MGT-1 — Register of members

Section 88 requires every company to maintain a register of members recording each shareholder's name, address, class and number of shares held, and the dates on which they became and ceased to be a member. Form MGT-1 is the prescribed format; it is a register kept at the registered office (or with the RTA, for companies with one), not a document filed with the ROC on a schedule — it is produced on demand, at inspection, or during an audit.

The register of members is the primary source a diligence team cross-checks against the cap table spreadsheet, the PAS-3 filings, and the demat statements — and the three rarely agree in a company that has been maintaining the register manually. Saral generates the register directly from the ledger, so it is definitionally consistent with every allotment and transfer event rather than a parallel document someone updates separately.

Any member may inspect the register free of charge during business hours, and the company must make copies available on request within the statutory time and fee prescribed by rule.

The cap table, where MGT-1 — Register of members appears as a computed field traced to the ledger event that created it.