Hi Venkat, the suggestion about the Intranet is indeed good. Many companies nowadays follow it. If you want to issue a handbook to employees, you can do so with a brief about employee policies. There is no need to print the entire handbook. Also, if you wish to get rid of these, just add a clause in the policy (on the Intranet) mentioning:
Confidentiality: This is XYZ (Co. Name) document and is not meant to be shared externally. The information contained herein is the property of XYZ (Co. Name). Any duplication and reissue of this document would be understood as an infringement on XYZ (Co. Name).
The Policy Manual is available with the HR Department, which has the entire policies and their brief. If at any time you need to see the entire policies, you can contact HR.
Also, add this note at the end of the Policy: XYZ (Co. Name) has a practice of continuously reviewing the Company Policy to maintain a position as an enlightened employer. Employees will be subject to any changes or amendments to the current policy implemented in the future. (If needed, add) If any changes in the policies occur, they will be intimated to all.
Hope this helps.
Thanks,
Gladys