law: Companies Act, 2013 
  118.
  
    Minutes
  
  of proceedings of general meeting, meeting of Board of Directors and other
  
  meeting and resolutions passed by postal ballot.
  1.      Every company shall
  
  cause minutes of the proceedings of every general meeting of any class of
  
  shareholders or creditors, and every resolution passed by postal ballot and
  
  every meeting of its Board of Directors or of every committee of the Board, to
  
  be prepared and signed in such manner as may be prescribed and kept within
  
  thirty days of the conclusion of every such meeting concerned, or passing of
  
  resolution by postal ballot in books kept for that purpose with their pages
  
  consecutively numbered.
  2.      The minutes of each
  
  meeting shall contain a fair and correct summary of the proceedings thereat.
  3.      All appointments made
  
  at any of the meetings aforesaid shall be included in the minutes of the
  
  meeting.
  4.      In the case of a
  
  meeting of the Board of Directors or of a committee of the Board, the minutes
  
  shall also containŚ
  a.     
  
    the
  
  names of the directors present at the meeting; and
  b.    
  
    in
  
  the case of each resolution passed at the meeting, the names of the directors,
  
  if any, dissenting from, or not concurring with the resolution.
  1.     
  2.     
  3.     
  4.     
  5.      There shall not be
  
  included in the minutes, any matter which, in the opinion of the Chairman of
  
  the meeting,Ś
  a.     
  
    is
  
  or could reasonably be regarded as defamatory of any person; or
  b.    
  
    is
  
  irrelevant or immaterial to the proceedings; or
  c.     
  
    is
  
  detrimental to the interests of the company.
  1.     
  2.     
  3.     
  4.     
  5.     
  6.      The Chairman shall
  
  exercise absolute discretion in regard to the inclusion or non-inclusion of any
  
  matter in the minutes on the grounds specified in sub-section (5 ).
  7.      The minutes kept in
  
  accordance with the provisions of this section shall be evidence of the
  
  proceedings recorded therein.
  8.      Where the minutes
  
  have been kept in accordance with sub-section (1 ) then, until the
  
  contrary is proved, the meeting shall be deemed to have been duly called and
  
  held, and all proceedings thereat to have duly taken place, and the resolutions
  
  passed by postal ballot to have been duly passed and in particular, all
  
  appointments of directors, key managerial personnel, auditors or company
  
  secretary in practice, shall be deemed to be valid.
  9.      No document
  
  purporting to be a report of the proceedings of any general meeting of a
  
  company shall be circulated or advertised at the expense of the company, unless
  
  it includes the matters required by this section to be contained in the minutes
  
  of the proceedings of such meeting.
  10.   Every company shall
  
  observe secretarial standards with respect to general and Board meetings specified
  
  by the Institute of Company Secretaries of India constituted under section 3 of
  
  the Company Secretaries Act, 1980, and approved as such by the Central
  
  Government.
  11.   If any default is
  
  made in complying with the provisions of this section in respect of any
  
  meeting, the company shall be liable to a penalty of twenty-five thousand
  
  rupees and every officer of the company who is in default shall be liable to a
  
  penalty of five thousand rupees.
  12.   If a person is found
  
  guilty of tampering with the minutes of the proceedings of meeting, he shall be
  
  punishable with imprisonment for a term which may extend to two years and with
  
  fine which shall not be less than twenty-five thousand rupees but which may
  
  extend to one lakh rupees.