ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART V - MANAGEMENT AND ADMINISTRATION
DIVISION 3 - MEETINGS AND PROCEEDINGS

 
Section 156. Minutes of proceedings.
 
Section 156. Minutes of proceedings. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) (1) Every company shall cause—

    (a) minutes of all proceedings of general meetings and of meetings of its directors and of its managers, if any, to be entered in books kept for that purpose within fourteen days of the date upon which the relevant meeting was held; and

    (b) those minutes to be signed by the chairman of the meeting at which the proceedings were had or by the chairman of the next succeeding meeting.

(2) Any minute so entered that purports to be signed as provided in subsection (1) shall be evidence of the proceedings to which it relates.

(3) Where minutes have been so entered and signed, then, until the contrary is proved—

    (a) the meeting shall be deemed to have been duly held and convened;

    (b) all proceedings had thereat shall be deemed to have been duly had; and

    (c) all appointments of officers or liquidators made thereat shall be deemed to be valid.

(4) If default is made in complying with this section the company and every officer of the company who is in default shall be guilty of an offence against this Act.

Penalty: Two thousand ringgit. Default penalty.