Archival Policy & Preservation Policy

Archival Policy & Preservation Policy

1. INTRODUCTION

This policy is primarily framed based on Regulation 9 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “Listing Regulations”) and related applicable provisions as mentioned in Companies Act, 2013. It not only covers the various aspects on preservation of the Documents, but also the safe disposal/destruction of the Documents. Archival Policy as referred to in Regulation 30 (8) of the Listing Regulations forms part of this Policy. This policy is intended to ensure compliance particularly with the Listing Regulations and the applicable provisions of Companies Act, 2013.

2. PURPOSE OF THE POLICY

Regulation 9 of the Listing Regulations mandates that a listed entity shall have a policy for preservation of documents, approved by its board of directors, classifying them in at least two categories as follows:

  • Documents whose preservation shall be permanent in nature
  • Documents with a preservation period of not less than eight years after completion of the relevant transactions. The classification of the documents has been made in the Annexure which forms part of this Policy.

Provided that the Company may keep documents specified in clauses (a) and (b) in electronic mode.

While prescribing different time periods for preservation of records, the following aspects have been taken into account:

  • Compliance with statutory and regulatory requirements.
  • Requirements of SEBI/RBI/MCA officials to have access to certain records.
  • Requirements of internal and external auditors to have access to certain records. The documents or records not covered by this Policy shall be maintained by the Company for the time period specified for their preservation under any statute or regulation, for the time being in force.

Provided further that the Company may keep the documents as specified above in Regulation 30 (8) of the Listing Regulations also refers to an archival policy as per which all events or information which has been disclosed to stock exchange(s) under regulation 30 shall be hosted on the website of the Company for a minimum period of five years and thereafter as per the archival policy of the company, as disclosed on its website.

Besides the above, as per applicable provisions of Companies Act, 2013 certain documents must be preserved permanently or up to a certain prescribed time. Accordingly, this policy has been framed keeping in view particularly the requirements of Listing Regulations and the provisions of Companies Act, 2013.

3. POLICIES

PRESERVATION OF DOCUMENTS WITH SPECIFIC REFERENCE TO THE COMPANIES ACT, 2013 AND SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

I. Documents whose preservation shall be permanent in nature:

All those documents which are required to be preserved permanently in accordance with the provisions of applicable Act, Rules, Regulations, Guidelines, Circulars, Notifications etc. as may be applicable on the Company from time-to-time shall be preserved permanently. Details of documents whose preservation shall be permanent in nature is listed in Annexure–A.

II. Documents with preservation period of not less than eight years:

All those documents which are required to be preserved in accordance with the provisions of applicable Act, Rules, Regulations, Guidelines, Circulars, Notifications etc. for a period of not less than eight years shall be preserved accordingly. All the documents/ information furnished to the stock exchanges in compliance with the Listing Regulations, submitted to the Registrar of Companies and/or Ministry of Corporate Affairs in compliance with the Companies Act, 2013 and attendance Registrar for Board Meetings, and recording of attendance of meetings through electronic mode shall be preserved for a period of not less than eight years from the end of the financial year in which the documents/ information is furnished/ submitted or such meeting is held. Details of these documents/ information including any other documents/ information with preservation period of not less than eight years after completion of the relevant transactions is listed in Annexure-B. All modifications and amendments, additions, deletion to such documents shall also be preserved for a period of not less than eight years from the date of such modification, deletions, etc.

III. Documents with preservation period of less than eight years after completion of the relevant transactions:

Customer orders, Records related to Court/ Arbitration/ Judicial/ Quasi Judicial cases, etc- shall be preserved for a period of less than 8 years subject to the condition that transaction/ agreement/ cases are not current and have been completed/ expired/ disposed of.
All such events or information which has been disclosed to Stock Exchanges and hosted on company’s website for the purpose of shareholder communication shall be maintained for 5 Years.

