Records of directors' meetings
The Companies Act requires a company to keep records of its directors' meetings. The responsibility for these records rests with the company's Board of Directors.
The Act requires every company to keep minutes of all proceedings at directors meetings for at least ten years from the date of the meeting. Failure to do so is an offence.
If the minutes are approved by the chairman they are evidence (Scotland, sufficient evidence) of the matters discussed and decided at the meeting. Therefore until proved to the contrary, the meeting is deemed duly convened and held; all proceedings are deemed to have duly taken place and all appointments at the meeting are deemed valid.
While it has been assumed by the law that attendees at meetings have previously attended in person, common practice has permitted directors to 'attend' by telephone or videoconference. The Act now allows for attendance by telephone or video conference where unable to attend personally. Normal notice of meeting and minutes should be prepared and authenticated.
- Home
- About us
- Our Services
- Business
- Personal
- Tax
- Paying less income tax
- Year end tax planning
- Minimising capital taxes
- Regulation changes from April 2011
- Tax efficient investments
- Financial planning guide
- Tax planning for business owners
- Tax rates and allowances
- Offshore issues update
- VAT
- PAYE and NI
- IR35 Centre
- Tax and business calendar
- Autumn Statement 2011
- Budget archive
- Finance Bill 2012
- The Finance Bill 2011
- 2011 PAYE Update
- Business news
- Calculators
- Help
![]()
- Budget archive
- Business start-up
- Limited companies
- The tax system for companies
- Associated company tax rules
- Tax and the company car
- Company bonus or dividend?
- Entrepreneurs' relief
- Tax saving strategies
- Claiming expenses - it's all or nothing
- Benefits in kind and expenses payments
- Corporation tax
- Penalties for late returns
- Main capital allowances
- Industrial buildings allowance
- Interest and tax payments
- Business deductions
- Companies Act 2006
- Companies House - forms you need to know about
- Should you form a limited company?
- Forming a limited company
- Buying a company 'off the shelf'
- The law and directors' responsibilities
- Statutory records
- The company secretary
- Essential record keeping
- Getting the company struck off
- Could your business survive without you?
- 'Green' travel arrangements
- Business finance
- Partnerships
- Your customers
- Your employees
- Sales and marketing
- IT and e-business
- Business regulations
- Business and the environment
- Selling your business
- Autumn Statement 2010
![]()
