All sections · Part VI: Membership · Sub-Part III: Members Meetings and Resolutions
127 Inspection of minutes and resolutions of members
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) A director of a company is entitled to inspect the company‘s minutes and
resolutions without charge.
members
(2) A member of a company is entitled to inspect without charge minutes and
resolutions of those classes of members of which he is a member.
(3) A person‘s right to inspection under subsections (1) or (2) is subject to
such reasonable notice or other restrictions as the company may by its
articles or by resolution of directors impose, but so that not less than 2
hours in each business day be allowed for inspection.
(4) A person with the right to inspection under subsections (1) or (2) is
entitled to request a copy of any of the company‘s minutes and
resolutions which the person is entitled to inspect, in which event the
company may charge a reasonable copying fee.
(5) If an inspection under subsections (1) or (2) is refused, or if a copy
document requested under subsection (4) is not made available within 21
business days of the request —
(a) the company commits an offence and is liable on conviction to a
fine not exceeding US$5,000; and
(b) the aggrieved person may apply to the Court for an order that he
should be permitted to inspect the relevant minutes and
resolutions or that a copy of such minutes and resolutions be
provided to him.
(6) On an application under subsection (5), the Court may make such order
as it considers just.
resolutions without charge.
members
(2) A member of a company is entitled to inspect without charge minutes and
resolutions of those classes of members of which he is a member.
(3) A person‘s right to inspection under subsections (1) or (2) is subject to
such reasonable notice or other restrictions as the company may by its
articles or by resolution of directors impose, but so that not less than 2
hours in each business day be allowed for inspection.
(4) A person with the right to inspection under subsections (1) or (2) is
entitled to request a copy of any of the company‘s minutes and
resolutions which the person is entitled to inspect, in which event the
company may charge a reasonable copying fee.
(5) If an inspection under subsections (1) or (2) is refused, or if a copy
document requested under subsection (4) is not made available within 21
business days of the request —
(a) the company commits an offence and is liable on conviction to a
fine not exceeding US$5,000; and
(b) the aggrieved person may apply to the Court for an order that he
should be permitted to inspect the relevant minutes and
resolutions or that a copy of such minutes and resolutions be
provided to him.
(6) On an application under subsection (5), the Court may make such order
as it considers just.
Amended since 2016
Act 32 of 2021 · 2021-08-02
20. Section 127 of the principal Act is amended —
(i) in subsection (1), by inserting after the words “a company”,
the words “in person or by attorney”;
(ii) in subsection (2), by inserting after the words “a company”,
the words “in person or by attorney”;
(iii) in subsection (5), by inserting after the words “the aggrieved
person may”, the words “within 90 days from the date of
refusal”.
(i) in subsection (1), by inserting after the words “a company”,
the words “in person or by attorney”;
(ii) in subsection (2), by inserting after the words “a company”,
the words “in person or by attorney”;
(iii) in subsection (5), by inserting after the words “the aggrieved
person may”, the words “within 90 days from the date of
refusal”.
