Requirement of Newspaper Advertisement for Book Closure under the Companies Act, 2013 and rules thereunder
As per Rule 10 of the Companies (Management and Administration) Rules, 2014,
- a company closing the register of members or the register of debenture holders or the register of other security holders has to at least 7 days previous notice (in case of listed company or a company which intends to be listed - the company has to comply provisions as may be specified by SEBI);
- by advertisement
- at least once in a vernacular newspaper in the principal vernacular language of the district and having a wide circulation in the place where the registered office of the company is situated, and
- at least once in English language in an English newspaper circulating in that district and having wide circulation in the place where the registered office of the company is situated; and
- publish the notice on the website as may be notified by the Central Government and on the website, if any, of the Company.