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Section 170 Of Companies Act 2013: Register of Directors & Key Managerial Personnel & Their Shareholding

SECTION-170 (Register of directors and key managerial personnel and their shareholding) under CHAPTER-XI (Appointment and Qualification of Directors) of the Companies Act, 2013


(1) Every company shall keep at its registered office a register containing such particulars of its directors and key managerial personnel as may be prescribed, which shall include the details of securities held by each of them in the company or its holding, subsidiary, subsidiary of company’s holding company or associate companies.
(2) A return containing such particulars and documents as may be prescribed, of the directors and the key managerial personnel shall be filed with the Registrar within thirty days from the appointment of every director and key managerial personnel, as the case may be, and within thirty days of any change taking place.









Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link


(2) Section 170 of the Companies Act 2013 was notified by MCA Notification S.O. 902(E) dated 26th March 2014 (w.e.f. 1st April 2014) - link

(3) Relevant rule(s) of the Companies (Appointment and Qualification of Directors) Rules, 2014 (w.e.f. 1st April 2014) link
  • Rule 17 - Register of directors and key managerial personnel
  • Rule 18 - Return containing the particulars of directors and the key managerial personnel [Form DIR-12]
[Also check amendments, if any, to the Companies (Appointment and Qualification of Directors) Rules, 2014]


(4) Govt. Companies - MCA Notification G.S.R. 463(E) dated 5th June 2015 - link

Sl. No.
Chapter Number/Section number/Sub-section(s) in the Companies Act, 2013
Exceptions, Modifications and Adaptations
20.
Chapter XI, section 170.
Shall not apply to a Government Company in which the entire share capital is held by the Central Government, or by any State Government or Governments or by the Central Government or by one or more State Governments.

(5) Specified IFSC Private Company - MCA Notification G.S.R. 09(E) dated 4th January, 2017 - link 

Serial
Number
Provisions of the Companies Act, 2013 (18 of 2013)
Exceptions/Modifications/Adaptations
30.
Sub-section (2) of section 170
For the words “thirty days” at both places read as “sixty days”.

(6) Specified IFSC Public Company - MCA Notification G.S.R. 08(E) dated 4th January, 2017 - link

Serial
Number
Provisions of the Companies Act, 2013 (18 of 2013)
Exceptions/Modifications/Adaptations
45.
Sub-section (2) of section 170
For the words “thirty days” at both places read as “sixty days”.






This page was last updated on 29th March, 2017.

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