Close Corporations Act, 1984 (Act No. 69 of 1984)RegulationsClose Corporations Administrative Regulations14. Retention of records |
| (1) | The minimum period of retention of any record that has to be kept by a corporation under the Act shall be the period specified in Schedule 3 to these regulations and such period shall, where applicable, run from the date of a particular record or the date of the last entry in a particular record referred to in the said Schedule. |
| (2) | Notwithstanding the provisions of subregulation (1), the original of any record of a corporation that has been reproduced on microfilm and duly certified in terms of regulation 13(3) may be destroyed after a period of three years from the date on which the record concerned was so reproduced. |