COMPANIES ACT - 1963 (ACT 179)

    Section - 201 - Minutes of Directors' Meetings

    (1) Every company shall cause minutes of all proceedings of meetings of its directors and any committee of directors to be entered in a book or books kept for the purpose.

    (2) Any such minutes, if purporting to be signed by the chairman of the meeting at which the proceedings took place or of the next succeeding meeting, shall be prima facie evidence of the proceedings.

    (3) Where minutes have been made in accordance with the provisions of this section then, until the contrary is proved, the meeting shall be deemed to be duly convened, held and conducted and all appointments of directors shall be deemed to be valid.

    (4) If a company fails to comply with subsection (1) of this section the company and every officer of the company who is in `default shall be liable to a fine not exceeding one hundred pounds.