Maintenance and Authentication of Statutory Records, and why should you do it electronically?
By Sai Ranadive, Domain Specialist | Apr 10, 2024
A qualified Company Secretary, having a master's qualification in Business policy and Corp governance, with specialisation in corporate laws, and experience in handling and monitoring statutory compliances for various corporates. Currently working as a domain specialist with product teams to build and deliver solutions to automate legal and secretarial compliance processes.
About the Webinar
Companies incorporated under the Companies Act, 2013 (“Act”) are required to maintain statutory registers, as prescribed, and they must be kept at the registered office of the company in paper or electronic form, in accordance with the Act and Rules established thereunder. Further, Rule 27 of Companies (Management & Administration) Rules, 2014 permits every listed company or a company having not less than 1000 shareholders, debenture holders and other security holders, to maintain its records, as required to be maintained under the Act or rules made there under, in electronic form. With the advent of technology, electronic records have become the new way of documentation. Accordingly, maintaining statutory registers in electronic format enables companies to store, update, authenticate and retrieve statutory registers in a quick and convenient manner.CimplyFive’s secretarial automation software BLISS is designed on the basis of applicable statutory mandates and enables corporates and its secretarial teams to automate and seamlessly create and maintain statutory registers electronically.
Things we will discuss
Overview of Companies Act, 2013 provisions for statutory register maintenance.
Transitioning to electronic register maintenance.
BLISS features:
- Auto-triggering of applicable registers.
- Auto-updating sheets for seamless maintenance.
- OTP-based timestamping for authentication.
- Report generation capabilities.
- PDF output in statutory format
Benefits of using BLISS for corporate compliance and efficiency.
Live Q&A
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