Documents’ Retention/Storage and Deletion Policy

1. Introduction

Balanita Private Limited recognizes the importance of effective document management in supporting business operations, ensuring compliance with legal and regulatory requirements, and safeguarding sensitive information. This Documents’ Retention/Storage and Deletion Policy establishes guidelines and procedures for the management of documents, records, and data throughout their lifecycle within the organization.

2. Policy Objective

The objective of this policy is to establish a framework for the retention, storage, and deletion of documents and records to ensure compliance with legal and regulatory requirements, protect sensitive information, and facilitate efficient document management practices.

3. Scope and Applicability

This policy applies to all employees, contractors, vendors, and third-party service providers who create, manage, or access documents and records as part of their duties at Balanita Private Limited. It encompasses all types of documents and records, including electronic and physical documents, emails, files, and other data formats.

4. Legal and Regulatory Compliance

Balanita Private Limited shall comply with all applicable laws, regulations, and industry standards governing document retention, storage, and deletion, including but not limited to data protection laws, financial regulations, and industry-specific record-keeping requirements. The organization shall establish and maintain documentation of legal and regulatory requirements relevant to document management.

5. Document Classification and Retention Periods

Documents and records shall be classified based on their level of sensitivity, importance, and regulatory requirements. Balanita Private Limited shall establish retention periods for each document category or type, specifying how long documents should be retained based on legal, operational, and business requirements. Retention periods shall be reviewed regularly and updated as necessary to ensure compliance with changing legal and regulatory requirements.

6. Storage and Access Controls

Balanita Private Limited shall implement appropriate storage solutions and access controls to protect documents and records from unauthorized access, theft, or loss. Electronic documents shall be stored in secure, password-protected systems with access restricted to authorized users. Physical documents shall be stored in locked cabinets or secure storage facilities accessible only to authorized personnel.

7. Document Capture and Creation

Employees shall follow established procedures for capturing and creating documents, including using standardized templates, naming conventions, and metadata requirements. All documents shall be reviewed and approved by designated individuals or departments before being finalized and stored.

8. Document Review and Approval

Documents shall undergo a review and approval process to ensure accuracy, completeness, and compliance with applicable requirements. The responsibility for document review and approval shall be assigned to designated individuals or departments, and records of reviews and approvals shall be maintained as part of the document management process.

9. Document Storage and Organization

Balanita Private Limited shall establish procedures for organizing and categorizing documents within storage systems to facilitate efficient retrieval, searchability, and traceability. Folder structures, tagging systems, and indexing methods shall be implemented to ensure easy navigation and management of documents.

10. Document Retrieval and Access

Authorized employees shall have access to documents and records necessary for performing their job duties. Access controls, user authentication mechanisms, and audit trails shall be implemented to track document access and modifications, ensuring accountability and compliance with security requirements.

11. Document Archiving and Disposal

Inactive or obsolete documents shall be archived or disposed of in accordance with established retention schedules and procedures. Balanita Private Limited shall securely archive documents that are required for historical or legal purposes, while ensuring the timely deletion or destruction of documents that are no longer needed to minimize the risk of unauthorized access or data breaches.

12. Records Retention Schedule

Balanita Private Limited shall maintain a records retention schedule outlining the retention periods for different types of records, including financial records, legal documents, HR records, and operational documents. The retention schedule shall be reviewed regularly and updated as necessary to reflect changes in legal requirements and business needs.

13. Document Audit and Compliance Monitoring

Regular audits and compliance assessments shall be conducted to monitor adherence to this policy and identify any gaps or deficiencies in document management practices. Corrective actions shall be implemented to address non-compliance and improve document management processes as needed.

14. Policy Review and Updates

This Documents’ Retention/Storage and Deletion Policy shall be reviewed and updated periodically to ensure alignment with changes in legal requirements, industry standards, and business practices. Policy updates shall be communicated to all employees, contractors, and relevant stakeholders, and training or guidance shall be provided as needed to ensure understanding and compliance.

15. Policy Acknowledgement

All employees, contractors, vendors, and third-party service providers shall be required to acknowledge their understanding of and compliance with this policy. Acknowledgement may be obtained through training sessions, electronic acknowledgements, or signed agreements, and failure to comply with this policy may result in disciplinary action.


By adhering to the principles and guidelines outlined in this Documents’ Retention/Storage and Deletion Policy, Balanita Private Limited demonstrates its commitment to effective document management, compliance with legal and regulatory requirements, and the protection of sensitive information throughout its lifecycle within the organization. This policy serves as a foundation for establishing sound document management practices and promoting accountability, transparency, and integrity in document handling processes.


Update: 23-January-2024