Inspection rights of company members: Registrar must verify membership before permitting inspection of private companies' profit and loss accounts. Private companies filing under section 220 need not pay a separate filing fee for the profit and loss account if it is filed at the same time as the balance sheet. Inspection of a private company's profit and loss account is restricted to members; the Registrar must verify membership by referring to the list of members and demanding production of share scrip duly endorsed in the applicant's favour.
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Provisions expressly mentioned in the judgment/order text.
Inspection rights of company members: Registrar must verify membership before permitting inspection of private companies' profit and loss accounts.
Private companies filing under section 220 need not pay a separate filing fee for the profit and loss account if it is filed at the same time as the balance sheet. Inspection of a private company's profit and loss account is restricted to members; the Registrar must verify membership by referring to the list of members and demanding production of share scrip duly endorsed in the applicant's favour.
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