SECTION 163(2) INSPECTION OF THE REGISTER OF MEMBERS

1. Subject - Inspection of the Register of Members.

2. Passing Authority - Board of Directors.

3. Nature of the Resolution - Resolution with Simple Majority.

4. Specimen Resolution:

"That the register of members of the company, Index thereto and copies of Annual Returns together with Annexures be kept open for inspection in terms of Section 163 of the Companies Act, 1956 during the hours of 11-00 a.m. to 1 p.m. on any business day as from 3rd January, 2001."

5. Guidelines:

1) The Register etc. should be kept open during business hours for not less than 2 hours each day.

2) Reasonable restrictions may be imposed by Board.

3) A member or debenture-holder is entitled to inspect free of charge.

4) Any other person may inspect on payment of a fee of one rupee for each inspection.

5) Beneficiaries under a trust are not entitled to inspect as members where shares are registered in the name of trustees.

6) Refusal of inspection during the progress of a Board Meeting is punishable (unless the Board has restricted the right suitably).

7) The motive of the members for inspection cannot justify refusal by the company.

6. Filing: Not applicable.