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Normally, records are not checked regularly for Private constrained organizations/LLP. They are generally kept with the CA/CS, who at that point presents the records to the customer as and when required. Likewise, the records can be presently looked after electronically.
There are sure legal records, for example, Minutes book, Register of Member, Register of Directors, Register of Charge, Register of Transfer, Shareholding Register and so forth which are commanded by the law. Non-upkeep of records can pull in an underlying punishment of Rs. 5000 and Rs. 500/every day going ahead.
According to the new organizations Act 2013, an organization can keep up its register in an electronic structure.
Truly, on the off chance that Mandatory records are not kept up by the organization, at that point organization and official in default will be at risk to take care of the punishment. Non-support of records can draw in an underlying punishment of Rs. 5000 and Rs. 500/every day going ahead.
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