Scribd Logo
Upload

Welcome to Scribd!

  • Chapter V - The Companies (Acceptance of Deposits) Rules, 2014.

    Uploaded by

    Rajesh
    40 views36 pages
    The Companies Acceptance of Deposits Rules 2014 as published by MCA

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The Companies Acceptance of Deposits Rules 2014 as published by MCA

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    40 views36 pages

    Chapter V - The Companies (Acceptance of Deposits) Rules, 2014.

    Uploaded by

    Rajesh
    The Companies Acceptance of Deposits Rules 2014 as published by MCA

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 36
    fat we fhe ueio-33008/99 REGD. NO. D. L.-33004/99 The Gazette of India EXTRAORDINARY ‘arm I—arvg 330-208 (i) PART Il—Section 3—Sub-section () ‘after & were PUBLISHED BY AUTHORITY 186) HE Fae, MUA, eT 2, 201478 12, 1936 No. 186] NEW DELHI, WEDNESDAY, APRIL 2, 2014/CHAITRA 12, 1936 arene are eaTeT aftegart ate feet 31 are, 2014 arr. F.256 (#1), — Bata care, Hae affrary, 2013 (2013 ar 18) A ATT 469 Ft se errerait (1) ae (2) 3 are ada are 2 % ae (31), ee 73 te ae 76 rer waa arferat ar eater ee gu she ee fait HF aerfe faa Te Herth (ora A epi) Pram, 1975 a1 ert after, 1956 (1956 ar 1) % seta Ate et tea Prat ar oa arat Rare aftr act gu, FS Ba afro Bee Pea aT ear at ar ate Pear war &, rede feo de cera & Paferfes aw wart @, watt 4.0 after are ste wrer (1) ea Prana aftr arm oe (rar At eagle) Fam, 201481 (2) 3 Fra 01 ate, 2014 a wae eT (3) 3 fear Paaferterer & fire Paes & fore ar eT - (i) Frare aot; (ii) caredia Reark Sa afr, 1934 (1934 ar 2) H aerate arecty Reark aa efor Ue te tard Pata oh; 1307 GY2014 © 2 ‘THE GAZETTE OF INDIA : EXTRAORDINARY »ART II—SEC. 3) ( ( (ii) ata arava ae afafran, 1987 (1987 ar 53) F aarafeerfee asthe ara ae 3 efiedtga arava fe ee: ate iv) afar Ft arr 73 4 sere (1) vege F oes Fale TOM are fafate arg er | afterare 2(1) et Raat a oa oe fH at a Aer aa a a, (#) “afeftan a arf afttftaa, 2013 afta 8; (@) ‘Sue & ea act & sora sorda atte 3; (a) oar. & Pe sot are se aT ao oT fat aa eee Foe TTY aftatta & fig gaat rafters aftatera wet 8 (i) Fe wee a7 feet cee eae & ore AE ea, aT fet weer ate FT errarfer Pras ofteare A ames Fa aoa ar Peet Ter ACHR ATT B, 7 fh emfte aftacor & wre erate ar dae ar fet cee Pert tee % aafinttterer rer aftr fase arth aftrarcor & wre STE errerhet; (i) fate aeart, feet ar atacigtr Sai, agvefte facie deat (Pret ataetgia fae fre, vftrar saat 44, strated Sarai stderr ote sacha stents wa facta qaftater te aftatere @, fig ae oa oe afte wet @), fateh acer & eats are fara fadita dena, eet Rate aor ‘ar wader afeftrr, 1999 (1999 aT 42) % saaeit ate sam ate gaTE TT frat tre fatrant & arefta area Barge cee are wafer ar faze srfeaoT ara ae GT, (il) feat teers sett a aredta Re Fe a7 sae et wage Ss at Rete ear aR Seared fafara afiftar, 1949 (1949 wr 10) Ft arer 51% areitt arfirg ire fret aararet serra ar daardt eet (Somat ar ahs ate ataxm) afaftan, 1970 (1970 #1 5) Ft are 2% ee (8) a Sere Set (gama ar asta ate siren) afer, 1980 (1980 FT 40) FF eer (2) ¥ ee (@ & anafoaite sages ay aa at arcia ford ae affftae, 1934 (1934 ar 2) # ener 2% ee (@-ii) F Taare Pet aeard Se J aco aT after we F sre HE errata, (mars 30) Fa TOG: TENE (iv) aredia food da erat & ea faire atte acer are afeghae arate fata densi at anda fit ae afaftan, 1934 (1934 aT 2) ® marafeartte atta fasta eearstt ar dha sahtat ar afta ire sat Feo aT farefte aera wT FH re BE TTA; (v) anferfoare arrorre ore farg ora % fatwa ar area Port Sa far SaT aT afr & arqereer H ard fet ater fra a ore ars rere, (vi) fet earth arer fart ater het & ore arg errarfr; (vii) Prat sfoaft & afar % aa afaftan % sade & agar fee ae fet veara & agar sre ste enfta ate ert cae rah sels Sax ae CHT an ofa & afta orden & aft afte con A 8, oat oH ag TOR aT Fag orale F aries } are aera cae F faa ra Ft oe zB area - Wa ores & vated ag ore fear ore 2 FR (a) Peet ex after a artarg ox sftger vara sre fear afe & sfafeat, fra fore aratan cae aT afte wer @, tet ofeaeat & fre arated aa TT aT wan oft A arta & are fea & stax arden wet Mt ot & ate aE aT con oT afte CaM aercraratt Ht ars fea aa A adhe B sae Pea F siez wel otters ret at tet can Ht ea Pareto oT Gare AAT STAT (@) Peat area waters & fer caer & Peet arate at afseara ae ATT STAT (viii) Pret eas &, sit errerfr Bt orf are ott wr uw fees a, wa aT errr: Teg Fe Ta wa ag Rees Pred errr wre Ht ort 8, eoverA Ba are St at ea area At ferfee are veda or PH sae are St aT TST TTA aTAT ST Fae aT TAT a wT Sa aT tare HH afer PAA FF at ator: (x) afetraa 4 aga 3 & fafde feet anfee ox cae ware Fare aAET Tet ware arer whee ais ar Rare BT TA HEH ore IE errerfar ray ot Ft agg afeaat ar ant & cia at & dtac Set H Aet F aftaria: aohadts atestaz atin wee; THE GAZETTE OF INDIA: EXTRAORDINARY [Pat II—Sec. 30) _ reg WR OS ais ar Aa aye afer at atear afta H ag 3 + fafte Pret anita scare are site ef at Ra ais ar Raa Ht cae fet eRrefiga qrahatce are Puttar tet safes % arore yore afts vat ehh: (x) Soe & fet setae & carer cede wflt ora Hw sre HE oT st soot are Corare aaa} alta Say aris era F rhe 7 eT, (xi) rer ar fears & enrfter Brg saver ier eereTAR; (xii) eet & areare hers aT waar ore HE erTTA: (m) are Ft arate ar Aare wart Her] fre et oA eae F ore aft reefer aad fi oon after can ar fahtators are Ht angle ar Aare wart Bet wT ae afte & etigfet A art] & 365 fea A