141.
| (1) Every company shall cause minutes of all proceedings of general meetings, meetings of its directors, and, where there are managers, meetings of Its managers, to be entered in books kept for that purpose. |
|
| (2) Any such minutes purporting to be signed by the chairman of the meeting at which the proceedings were had, or by the chairman of the next succeeding meeting, shall be 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, or meeting of directors or managers, as the case may be, of the company, then, until the contrary is proved, the meeting shall be deemed to have been duly held and convened, and all proceedings had thereat to have been duly had, and all appointments of directors, managers, or liquidators, made at the meeting shall be deemed to be valid. |
|
| (4) Where 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 shall be liable to a default fine. |
|
|
Sri Lanka Consolidated Acts