SECTION 91. POWER TO CLOSE REGISTER OF MEMBERS OR DEBENTURE-HOLDERS OR OTHER SECURITY HOLDERS
[Effective from 12th September, 2013]
(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.
Applicable Rules
Companies (Management and Administration) Rules, 2014
[Effective from 1st April, 2014]
Rule 10. Closure of register of members or debenture holders or other security holders.—(1) A company closing the register of members or the register of debenture holders or the register of other security holders shall give at least seven days previous notice and in such manner, as may be specified by Securities and Exchange Board of India, if such company is a listed company or intends to get its securities listed, by advertisement at least once in a vernacular newspaper in the principal vernacular language of the district and having a wide circulation in the place where the registered office of the company is situated, and at least once in English language in an English newspaper circulating in that district and having wide circulation in the place where the registered office of the company is situated and publish the notice on the website as may be notified by the Central Government and on the website, if any, of the Company.
(2) The provisions contained in sub-rule (1) shall not be applicable to a private company provided that the notice has been served on all members of the private company not less than seven days prior to closure of the register of members or debenture holders or other security holders.
Dear corporatelawreporter.com owner, You always provide great examples and real-world applications.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that
automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe
you would have some experience with something like this. Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to your
new updates.
After looking at a few of the blog articles on your web site, I truly appreciate your way of writing a blog. I book-marked it to my bookmark webpage list and will be checking back in the near future. Please check out my website as well and tell me what you think.
Saved as a favorite, I really like your web site!
If you are going for finest contents like me, simply
go to see this web page every day because it offers quality contents, thanks
I’m truly enjoying the design and layout of your site.
It’s a very easy on the eyes which makes it much more enjoyable for me to come
here and visit more often. Did you hire out a developer to create your theme?
Exceptional work!
I couldn’t resist commenting. Very well written!
Excellent post. I was checking constantly this weblog and I am
impressed! Extremely helpful info particularly the ultimate section :) I take care of such info much.
I was looking for this certain information for a very lengthy time.
Thanks and good luck.
Your method of describing all in this paragraph is genuinely good, every one
be capable of simply be aware of it, Thanks a lot.
donaren precio Mйxico trazodone a precio competitivo en Chile
Howdy! Quick question that’s totally off topic. Do you know how to make your site
mobile friendly? My weblog looks weird when viewing
from my iphone 4. I’m trying to find a template or plugin that might be able to
fix this problem. If you have any recommendations, please share.
With thanks!
Good blog post. I certainly appreciate this website. Thanks!
Having read this I believed it was rather enlightening.
I appreciate you taking the time and energy to put this information together.
I once again find myself spending a lot of time both reading and posting comments.
But so what, it was still worth it!
Hey There. I found your blog the usage of msn. This is a really neatly written article.
I’ll be sure to bookmark it and return to learn more of your
useful info. Thanks for the post. I’ll certainly return.
I have observed that in video cameras, specialized devices help to {focus|concentrate|maintain focus|target|a**** automatically. The sensors of some digital cameras change in in the area of contrast, while others work with a beam with infra-red (IR) light, especially in low lumination. Higher specs cameras sometimes use a blend of both techniques and could have Face Priority AF where the digicam can ‘See’ some sort of face and concentrate only on that. Thank you for sharing your thinking on this blog.