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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Processes through Secretarial Standards

Anand Agro Ltd held its general meeting on 10 March. Its company secretary wants to know the time limit for keeping the minutes in the minutes book. Under section 118, within how many days of the conclusion of the meeting must the minutes be kept in the books, with consecutively numbered pages?

Minutes of a general meeting must be kept within thirty days of the conclusion of the meeting, in books with consecutively numbered pages, as section 118(1) provides. Failure attracts a penalty on the company and on officers in default.

  1. ASeven days
  2. BFifteen days
  3. CSixty days
  4. DThirty daysCorrect

Explanation

Section 118(1) requires minutes of every general meeting to be prepared, signed and kept within thirty days of the meeting's conclusion in books with consecutively numbered pages. The other periods are not stated there.

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