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of <h1>Register closure limits and penalties under company law for members, debenture-holders, security holders - notice rules explained</h1> A company may temporarily close its register of members, debenture-holders, or other security holders for up to thirty days at a time and not more than forty-five days in total in a year, provided prior notice of at least seven days is given, or a shorter period if permitted by the Securities and Exchange Board for listed or listing-intended companies, in the prescribed manner. Failure to give proper notice or exceeding the time limits attracts a penalty on the company and each defaulting officer of five thousand rupees per day, capped at one lakh rupees.
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