arate & tax fahratfine a frat ar re Pet Rett arftter care Be reer, ait Feet eararera arrer Ataf ffs arfardl ft faaa-aeq @, 365 fear Ht arate ary aat eft, (a) Peet wee aT aera & area daha & sft & das feet ft were Boe erat seq ae aa oa fH ser afte, He aT seers aera A erat agar date & aft aaratfira ax ot ort BI (a) are A argh ar Sarat vers Foor Te Are aaa ores Bq AAA sea seth (3) ore ae (@) & aehte ana & fara setts are HY oral & fare hehe aftatorrratt & stevia sre afte erent we HH req ae STG at (), (@) a (=) F ane oe ores eae sierra (oars afea ar ae far) at ort & FH eerie etpe Her are Sat Ft ATT ar eater ar aaratt, Foray fore arene at we @, Fafa aga aT eee, wet a arate &, sa et Ba ore errerhe St ea Rae & arete T aTAT are: arr — TH oTas % vitoard gear rege HF fAfee errerhey sr where fore wearer att At aver & tng faa At aaa oe ST ATT OTT (xiii) PRA aeorerar Faxitr tea ar ae aye H agar H asthe ae F wT soot aradat aver arg ag STE ree ott reefers art Get wea ort & watt (a -ws 309) wg BU : ST (a) eur, Heorarare Sree aTer NA Fare tera & fee aia oe afer ay aqaen Fara ora B, @ acm aida ere caret aT Ga aA aT SAT are TION HAT TAT GAT (1) we ods & ante ge facta der wae at ae a aides Fer ae soeree ehhh, SAH TAT FET (xiv) afore errer 406% refer arr are Frat areca Fah seott are eatge ae errarft ero: ga ae F ator, - (=) seat aver Peat 3 ar aerar feet oats & are 24H aaa aT wears & ATT wae 7 OT wae eae TT vera F AAfE sald Go aK sas raft oft ware & ara GHA, AT (@) Set arr ger sae TT vera Fa Hee Fore ae (HF ota Ga aaftres Para ara ag At TFA Re stares, THT THA ATAT STAT 7) sreat a afte (i) seaeft ar a ace Prat afefrae A aver 73 Ft soar (2) % sade F age H rt rer Fea g, aeTAT (ii) até oats frat aaa FH are 76 ordi aqaer FH fe afer aot & oar Par et (|) ara at are 76 A seare (1) FARE cea aot afte g RraaT ge Aer at ats wae A wT a te rar cistta gia at we BIT aaa ot ae Prat we Padre aed are star A ara gla Ft TTT % fire areren dow Fae A cents ator a at a te Se aT aot cfiregre & ore reat a fea aT; req tet ora Seat, Ht errer 180 Ft Sa-aTeT (1) ® @e (7) & ante fahahee Shar tae ora eta HC AB, rere aes TT TAT eH BT AA ) ofta’ & saat (crest arate ate Fhe) ras, 2014 # aun fafafte hte afrre 3 (@) ge? ay Exe’ 8 a Port & sade H Rear wwe afte & free aT sae daft are & fore Par sre, 1S 07GF flt-2 6 ‘THE GAZETTE OF INDIA: EXTRAORDINARY [Part Sec. 3()) (@) “are” & after A are afta 8 (@) rar & aredta ware afta, 1882 (1882 #1 12) # art 3% waraftantta art & afta &1 (2) 34 erect ae Tat, sit ga Prat a aw eg fg Toit ae e ate afafae aT saredta ftord ate afta, 1934 (1934 ar 2) aT eet (aRoaTaT sate fAASerz) frre, 2014 % ofarftte & aat are att oT are: ga aaa aT oon Pat a sa a 3, aaftat aren ore Ht eta & frre ate (1) ea raat area BF ox athe Ga aT, — (®) emer 73 Ff Sree (2) F fe ag Set ae HS oe Set MAE oT, TE. sftae ot ar aaftye, ot sen oa Ht eige a acter Ft ares a a: are a eT ar anita arg & afte St arate Haier oe ar Tee Te AA Te THT Bt, ATE AT Sarat eater wet aT: eq TE aot PAfat A cet qerarfers artes St Te Her % fre, za fake, war ar aac Ht arte & a: Ae AM aah & gee afears & fore se rar he ar aaa ater ge ord & seme ae alt PH (SH oT, Set Ht saree Jax Got athe qe archaea F ahr} a era F attire vet arf, ate (8) Se eT sas sor aT ater Ff aoe 4 le are GF waa A I (2) aR oerrHat Vet arent we, a or, die a arfltw age ara a, Pet we} are ar ae fear aatg age wr a, art Ha ae a seed, “wee AT aT Sah", arg oft ar sees eters foe ot aH (3) arr 73 Ft Sa-arer (2) & fafee ae set vay aaeat & HE ota eK aT aateor adf SOR ahs tet oar Ft cea ate Tet aT A SHA aT adtHCT FT arte Fr aearar req HAT aT AT HoT At Aaa ae ot ste yer archatat F arr ogta sftera 8 afte f (4) Bre ors Seth raferierd sor eipe aT aap AMT BOAT — (am wee 309) ST THU: ST (3) wrt aaedt a arg oom, ae acedt 8 ora Ue oor ate tet oer At esha aT ater At arehar Ht TaTaT THT AT CHT eT aT HoT FT aia ae ht se AH areferteat % att ae aftera & afte g; (a) Fe aero, ae oe oT Ft oan aie as (&) F Ae oT a fre Ot aT rar cathe ar actercor At area St aera sear aT aT Ho At TAIT Mae PT afte en archertaat & arr % oer sheer & sehr V1 5. war ettper mer A ore ae aH HT err 76 FH aeftet BLE ST ehh AT adtpa wat Boh ahs sep oT ate eit ar acim A aréte Ft HT aT TAT A cam ar arr ot At aaied Fae Sot ate ate qe areferaat % ahr} Ate aftera & afte BI 6. arr 73 At sa-erer (2) & fates ar ett a ae oT Heth feet At wT rE rer, Preah sare a aT eee A ae a aT Pate safe are se SHAT 3 fore areca erg ate arer Pee afters earet ax aT corel & afte @, anit ar estar ar rater wet Soh armen: ca oo Pare % waiter & fre ae ere far oar @ fh ae ae aah, fare Peet tet are sash ate & aT A ara er & fare fafea ws F rhe fear ovat @ ate Brae areas 8 aT areata F sare Stet &, sere BA aT BHAT eT he ora ore er fer fet ater aah aT cere aT Ears ea Peat aT Se AAT STAT 7. Se aot, Parse} eo F oft ar afta & ard fee ot she oo etre far ot parq oe, THT Paertivar faae ate oar ate after} feet A facet ate ordt % srarnat & fe vftge a afeane sheds a wera: aT arene: afters acters vet FOH 4. Parett ar aftaat wee ate fafefeat - (1) arer 73 $f se-eret (2) # Affe vets ett A ray aaa A oT ani ae aT rere cad & ved AA F aaa ae aaa Ht ere aftretipft afer fared era or after sre ar earache ate Foe ohees aret Boh aig f onde fate Oe & ast acai st ea ware ar ates ord ae afatter ag after ate aver & feet stash aarare-ta F she Tse, fret arth aT iredt aratera fora @, # ores oftares are ws