CSEET · Business Laws and Management · Elements of Company Law
Under the Companies Act, 2013, a company receives a member's request for a copy of its articles and memorandum. Within how many days of the request must the company send the copies, subject to payment of the prescribed fee?
The company must send the copies within seven days of the member's request, subject to payment of the prescribed fee. The Act fixes this period for supplying the memorandum, the articles and certain agreements and resolutions, so longer periods are incorrect.
- ASeven daysCorrect
- BFourteen days
- CThirty days
- DForty-five days
Explanation
The Act requires a company, on being requested by a member, to send copies of the memorandum, articles and certain agreements and resolutions within seven days, subject to payment of the prescribed fee. The longer periods listed are not the statutory period.
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