By CS Binusha A, Domain Specialist | Mar 11, 2024
A qualified Company Secretary with specialisation in corporate laws, and experience in handling and monitoring statutory compliances with respect to Company Law, RBI Laws etc. for various companies and NBFCs. Currently working as a domain specialist with product and engineering teams to build and deliver solutions to automate legal and secretarial compliance processes.
Companies incorporated under the Companies Act, 2013 are required to maintain various records such as minutes, registers etc. With the advent of technology, electronic records have become the new way of documentation. Given the importance of records for a company, the Companies Act, 2013, provides specific requirements under Rules 27 29 of the Companies (Management and Administration) Rules, 2014, for that need to be met for an electronic record to be a valid record under this law. Further, the Information Technology Act, 2000 and IT Amendment Act, 2008 defines what is ‘electronic form’ and what constitutes an ‘electronic record’. Electronic records combined with a well-designed software have the advantage of providing quick search and retrieval facility. CimplyFive’s secretarial automation software BLISS is designed on the basis of these mandates and enables corporates and its secretarial teams to seamlessly create an maintain documents in electronic form, thereby complying with the requirements of the applicable laws as well as Secretarial Standards.
Essential elements required for electronic records to be considered a valid electronic record
Authentication of records
Responsibilities of MD / CS / authorised person responsible for maintenance and security of
electronic records
Demonstrate how these requirements are met in CimplyFive’s secretarial automation
software BLISS and its variants
How can Clear help & Live QnA