Statutory Records: How Long Should Companies Keep Them? Urgent Clarification Needed

Dear Seniors,

For how many years should a company maintain records related to Statutory? Please clarify. This is urgent.

Dear [Name],

If you are asking for statutory records under labor laws, please first examine the relevant acts that are applicable to your unit. Different time periods are provided under different laws. An inspector can demand records for twelve months from the last entry made therein under the Payment of Wages Act, 1936, while it is three years under the Minimum Wages Act, 1948. Thus, we have to see the provisions for maintaining and producing records under the labor laws. Please try to find out.

Regards,

R.N. Khola
(Labor Law and Legal Consultant)
09810405361