Section 60
Records of resolutions and meetings, etc.
ActIn forceProvision 60 of 92
Section 60
(1)
Every management company shall keep records comprising minutes of all proceedings of annual meetings.
(2)
The records shall be kept for at least seven years from the date of the meeting or decision.
(3)
The management company and every officer who contravene this section commit an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit and in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.