law: Companies Act, 1956
  Sec 154    -     Power
  
  to close register of members or debenture holders. 
  (1) A company may, after giving not less than
  
  seven days' previous notice by advertisement in some newspaper circulating in
  
  the district in which the registered office of the company is situate, close
  
  the register of members or the register of debenture holders for any period or
  
  periods not exceeding in the aggregate forty-five in each year, but not
  
  exceeding thirty days at any one time.
  (2) If the register of members or of debenture
  
  holders is closed without giving the notice provided, in sub-section (1), or
  
  after giving shorter notice than that so provided, or for a continuous or an
  
  aggregate period in excess of the limits specified in that sub-section, the
  
  company, and every officer of the company who is in default, shall be
  
  punishable with fine which may extend to five thousand rupees for every day
  
  during which the register is so closed.