law: Companies Act, 2013 
  Chapter
  
  VII
  Management
  
  and Administration
  88.
  
    Register
  
  of members, etc.
  1.      Every company shall
  
  keep and maintain the following registers in such form and in such manner as
  
  may be prescribed, namely:—
  a.     
  
    register
  
  of members indicating separately for each class of equity and preference shares
  
  held by each member residing in or outside India;
  b.    
  
    register
  
  of debenture-holders; and
  c.     
  
    register
  
  of any other security holders.
  1.     
  2.      Every register
  
  maintained under sub-section (1 ) shall include an index of the names
  
  included therein.
  3.      The register and
  
  index of beneficial owners maintained by a depository under section 11 of the
  
  Depositories Act, 1996, shall be deemed to be the corresponding register and
  
  index for the purposes of this Act.
  4.      A company may, if so
  
  authorised by its articles, keep in any country outside India, in such manner
  
  as may be prescribed, a part of the register referred to in sub-section (1 ),
  
  called “foreign register” containing the names and particulars of the members,
  
  debentureholders, other security holders or beneficial owners residing outside
  
  India.
  5.      If a company does not
  
  maintain a register of members or debenture-holders or other security holders
  
  or fails to maintain them in accordance with the provisions of sub-section (1 )
  
  or sub-section (2 ), the company and every officer of the company who is
  
  in default shall be punishable with fine which shall not be less than fifty
  
  thousand rupees but which may extend to three lakh rupees and where the failure
  
  is a continuing one, with a further fine which may extend to one thousand
  
  rupees for every day, after the first during which the failure continues.