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CA Intermediate · Corporate and Other Laws · Management & Administration

Gomti Pharma Ltd, a public company, passes an ordinary resolution at a general meeting. Its notice was served on all members, and the explanatory statement was annexed. Which statement about the minutes of this meeting is correct under the Companies Act, 2013?

Minutes of every general meeting must be recorded in the minutes book within thirty days of the meeting's conclusion, with each page initialled or signed and the last page signed and dated by the chairman. Members need not sign them, and general meeting minutes are mandatory.

  1. AMinutes must be entered in the minutes book within 30 days of conclusion of the meeting, and each page must be initialled or signed by the chairmanCorrect
  2. BMinutes may be entered at any time before the next annual general meeting
  3. CMinutes need not be kept for general meetings, only for Board meetings
  4. DMinutes must be signed by every member present, and filed with the Registrar within 30 days

Explanation

The company must prepare and sign minutes of every general meeting and Board meeting and enter them in the minute book within 30 days of conclusion. Each page is initialled or signed, and the last page is signed with date by the chairman. Members are not required to sign, and general meeting minutes are also required to be kept.

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