Recordkeeping obligations require scheme wise books, notification of record location, and five year post closure retention. Maintenance of proper books of account and records for each collective investment scheme is required, including scheme-specific accounts, records and computer data that explain transactions and disclose the financial position and give a true and fair view of the state of affairs of each scheme. The company must intimate the Board and trustees of the place where such records are maintained and preserve books, records and computer data for five years after the close of each scheme.