Preservation and Retention of Documents under Companies Act, 2013

Introduction: Corporate documents are essential resources of a company as they are referred to by various users within the organization as well as externally. They hold evidentiary value in many instances. Therefore, preservation of documents becomes necessary, and it is the duty of the management of every company to ensure documents are preserved in easily retrievable yet secure manner. This article attempts to explain about the provisions applicable for preservation of documents under the Companies Act, 2013 (“CA 2013”) and rules made thereunder including the Secretarial Standard (“SS”) notified under Section 118 of the Act.

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