Ramakant is a debenture holder of Smart Tubes Ltd. with a turnover of ₹ 73 crores for the previous financial year. He wrote an email to the company about his requirement for a copy of the register of members within five

As per section 94(3) of Companies Act, 2013 read with Rule 14 of the Companies (Management and Administration) Rules, 2014, any member, debenture-holder, other security holder or beneficial owner or any other person may- (a) take extracts from any register, or index or return without payment of any fee; or (b) require a copy of any such register or entries therein or return on payment of such fees as may be specified in the Articles of Association of the company but not exceeding ₹10 for each page. Such copy or entries or return shall be supplied within seven days of deposit of such fee. Such particulars of the register or index or return as may be prescribed shall not be available for inspection under section 94(2) of the Companies Act, 2013 or for taking extracts or copies under section 94(3) of the Companies Act. 2013. For the purposes of this sub-rule, reasonable time of not less than two hours on every working day shall be considered by the company. Since, the permissible cost per page is ₹10 and the copy should be supplied within 7 days, the action of the company is not valid.