Co-operatives Act, 2005 (Act No. 14 of 2005)Chapter 5 : Governance of Co-operatives35. Minutes of meetings of board of directors |
| (1) | The board of directors must cause minutes of board meetings to be— |
| (a) | taken in one of the official languages of the Republic; and |
| (b) | kept at the registered office of the co-operative in accordance with section 21. |
| (2) | The minutes of a board meeting must indicate which directors were present at the meeting. |
| (3) | Minutes in respect of any meeting of a board of directors must be— |
| (a) | circulated to the directors as soon as possible after the meeting; and |
| (b) | presented for approval at the next board meeting. |
| (4) | A resolution of a board of directors in the form of a written resolution signed by all directors— |
| (a) | constitutes a decision of the board; and |
| (b) | must be entered in the minute book referred to in section 21(1). |
| (5) | The minutes of any meeting of a board of directors purporting to be signed by the chairperson of the board or a person who acted as such are taken as proof, in any court, of what took place in that meeting. |