Retention of Financial Statements Article 103 If an accounting advisor prescribes pursuant to the provisions of Article 378, paragraph (1) of the Act a place for keeping the materials listed in the items of the same paragraph (hereinafter referred to as "Location for Retention of the Accounting Advisor Report, etc." in this Article), the provisions are governed by the provisions of this Article.
The accounting advisor must prescribe a Location for Retention of the Accounting Advisor Report, etc. from among the places of the offices of the certified public accountant or the audit corporation, or the tax accountant or the tax accountant corporation that is the accounting advisor (if the accounting advisor is a person who works at a tax accountant office of a tax accountant or belongs to a tax accountant corporation and engages in the business established in Article 2, paragraph (3) of the Certified Public Tax Accountant Act (Act No. 237 of 1951) as an assistant to the tax accountant or the tax accounting corporation pursuant to the provisions of the same paragraph, the tax accountant office or an office of the tax accounting corporation where the person works).
The accounting advisor must prescribe a place differing from the head office or branch office of a Company with Accounting Advisor(s) as the Location for Retention of the Accounting Advisor Report, etc.
If the accounting advisor prescribes the Location for Retention of the Accounting Advisor Report, etc., the Location for Retention of the Accounting Advisor Report, etc. is given notification of without delay to the Company with Accounting Advisor(s).
