Index of shareholders

(1) Unless the shareholder register is in such form as in itself to clearly constitute an index of the names of shareholders, every company having more than fifty shareholders shall prepare and keep a separate index of the names of its shareholders.

(2) In the event of any alteration in the shareholders register, necessary alteration shall also be made in the index prepared under Sub-section (1) within thirty days after the date of such alteration in the register.

(3) The index of shareholders shall be kept in such a manner that necessary information in respect of each shareholder can be readily found from the shareholder register.

(4) The index of shareholders shall be kept together with the

shareholder register.

(5) If a company fails to comply with this Section, the company shall be deemed to have failed to comply with this Act.