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Books of accounts data base
Hi All,
Do any one know whether the database of books of accounts of a company to be maintained physically in India?
As far as I read the companies act requires the accessibility of the data from India.
Is there a new regulation proposed to maintain the database of foreign/domestic companies within India?
Thanks for your reply in advance
Regards,
Premnath. M
Replies (2)
Sec. 128 clearly states, Books if accounts may be kept at such other place in India as the BoD may decide. If in case if electronic form it shall be remain accessible in India and the Backup if the
Backup of the record shall be kept in servers physically located in India
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