LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Copies of Statutoty Registers

pooja (1) (139 Points)

15 March 2011

Hello

If a person is a member (shareholder) of the company but in previous two years he was not the member & then also he is asking for copies of statutory registers & annul reports of last 3 years, my question is if i can reject his application on the ground that he was not the member in previous two years & give him only on year copies.

Thanks

Pooja S Mirani

Reply
Follow
Share

2 Replies

Shridhi Jain (Company Secretary) (1678 Points)
Replied 16 March 2011

It is not mentioned in the law that the member can only ask for the balance sheet for the period in which he was member.

If its a pub. ltd. co, even a stranger can ask for the balance sheets and view that at the registered office of the co. and ask for a copy of that and even take out notings from the b/sheet of the co. on payment of fees.

See sec, 163 (2). 163(3), 163(4) and 163(5)

After all, I don't think your ground for denial of presentation B/Sheets is valid..

Expert views recommeneded.

Nagesh babu K L (Company Secretary) (51 Points)
Replied 16 March 2011

I don't think you can reject on the ground that he was not a member for 2 previous year, as per the provision he is having right to inspect the register and Act does not limit for specific year.