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Companies Act, 1973 (Act No. 61 of 1973)

Regulations Retention and Preservation of Company Records, 1983

4. Retention of Records

 

 

1) Subject to the provisions of the Act, the minimum period of retention of any record to be kept by a company under the Act, shall be the period specified in Schedule 2 to these regulations, and such period shall, where applicable, run from the date of a particular record or the date of the last entry in a particular record referred to in the said Schedule.

 

2) Notwithstanding the provisions of subregulation (1), the original of any record of a company which has been reproduced on microfilm and duly certified in terms of regulation 2(2) may be destroyed after a period of three years from the date on which the record concerned has been so reproduced.