statutory records

Statutory records are official documents that businesses are required by law to maintain. These records include information like company registration, financial accounts, meeting minutes, and details about directors and shareholders. They serve to ensure transparency, accountability, and compliance with legal obligations. Governments may require these records for inspections or audits, and they help protect the interests of stakeholders such as investors, creditors, and the public. Keeping accurate statutory records is essential for the smooth operation of a business and can prevent legal issues.