The policy on preservation and archival of documents is mandated by the provisions of Chapter III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR").
Mode of Preservation
Records/documents may be preserved either physically or in electronic form.
"Board of Directors" or "Board"
Board of Directors or Board shall mean the Board of Directors of Lyons Corporate market Limited, as constituted from time to time.
"Company" Company shall mean "Lyons Corporate Market Limited"
Documents shall mean all papers, records, files, books, electronic storage devices etc., and the like as required to be maintained under any law or regulation for the time being in force.
Listing Regulations shall mean Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").
This policy sets the standards for managing, storing and preservation of documents of the Company broadly classified in the following two categories:
The documents of a permanent nature (as per Annexure 1) shall be maintained and preserved permanently by the Company subject to the modifications, amendments, additions, deletions or any changes made therein from time to time.
Provided that all such modifications, amendments, additions, deletions in the documents shall also be preserved permanently by the Company.
The documents to be maintained and preserved for a specified time period after completion of the relevant transactions (as per Annexure-2)shall be preserved by the Company for the term not less than eight years after completion of the relevant transactions subject to the modifications, amendments, additions, deletions or any changes made therein from time to time.
Provided that all such modifications, amendments, additions or deletions in the documents shall also be preserved for a term not less than eight years.
Provided further that the Company may keep the documents as specified above in an electronic mode.
Roles & Responsibility
The respective Departmental Heads of the Company shall be responsible for maintenance, preservation and destroying of documents in respect of the areas of operations falling under the charge of each of them, in terms of this policy as mentioned in SEBI regulations as well as Companies Act.
Notwithstanding anything contained in this policy, the Company shall ensure compliance with any additional requirements as may be prescribed under any laws/regulations either existing or arising out of any amendment to such laws/regulations or otherwise and applicable to the Company, from time to time.
Destruction of Documents
After the expiry of the statutory retention period, the preserved documents may be destroyed in such mode under any instructions approved by the department head(s). Destruction of documents as a normal administrative practice will also be followed for the records which are duplicate/unimportant/irrelevant. This applies to both Physical and Electronic Documents/ records. Destruction of documents can be undertaken periodically with the approval of HOD of the department concerned. A list of document and date of destruction of such destructed documents have to be maintained in the department.
Communication and Dissemination of The Policy
A copy of this policy shall be posted on the web-site of the Company.
The Board or the Management Committee may subject to the applicable laws amend any provision(s) or substitute any of the provision(s) with the new provision(s) or replace this policy with a new policy. However, any such amendment or modification shall not be inconsistent with the applicable provisions of any law for the time being in force. (Continued for Annexures I & II)
Annexure - I
Documents whose preservation shall be Permanent in Nature
S. No.Nature of Document(s)
01 Registration Certificates
02 Licenses & Statutory Approvals
03 Statutory Registers required under applicable laws
04 Audited financial statements
05 Minutes of General Meeting
06 Minutes of Board Meeting
07 Minutes of various Committee Meetings
08 Material Agreements/Contracts
09 Orders issued by Courts/Statutory bodies
10 Investment Documents/proofs including certificates etc.
Any other document as may be required to maintain permanently in terms of applicable law(s), maintained and preserved from time to time.
Annexure - II
Documents with preservation period of not less than eight years after completion of the relevant transactions
S. No. Nature of Document(s)
01 Books of Accounts
02 Annual Return(s)
03 Personnel Documents
04 Insurance Policies/ Claims under various policies
05 Correspondences with the Regulators
06 Non-Statutory Registers/Documents
Any other document as may be required to maintain in terms of applicable law(s), maintained and preserved from time to time.