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of <h1>Companies Must Keep Accurate Meeting Minutes; Non-Compliance Fines Apply per Section 500</h1> Every company must maintain minutes of all general meetings, Board meetings, and committee meetings within thirty days. These minutes should be recorded in consecutively numbered books, with each page signed and dated by the chairman or an authorized director. The minutes must summarize proceedings accurately, including officer appointments and director attendance, as well as dissenting votes on resolutions. The chairman has discretion to exclude defamatory, irrelevant, or detrimental content. Non-compliance results in fines up to five hundred rupees for the company and responsible officers. Minutes cannot be attached by pasting or similar methods.
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