Company law revision question and answer

The law requires that certain statutory books must be kept in the registered offices of the company.

Explain the contents and matters relating to inspection of the following statutory books:
(a) Register of members. (5 marks)
(b) Register of directors and secretaries. (5 marks)
(c) Register of directors‟ interests. (5 marks)
(d) Register of charges. (5 marks)
ANSWER

(a) Register of members: Contents
– Name of the shareholder
– Postal address
– Number of shares or stocks held
– Date of entry of the name in the register
– Date of cessation of membership

Inspection
– members of the company without charge.
– others subject to payment of the prescribed charge.

(b) Register of directors and secretaries Contents
– Christian and surnames of every director and secretary
– Postal address
– Nationality
– Business or occupation
– Other directorship,
– In the case of a company, its name registered office and postal address.

Inspection
– Members of the company without charge
– Others on payment of the prescribed charge
– Directors and secretaries of the company

(c) Register of directors interests Contents
– number, description and amount of shares or debentures held.
– nature and extent of the directors interest in the shares or debentures.

Inspection
– members of the company without charge
– debenture holders of the company.
– any person acting on behalf of the registrar.

(d)Register of charges Contents
– Particulars of all fixed and floating charged created the company.
– Description of the property charged.
– Amount of charge
– Names of persons entitled thereto.

Inspection
– members of the company without charge
– creditors of the company without charge
– others on payment of the prescribed charge.

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