site aaa F gar ota FT ara & are Baht 8 THE GAZETTE OF INDIA: EXTRAORDINARY. [Pant It-sec. 309) (2) war anita wet & fare arenfta sete oer eet ee ators & faq ver Sree H Parcs Fw FH afta aah are HAT aia aera F ate asa, foreet aot ar cred arate fea 2, F oaree aftarert ae oe vite waTa-ae F Ser via Ht are HoT SUH (3) Saat & oa ania Her are vets Sot ae Aaaree, ate are a, oftrs & ue off ares Sat (4) ae eet oor anita wer & fae ag shes ar ares we Fae eT sort et awe ar are ate BP oaks St aT HA AT BTA HT HT Ta TH aT aft ora oe fe ter shers aT Peerage & we H afresh % ew ate & wrhere atte ara oe ore 4 Par aT (5) Peet eet arer ar set ate & arg ohers ar Pare wr F aE ao ae we ore vet Pear sre oa ow PH Te BA FT arte & ae a He Ate fea TEA eet & ate ar seh are fafee F aere we F ofp wsat are oftrs aT aa Ber F oftrs a agit wet are ott] Peat H agua are gerafta TH oft cPreare ar crest & fre oad a at ane (6) wre far er ate aera ar faares & we F oho face ae, Prat ag Te fear oT er @, ¥ dara A ade & |& are aaa AA TT sa ate oe TS araren dom H aot % fete frac wa ore g ar ale et ae F ater aT aon 7 ge St Tt oe afea fea oa aa & Soda & aqare dow aT aritors Par ST TRY aT, Sat A Gt At Tee eT, oH ATT Sh ate Tete VaTaae fatter at oa faite ad & der ser aie er & fre var oR ar fares & we A oT ret fear set erdtrem: ge fram & seatorard aarare-a, frat fart varftrer grat @, fay A ate Ft Paras ort wer A atte ara sree ate ohtas Hors Ht Tee FT afters ard wer Ft caret arte araT aT 5. war thr ft Oe ate enc - (1) aren 73 Ft rarer (2) F fAfee vets eet ste oer arte Bea are wer oer ora aed, cerfeate, oes ar Paras ara Her Se a He te fea Geet aT adtecn 4 arte & a & aa de fer cee, so at ar ode ea & fre Pa aot ershaco - oe oT rae % water & fare ore str after H oer fafafee archer ae can he Ser Te saa Sars Sat dae Fart aH (em wes 300) THT: TENT (2) cour dar afer Here wea aed a FH ae Sah Aw cH Ste eT Oa aiadara 3 anttarn weft 8 at oaTact, after H watahafee ge fitter spite ara ae Area rer AT AY ET HH ae eT TT TATA AT waa eT, seg Fs aR ra he er ae er TE TER a, Ae er tT spay she sara &t caT apme a aeae eho a ae ear ate ge Te oa TT Gare woe aire Bt at rar ha eer H weer eT fe a aE eT area HA TATA TT STAT ETT (3) sper rer 35 Ate oe Hee Ate sift cae Ah are a A TH te See cee ae eee mT TN HH a wre TT TAT EY A areatt (4) aR seat ra Ato aT AY Pacey cat areas HATE Oe afte eet et tr ae Feet at ee a wre sf A gare A wee Per etre eer Te ReeTeTe Ft se ar HT a Ta AT Seuar i oie am are rao are Te TE aT aT afer Tm ze FR Fee Paar rec ae af es ef Batre ett eat ear FY oe TTT a eth beat ag Fak ae iy tk ae Rare ATT HT ETT FE She gh satterset ara aren acy sree out ager H aA Fee aa anf ar 6. sag or ar — (1) HR ser re stat Fre eer 73 A SET (2) a ie a so te argh rr aR eat we es ee A OU ager oe are weer Fe OA pa a ear ta are ee HATS Sead ae net art, Re so ort afer a are aah A IETS a aa PAP aah aRret re ATE YAR A Ta eT UA eg Re ca Ha a Ra ee ata As 3 HARE ete ee mre ever BERN RA ra Yo ate et ea aT eT Prt cRireitpe yeaiaraat rer marietta arare ea & afer Tet rT exBrercor 4 = eer ofr Se tr Fee ere Ae ra & FO Te APATT set shen er ar rc SH a TAT ares HH A nthe Te HAA AT TT sce Ben a a eT AE ae tT Te HT aT A exBrceor 2 rrr 25:5 Pe (1) 3 Fs (TE (i) eg ste FT setae Be Fare ag ere var er # Pe afta wer 247 A oe are (1) Spear fae a ge atc mea at ce ate rg wT ae PE re, Sarat, Sree, Fda, wie ake TAT aerdaras wads Wale Fae ST [So7GL)M-3 10 THE GAZETTE OF INDIA : EXTRAORDINARY Peer -Se0 3) sareetia feat ate Faroe ae efeftgr & ar eats arrerace ree arse at ea ae At rae ager Teer St are Peat are 2) _ se fram (1) aor Fafafee & ar & fre afte (Rt we Fa Ga) rarer & fer rare 3 er H Pa Ht oA: a. Sabet A Pate aa aah, a a a eet & Pattee arse daft ogi ag fora 8 an gam Rett Ra 7, srarrarerfsit 3 Fer arefert 6 Fras a) Ser 73 BH Seer (2) % seeltar Fatke aE se aT aE oT are wR aT sire wer are aia a Pare are at RO re aw PR a TATE Fee feet 5 re & fore ee ar aftr caret Fagen Pe re a: Reg me FR soar art (ean) & set FRahae Boe ART meMAR Te A oT atte after ar arrow ofr Bee ater ar ew Bet Pear TT PR AT rareht (anf) set eae A Pgh fe are gata AAI (2) fers ar fearea wa & often are act 8 aa a ae are fa ee eT ser SAa-2 F UH ore are Pare Fronfea Sh (3) Fe oat fer sini aot ot 8, ott art ge A dat at oun at Brea H 8, Bt rarest & fre met we Ht Fe a fear oer, af gear rant fre &- (®) sett a aah Pat, argu an daa ott ar Perm, wee erste ars ar aS area sere, a are ar eet Hora @) rh, a aft wage a arf Pee ar age eet oT tet Re a At rare ar aot a (1) ert are ag areary facta aide 8 (3) STAT aren eh Ee aa ar are Pare fee sider H A eh dao ae wearer fr & () artes ae (mH AAAS Pah aah a afte Al (4) fet ora eareft a, after ar farer ore BA gana ate seer enter ware a & yee Rare are & afer HF sefeos at Reet A aah Bat oe een at ree: | Ta 7g fF ofS seh fer eas Mee ca otfae at at ae a ae OE eT | Pater ars oer afters F sefeea gem (ar ars 3()] ST THU: TT 8. wTeatett anfeat & wor - wee aTmatait mart ar eer Sh FH aE — () ze aftr a FR et A Oe anfeaal, fart 7 are, afa é ste ste aT ayer ae fore aaa Tehert HaTaH ae Sr TK TreTS sare H eee BT YT TET % fer vated (@) Stage a on anita wer Te hts TT arse Fe aE GT TT St ore efter Peterat ar eara fate a aire a ate & offen % fait ate ardet % rqare at; (a) aftfra ae fH Set are fae A wafer ate ora a Pet wa TT we (a) rare Pee ar eT aie HA Peat 3 Peat star fry Soa STH HTT 3 fare ba arg sera at