Companies Act, 2017 — section 124

124. Rights to inspect and require copies..—(1) The registers and the index referred to in sections 119, 120, 122 and 123 shall, be open to the inspection of members or debenture-holders during business hours, subject to such reasonable restrictions, as the company may impose, so that not less than two hours in each day be allowed.

(2)Inspection by any member or debenture-holder of the company shall be without charge, and in the case of any other person on payment of such fee as may be fixed by the company for each inspection.

(3)Any person may require a certified copy of register and index or any part thereof, on payment of such fee as may be fixed by the company. 1 Ins. by Act XXVII of 2020, s. 4

(4)The certified copies requested under this section shall be issued within a period of seven days, exclusive of the days on which the transfer book of the company is closed.

(5)A person seeking to exercise either of the rights conferred by this section must make a request to the company to that effect.

(6)The request must contain the following information

(a)in the case of an individual, his name and address;

(b)in the case of an organisation, its name and address and also of the authorised person; and

(c)the purpose for which the information is to be used.

(7)Any refusal of inspection required under sub-section (1), or if any copy required under sub section (3) is not issued within the specified period shall be an offence and any person guilty of an offence under this section shall be liable to a penalty of level 1 on the standard scale; and the registrar may by an order compel an immediate inspection of the register and index or direct that copies required shall be sent to the persons requiring them.