According to sub-section (3) of section 128 of
companies’ act 2013 any type of directors can inspect books of accounts of the
company during the business hours. Books and papers mean accounts, deed,
vouchers, writings and documents. Information maintained outside India may also
be able to be inspected by any director provided he should provide details
information regarding the information he soughed. The company is obliged to
provide such information within 15 days from the date of request.
A director can also
inspect the books of accounts of the subsidiary company if he is authorized by
the board resolution. Request for information to be inspected should be made
individually by the directors only not by his agent or other person.
A director can appoint an agent or any other person to inspect books of accounts on his behalf if it is authorized by board resolution provided board has no objection regarding such person and such person shall disclosed any information to external world case law in this respect (vakharia vs supreme general film exchange co. ltd).
According to section 128 and section 206 following persons is entitled to inspect the books of accounts of the company
- director of the company.
- Registrar of the company.
- officer appointed by the central government for inspection.
- officer of special fraud investigation officer.
According to regulation 89 of table k of companies act 2013 a share holder can inspect books of accounts of the company if so authorized by board resolution or resolution passed at general meeting.
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