SEBI has made amendment to the Regulation 12 of the SEBI (Bankers to an Issue) Regulations, 1994. As per the amended norms now every banker to an issue shall have to preserve books of account, records and the documents for a minimum period of Eight years. Earlier the period was three years.
from taxmann.com News https://www.taxmann.com/topstories/222330000000015626/now-‘bankers-to-an-issue’-have-to-preserve-books-of-account-records-and-other-documents-for-years.aspx
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