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A company's Register of Deposits is maintained at its registered office. The mandatory minimum preservation period of this register is:

AFour years
BSix years
CTen years
DEight years
Answer & Solution
Correct answer: D. Eight years
1. Rule 14 requires the Register of Deposits to be preserved for at least eight years from the financial year in which the latest entry was made. 2. Premature destruction breaches the rule. 3. Hence (C). _Source: ICAI BoS CA Inter Paper 2 — Acceptance of Deposits_
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