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Compliance of provisions of sub‑section (5) can be taken if company gives adequate notice to its shareholders regarding inspection of register - Companies Law - No. 8/88(301)/62‑PR,Extract Circular : No. 8/88(301)/62 ‑ PR, dated 28 ‑ 12 ‑ 1962. Subject:- Compliance of provisions of sub ‑ section (5) can be taken if company gives adequate notice to its shareholders regarding inspection of register In cases where the board meetings at which the register of contracts has to be placed in pursuance of section 301(2) cannot be held at the registered office of the company, the Department would deem it to be sufficient compliance with the requirements of section 301(5) if the company gave adequate notice to its shareholders, either once and for all or from time to time, indicating the precise periods during business hours and the days on which they could expect to have a reasonable opportunity of inspecting the register at the registered office of the company. The periods should be fixed having regard to the provisions of section 163(2), and the absence of the register from the registered office should not be longer than what is absolutely necessary.
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