COMPANIES ACT, 1929 
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(3) The registrar of companies shall, on the delivery to him 
of the said statutory declaration, and, in the case of a company 
which is required by this section to deliver a statement in lieu of 
prospectus, of such a statement, certify that the company is entitled 
to commence business, and that certificate shall be conclusive evi- 
dence that the company is so entitled. 
4) Any contract made by a company before the date at which 
it is entitled to commence business shall be provisional only, and 
shall not be binding on the company until that date, and on that 
date it shall become binding. 
(5) Nothing in this section shall prevent the simultaneous 
offer for subscription or allotment of any shares and debentures or 
the receipt of any money payable on application for debentures. 
(6) If any company commences business or exercises borrowing 
powers in contravention of this section, every person who is respon- 
sible for the contravention shall, without prejudice to any other 
liability, be liable to a fine not exceeding fifty pounds for every 
day during which the contravention continues. 
(7) Nothing in this section shall apply to 
a) a private company; or 
b) a company registered before the first day of January, 
nineteen hundred and one; or 
a company registered before the first day of July, nineteen 
hundred and eight, which has not issued a prospectus 
inviting the public to subscribe for its shares. 
Register of Members. 
95.—(1) Every company shall keep in one or more books a Register of 
register of its members, and enter therein the following particulars :— members. 
‘a) The names and addresses, and the occupations, if any, 
of the members, and in the case of a company having a 
share capital a statement of the shares held by each member, 
distinguishing each share by its number, and of the amount 
paid or agreed to be considered as paid on the shares of each 
member; 
The date at which each person was entered in the register 
as a member; 
The date at which any person ceased to be a member: 
Provided that, where the company has converted any of its 
shares into stock and given notice of the conversion to the registrar 
of companies, the register shall show the amount of stock held by 
each member instead of the amount of shares and the particulars 
relating to shares specified in paragraph (a) of this subsection. 
(2) If default is made in complying with this section, the 
company and every officer of the company who is in default shall be 
liable to a default fine. 
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