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MAINTAINING A COMPANY MINUTE BOOK

The Companies Act 1993 requires all companies to maintain at their registered office, a minute book containing:

  • minutes of all shareholder and director meetings;
  • copies of all director and shareholder resolutions and certificates;
  • an interest register;
  • copies of annual returns;
  • copies of all communications to shareholders;
  • details of all share transfers; and
  • information about any changes to the company's details.

Failing to maintain up to date company records is an offence under the Companies Act and can attract a fine of up to $10,000. If you don't have a minute book, now is a good time to establish one.

Written by Kylie van Heerden at 09:00

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