Cos 119 — Inspection of minute-books of general meeting

Companies Act, 2013

Statutory text

(1) The books containing the minutes of the proceedings of any general meeting of a company or of a resolution passed by postal ballot, shall—
(a) be kept at the registered office of the company; and (b)  be  open,  during  business  hours,  to  the  inspection  by  any  member  without  charge,  subject  to such  reasonable  restrictions  as  the  company  may,  by  its  articles  or  in  general  meeting,  impose,  so, however, that not less than two hours in each business day are allowed for inspection.
(2) Any member shall be entitled to be furnished, within seven working days after he has made a request in that behalf to the company, and on payment of such fees as may be prescribed, with a copy of any minutes referred to in sub-section (1).
(3) If any inspection under sub-section (1) is refused, or if any copy required under sub-section (2) is not  furnished  within  the  time  specified  therein,  the  company  shall  be  liable  to  a  penalty  of  twenty-five thousand  rupees  and  every  officer  of  the  company  who  is  in  default  shall  be  liable  to  a  penalty  of  five thousand rupees for each such refusal or default, as the case may be.
(4) In the case of any such refusal or default, the Tribunal may, without prejudice to any action being taken under sub-section (3), by order, direct an immediate inspection of the minute-books or direct that the copy required shall forthwith be sent to the person requiring it.

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