Any other document not covered above at a), b) & c) shall be preserved by the concerned department during the preservation period as decided by the respective head of function in line with the requirement of law, if applicable. Notwithstanding para herein above the documents shall also be preserved to meet the requirement under the regulations in the following manner:

  • Where there is a period for which a Document is required to be preserved as per Applicable Law, for the period required by Applicable Law.
  • Where there is no such requirement as per Applicable Law, then for such period till the document remains “Current”.
  • In case of any other Document, for such period, as the respective functional head decides after taking a considered view about its relevance.
PRESERVATION OF DOCUMENTS WITH REFERENCE PRESERVATION OF DOCUMENTS UNDER VARIOUS LAWS

The Company from time to time establishes retention or destruction of policies or documents or schedules for specific categories of records in order to ensure legal compliance, and also to accomplish other objectives, such as preserving intellectual property and cost management. Several categories of documents that bear special consideration are identified below. While minimum retention periods are suggested, the retention of the documents identified below and of documents not included in the identified categories should be determined primarily by the application of the general guidelines affecting document retention identified above, as well as any other pertinent factors.

  • Tax Records: Tax records include, but may not be limited to, documents concerning payroll, expenses, proof of deductions, business costs, accounting procedures, and other documents concerning the Company’s revenues. Tax records may be retained for at least Eight years from the date of filing the applicable return.
  • Employment Records/Personnel Record: Several Central & State statutes require the Company to keep certain recruitment, employment and personnel information. The Company should also keep personnel files that reflect performance reviews and any complaints brought against the Company or individual employees under applicable Central & State statutes. The Company should also keep all final memoranda and correspondence reflecting performance reviews and actions taken by or against personnel in the employee’s personnel file. Employment and personnel records should be retained for six years or till the cessation of the employee.
  • Board and Board Committee Materials: Meeting minutes should be retained in perpetuity in the Company’s minute book. A clean copy of all Board and Board Committee materials should be kept as long as they remain current or for 8 financial years, whichever is later.
  • Press Releases/Public Filings: The Company should retain permanent copies of all press releases and publicly filed documents under the theory that the Company should have its own copy to test the accuracy of any document a member of the public can theoretically produce against that Company. Press releases / public filings related documents should generally be maintained for a period of eight years or till the completion of the case, whichever is later.
  • Legal Files: Legal counsel should be consulted to determine the retention period of particular documents, but legal documents should generally be maintained for a period of eight years or till the completion of the case, whichever is later.
  • Marketing and Sales Documents: The Company should keep final copies of marketing and sales documents for the same period of time it keeps other corporate files, generally eight (8) years.
  • Development/Intellectual Property and Trade Secrets: Development documents are often subject to intellectual property protection in their final form (e.g., patents and copyrights). The documents detailing the development process are often also of value to the Company and are protected as a trade secret where the Company: (i) Derives independent economic value from the secrecy of the information; and (ii) The Company has taken affirmative steps to keep the information confidential. The Company should keep all documents designated as containing trade secret information for at least the life of the trade secret.
  • Contracts: Final, execution copies of all contracts entered into by the Company should be retained. The Company should retain copies of the final contracts for at least eight (8) years beyond the life of the agreement, and longer in the case of publicly filed contracts.
  • Electronic Mail: E-mail that needs to be saved should be either: (i) Printed in hard copy and kept in the appropriate file; or (ii) Downloaded to a computer file and kept electronically or on disk as a separate file. Electronic documents will be retained as if they were paper documents. Therefore, the electronic files should be maintained for the appropriate amount of time depending upon the subject matter of the email and should be determined primarily by the application of the general guidelines affecting document retention. If a user has sufficient reason to keep an e-mail message, the message should be printed in hard copy and kept in the appropriate file or moved to an “archive” computer file folder. Backup and recovery methods should be tested on a regular basis.

4. GENERAL

Not withstanding anything contained in this Policy, the Company shall ensure to comply with any additional requirements as may be prescribed under any laws/regulations either existing or arising out of any amendment to such laws/regulations or otherwise and applicable to the Company, from time to time

5. AMENDMENT

The Board of Directors of the Company reserves the right to amend or modify this Policy in whole or in part, as may be required, at any point of time.

