Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Companies Act (No. 17 of 1982) - Sect 142

Inspection of minute books

142.
(1) The books containing the minutes of proceedings of any general meeting of a company held after the appointed date shall, during business hours (subject to such reasonable restrictions as the company may by its articles or in general meeting impose, so that not less than two hours in each day be allowed for inspection) be open to inspection by any member without charge.
(2) Any member shall be entitled to be furnished, with in seven days from the date on which he has made a request in that behalf to the company, with a copy of any such minutes referred to in subsection (1), at a charge not exceeding one rupee for every hundred words.
(3) Where any inspection required under the provisions of this section is refused or if any copy required under the provisions of this section is not sent within the specified period, the company and every officer of the company who is in default shall be guilty of an offence and shall be liable in respect of each offence to a fine not exceeding two hundred and fifty rupees and further to a fine of two hundred and fifty rupees.
(4) In the case of any such refusal or default, the court may by order compel an immediate inspection of the books in respect of all proceedings of general meetings or direct that the copies required shall be sent to the persons requiring them.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]