a A rare a; (&) wareatat ar afte qa % sae sor wa at 2a afte FAT maeTH eT; (3) wT fore steele & gore & safle are she Stor oor Peter ara ar eae RAT; (@) War art or Ht ates & watts a & fore areas eT; (=) saraatstt & fea & qear ate oat freraet at eaters Her fre sara rat Bt CT, 9. wareadt are ast qaraatat A aon gard area — (%) aeama aarn yer Hae a ae cad feet cersaist are fafed F (a) teh ate wear rae antes Sar oo wart F wa F scarHatatt % faa FT warfta at 10. wat feu ater TET (1) wa Rast are AA oe athe aH Tag HE Hort et sea a, TS ATT a are at ar faa steele #, edtare ar adie vet SOR ora oe FR ae art fafa Ree ome arerrfher raat aT Tet ara at ephA fre HE oe TTT T ax fear ara 2 ‘THE GAZETTE OF INDIA: EXTRAORDINARY. [Pant I-Sec. 9) (2) satan (1) # fee ater F arene carat are ee Ser eT TH ATO pa Bhar FR ae Sr Te are He are Mate B Sere ot ag TH | aT AT OT ET BI 414, aTPRe RRA AT arf - vere cravat, Pret at ara 2a orks st arafatee ar RA set ey A cet F adh srr Pte Sri ate aver 72% sree ga Fae & alte fre we ara eert Te argein 12, sarrwatett at ore Ht hte Bat - (1) sree art Peet ore At etpAa oT atCT BA Iy, STAT aT Tee aRAT at Soe are eraerfr & sof ar Aw F eters aT sah aac A area a ae fea & stare rar Ft cate Shh (2) saftar 1 # fee oer afte oe ate are ee ao & fr TTS wT a sifttpe soft & feet afirere arc gear fay arty ate set oar FY area, revere ar aT Ae aT, MAY Ber AT wT MT TET, TA TT THTAT SAT FY ac ate arate ste oa aretha ar Paco grr ras wfaaea vt 43, rer omfteratt wor Tercera ate HAT wAaaT aA STA HT TT are 73 STAT (2) FASE vette echt ate mew Ts Het res ae te att Sar gad Tea Se TIENT % Se (a) F ae PAs Ha Pet agra Fe Bet ora At rg coe BY raat efeetarer flr Pe water % fee seetfire et Ft rer: reg me FR ra TH AR Te Pete ae Te aT TE ate Ter FAT TE a a, FT ft arena ora Sher ce Tene oie B a eT TH 44. aT fre hee, - (1) eT Shae BA ATT ets St Atha Ht aoe & ora eRredtpa raters & rar athe ar tater & fre wa aT sae as CAT cat fred vate soreat } araet H pee frafefea frac site fae are, wraig:- (&) sareatsrrrnatett ar ara, tat ate fa err; (@) Bens ae &, aftraras ar fee, (@) arate ar faa, (3) saree ten; (@) var oa ft arte ate {mr aes 3()) WRG FT TAT: TATA 13 ) rr areata rete rest a rer ar tart Fra TAT @ @) mare ax taht ara St STeTHAT aT 2a eT, @ aren ogre fer site A HY aT; (@) arn ree he et Tee, aR AE a, HH Fl ae a TEM, @ ax a en ar Te er Te STH TET FAT TAT @ fro rar ar Parco Pra steer tor aT eT HB; @) rare Paar & Fare afi fale aT ae & FATT, 3) mr aaeht BE et FATT; (2) efrece H aPRfat rr ae Te A A abt Ha Fa ace A TT ax ena edt Be Fy er wha ar ee To Fhe, AE are wTNET eet arr efter are ae TEN (3) gar (1) 3 FAP rere rar fret a Pere A if AARHE eT Fact ach ae Be as aE A raf Ar rey TENTH CAT ITT 45, war Re qa afttetere eet area Soe aR AE sh, ree eo Ret ate after ate soot eftere Fe &, a a gee aT oC Ra SUT CTE EE, Ht Se Taw fe eT ET ae Reet ey ae ot arene Hat Peer ae &, aw stare er tae ate Sed ce TE ETE TE TT AH TE TC SAT ET MH: eg Ro Fr ke ae eae Ft ta ae aA TN Fgh ater aterm wet rf Fe a Fre eT efter A mo, ae ar after er Fe wetter Fn FT sre () Pram 3 sede ar gaa FAH FG, AT @ cifras qed 362. alte ees arora sea ater eT (eae arg reat a aa oPeaet A eT are aa TA eat aren we ar aM mre ai TET wT Ta HCA FTE rege ae A er 73 TTT (2) a Ee aT Ts SF sgt afin Fre, Fre feet rer ee eT eae A ETE TY A Se eae A STE TCT IT A HE SOT HT HT TTT HCH HT 1Se% Gry | 4 THE GAZETTE OF INDIA : EXTRAORDINARY [Parr il—sec. 3()) argale Sa at eh oa serra A saa x Te SEIT aT TTA at a aw Pr Sear a ater ea Pit aes agence oe A rae aaa H arf erercer— ee Fea sre Fry ay rahe Pres re oer ant & we ATT Fee ah te xg arr ae are eH ave sear oar em ate ae a TT aE Be aT ae afte at at ee UH ae cat TET 16. Sarr Pact rege at Re BTA - set tof, Pre oe 2 Rae ary af, aftet 30 oe at ar Gee age TET ENE He Fre saree“ echt (eres arate ste He) Ream, 2014 fae re 3 are cfrgre ore oor wt ate we aera 31 TE ae At en Of ot ett eres arr mers wT a aah hh 17, afer Hare x see eh RY ora eH are ag aha avert ar ahaha Rear a Som @ ate arar At 08 t vey ote 8 set after raft Fy ange after Farts onfers ax & dara woh 18. efter at er Fata arch atte care Ht anh Ft fe soc ashe ae ex Pt ary GA a aE wT aM eet RR ea a Faftara hatha ear ener aretta Rhord se geMet B woTh 19. ‘en raft & Fer eer 73 atte eer 74 er aM ta — aftr AY eT 76 4 Serer (2) % wrdell ager %, eer 73 ate aTer 74 oe TMT ara eet er seat ar aera er etre eH % Fr aT ah retro — ea weitore & fore ag ere fear eran # FR, fe ate ah rat eh afte, 1956 % qr sade ate aw afte Banh sare ae Reet alts fers er efter arash & (Fea Ta ‘geal oar er ar @) ote se oer ate ger Te aT aT RRRtare Se SIT aac edt @ ate ae ag se afta ate ea Pat oer arteralt ar searert Bett @ ate ace sear A rahe erat a Praet & agar after ate ae fat & archta terrat & argereor Fee rar A are avait & fe marae arth Fr el rar ote ser oe Sarr ar afar are enh & at afta A sr 74 At oe are (1) ee (@) % Sabet ar agers Fear ar ATA STAT; Fea ae ote FR sete or eh at ae eT at af aeare5 & aa | ator Rani & agar eter oh; (Lert wes 3()] AE LTT: HATA 15 20. afeftar & sree a A ade es sera ar Pacr — are 74 HT STANT (1) Fes (#) H water} fre farce ves SHA- 4 F Rat eT 21, seers fr de- ‘afe arer 73 At sree (2) F Se sear are Her are ATE Het aT TE a eet ar arg oer oats er ait & feet Va ode ar secs Ber 3 ra fare afta feet os ar ord ae 2, at aot athe aot & wets ahead, fray oaftarr Ft & ar tS Pet rer oaks Ft ore gore wae aH aT ee Rar oT aH zg AT cafe seciar OTe tear & at Sa Te TaN F Tee Pa & Tag wishes rs at aT TF TERT AT aT | sara rT arf wer fore afters ar ares Fee F ae [ART 7H) site rer 76 site Hat (rar FT epee FTA, 2014 % Fare 4(1) ake Fre 4(2) % TOT AY afta ar faaraa & Prafetes aafde ait 4, Ara EAT meet ar ary, oo, Saaree ah arr aT Ay, a, oe} fir ft aoe; 2 ett ate sat aargeeht are fear or cer arcane ate Set erraratt ar afte, ae ae a, ¥ fare; at weer & afte aac; Pert Fare, v8, fea ate oooh; iil) faett tm ar fade deora 8 ae athe Sa ATT 16 THE GAZETTE OF INDIA : EXTRAORDINARY. (Pant ti—S60. 