Closure of register of members

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2014 Does a Public Unlisted Co, needs to give advertisement in newspaper for closure of Register of Members for the purpose of Rights Issue?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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29 December 2014 According to my view it is required only for listed company and company intends to get its securities listed.

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2014 Can we do this by just fixing a record date and not closing the Register of Members? If yes, then no need for newspaper advertisement?

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CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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29 December 2014 you can fix record date

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2014 Thanks alot for quick response.