Books, records and common seal

(1) A company incorporated under this Act shall keep such accounts and records as the directors consider necessary or desirable in order to reflect the financial position of the (2) A company incorporated under this Act shall keep66 (a) minutes of all meetings of– (i) (ii) (iii) committees of directors; (iv) committees of officers; (v) committees of members; and (b) copies of all resolutions consented to by– (i) (ii) (iii) committees of directors; (iv) committees of officers; and (v) committees of members. (3) The books, records and minutes required by this section shall be kept at the registered office of the company or at such other place as the directors determine. (4) A company incorporated under this Act shall have a common seal and an imprint thereof shall be kept at the registered office of the company. (5) A company that wilfully contravenes this section is liable to a penalty of $25 for each day or part thereof during which the contravention continues, and a director who knowingly permits the contravention is liable to a like penalty.