Section 150 of the Companies Act requires every company

a register of its members and enter therein the following particulars: 1. the name and address, and the occupation, if any, of each member; 2.. In the

case of a company having a share capital, tlle shares held

by each member with distinctive numbers of such shares, except where such shares are held with a depository; and the amount paid or agreed to be

considered as paid on tIlose shares;

3. the date at which each person was entered in the register as a member; and

4. tlle date at which any person ceased to be a member.

Where the company has converted any of its shares into stock and notified this conversion to the Registrar, the Register of Members must. show the

amount of stock held by each member instead of the shares so converted which were previously held by him.

In the case of joint shareholders, names of all the joint shareholders must be entered in the register and the notices, etc; be sent to the first named joint

shareholder. Who has to Maintain Register of Members? The duty to maintain register of members is that of tIle company and the person incharge oi the

secretarial department as Section 150 (2) provides that in the event of failure to maintain the register, the company, and every officer who is in default,

shall be punishable with fine which may extend to Rs. 500 for each day during which the default continues.