Section 206, The Companies Act, 2009

(1) Every company shall cause– (a) minutes of all proceedings of general meetings; (b) all proceedings at meetings of its directors; (c ) where there are managers, all proceedings at meetings of its managers, to be entered in books kept for that purpose. (2) Any minutes if purporting to be signed by the chairman of the meeting at which the proceedings were held, or by the chairman of the next succeeding meeting, shall be prima facie evidence of the proceedings. (3) Where minutes have been made, in accordance with the provisions of this section of the proceedings at any general meeting of the company or meeting of directors or managers, then, until the contrary is proved, the meeting shall be deemed to have been duly held and convened, and all proceedings had at the meeting to have been duly had, and all appointments of directors, managers or liquidators shall be deemed to be valid. (4) If a company fails to comply with the provisions of subsection (1), the company and every officer of the company who is in default shall be guilty of an offence and liable to a fine not