in the company or in any other body corporate being the subsidiary or holding company of the company, or subsidiary of the holding company of the company; date of acquisition and price or other consideration paid; date of disposal and price or other consideration received; and cumulative balance of number of securities held.

Entries in the register should be made forthwith

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

Inspection "The register should be open for inspection during the business hours of the company, 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. Members can inspect the register without payment of any fee and any other person can inspect the  register on payment of the requisite fee. "

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.