Section 320 of the Companies Act, 2013
Section 320 of the Companies Act, 2013
Title: "Order of the Tribunal on an application under section 319"
📘 Summary:
Section 320 describes the powers of the National Company Law Tribunal (NCLT) when deciding on an application made under Section 319 related to inspection of company records.
🔍 Key Provisions:
✅ 1. Tribunal’s Discretionary Power:
Upon receiving an application under Section 319 (where a person seeks inspection of company records or copies of documents), the Tribunal may:
Allow the inspection,
Refuse the inspection, or
Make any other order as it thinks fit, considering the circumstances.
⚖️ 2. Conditions for Inspection:
The Tribunal exercises its discretion based on:
Whether the applicant has a proper purpose,
The interest of the company and its members,
Any possible misuse of the right of inspection.
🧾 Purpose:
To balance the right of inspection by shareholders or other persons with the interest and confidentiality concerns of the company, ensuring fair and just decisions.
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