Closure of register of members must be expressly stated in notices; transfer book notices are improper and misleading. Companies must, when closing statutory registers pursuant to the governing statutory power, expressly refer to the closure of the register of members and/or the register of debenture holders; notices referring only to non statutory 'transfer books' are unnecessary and improper where those books differ from the statutory registers and may cause shareholder confusion.
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.
Closure of register of members must be expressly stated in notices; transfer book notices are improper and misleading.
Companies must, when closing statutory registers pursuant to the governing statutory power, expressly refer to the closure of the register of members and/or the register of debenture holders; notices referring only to non statutory "transfer books" are unnecessary and improper where those books differ from the statutory registers and may cause shareholder confusion.
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