What is Inspection of minute-books of general meeting? What is Maintenance and inspection of documents in electronic form? Section 119 and 120 of Indian Companies Act 2013

Inspection of minute-books of general meeting and Maintenance and inspection of documents in electronic form are defined under Section 119 and 120 of Indian Companies Act 2013. Provisions under these sections are:

Section 119 of Indian Companies Act 2013 "Inspection of minute-books of general meeting"

(1) The books containing the minutes of the proceedings of any general meeting of a company or of a resolution passed by postal ballot, shall -

(a) be kept at the registered office of the company; and

(b) be open, during business hours, to the inspection by any member without charge, subject to such reasonable restrictions as the company may, by its articles or in general meeting, impose, so, however, that not less than two hours in each business day are allowed for inspection.

 
(2) Any member shall be entitled to be furnished, within seven working days after he has made a request in that behalf to the company, and on payment of such fees as may be prescribed, with a copy of any minutes referred to in sub-section (1).

(3) If any inspection under sub-section (1) is refused, or if any copy required under sub-section (2) is not furnished within the time specified therein, the company shall be liable to a penalty of twenty-five thousand rupees and every officer of the company who is in default shall be liable to a penalty of five thousand rupees for each such refusal or default, as the case may be.

(4) In the case of any such refusal or default, the Tribunal may, without prejudice to any action being taken under sub-section (3), by order, direct an immediate inspection of the minute-books or direct that the copy required shall forthwith be sent to the person requiring it.

Section 120 of Indian Companies Act 2013 "Maintenance and inspection of documents in electronic form"

Without prejudice to any other provisions of this Act, any document, record, register, minutes, etc., -

(a) required to be kept by a company; or

(b) allowed to be inspected or copies to be given to any person by a company under this Act, may be kept or inspected or copies given, as the case may be, in electronic form in such form and manner as may be prescribed.

What is Notice of meeting? What are the Statement to be annexed to notice? What is Quorum for meetings? Section 101, 102 and 103 of Indian Companies Act 2013

Who will be the Chairman of meetings? What is Proxies? What are the Restriction on voting rights? Section 104, 105 and 106 of Indian Companies Act 2013

Voting by show of hands, Voting through electronic means, Demand for poll, Postal ballot. Section 107, 108,109 and 110 of Indian Companies Act 2013

What is Circulation of members resolution? What is Representation of President and Governors in meetings? What is Representation of corporations at meeting of companies and of creditors. Section 111, 112 and 113 of Indian Companies Act 2013

What are Ordinary and special resolutions? What are Resolutions requiring special notice? What are Resolutions passed at adjourned meeting? What are the Resolutions and agreements to be filed?. Section 114, 115, 116 and 116 of Indian Companies Act 2013

Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot? Section 118 of Indian Companies Act 2013

What is Inspection of minute-books of general meeting? What is Maintenance and inspection of documents in electronic form? Section 119 and 120 of Indian Companies Act 2013

 

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