(1) In addition to the records described in section 177, a company shall prepare and maintain adequate accounting records and records containing minutes of meetings and resolutions of the directors and any committees of the directors.
(2) The records required under subsection (1) shall be kept at the registered office of the company or at some other place in Saint Lucia designated by the directors; and those records shall at all reasonable times be available for inspection by the directors.
(3) When any accounting records of a company are kept at a place outside Saint Lucia accounting records that are adequate to enable the directors to ascertain the financial position of the company with reasonable accuracy on a quarterly basis shall be kept by the company at the registered office of the company or at some other place in Saint Lucia designated by the directors.
(4) For the purposes of section 177(1)(b) and of this section, when a former-Act company is continued under this Act, “records” includes similar registers and other records required by law to be maintained by the company before it was continued under this Act.
Form of Records