Inspection rights of members: access to company minute books and prescribed copy supply with penalties for refusal. Section 196 grants members a statutory right to inspect minute books of general meetings kept at the registered office during business hours, subject to reasonable restrictions but ensuring at least two hours daily for inspection. Members may obtain copies within seven days on payment of the prescribed fee per one hundred words. Refusal to allow inspection or failure to supply copies within the time prescribed renders the company and defaulting officers liable to fine, and the Central Government may order inspection or direct that the copy be furnished forthwith.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inspection rights of members: access to company minute books and prescribed copy supply with penalties for refusal.
Section 196 grants members a statutory right to inspect minute books of general meetings kept at the registered office during business hours, subject to reasonable restrictions but ensuring at least two hours daily for inspection. Members may obtain copies within seven days on payment of the prescribed fee per one hundred words. Refusal to allow inspection or failure to supply copies within the time prescribed renders the company and defaulting officers liable to fine, and the Central Government may order inspection or direct that the copy be furnished forthwith.
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