Where must statutory books be kept?

Where must statutory books be kept?

• A. The bank
• B. The regulator's office
• C. The company's registered address
• D. The warehouse

Answer: (C)

Statutory books are the official records a company must keep and make accessible for inspections and regulatory filings. They include the registers of members and directors and other key records. These must be kept at the company's registered address because this is the formal location used for service of documents and official correspondence, ensuring regulators, auditors, and shareholders can access them easily. A bank or regulator's office isn’t the appropriate place to store ongoing company records, and a warehouse is intended for goods, not legal records. If the company changes its registered address, it must update the relevant authority so the books stay with the official records.

Statutory books are the official records a company must keep and make accessible for inspections and regulatory filings. They include the registers of members and directors and other key records. These must be kept at the company's registered address because this is the formal location used for service of documents and official correspondence, ensuring regulators, auditors, and shareholders can access them easily. A bank or regulator's office isn’t the appropriate place to store ongoing company records, and a warehouse is intended for goods, not legal records. If the company changes its registered address, it must update the relevant authority so the books stay with the official records.