: (1) Every company having more than fifty shareholders shall prepare and keep a separate list (index) of the names of its shareholders, except in cases where the register book is set up in such a way that the list (index) of the names of the shareholders is clear from the shareholder registration book.
(2) If any change is made in the shareholder's registration book, the necessary changes must also be made in the list prepared as per sub-section (1) within thirty days from the date of such change.
(3) A list of shareholders should be kept in such a way that the necessary information regarding all shareholders can be easily obtained from the shareholders' register book.
(4) The list of names of the shareholders should be kept with the shareholder registration book.
(5) If a company fails to comply with this section, it shall be deemed not to comply with this Act.