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June 28, 2024
Essential Role of Minutes in Corporate Governance
This article was first published on June 28, 2024 by lawstreetindia.
Board meetings play a key role in company governance, necessitating meticulous documentation through minutes. Section 118(10) requires adherence to ICSI secretarial standards, specifying detailed maintenance protocols for minutes. In this hotline, we discuss the recent order of the Registrar of Companies (‘ROC’) penalising Wind World (India) Limited for not complying with requirements of maintaining minutes of meeting, as stipulated under the provisions of the CA 2013, thus violating provision 118(10) of the Companies Act, 2013. We examine legal framework governing maintenance of minutes of meeting to shed light on the RoC’s approach in the said order.
Please click
here for our detailed article.
Authors:
–
Maulin Salvi
and
Sahil Kanuga
Governance Team:
Nishith Desai, Global Business Strategy
Sahil Kanuga, Head of Practice, Governance Team
Maulin Salvi, Leader, Governance Team
You can direct your queries or comments to the relevant member.
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