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closing of register
A2z management services limited is a listed company quoted at Bombay stock exchange limited. the company closed its register of debenture holders in June and august 2016 for 12 and 21 days respectively. the chief financial officer of the company has informed the secretary of the coMpany to consider closing the register in December for another 15 days for some strategic reasons.reffering to the provisions of the companies act,2013,examine the validity of the above action of the coMpany.
Replies (3)
Action is not valid.. as per section 91 a company may close the register of debentureholders not exceeding in aggregate 45 days in each year.
Action is not valid.. as per section 91 a company may close the register of debentureholders not exceeding in aggregate 45 days in each year.
in your case.. company may close the register for another 12 days only.
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