~Maintenance Of Statutory Register And Records~💛

HELLO EVERYONE! I AM HERE TODAY TO HELP YOU IN KNOWING ABOUT WHAT STATUTORY RECORDS AND REGISTER HAS TO BE MAINTAINED BY A COMPANY UNDER “COMPANIES ACT 2013".

# LIST OF RECORDS AND STATUTORY REGISTER TO BE MAINTAINED BY AN ENTERPRISE 

1) REGISTER OF MEMBERS

form used in this is - MGT-1

2) REGISTERE OF DEBENTURE HOLDERS

form used in this is - MGT-2

3) FOREIGN REGISTER MEMBERS

form used in this is - MGT-3

4) DUBLICATE SHARE CERTIFICATE

form used in this is - SH-2

5)REGISTER OF SWEAT EQUITY SHARES

form used in this is - SH-3

6) EMPLOYEE STOCK OWNERSHIP PLAN

form used in this is - SH-6

7) BUY BACK

form used in this is - SH-10

8) REGISTER OF CHARGES

form used in this is - CHG-7

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# INCOME RECORDS

Income record is not only strength and viability but it also important that financial records neither overstate nor understate the income earned by one's business. income record is important for several reasons.

INVOICE MUST CONTAIN THE FOLLOWING HEADS:-

1) Serial number

2) Address of business

3) Name of issuing business

4) Date of issue

5) Description of goods and services as well as price 

6) Service tax, VAT registration number (if applicable)

7) CIN ( company identication no)if business is being run by a company

8) Total invoice value

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# BANKING RECORDS 

To ascertain the financial strength of an company or an enterprise it is necessary that the bank balance as per records be in sync with the reality. Bank records offers a great insight into the transaction undertaken by a business.

BUSINESS MUST CONTAIN UP TO DATE RECORDS OF -

• Cheque books with complete counterfoils

• Cheque/Cash deposit counterfoils

• Bank account statement along with reconciliations

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# EXPENSES AND PURCHASE RECORDS

To determine your business profitability it is important that you should record and keep more details of expenses and purchases made in your business or by your business.

IT SHOULD CONTAIN -

• Invoice received

• Credit card statement

• Receipt/Counterfoils

• Cheque books counterfoils

• Cash vouchers

• Salary information

• Credit documents

Thanks for reading it ❣️☺️👍I hope it was helpful to you.For more information read my other blogs.