Partner - Risk Management
What is your industry? Give some details regarding your organisation and then ask the question.
If your industry is covered under Companies Act, then you must maintain the records for 8 years. In case of any litigation during the period, then the attendance must be maintained till the litigation is sorted out + Limitation period.
24th June 2016 From India, Kumbakonam
Ofcourse, in case of dispute the records need to be kept till settlement.
You need to see your industry and the acts that apply to it. The record period is generally mentioned towards the end of the act.
Bhaskar, the requirement under companies act refers to accounting records and not to HR records
26th June 2016 From India, Mumbai
Considering that you are going to ha e a problem, I suggest you get a lawyer or consultant involved who knows how to deal with them.
There must be a particular underlying reason for them asking 10,years records
13th July 2016 From India, Mumbai