CA Inter P2 · Chapter 6 · Question 1 of 10
Under section 91, a company may close its register of members, after giving at least seven days' notice, for periods aggregating not more than ______ in a year, and not more than ______ at any one time.
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Forty-five days; thirty days
Explanation
Section 91(1) permits a company to close its register of members or debenture-holders or other security holders for any period or periods not exceeding forty-five days in the aggregate in a year. No single closure may exceed thirty days, and at least seven days' prior notice is required.
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