Companies Act, 1973 (Act No. 61 of 1973)Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for SaleMembers and registers of members114. Power to close register of members |
A public company may, after giving notice of its intention to do so in the Gazette and in a newspaper circulating in the district in which its registered office is situate, close its register of members, or any part thereof relating to holders of any class of shares, for a period or periods not exceeding in the aggregate sixty days in any year.