C1Part 13Resolutions and meetings

Annotations:
Modifications etc. (not altering text)

Chapter 6Records of resolutions and meetings

355Records of resolutions and meetings etc

1

Every company must keep records comprising—

a

copies of all resolutions of members passed otherwise than at general meetings,

b

minutes of all proceedings of general meetings, and

c

details provided to the company in accordance with section 357 (decisions of sole member).

2

The records must be kept for at least ten years from the date of the resolution, meeting or decision (as appropriate).

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.