360] 2. sar er & reo SH aay Ta Tea A TT; . ATED aafeeert & Tet sear Ft aria wet % fee sefeET He aTAT aaor ote Her Ft arta: . WAT aT THI, Tat wfaaa aed ar sfaayfaeee; CaM, ot et afer ate sat seller sare Te faa agar TAT are we Ht oT aaah, ate Teme Tac faite ae & aif fea ate after wr feared ore wer Ft atte a aera F enfta orar she Seat ETA fore wearfae oar #t car ate arnt aree are F sftetara Ft ot are oar At OH BT NT; HAT ET, Sprara Ft araey, Sarat az, rarest Ft AAS she Gear afeara; WRT aH aE irae hte oroe A arte she aerarahe, ora TH oftrs ar fastest ara é; AT ETA HILT AT TENT, H. wre wise Vea, HS LS waka are, wre ear, ora Tear ar are, Vet wre eer ft arta aT aba ar er, star eet ar are, Ata watt F Pete, Sater Ft arate, sartor ar aa, afta ake 3 arate Fara Ht fT Tha RR TE AY TAT Te HLA Fr afer ar afr Fee ora ares ware, ahs aie , B afera faaer, RT THT A Ta aH era, avadat aT er vaehte arhetat ar arg Pate aT wer area feet ate sa fee HT THT, HET TH Te THT Saha AAT a fae . Plseft acest arerr aor Fercor RTT THe . edigft ft arta; Rata er Ta; 1. BATT BT; (sm wes 300) 0 TT: TT 0 =, waraatatt Ht pe TST; a rar feta tre or ea Hara w far, aA ANE a, TT HA areata t atear, safe Ft cae ate staf St arc; B wareatst aren ST Ie TH aT TE BE 4. tht ht facta feat a after ay Rear or wed Tee ate sa aT A Tee A TH aT eh Re ae aT ode eT ge A ATG HTH ATH, a. ge fhe Piette gat ade Beet are ete aay; Fee Ate aT Re aT ACH (HHH RT THT AT AAC SAT TAT H PANY THT AT) a. afters ar fart are at A anther & Towner PS & ta Teeter Gera at argare aoett At faite Rake ar aT; a. oftas ar fart ret ae A aren B aeTTeT TEN a Tet ATEHHT andl ware Prac; read tr at Be Sher eats ART a ATE af ate eH aT he arefarteat 9 Sea TATA 5, Peers are tere — m, eect 3 after rca Beet are ea a eA rer sfereT aT er ae Saree Gara AS oat Tet Fear ys a. cag Be Patera ae A et rat ote fea aide H ohaT TET fran & ate arvana Fare & A aoe A sealer ret fr Feat at at ge eet art Raa, a A aera gM, ST eT He AH che HT cafe a Fert Te ae A ar BH aH tee Ref vet eT, 7. aerft § afta & cecal ote aah ale sare ve Pat aT TT TTT fear g, a axferer she Porth argerera at ath ae ET A ve after A aed edt ATHTE HB; zB gf ere 5 reer Baga eh are eg rar a tare we PRT TATE (arr ger oe sara are... Pett stae (Rea FARE Fa oT) SAT [$0 7GE [-o 18 THE GAZETTE OF INDIA : EXTRAORDINARY [Pant Sec. 30) sitter at fear orem ate wa aa saat wiadere wt eet 2, F uftgfactea ate amr afta hteea & are ary sre) a. fee Ren a are afage Rada aA vx arHat HT Paar Pt onfee F WAT TTS AY BT TART FRAT TCA; Baer ar water oes ar fare & we ohees H efter watorit & fre fear sre, Sao are ebige oar (sfeyfa afar oer, ae AE a, & re sey oT, fae ger cor srafita A ant &) widyftehee & ote ek Soh A aes sfeafaetea & ared art TET FETE 2 sear eare fe Rh crn igh Pe 7(2) BagereN smear FR sere Pre fae = | area er fer — | sear eft ero & Fite ert eat per ek weer, ear eter AY om, are, Sarr ee, TT A arafht atte aftateeterae At arehhe ete oe ara ce whe | oe rer water et A agers Sarre a Ts aT ara BE TT A Cwm a Tee eT eT ere, oe aE arent ft, 5 eT, | ae WY eA Yar a er fear a, seer Fe, atc ae fe pee arc TT agers, aft AE arg, He eC AT aframerck att aferrare ee, 1 2. ae rare te er se, Re, aor, area; avait rer an arpa ay TG 4. afer ner Ree wre ae Fp rar 8. ere ser tt er rere era, Se xe, TATE TAT, 6. aged grater Rrraeie, 7. en wera Se eer aor at art Foret ae aE ae ef ‘wera, a Freer afta wef a ow eh ec feet a eft ae eT oR A he eT ‘rare sth (sm lees 3(9} HG TTS: TTT sear ther freer 4. arent rare 2. deere orm, 3, aura ter ent 6c ar ae a Prt ar ear raat) Prats Feo Raa Pry, er he a A a Ft re i RT aw A (ay eh Fag GR PRR IE are ae se ATM 1) Se err Ph ar es a ate Te oe Fe Ba re re a Pere A are A septs Rar sire (nym erator a area Pe, a HE a, a 3 ATE are eT TET 2, are cmt eet eat Fre ta, Ar, a te a BT te 3, Me aoa atten Redten ater ee nee ster Pi 4. te Pee web are Tr eT er EAT ATE HT, 2, fh Ref art arr Fr ar a TR Per Fr er eh are, ee aT Arc reh at, ra re RE err a TAT er 3. eof rer fr aerator Rea Fe ee, ate ae set 4. eft rer te af Rt een arte pe ea, 5, Sh ers tt a te re et eS ee rr Co te TT sera sar rere a er ry ars aT BE oe 6. bro Ft at a a ae ofa, ot cra Rest ser ear, A ree Ree Te art fier Set efter emt 4. went, east reenter ear Gare, 3 Pree sea wa se aft ehh Rt arate ee, Arr TTT ST eg A et aegTON nea PTE, agro ar wed eRe ehh rare ren Rr eT Tear a RA aT TE OH aT A TEA, cafe th rue Fy eave er NE aa Poe ar far eA re are AE ART HET TFET fears see aft xr ater eh a er a be ace a er wera Eafe oe sa ee aft ehh anata Rater Pere Fat we aE ee ee TT sores sx. aft befh afte seat er arg aff a af cart arr Prot reer gg eet FITC AY GP eH Ar 2. ge mere tee Fs FARR ry AY eae a, Fre ere TTT aT RTT ST ae see TATE ares rere cg Pre fy Fe eh et cat arg are, eA ses Ht feed, ft Seb