What is Consequences of not maintaining statutory registers?

Companies are required to maintain various statutory registers, such as the Register of Members, Register of Directors, etc. Failure to do so can lead to a penalty of up to ₹3 Lakhs on the company and ₹50,000 on each officer in default.

Startup Example: During due diligence, an investor asks to see the startup's statutory registers, and the founder is unable to produce them. This is a major red flag indicating poor corporate governance.

Our secretarial services include the maintenance of all statutory registers.