Minutes of board meetings
This query is : Resolved
28 January 2013
Should the Minutes of Board Meeting compulsorily numbered.
What are the consequences if the same are not numbered
What are the consequences if the same are not numbered
28 January 2013
Yes. As per section 193 of the companies act,every company shall cause minutes of all proceedings of every general meeting and of all proceedings of every meeting of its Board of directors or of every committee of the Board, to be kept by making within thirty days of the conclusion of every such meeting concerned, entries· thereof in books kept for that purpose with their pages consecutively numbered.
If default is made in complying with the foregoing provisions of this section in respect of any meeting, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to Rs. 500.
If default is made in complying with the foregoing provisions of this section in respect of any meeting, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to Rs. 500.
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28 January 2013
Does non numbering of Minutes Make the meeting invalid?
28 January 2013
No.
But you should numbered to comply with section 193.
But you should numbered to comply with section 193.
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