ara, Pre, le re, ew cat or ee yer are rat ART ee rear ce gare se 3, ee era Fs efit Fr art wa te eee wa eer cH Fry he ant rer EC } 20 ‘THE GAZETTE OF INDIA: EXTRAORDINARY. (Paxr tl-Sec. 34) _ Ac aC ere Fs ster Rat are afte SE RY eae, at er are are FRAY Fe Fre are cag ate aan aera ere atc HT TTT WH RT A aT Te ANALY TE ert Ra art see a ed ar ne Pe ate Fo oT wR oh eae ke emt a Ta Fre BHT ET, acetate a ora oe ea eet ofte Cat ry Bn) GTA Ry Tees ATT, mre err ttt sen Were 3 er ret Re fa (ar ef Ft, 2014 & ro 16 acre HY 2 (a) feefge era ar eT: ta: 3, beh fee stare echt sate ortt 4. earth earth t att 5. butik 6. (x) tere ar afer a ct ae: (9) Ret arr Reet are, (x) Rear eo rar ear BY he Tek RARE Res ee eo ETC EAE (8) (area ere ohh ge ares & Ovo a (0) area tex ore Te (iy ser argrerarer ET (uy RR oe ate TEs or (paren atrat mes (9) aw a or arr eh At EH eG WT 36% AT aH ATA 75%) 8, rar Pe (acer are at arr re ate aera Fe aT) (or wes 30) RG TES : ST 21 (1 athe acter sa co (@) Weeder ehge eration Ha a cor © aftyftanr aida te eer (9 véeton ge gra Aer (9) 8 ie eran wre (wee) ae sure reer Ritieet ara a are (6) rc at ek eg Fr era ft Fee Tf (ma en ee a ra kh tr ere et be aT: a afb fee uy ae sree an a 31 a BP TA aT AY: (a rmx seat Prt Fry ar CT (9 _ arc ontrat & Pere: Ptr er are (Fatt aftghe te # were vw after Te TG TT soe OH wherase were @ HTT amattefest sere a wore yee sarc are afta sew er rare yet 42, sar dian Prec: ce) serdar ater ee reac ect Ae (@) dtorwet era Reefer Co) After ar tere we ae fear eer ts ce) ete rarest i iter a 13, sarc fee (Fare Rate oe gear wet A aT (@ andra 1b 7 GTIIN-6 THE GAZETTE OF INDIA : EXTRAORDINARY [Paxt 1I-Sec. 300) (5) oF fe Ftc ere ores 6 eT ee eT aT (9 aefteryee Srargttern er eae, a ft ter, rare Pate &t aft; sare erat ot Farerey fa, ‘arareatatt are, ar, ara ae mR, EH cher te ate arene, sire sare, er ad At eof ae aoe ee sr re pee eR RT a ATH ETB, we, Fore ererFea ere sr ate fet rer er Fre Rigen Fre ate ft te Ag eT re ere Fv sar a ree ee ry, Fe ey, Peg Ree eet foe arte: efile Rear ar feftrn dere, aft er ah wer eer war Reve anf sree ght arth Rear erat Peer Piet fram (arr tei) Pa, 2014 % Fa 20% ager AY (=) forte: (mere: (6) Se re (@) ees race area: (te ‘teh 6 fer sire echt sate eft seer tott emt of e 7a fr re aha eT aT: (©) aft crm) (©) wareatsit ft ear 53 fir res Pa a eC AEH) (2) at Re Een Fer ee a Fe (©) Fe Tear AT Re A ara fen rere dere at flee rar (2) sar on hee tk eg Fer ere Fe (0) sere eae cer tee Ef Ae Rr eee ft Rear aT (mm 11-wes 309) HO: TTT 23 (Ce) sar ee a aera & Fete EE sr a err Fe eA aT TT ere fre a A ae ore ce ere Fy ATE oT 4. Searetrs sao, 2. aarti arn, ra, a Eo, rer ae ate era, wer, frre A Re te ewe ee eT ee at Pe ET Ee, ae Be Fever rer Fee arf, were eat sear ate afr Bt, Ror er Peer war eg street ee te Fly sere ler rer ara 8B eee osc ea Pt, a gy ey, Fi ere zt fer aer fer oe efi PT Te 3,_tefire ews) [o & 1972013-8H-V] tam Mr, ays Ghee MINISTRY OF CORPORATE AFFAIRS NOTIFICATION ‘New Deli, the 31st March, 2014 GS.R 256 (E)—In exercise ofthe powers conferred by clause (31) of section 2, section 73 and section 76 read ‘with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), and in supersession of the Companies (Acceptance of Deposits) Rules, 1975 or any other rules prescribed under the Companies Act, 1956 (1 of 1956) on matters covered under these rules except as respects things done of omitted to be done before such supersession, the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules, ramely: — 1. Short title, commencement and application.- (1) These rules may be called the Companies (Acceptance of Deposits) Rules, 2014. (2) They shall come into force on the I* day of April, 2014. (3) These rules shall apply to a company other than - (@)a banking company: 5 (ii) a non-banking financial company as defined in the Reserve Bank of India Act. 1934 (2 of 1934) registered with the Reserve Bank of India; ii) a housing finance company registered with the National Housing Bank established under the National Housing Bank Act, 1987 (53 of 1987 and (iv) a company specified by the Central Government under the proviso to sub-section (1) of section 73 of the Act 2. Definitions.-(1) In these rues, unless the context otherwise requires, _ (a) “Act” means the Companies Act, 2013 (18 of 2013); (b) “Annexure” means the Annexure attached to these rules; (@) “deposit” includes any receipt of money by way of depositor loan or in any other form, by a company, but oes not include - (any amount received from the Central Government or a State Government, or any amount received from any other source whose repayment is guarantsed by the Central Government or « State Government, or any amount received from a local authority, or Ea THE GAZETTE OF INDIA : EXTRAORDINARY. [Pant t—Sec. 3()] ‘any amount received from a statutory authority constituted under an Act of Parliament o | State Legislature; ‘any amount received from foreign Governments, foreign or international banks, ‘multilateral financial institutions (including, but not limited to, International Finance Corporation, Asian Development Bank, Commonwealth Development Corporation and Intemational Bank for Industrial and Financial Reconstruction), foreign Governments owned development financial institutions, foreign export credit agencies, foreign | collaborators, foreign bodies corporate and foreign citizens, foreign