Company bookkeeping rule tightened by MCA

CS Divesh Goyal | Last updated: 18 August 2022

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The Ministry of Corporate Affairs (MCA) has updated its rules regarding the maintenance of company books of account. As of August 5th, 2022, companies using electronic modes for their accounting records must ensure daily backups are stored on servers physically located within India. This applies even if records are stored elsewhere, ensuring government authorities can access them.

SHORT SUMMARY As per the MCA notification dated 05th August 2022 Government has notified the Companies (Accounts) Fourth Amendment Rules, 2022.As per the amended rules back-up of the books of account/other books papers maintained in electronic mode, including at a place outside India, shall be k

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About the Author

CS Divesh Goyal

Practicing Compnay Secretary

CAREER PROFILE He is a Fellow Member of the Institute of Companies Secretaries of India having intense expertise in Corporate Law for the last 8 years. He is a young and progressive Practicing Company Secretary with zeal to dig deep into the nuances of Corporate Laws. Being a researcher at heart, he has done ... Read more

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