Record retention requirement altered: specified duration removed, affecting storage obligation for corporate financial records notification compliance. The Central Government amends notification S.O. 529(E) dated 5 February 2018 by omitting the words 'for seven years' from the opening paragraph, under the authority of sub section (6) of section 129 of the Companies Act, 2013, thereby removing the fixed retention period previously prescribed for the specified corporate records.
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Record retention requirement altered: specified duration removed, affecting storage obligation for corporate financial records notification compliance.
The Central Government amends notification S.O. 529(E) dated 5 February 2018 by omitting the words "for seven years" from the opening paragraph, under the authority of sub section (6) of section 129 of the Companies Act, 2013, thereby removing the fixed retention period previously prescribed for the specified corporate records.
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