authorities or persons resident outside India subject tothe provisions of Foreign Exchange Management Act, 1999 (42 of 1999) and rules and regulations made there under, any amount received as a loan or facility from any banking company or from the State | Bank of India o any ofits subsidiary banks or from a banking institution notified by the | ‘Central Government under section 51 ofthe Banking Regulation Act, 1949 (10 of 1949), | ‘or a corresponding new bank as defined in clause (d) of section 2 of the Banking ‘Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) orn clause () of section (2) of the Banking Companies (Acquistion and Transfer of Undertakings) ‘Act, 1980 (40 of 1980) , or from a co-operative bank as defined in clause (bi) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934) ; (iv) any amount received as loan or financial assistance from Public Financial Institutions notified by the Central Government in this behalf in consultation withthe Reserve Bank of India or any regional financial institutions oF Insurance Companies or Scheduled Banks as defined in the Reserve Bank of India Act, 1934 (2 of 1934); (¥) any amount received against issue of commercial paper or any other instruments isued in accordance with the guidelines or notification issued by the Reserve Bank of India; (vi) any amount reeived by a company from any other company: (i) any amount received and held pursuant to an offer made in accordance with the provisions of the Act towards subscription to any securities, including share application | money or advance towards allotment of securities pending allotment, so long as such amount is appropriated only against the amount due on allotment of the securities applied fo, _Esplanation.- For the purposes ofthis sub-clause, itis hereby clarified that - (a) Without prejudice to any other lability or action ifthe secu money or advance for such securities was received cannot be allotted wit from the date of receipt ofthe application money or advance for such securities and such application money or advance isnot refunded to the subscribers within fifteen days from the date of completion of sixty days, such amount shal be treated as @ deposit under these rules. (b) any adjustment ofthe amount for any other purpose shall not be treated as refund. (ili) any amount received from a person wi, atthe time of the receipt ofthe amount, was 8 | director ofthe company: Provided that the direstor from whom money i received, furnishes to the company atthe | time of giving the money, a declaration in writing tothe effect thatthe amount is. not being given out of funds acquired by him by borrowing or accepting loans or deposits from other; (Gx) any amount raised by the issue of bonds or debentures secured by a first charge or a | charge ranking pari passu with the first charge on any assets referred to in Schedule II of the Act excluding intangible assets of the company or bonds or debentures | ‘compulsorily convertible into shares ofthe company Within five years: Provided tht if such bonds or debentures are secured by the charge of any assets | refered to in Schedule Ill of the Act, excluding intangible assets, the amount of such | ‘bonds or debentures shall not exceed the market valve of such assets as assessed by registered valuer, | (3) any amount received ffom an employee of the company not exceeding his annual salary ‘under a contract of employment with the company in the nature of non-interest bearing | security deposit; (xi) any non-interest bearing amount received or held in tus | (ii) any amour received inthe course of, o forthe purposes of, the business ofthe company,- (9 1a 34) TH: TMT (a) as anadvance forthe supply of goods or provision of services accounted for in any manner whatsoever provided that such advance is appropriated against supply of goods or provision of services within a period of three hundred and sixty five days from the date of acceptance of such advance: Provided that in case of any advance which is subject matter of any legal proceedings before any court of lav, the said time limit of three hundred and sixty five days shall not apply: (©) as advance, accounted for in any mannet whatsoever, received in feonnection with consideration for property under an agreement or ‘arrangement , provided that such advance is adjusted against the property in accordance with the terms of agreement or arrangement; (©) as security deposit forthe performance of the contract for supply of goods ‘or provision of services; (@) _ as advance received under long term projects for supply of capital goods ‘except those covered under item (b) above: Provided that if the amount received under items (2), (b) and (4) above becomes refundable (with o without interest) due tothe reasons that the company accepting the money does not have necessary permission or approval, wherever required, to deal in the goods or properties or services for which the money is taken, then the amount received shall be deemed tobe a deposit under these rules: Explanation For the purposes of this sub-clause the amount referred to in the first proviso ‘hall be deemed to be deposits onthe expiry of fifteen days from the date they become due for refund. ‘any amount brought in by the promoters of the company by way of unsecured loan in pursuance ing financial institution or a bank subject to fulfillment ofthe following i ‘of the stipulation of any conditions, namely:= (a) the loan is brought in pursuance of the stipulation imposed by the lending institutions on the promoters to contribute such finance; (@) the loan is provided by the promoters themselves or by their relatives o¢ by both; and (©) the exemption under this sub-clause shall be available only till thesloans of financial institution or bank are repaid and not thereafter, * (xiv) any amount accepted by a Nidhi company in accordance with the rules made under section 406 ofthe Act. Explanation. For the purposes of this clause, any amount.