Board meeting minutes format

ASH (nil) (77 Points)

22 May 2010

Whether board meeting minutes need to be recorded in bound book and signed by directors?

A company is keeping board papers in loose sheet, is it accpetabel as per law?

Pl post relevant section or CL clarifiation in support of answer

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3 Replies

Nitin Grover (CS) (1228 Points)
Replied 22 May 2010

Dear Ash

yes it compulsory to maintain it in bound book or in file

if u have loose than get bound it with a period of every six months / year

and yes is must by chairman in next BOD.

Regards

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 24 May 2010

Agree with learned member.

Download some sample board minutes from the link give below:

Kumar (Article) (922 Points)
Replied 25 May 2010

Board meeting may be recorded in loose sheets but they need to be bounded within a period of 6 months.

( Department circular No. 8/16(1)/61-PR)

The Minutes must be serially numbered and all other provisions of Section 193 and 194 must be followed.

Minutes have to be signed by either the Chairman of the board or by a Director.

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