Section 163 of the Companies Act, 2013
Section 163 of the Companies Act, 2013 – Option to maintain register of members etc. in electronic form
🔹 Key Provision:
Section 163 allows companies to maintain the following registers in electronic form if they choose to do so:
Register of members (Section 88),
Register of debenture-holders, and
Register of other security holders.
✅ Details:
These registers may be maintained electronically, in a manner prescribed by the Companies (Management and Administration) Rules, 2014.
Electronic records must be maintained securely, with proper backups, and must be readily accessible when required.
📌 Applicability:
This section is optional — companies may keep registers in physical or electronic form, unless otherwise mandated.
For certain companies (like listed companies), maintaining registers in electronic form may become necessary due to SEBI or MCA rules.
⚠️ Purpose:
To promote ease of doing business, efficiency, and digitalization of company records.
Ensures that records are easily retrievable and securely maintained.
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