Hello
If a person is a member (shareholder) of the company but in previous two years he was not the member & then also he is asking for copies of statutory registers & annul reports of last 3 years, my question is if i can reject his application on the ground that he was not the member in previous two years & give him only on year copies.
Thanks
Pooja S Mirani
It is not mentioned in the law that the member can only ask for the balance sheet for the period in which he was member.
If its a pub. ltd. co, even a stranger can ask for the balance sheets and view that at the registered office of the co. and ask for a copy of that and even take out notings from the b/sheet of the co. on payment of fees.
See sec, 163 (2). 163(3), 163(4) and 163(5)
After all, I don't think your ground for denial of presentation B/Sheets is valid..
Expert views recommeneded.
I don't think you can reject on the ground that he was not a member for 2 previous year, as per the provision he is having right to inspect the register and Act does not limit for specific year.
CAclubindia
