Companies to Maintain Daily backup of Books of Accounts: MCA

Rule 3 of Companies (Accounts) Rules states about, Manner of Books of Account to be Kept in Electronic Mode  The books of account and other relevant books and papers maintained in electronic mode shall remain accessible in India, at all times so as to be usable for subsequent reference. There shall be a proper system for storage, retrieval, display or printout of the electronic records as the Audit Committee, if any, or the Board may deem appropriate and such records