Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Companies Can Close Member Registers for 45 Days Annually; Penalties for Notice Violations Apply Under Section 91.</h1> A company is authorized to close its register of members, debenture-holders, or other security holders for up to 45 days annually, with no single closure exceeding 30 days. Prior notice of at least seven days is required, unless a shorter period is specified by the Securities and Exchange Board for listed companies. Failure to adhere to these notice requirements or closure limits results in a penalty of five thousand rupees per day, up to a maximum of one lakh rupees, for the company and any defaulting officer.
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