Destroy accounts records of a company

Muralidharan (Self Employed) (1034 Points)

09 January 2009  

A private limited company is in existence for over twenty years. the company would like to destroy the old records. Can anybody advise the procedures laid down under the companies act as well as income tax act. Whether approval of the board is necessary. For how many years a company is to maintain the accounts records.

with regards

Muralidharan