- (@) _ received by the company, whether inthe form of instalments or otherwise, from a person with promise or offer to jive returns in cash or in kind, on completion ofthe period specified inthe promise or offer, or earlier, accounted for in ‘any manner whatsoever, or (b) any additional contributions, over and above the amount under item (8) above, made by the company as part of such promise or offer, hall be treated as a deposit; (@) “depositor”” means,- i) any member of the company who has made a deposit with the company in accordance with the provisions of sub-section (2) of section 73 of the Act, or (ii) any person who has made a deposit with a public company in accordance with the provisions of section 76 of the Act; {) “eligible company” means a public company as referred to in sub-section (1) of section 76, having & net worth of not 1 thas one hundred crore rupees oF turnover of not les than five hundred crore rupees and which has obtained the prior consent ofthe eompany in general meeting by means of a special resolution and also filed the said resolution with the Registrar of Companies before making any invitation tothe Public for acceptance of deposits: Provided that an eligible company, which is accepting deposits within the limits specified under clause (e) of sub-section (1) of section 180, may accept deposits by means of an ordinary resolution; (0 fees” means fees as specified in the Companies (Registration Offices and Fees) Rules, 2014; (@) "Form" or ‘e-Form” means a form set forth in Annexure to these rules which shall be used for the matter to which it relates; (h) “section” means section ofthe Act; (Se 7GT pia-7 25 26 "THE GAZETTE OF INDIA : EXTRAORDINARY. [Parr 1I-Sec. 309) “trustee” means the truste as defined in section 3 of the Indian Trusts Act, 1882 (12 of 1882). (@) Words and expressions used in these rules but not defined and defined inthe Actor inthe Reserve Bank of India Act, 1934 (2 of 1934) or in the Companies (Specification of definitions details) Rules, 2014, shall have the meanings respectively assigned to them inthe said Acts or in the sid rules. conditions of acceptance of deposits by companies.-(1) On and from the commencement of these 3. Terms a rules — (2) no company referred to in sub-section (2) of section 73. and no eligible company shall acceptor renew any deposit, ‘whether secured or unsecured, which is repayable on demand or upon receiving a notice within a period of less than six ‘months or more than thirty-six months from the date of aceptance or renewal of such deposit: Provided that a company may, forthe purpose of meeting any of its shor-term requirements of funds, accept ‘or renew such deposits for repayment carlier than six months from the date of deposit or renewal, as the case may be, subject to the condition that- (@) such deposits shall not exceed ten percent. of the aggregate ofthe paid up share capital and fre reserves of the company, and (©) such deposits ae repayable not earlier than three months from the date of such deposits or renewal thereof. (@)_ Where depositors so desir, deposits may be accepted in joint names not exceeding three, with or without any of the clauses, namely, “Jointly”, “Either cr Survivor”, “First named or Survivor”, “Anyone or Survivor” (@) No company refered to in sub-section (2) of section 73 shall acceptor renew any deposit from its members, ifthe mount of such deposits together with the amount of other deposits outstanding as on the date of acceptance or renewal Of such deposits exceeds twenty five per cent. of the aggregate ofthe paid-up share capital and ffee reserves of the company. (@ Nocligible company shall acceptor renew- (@) any deposit from its members, if the amount of such deposit together with the amount of deposits outstanding as onthe date of acceptance or renewal of such deposits from members exceeds ten per cent. of the aggregate ofthe paid-up share capital an free reserves ofthe company; (©) any other deposit, ifthe amount of such deposit together with the amount of such other deposits ober than the deposit referred to in clause (a, outstanding on the date of acceptance or renewal exceeds twenty-five er cent, of aggregate of the paic-up share capital ad free reserves ofthe company. (5) No Government company eligible to accept deposits under section 76 shall accept ot renew any deposit, ifthe amount of such deposits together with the amount of other deposits oustanding as onthe date of acceptance or renewal ‘exceeds thiy five per cent. ofthe aggregate ofits paid up share capital and free reserves ofthe company. (6) No company referred to in sub-section (2) of section 73 or any eligible company shall invite or acceptor enew any

    You might also like