170 Register of Directors and key Managerial Personnel and their Shareholding

Notified Date of Section: 01/04/2014

¹[170.(1) Every company shall keep at its registered office a register containing such particulars of its directors and key managerial personnelas 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 documentsas may be prescribed, of the directors and the key managerial personnel shall be filed with the Registrar within^2&3[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.]

Exceptions/ Modifications/ Adaptations

1. In case of Government Company -Section 170 shall not apply to 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. -Notification dated 5th june, 2015.

2. In case ofSpecified IFSC Public Company- In Sub-section (2) ofsection 170 For the words “thirty days” at both places read as “sixty days”. -Notification Dated 4th January 2017.

3 . In case ofSpecified IFSC Priavte Company- In Sub-section (2) ofsection 170 For the words “thirty days” at both places read as “sixty days”. -Notification Dated 4th January 2017.