Scroll Top

search-icon
    drop-arrow

    MOM, minutes of meeting

    Definition of MOM ( Minutes of the meeting )

    Minutes of the meeting are the notes that one takes throughout the course of the meeting recording what ensues in the meeting. It would include the key points discussed, the participants involved, the resolution arrived at etc.

    Steps That Are Involved in Recording The MOM

    The steps involved are as follows - Pre-planning – this step would involve deciding the agenda of the meeting at an earlier date, inviting all the relevant participants, designating a specific person to take notes during the meeting, deciding the mode of record making etc. The participants must walk into the meeting fully aware of what is to be discussed in the meeting and how best they can contribute to the same. - Record-taking – the person so designated might use the physical or electronic mode to take the minutes of the meeting. The discussions and deliberations have to be recorded with utmost clarity and accuracy. - Writing or transcribing the minutes – the meeting so recorded has to be converted into a readable, presentable format that can be easily understood on reading. - Sharing meeting minutes – the transcribed minutes have to be shared with all the participants and other relevant persons to keep them informed about the same. This can be shared electronically to save time and reach out to a wider number of recipients at once. - Filing or storage of minutes for referencing in the future – each successive meeting and the minutes of the same has to be meticulously recorded and kept in a specific order for referencing at a later date. These records may also come handy in legal proceedings and is valuable evidence in the court of law.

    Contents of the MOM

    Usually, the following contents are included in the MOM

    • Date and time of the meeting;
    • Names of attendees, as well as absent participants;
    • Acceptance of, or amendments made to, the previous meeting’s minutes;
    • Decisions made regarding each item on the agenda;
    • Key takeaways of the meeting;
    • Future course of action.

    Some Aspects That Have to Be Kept in Mind While Writing MOM

    • Ensure that the minutes is recorded when the matter is still fresh in one’s mind. Avoid delaying it.
    • Revise the minutes to make it crisp and concise.
    • Ensure that all the key points are recorded without fail. Omissions can be costly mistakes at a later date.
    • Take the help of pre-existing templates in order to save on time.

    Popular Topics

    Latest Articles

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption