Tag Archives: Debenture – holders

REGISTERS AND ANNUAL RETURN


In last post, we discussed about register of members, register of debenture – holders and register of other security holders. Now, we will discuss, some other provisions related to these registers and also about annual return.

PLACE OF KEEPING AND INSPECTION OF REGISTERS AND RETURNS (SECTION 94):

The registers required to be kept and maintained by a company under section 88 and copies of the annual return filed under section 92 shall be kept at the registered office of the company.

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MEMBERS AND DEBENTURES – HOLDERS


Clause 55 of Section 2 says that member in relation to a company means –

(a)  the subscriber to the memorandum of the company who shall be deemed to have agreed to become member of the company, and on its registration shall be entered as member in its register of member;

(b) every other person who agrees in writing to become a member of the company and whose name is entered in the register of the company; and

(c)  every person holding shares of the company and whose name is entered as a beneficial owner in the records of a depository.

On the other hand, a holder of a debentures is called a debentures – holder.

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