Lawgist91Power to close register of members or debenture holders or other security holder
(1) A company may close the register of members or the register of debenture-holders or the register of other security holders for any period or periods not exceeding in the aggregate forty-five days in each year, but not exceeding thirty days at any one time, subject to giving of previous notice of at least seven days or such lesser period as may be specified by Securities and Exchange Board for listed companies or the companies which intend to get their securities listed, in such manner as may be prescribed.
(2) If the register of members or of debenture-holders or of other security holders is closed without giving the notice as provided in sub-section (1), or after giving shorter notice than that so provided, or for a continuous or an aggregate period in excess of the limits specified in that sub-section, the company and every officer of the company who is in default shall be liable to a penalty of five thousand rupees for every day subject to a maximum of one lakh rupees during which the register is kept closed.
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- 88 Register of members, etc
- 89 Declaration in respect of beneficial interest in any shar
- 90 Register of significant beneficial owners in a Company
- 91 Power to close register of members or debenture holders or other security holder
- 92 Annual return
- 93 Omitted
- 94 Place of keeping and inspection of registers, returns, etc
- 95 Registers, etc., to be evidence
- 96 Annual general meeting
- 97 Power of Tribunal to call annual general meetin
- 98 Power of Tribunal to call meetings of members, et
- 99 Punishment for default in complying with provisions of sections 96 to 98
- 100 Calling of extraordinary general meeting
- 101 Notice of meeting
- 102 Statement to be annexed to notic
- 103 Quorum for meeting
- 104 Chairman of meetings
- 105 Proxie
- 106 Restriction on voting rights
- 107 Voting by show of hands
- 108 Voting through electronic means
- 109 Demand for poll
- 110 Postal ballot
- 111 Circulation of members‘ resolution
- 112 Representation of President and Governors in meetings
- 113 Representation of corporations at meeting of companies and of creditors
- 114 Ordinary and special resolutions
- 115 Resolutions requiring special notic
- 116 Resolutions passed at adjourned meetin
- 117 Resolutions and agreements to be filed
- 118 . Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot
- 119 Inspection of minute-books of general meetin
- 120 Maintenance and inspection of documents in electronic form
- 121 Report on annual general meeting
- 122 Applicability of this Chapter to One Person Compan
