CLOSURE OF REGISTER OF MEMBERS/DEBENTUREHOLDERS/BOOK CLOSURE/RECORD DATE

INTRODUCTION

Section 154 of the Companies Act, 1956 deals with closure of register of members or debenture holders but the section does not elaborate the object and purpose of such closure. Clause 16 of the Equity Listing Agreement deal with closure of transfer Book and fixing of Record Date and the purpose for which such book will be closed. The provisions of section 154 apply to closure of register of members but does not refer to closure of Register of Transfer whereas Clause 16 talks about closer of transfer Book and fixing of Record Date and not about closure of Register of Members. This Article is trying to further elaborate the combination of Section 154 and Clause 15 and 16 of the Listing Agreement. 

The Complete Article is attached herewith for your reference and records.

Regards