COMPANIES ACT - 1963 (ACT 179)

    Section - 264 - Books and Registers

    (1) Any register, minute book or book of account required by this Code to be kept by a company may be kept either by making entries in bound volumes, or by a system of mechanical recording or otherwise.

    (2) Where any such register, minute book or book of account is not kept by making entries in bound volumes, adequate precautions shall be taken for guarding against the risk of falsification that might arise from the method of recording and for facilitating discovery.

    (3) Where any system of mechanical recording is adopted, adequate arrangements shall be made for making the information therein available in an intelligible form to any one lawfully inspecting the register, minute book or book of account.

    (4) If default is made in complying with subsection (2) or (3) of this section the company and every officer of the company who is in default shall be liable to a fine not exceeding fifty pounds.