Minutes of meetings of board meetings and members are extremely important. Since the enactment and commencement into law of the Companies Act 2014 it is now a mandatory statutory requirement that a Company shall keep a proper minute book recording all appointments of directors, particular arising the names of the directors present at the board meeting or any special committee of the directors including all resolutions and proceedings of all meetings of its directors and of committees of directors.

The law requires that such minutes be entered in the minute book as soon as may be after a particular appointment is made and the meeting concerned has been held or alternatively if a resolution has been properly passed by the members of the Board.

Every company is under a mandatory duty if requested by the Office of the Director of Corporate Enforcement to produce the minute book for inspection!

 

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