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Members right to inspect (Section 171 of the Companies Act, 2013)

Members right to inspect (Section 171 of the Companies Act, 2013) :

According to section 171 of the Companies Act, 2013:

(i) The register of directors and Key Managerial personnel kept under section 170(1) shall be open for inspection during business hours and the members shall have the right to take extracts therefrom and copies thereof, on request and will be provided within 30 days free of cost. [Section 171(1)(a)]

(ii) Such register shall also be kept open for inspection at every annual general meeting of the company and shall be made accessible to any person attending the meeting. [Section 171(1)(b)]

(iii) If any inspection during business hours is refused, or if any copy required as above is not sent within thirty days from the date of receipt of such request, the Registrar shall on an application made to him order immediate inspection and supply of copies required there under. [Section 171(2)]

Non applicability of section 171: Section 171 of the Companies Act, 2013 shall not apply to a Government company in which the entire share capital is held by the Central Government, or by any State Government or Governments or by the Central Government or by one or more State Government.

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