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of <h1>Companies Can Close Member Registers for 45 Days Annually; Must Provide 7-Day Notice or Face Penalties.</h1> A company is permitted to close its register of members, debenture-holders, or other security holders for up to 45 days in a year, with no single closure exceeding 30 days. This requires a prior notice of at least seven days, or a shorter period as specified by the Securities and Exchange Board for listed companies. Failure to comply with these notice requirements or closure duration limits results in a penalty of 5,000 rupees per day, up to a maximum of 100,000 rupees, for the company and any responsible officers.
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