6. MODES OF PRESERVATION

The Document may be preserved in

Physical Form

Electronic Form

7. DESTRUCTION OF DOCUMENT

After retention period, concerned functional head shall decide the records which are to be destroyed. A list of the Documents disposed/destroyed shall also be maintained. It shall state the brief particulars of the Documents destroyed, date of disposal/destruction and the mode of destruction. Before destruction of documents, the concerned head of department may preserve copies of the same in Electronic Form considering future usefulness of the documents. The electronic copies of the documents preserve can also reviewed in future and destroyed as per the decision of the concerned functional Head.

8. ARCHIVAL POLICY

The policy applies to documents/ information hosted on the website of the company including events/information required to be disclosed on website under SEBI Regulations.

The disclosure of material /events shall be hosted and retained on the Company’s website for a minimum period of 5 (five) years. Thereafter depending upon the nature, materiality, impact and relevance of the material/ event/ information, the disclosure of such material/ event can:

  • continue to remain hosted on the Company’s website for a longer period of time on the advice of concerned functional head to Corporate Communication
  • can be removed from the website or
  • can be archived by appropriate technology

This policy is adopted by the resolution passed by the Board of Directors at their resolution passed on 29th June, 2021 and Board Reserves the write to amend this Policies.

Annexure - A

Documents / Record whose preservation shall be permanent in nature

Sr. No. Records
1. Certificate of incorporation
2. Memorandum and Articles of Association
3. Certificate of Commencement of Business
4. Agreements made by the Company with Stock Exchanges, Depositories, etc.
5. Minute Books of General Meetings, Board and Committee Meetings as per Companies Act, 2013
6. Register and Index of Members, debenture-holders, if any or other security holders, if any
7. Register of Contracts, if any, as per Companies Act, 2013
8. Register of Charges, if any, as per Companies Act, 2013
9. Register of Investments, if any, as per Companies Act, 2013
10. Files relating to premises viz. Title Deeds/Lease Deeds of owned premises/land and building, etc. and related Ledger / Register
11. Authorization / licenses, if any, obtained from any statutory authority
12. Policies of the Company framed under various regulations
13. Register of disposal of records
14. Certificates obtained from various statutory authorities
15. Such other records as may be required under any law from time to time

Annexure - B

Documents / Record to be preserved for a minimum period of eight years

Sr. No. Records
1. Instrument creating charge or modification (from the date of satisfaction of charge), if any, as per Companies Act, 2013
2. Annual Returns as per Companies Act, 2013
3. Register of Allotment (from the date of each allotment) as per Companies Act, 2013
4. Register of Deposits as per Companies Act, 2013
5. Annual financial statements including:
– Annual accounts
-Directors report
-Auditors report
6. Books of accounts including Vouchers / Voucher register as defined under the Companies Act, 2013
7. Income Tax Returns filed under Income Tax Act, 1961
8. All notices in form MBP – 1 received from Directors and KMPs along with any amendment thereto
9. Return of declaration in respect of beneficial interest in any share as per Companies Act, 2013
10. Copy of newspaper advertisement or publications
11. Compliance Reports received from any statutory authority
12. Correspondences made with any statutory authority
13. Register of Power of attorneys, if any
14. Records relating to Court Cases / CBI Cases / Police Cases/ Civil Suits/ Labour Court Cases/ Arbitration Cases
15. Register of Inter Corporate Loans and Investments, if any, as per the Companies, 2013
16. Forms and Returns filed with MCA/RBI or with any other statutory Authority
veja semente that regenerates tendoes e throws muscle tricks to define and tone your testosterone gel for sale how to treat barley on the eye bodybuilding how to get rid of hiccups alicante gains business tren ace and loses talent over the counter buy hcg intimate gymnastics strengthens vagina hcg where to get testosterone cypionate carlos rivera muscle where to get sustanon 250 how to build monstro em precious test cypionate side effects