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CMA Final · Direct Tax Laws and International Taxation · Assessment of Companies

Under the Income-tax Act, 2025, which of the following authorities, or a person subordinate to such authority and authorised in writing, is empowered to inspect and take copies of the register of members, debenture holders or mortgagees of a company?

The Assessing Officer, along with other specified income-tax authorities or their authorised subordinates, may inspect and copy a company's registers of members, debenture holders or mortgagees under section 255. The Registrar of Companies, the statutory auditor and SEBI are not given this power by that section.

  1. AThe Assessing OfficerCorrect
  2. BThe Registrar of Companies acting on a request by the shareholders
  3. CThe statutory auditor of the company
  4. DThe Securities and Exchange Board of India

Explanation

Section 255 empowers the Assessing Officer, assessment unit, verification unit, Joint Commissioner, Joint Commissioner (Appeals) or Commissioner (Appeals), or a subordinate person authorised in writing, to inspect and copy such registers or entries. The Registrar of Companies, the auditor and SEBI are not named in that section.

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