This a statutory book which is required to be maintained by each company and is required to be produced before competent authorities and its members on demand or if and when required. Minutes should be recorded while conducting all meetings of the company and these draft minutes should be finalized within 15 days from the date of conclusion of meetings by circulating it on all directors and seeking their approvals.
Finalized minutes should be maintained in the Minutes Book in accordance with secretarial guidelines. This minutes book is required to be kept in a Minutes Binder.