Corporate and Other LawsMCQQuestion 12539 of 300
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Under Section 88 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, the Register of Members of a company shall be preserved:

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Permanently

All Options:

  • APermanently ✓
  • BFor a period of not less than 8 years from the date of each entry
  • CFor a period of not less than 15 years
  • DFor a period of 5 years following dissolution

Detailed Solution & Explanation

Correct Answer: Option **A** (Permanently) **Statutory Provision (Section 88 - Register of Members, etc.):** Rule 15(1) of the Companies (Management and Administration) Rules, 2014 provides that the register of members along with the index shall be preserved permanently and shall be kept in the custody of the company secretary or any other person authorized by the Board. Therefore, Option A is the correct legal position under the ICAI curriculum.

More Questions from Corporate and Other Laws

Under Section 77(1) of the Companies Act, 2013, within what initial statutory period must a company register a charge created on its property or assets with the Registrar of Companies (ROC)?

Under Rule 3(3) of the Companies (Acceptance of Deposits) Rules, 2014, what is the maximum aggregate limit of deposits that an eligible public company can accept from its members and the public?

Which of the following is a requirement for a company to buy back its securities under the Companies Act, 2013?

What is the tax treatment of buyback of shares by an unlisted company?

Explain the concept of differential rights and its significance in the context of buyback of securities.

What are the legal provisions governing the buyback of securities by a company in India?

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