What minutes are needed to be kept for the decisions made by a sole director/shareholder of a Pty Ltd company under commercial law?
Commercial Law - Minutes Required for Sole Director?
- Thread starter Ted Sherwood
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- commercial law
Generally none. However I think there is one the accountant completes as part of the company setup/annual return.
Hmm, you're right Tim. It says:
"Even the sole director and member of a proprietary company must keep minutes (a written record) of their resolutions concerning the management of the company. If you are the sole director and member of a company you may pass a resolution by recording and signing your decision."
What is meant by 'management of the company'? Changes to director, shareholders? Or day to day business decisions?
I'd expect most sole director/member companies do not keep formal minutes.
"Even the sole director and member of a proprietary company must keep minutes (a written record) of their resolutions concerning the management of the company. If you are the sole director and member of a company you may pass a resolution by recording and signing your decision."
What is meant by 'management of the company'? Changes to director, shareholders? Or day to day business decisions?
I'd expect most sole director/member companies do not keep formal minutes.
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