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TMI BlogRight of member to copies of audited financial statementX X X X Extracts X X X X X X X X Extracts X X X X ..... o the financial statements, which are to be laid before a company in its general meeting, shall be sent to every member of the company, to every trustee for the debenture-holder of any debentures issued by the company, and to all persons other than such member or trustee, being the person so entitled, not less than twenty-one days before the date of the meeting: 2 [Provided that if the copies of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for a period of twenty one days before the date of the meeting and a statement containing the salient features of such documents in the prescribed form or copies of the documents, as the company may deem fit, is sent to every member of the company and to every trustee for the holders of any debentures issued by the company not less than twenty-one days before the date of the meeting unless the sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h foreign subsidiary is statutorily required to prepare consolidated financial statement under any law of the country of its incorporation, the requirement of this proviso shall be met if consolidated financial statement of such foreign subsidiary is placed on the website of the listed company; (b) where such foreign subsidiary is not required to get its financial statement audited under any law o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ho asks for it.] (3) If any default is made in complying with the provisions of this section, the company shall be liable to a penalty of twenty-five thousand rupees and every officer of the company who is in default shall be liable to a penalty of five thousand rupees. ************** Notes:- 1. Omitted vide The Companies (Amendment) Act, 2017 Dated 03-01-2018 w.e.f. 09 February, 2018, before it w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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