Return of Deposits to be Filed With the Registrar. Every company to which these rules apply, shall on or before the 30th day of June, of every year, file with the Registrar, a return in Form DPT-3 along with the fee as provided in Companies (Registration Offices and Fees) Rules, 2014 and furnish the information contained therein […]

General Provisions Regarding Premature Repayment of Deposits Where a company makes a repayment of deposits, on the request of the depositor, after the expiry of a period of six months from the date of such deposit but before the expiry of the period for which such deposit was accepted, the rate of interest payable on such deposit shall be reduced by one per

Registers of Deposits (1) Every company accepting deposits shall maintain at its registered office one or more separate registers for deposits accepted or renewed, in which there shall be entered separately in the case of each depositor the following particulars, namely:- (a) name, address and PAN of the depositor/s; (b) particulars of guardian, in case of a minor; (c) particulars of the

Maintenance of Liquid Assets and Creation of Deposit Repayment Reserve Account Every company referred to in sub-section (2) of section 73 and every eligible company shall on or before the 30th day of April of each year deposit the sum as specified in clause (c) of the said sub-section with any scheduled bank and the amount so deposited shall not be

Furnishing of Deposit Receipts to Depositors. (1) Every company shall, on the acceptance or renewal of a deposit, furnish to the depositor or his agent a receipt for the amount received by the company, within a period of twenty one days from the date of receipt of money or realisation of cheque or date of renewal. (2) The

Power to Nominate Every depositor may, at any time, nominate any person to whom his deposits shall vest in the event of his death and the provisions of section 72 shall, as far as may be, apply to the nomination made under this rule. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal

Form of Application for Deposits (1) On and from the commencement of these rules, no company shall accept, or renew any deposit, whether secured or unsecured, unless an application, in such form as specified by the company, is submitted by the intending depositor for the acceptance of such deposit. (2) The form of application referred to in sub-rule (1) shall contain

Meeting of Depositors The trustee for depositors shall call a meeting of all the depositors on- (a) requisition in writing signed by at least one-tenth of the depositors in value for the time being outstanding; (b) the happening of any event, which constitutes a default or which, in the opinion of the trustee for depositors, affects the interest of the depositors. Practice area’s of B K Goyal

Duties of Trustees It shall be the duty of every trustee for depositors to- (a) ensure that the assets of the company on which charge is created together with the amount of deposit insurance are sufficient to cover the repayment of the principal amount of secured deposits outstanding and interest accrued thereon; (b) satisfy himself that the circular or advertisement inviting deposits does not contain

Appointment of Trustee for Depositors (1) No company referred to in sub-section (2) of section 73 or any eligible company shall issue a circular or advertisement inviting secured deposits unless the company has appointed one or more trustees for depositors for creating security for the deposits: Provided that a written consent shall be obtained from the trustee for depositors before their appointment and a statement shall appear in the circular or