Inspection by Shareholders

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2011 Can a shareholder inspect the books of accounts or can he ask information about the company's financials like debt or cash balance, etc at any time during the year? Can the company deny to give such information to shareholders? Plz enlighten.

RG - A Helping Hand

RG - A Helping Hand (Expert)
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23 July 2011 A shareholder is entitled to the duly audited balance sheet of the company.

As per section 219 and 220 it is duty of the company to provide the shareholder the following once in a year:

1. Notice of AGM
2. Directors report
3. auditors report
4. Balance sheet of the company.

Rgds

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2011 Yes balance sheet is to be sent for the year end.. i meant that suppose a shareholder asks financial information say as on 30th July. then is it necessary for the company to provide such information to the shareholder?

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