Maintenance of Records, Electronically – Companies Act 2013
Every Company is required to maintain statutory records in the form of registers, minutes etc. throughout its life. Companies under the old Act were maintaining the same in physical form, however Companies Act, 2013 has changed the picture totally for listed companies and a company having not less than 1000 shareholders, debenture holders and other security holders. Such companies now have to compulsorily convert all their records from physical mode to electronic mode till 30 September 2014.
Other companies can choose either to maintain records in physical or electronic form and if they choose to maintain it in electronic form, then they need to follow the prescribed guidelines in Rules. We have summarised the same in this Article.
Got Questions ? Or need any Help !
Request a free consultation from an
Excelic Team of Experts.