Question

${Heya\: Mate..!}$
Ques:What do you mean by 'index of members'?
Topic: joint stick company

${Have\: a\:great\: journey..!}$​

Answer 1

$\huge\mathcal{Hello\:Mate..!!}$

Here's Your Answer..!!

Index of members can be defined as Alphabetically arranged list of members of a company, with page numbers on which their information can be found.

Companies Act, 1956

Sec 151 Index of members states that-

(1) Every company having more than fifty members shall, unless the register of members 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 members of the company and shall, within fourteen days after the date on which any alteration is made in the register of members, make the necessary alteration in the index.

Meaning: A company that has more than 50 members has to maintain an index with the essential official information of its workers/employees. Also, if any change is made in the company then it should be,bwithin 14 days, entered or removed from the register.

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

(3) The index shall, at all times, be kept at the same place as the register of members.

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

Hope this Helps..!!

#BeBrainly❤️