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of <h1>Companies Must Give 7 Days' Notice for Closing Member Registers; Fines for Non-Compliance Under Section Rules.</h1> A company can close its register of members or debenture holders for up to 45 days in a year, with no single closure exceeding 30 days, by giving at least seven days' notice through a newspaper advertisement in the area of its registered office. Failure to comply with these notice requirements or exceeding the closure period results in a fine of up to five thousand rupees per day for the company and responsible officers.
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