Section 88 of the Companies Act, 2013
Section 88 of the Companies Act, 2013 deals with the maintenance of registers by companies.
✅ Section 88 – Register of Members, Debenture-holders, and Other Security Holders
Every company is required to maintain proper records of its ownership structure.
🔹 1. Registers to be Maintained:
A company shall keep and maintain the following registers:
(a) Register of Members:
For company with share capital: Register shall contain details of equity and preference shareholders.
For company without share capital: Register shall show names and addresses of all members and details of membership.
(b) Register of Debenture-Holders:
Contains the details of all debenture-holders of the company.
(c) Register of Other Security Holders (if any):
Includes information on holders of other securities like bonds or convertible instruments.
🔹 2. Contents of Registers:
Registers must include:
Name, address, PAN or any other ID
Details of shares/securities held
Date of becoming a member/holder
Date of cessation (if applicable)
Email ID (if provided)
🔹 3. Location of Registers:
These registers must be maintained at the registered office of the company.
Can be maintained electronically as well, subject to prescribed rules.
🔹 4. Inspection and Access:
Members, debenture-holders, and other security holders have the right to inspect these registers during business hours.
Extracts can be requested and must be provided within a prescribed time and fee.
📌 Rule-Making Power:
The Central Government can prescribe the form and manner of maintaining these registers under the Companies (Management and Administration) Rules.
🎯 Objective of Section 88:
To ensure transparency, traceability, and accountability in the company’s ownership and security structure.
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