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Bare acts > Companies Act, 1956 > Section 152


152. Register arid index of debenture-holders.—(1) Every company shall keep in one or more books a register of the holders of its debentures and enter therein the following particulars, namely:—

(a) the name and address, and the occupation, if any, of each debenture-holder;

(b) the debentures held by each holder, distinguishing each debenture by its number except where such debentures are held with a depository and the amount paid or agreed to be considered as paid on those debentures;

(c) the date at which each person was entered in the register as a debenture-holder; and

(d) the date at which any person ceased to be a debenture-holder.

(2) (a) Every company having more than fifty debenture-holders shall, unless the register of debenture-holders is in such a form as in itself to constitute an index, keep an index (which may be in the form of a card index) of the names of the debenture-holders of the company and shall, within fourteen days after the date on which any alteration is made in the register of debenture-holders, make the necessary alteration in the index.

(1) The index shall, in respect of each debenture-holder, contain a sufficient indication to enable the entries relating to that holder in the register to be readily found.

(3) If default is made in complying with sub-section (1) or (2), the company, and every officer of the company who is in default, shall be punishable with fine which may extend to five hundred rupees.

(4) Sub-sections (1) to (3) shall not apply with respect of debentures which, ex fade, are payable to the bearer thereof:






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