List four types of registers a company is required to keep and outline the contents of each register stating who can access the register
ANSWER
Types of Registers
1. REGISTER OF MEMBERS
Every company must keep a register of members. Its contents include:
• Name of the shareholders
• Postal addresses.
• Number of shares or stocks held.
• Date of entry of the name n the register.
The register of members is accessible to:
• Members of the company without charge.
• Others subject to payment of the prescribed charge.
2. REGISTER OF DIRECTORS AND SECRETARIES
Every company, must keep a register of its directors and secretaries at its registered office.
The register contains:
• Christian and surname of every director.
• His postal address.
• His nationality.
• Business occupation.
• Other directorships.
• In the case of a company its name, registered office and postal address.
The register is accessible to:
• Members of the company without charge.
• Others on payment of the prescribed charge.
• Directors and secretaries of the company.
3. REGISTER OF CHARGES
Every limited company must keep a register of charges at its registered office.
The register contains:
• Particulars of all fixed and floating charges created by the company.
• Description of the property charged.
• Amount of charge.
• Names of the persons entitled thereto.
The register is accessible to:
• Creditors of the company without charge.
• Members of the company without charge.
• Others on payment of the prescribed charge.
4. REGISTER OF DEBENTURE-HOLDERS
If a company issues a series of debentures, it must keep a register of holders of such debentures at its registered office.
The register contains:
• Particulars of the debentures.
• Names of the persons entitled thereto
• Description of the security.
The register is accessible to:
• Holder of any debenture without charge.
• Holder of shares in the company without charge.
• Others on payment of the prescribed charge.
• Register of directors Shareholding, etc
Every company must keep a register showing as respects each director of the company, the number, description and amount of shares or debentures of the company or any other body corporate being the company’s subsidiary or holding company.
The register contains:
• Number, description and amount of shares or debentures held.
• Nature and extent of the director’s interest in the shares or debentures.
The register is accessible to:
• Any member of the company.
• Holders of debentures of the company.
• Any person acting on behalf of the registrar.