Part 10A company’s directors
Chapter 9Supplementary provisions
Records of meetings of directors
248Minutes of directors' meetings
1
Every company must cause minutes of all proceedings at meetings of its directors to be recorded.
2
The records must be kept for at least ten years from the date of the meeting.
3
If a company fails to comply with this section, an offence is committed by every officer of the company who is in default.
4
A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.