Section 170 of the Companies Act, 2013
Section 170 of the Companies Act, 2013 deals with the "Register of directors and key managerial personnel and their shareholding."
📜 Section 170 – Register of Directors and KMP & Their Shareholding
🔹 (1) Maintenance of Register:
Every company shall maintain at its registered office a register containing details of:
Its directors and key managerial personnel (KMP), including:
Name
Date of appointment
Designation
Other prescribed particulars
This register must also contain details of securities held by them in the company or its holding, subsidiary, subsidiary of holding, or associate company.
🔹 (2) Filing with Registrar:
A return containing such particulars (as mentioned above) shall be filed with the Registrar (ROC) within 30 days of appointment or any change.
👉 This is done in Form DIR-12.
🔹 (3) Inspection of Register:
The register is open for inspection during business hours:
By members of the company, and
By any other person on payment of prescribed fees.
✅ Key Points Summary:
| Requirement | Details |
|---|---|
| Register Location | Registered office of the company |
| Content | Particulars of Directors and KMP + their shareholdings |
| Filing with ROC | Within 30 days (Form DIR-12) |
| Inspection | Allowed to members and others with fees |
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