The
term ‘minutes’ though not defined in the
Companies Act, 1956, may be considered as a written
record of proceedings of a meeting of any Company duly
kept in pursuance of the law. Minutes contain inter
alia a description of the type of meeting to which they
relate, its date, time and venue, mention about persons
attended the meeting concerned, confirmation of minutes
of previous meeting as a result of practice, decisions
taken, process at the meeting, discussions held, voting
on resolutions, etc.
Minutes may also be defined as the
written record of the business transacted at the meetings.
Minutes record what was done at the meeting. i.e. decision
taken at the meeting, therefore, the minutes should
contain record of the business transacted at the meeting
as a whole and should exclude any reference to conduct
or events which are not themselves items of transacted
business. |
