How long should companies keep their corporate records, and what are the risks of disposing of them incorrectly? Tanzania’s Companies (Retention and Disposal of Company Documents) Regulations, 2023 introduced a formal framework governing how companies must retain, manage, and dispose of corporate documents. The regulations impose strict retention timelines, procedural requirements for disposal, and significant penalties for non-compliance. From board resolutions and annual returns to beneficial ownership records and financial statements, businesses are now required to maintain proper documentation and ensure lawful disposal practices. This article provides a practical snapshot of the key obligations and compliance requirements under the new regulations.
