Every company shall keep Minutes of all Board and Committee Meetings in a Minutes Book. Minutes kept in accordance with the provisions of the Act evidence the proceedings recorded therein. Minutes help in understanding the deliberations and decisions taken at the Meeting. Adherence by a company to this Secretarial Standard is mandatory, as per the provisions of the Companies Act, 2013 and even as per the Secretarial Standards - 1 of meetings of Board of Directors. Minutes” means a formal written record, in physical or electronic form, of the proceedings of a Meeting. “Minutes Book” means a Book maintained in physical or in electronic form for the purpose of recording of Minutes, which serves as evidence.