Closure of register of member.

[gaurav siddhapura]

Under which circumstances company will have to close its register of
member? i.e under section 154.

[CS Shainshad Aduvanni]

Dear Gaurav,

During the period of AGM,

Atleast 7 days notice is a must.

Regards

On 7 March 2012 12:39, gaurav siddhapura <siddhapur...@gmail.com> wrote:

Under which circumstances company will have to close its register of
member? i.e under section 154.

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Shainshad Aduvanni
Company Secretary
Coimbatore

09841414439
0422-2434491/92/93

[Amar Hussain]

- To find out the members/shareholders/debentureholders to send the notice of AGM/EGM

- for declaration of dividend

- for Right issue

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Amar Hussain Shaikh

M.A., LLB., CS

Hyderabad

 

[Amar Hussain]

- and also for Bonus issue

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[gaurav siddhapura]

Dear Amar,

Under which section particularly given for EGM. In is not included in the listing agreement also. 

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Gaurav Siddhapura.

[CS Shainshad Aduvanni]

Dear Gaurav,

Closure of Register u/s 154 of the Companies Act, 1956 is not mandatory for AGM/EGM.

But in case what MrAmar has mentioned, for Dividend, Bonus, Rights Issue, it is a Must to close the Register in order to fix a Record Date.

Simply for AGM/EGM, it is Not Mandatory but if in case you wishes to close then, follow section 154 of the Companies Act, 1956.

Hope you understood the points.

Regards

[kameswara Rao Kappagantula]

Yes

Closure of Register of mebers is not mandatory excep0t in case of Listed Company.

Mostly companies which are having large number of Shareholder base and have transfer of shares frequetly they will close books for matters as above....

If u close books then u need to comply the Section 154 and in case of listed Company section 154 is mandatory through Listing agreement

Kamesh

[Deepti Jairaj]

A private company which has only 2 shareholders who are the only directors of the company, has declared dividend. Is it mandatory for such a closely held company to close its register of members or to comply with section 154 of CA, 1956?

Please give your opinion on the matter.

[VIMAL SHARMA Compliance]

In Pvt Company Book Closure is not applicable but you can have such book closure to ascertain who will be beneficial owner of corporate benefits

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Thanks & Regards,

Vimal Sharma

Move out of your comfort zone, You can only grow, if you are willing to feel awkward and uncomfortable, when you try something New..

[Deepti Jairaj]

So even if the company has not closed its register of members, it doesnt amount to non-compliance. Please correct if I'm wrong