1. Every company shall keep at its registered office a register containing such particulars of its directors and key managerial personnel as 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 documents as may be prescribed, of the directors and the key managerial personnel shall be filed with the Registrar within 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.
Legal Commentary & Landmark Judgments: Section 170
Section 170 of the Companies Act, 2013 mandates that every company must maintain a comprehensive statutory Register of Directors and Key Managerial Personnel (KMP) and their shareholding at its registered office, and report all appointments and changes to the Registrar within thirty days.
In corporate litigation involving contested directorships or disputed board changes, compare the entries in the physical Section 170 register with the e-records and Form DIR-12 receipts on the MCA portal. Discrepancies between the physical register, board minutes, and the MCA portal provide compelling evidence of backdated appointments or fraudulent filings to support an oppression petition under Section 241 before the NCLT.