dear freinds,
Pl. let me know whether book closure under section 154 of the companies act, 1956 is mandatory for unlisted public company?
Regards
CS Zankhana Joshi
4 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 06 August 2009
No.
Book closure under section 154 of the companies act, 1956 is not mandatory at all for unlisted public company.
Check the first line of Section 154. It says "A Company May". But if you decided to close your Company's books then you have to follow the procedure mentioned by Section 154.
Regards
zankhana Trivedi
(Company Secretary)
(462 Points)
Replied 06 August 2009
hi,
Thanks. Thank u so much
Rasesh
(CS CWA MBA (Fin) B.Com LL.B (Spl))
(6501 Points)
Replied 07 August 2009
No need to have a record date or close the regiser of members in case of unlised company. However, if closed, public notice is mandatory.
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