Section 124 — Rights to inspect and require copies

(1) The registers and the
index referred to in sections 119, 120, 122 and 123 shall, be open to the inspection
of members or debentures-holders during business hours, subject to such
reasonable restrictions, as the company may impose, so that not less than two hours
in each day be allowed.

(2) Inspection by any member or debenture-holder of the company shall
be without charge, and in the case of any other person on payment of such fee as
may be fixed by the company for each inspection.
(3) Any person may require a certified copy of register and index or any
part thereof, on payment of such fee as may be fixed by the company.
(4) The certified copies requested under this section shall be issued
within a period of seven days, exclusive of the days on which the transfer book of
the company is closed.
(5) A person seeking to exercise either of the rights conferred by this
section must make a request to the company to that effect.
(6) The request must contain the following information—
(a) in the case of an individual, his name and address;

(b) in the case of an organisation, its name and address and also of the
authorised person; and

(c) the purpose for which the information is to be used.

(7) Any refusal of inspection required under sub -section (1), or if any
copy required under sub-section (3) is not issued within the specified period shall
be an offence and any person guilty of an offence under this section shall be liable
to a penalty of level 1 on the standard scale ; and the r egistrar may by an order
compel an immediate inspection of the register and index or direct that copies
required shall be sent to the persons requiring them.