1. Identify Required Updates: Review all statutory records to identify any outdated or inaccurate information that needs to be updated. This may include changes in shareholders, directors, registered office address, share capital, or any other relevant details.

2. Board Resolutions: If the updates involve changes in the company’s structure or key decisions, such as appointing new directors or altering the share capital, convene a board meeting to pass resolutions approving these changes.

3. Shareholder Resolutions (if necessary): In some cases, changes to certain statutory records may require approval from the shareholders. If this is the case, convene a general meeting and obtain the necessary shareholder resolutions approving the updates.

4. Update Company Registers: Update the company’s registers, including the register of members, register of directors, register of charges (if applicable), and any other relevant registers, with the updated information.

5. Filing with Regulatory Authorities: File any necessary forms or documents with the appropriate regulatory authorities to reflect the updates in statutory records. This may include filings with the Companies Registry or other government agencies as required by law.

6. Update Memorandum and Articles of Association: If the updates involve changes to the company’s constitutional documents, such as alterations in the company’s objects or share structure, amend the Memorandum and Articles of Association accordingly and file the necessary documents with the Companies Registry.

7. Notification to Stakeholders: Notify relevant stakeholders, such as shareholders, directors, and creditors, about the updates in statutory records. This can be done through official correspondence or by updating relevant documents and records accessible to stakeholders.

8. Maintain Compliance: Ensure that the company continues to comply with ongoing statutory obligations, such as filing annual returns, maintaining proper accounting records, and fulfilling any other legal requirements applicable to the company’s operations.

9. Regular Review and Maintenance: Establish a system for regularly reviewing and updating statutory records to ensure ongoing compliance with legal requirements and to reflect any changes in the company’s structure or operations promptly.

10. Seek Professional Advice: If you’re uncertain about any aspect of updating statutory records or if the updates involve complex legal or regulatory issues, seek professional advice from legal or corporate governance experts familiar with company law in your jurisdiction.