Priya Sharma (Company Secretary & Student.MBA) (998 Points)
31 October 2009Can anybody throw some light on closure of register of members and the procedure for the same???
Thanks in advance
Regards
Priya Sharma
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 31 October 2009
I believe you are talking about closure in case of unlisted company.
In case of unlisted company closure of register of member is governed by section 154. In such company closure is not mandatory but optional. However if you opt to close your register then full compliance of section 154 is mandatory. Like you have to give notice of closure in the news paper and observe the time limits given in the section itself.
Regards
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 03 November 2009
And what is the procedure for closure of register of members in case of a listed Public Company?
Rgds
Priya
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 03 November 2009
Decide a date of book closure as per your convenience. Intimate stock exchange about the date with reason of book closure pursuant to clause 16 of Listing Agreement.
Also intimate your RTA accordingly.
Anuja
(Auditor)
(22 Points)
Replied 07 December 2009
Is there any standard format for register of members?
If so, what is that?
CS Snehal
(Compliance Manager)
(346 Points)
Replied 08 December 2009
Name
Father's/Husband's Name
Address
Occupation
Folio No.
No. of shares
Date of allotment/transfer
Nominal Value
No, Date of certificate of transfer
Transferor's Name & Folio No.
Distinctive No. of Shares
Amount Paid
Date of Payment
Date of Transfer
No. of shares Transferred
Transferors' Name and Folio no.
Nominal Value
Balance shares
name of Nominee
Remarks.
The Register of Members format as per section 150(1) - This is generally kept by the RTA.
The Company maintains the list ofmembers with the name of shareholder and second holder (if any), folio no, number of shares, address, % holding to total capital.
Rest of the details can be taken from the RTA.
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