Hello,
1) I know that as per Sec 193, every company is required to maintain Minutes of the all the meetings otherwise there can be penalty levied of Rs.500 for every officer responsible for the same... But aren't Minutes an internal document which is never to be submitted to the ROC/MCA? What are the chances of ROC/MCA asking a Company to show its Minutes Book?
2) Which meetings apart from the following are considered for Minutes:
a) Share holders Meetings
b) Board Meetings
c) Meetings of Audit Committee(u/s 292A which is applicable only to a public company with capital >5 lacs)
3) Do Notices and Agendas also a find a place in the Minutes Book or are they kept separate?
4) Do printed Minutes bound together solve the purpose or do we have to hand-write it?
CAclubindia
