Can anyone tell me that for the declaration of dividend in an AGM of an unlisted public limited company, the Register of Members and Share Transfer Books are required to be closed for how many days before the AGM.
Sumit Jaiswal (Company Secretary) (818 Points)
29 September 2011Can anyone tell me that for the declaration of dividend in an AGM of an unlisted public limited company, the Register of Members and Share Transfer Books are required to be closed for how many days before the AGM.
AMIT MISHRA
(Legal Professional)
(393 Points)
Replied 29 September 2011
Hi Sumit,
In case of an unlisted Company the Company can keep the books closed for a maximum period of 45 days and maximum 30 days at a time including the date of AGM. There is no minimum period specified for Book Closure FOR UNLISTED COMPANY, As Section 154 makes it optional for Unlisted Company.
Thanks & Regards
Amit Mishra
BSamrish & Co.
New Delhi
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
