Section 341. Records of resolutions and meetings

(1) Every company shall keep records comprising—

(a) all resolutions of members passed otherwise than at the meeting of members;

(b) minutes of all proceedings of meetings of members; and

(c) details provided to the company in accordance with section 344.

(2) The records shall be kept for at least seven years from the date of the resolution, meeting or decision, as the case may be.

(3) Every officer who contravenes this section commits 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.