Audit rights and records, clause set
A single format from the The Boilerplate, Clause by Clause pack. the three audits, and the retention periods.
- 2 pages
- 12
- Word and PDF
- 14 September 2026
What it covers
- 1Audit rights and records, clause setthe three audits, and the retention periods
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
AUDIT AND RECORDS
1. Records to be kept. The Supplier shall keep complete and accurate books, records, accounts, registers, timesheets, deployment records, statutory returns and supporting documents relating to the Services, the Deliverables, the Charges, the payments made to its personnel and subcontractors, and its compliance with this Agreement, in accordance with Applicable Law and with generally accepted accounting principles in India.
2. Retention period. Those records shall be retained for the longest of: (a) [eight] years from the end of the financial year to which they relate, being the period in s.128 of the Companies Act 2013; (b) 72 months from the due date of furnishing the annual return for the relevant year, being the period in s.36 of the Central Goods and Services Tax Act 2017; (c) the period during which a claim may be made under this Agreement or under the Limitation Act 1963; and (d) any longer period required by a Governmental Authority whose directions apply to either Party, and in each case until the conclusion of any audit, assessment, inquiry or proceeding of which the Supplier has notice.