Creation of Security (1) For the purposes of providing security, every company referred to in sub-section (2) of section 73 and every eligible company inviting secured deposits shall provide for security by way of a charge on its assets as referred to in Schedule III of the Act excluding intangible assets of the company for the due repayment of the amount of deposit and interest thereon for […]

Manner and Extent of Deposit Insurance Omitted] Amendment 1. Omitted by the Companies (Acceptance of Deposits) Amendment Rules, 2018 Dated 05.07.2018 Amendment shall come into force on 15th August 2018 Original Omiited Content 5 Manner and Extent of Deposit Insurance (1) Every company referred to in sub-section (2) of section 73 and every other eligible company inviting deposits shall

Form and Particulars of Advertisements or Circulars. (1) Every company referred to in sub-section (2) of section 73 intending to invite deposit from its members shall issue a circular to all its members by registered post with acknowledgement due or speed post or by electronic mode in Form DPT-1: Provided that in addition to issue of such circular to all

Terms and Conditions of Acceptance of Deposits by Companies (1) On and from the commencement of these rules,— (a) no company referred to in sub-section (2) of section 73 and no eligible company shall accept or renew any deposit, whether secured or unsecured, which is repayable on demand or upon receiving a notice within a period of less than six

Definitions (1) In these rules, unless the context otherwise requires, — (a) “Act” means the Companies Act, 2013 (18 of 2013); (b) “Annexure” means the Annexure attached to these rules; (c) “deposit” includes any receipt of money by way of deposit or loan or in any other form, by a company, but does not include – (i) any amount received from

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 1st day of April, 2014. (3) These rules shall apply to a company other than – (i) a banking company; (ii) a non-banking financial company as defined in the Reserve

Nomination by Securities Holders (1) Any holder of securities of a company may, at any time, nominate, in Form No. SH.13, any person as his nominee in whom the securities shall vest in the event of his death. (2) On the receipt of the nomination form, a corresponding entry shall forthwith be made in the relevant

Debentures (1) The company shall not issue secured debentures, unless it complies with the following conditions, namely:- (a) An issue of secured debentures may be made, provided the date of its redemption shall not exceed ten years from the date of issue. 1[Provided that the following classes of companies may issue secured debentures for a

Buy-back of Shares or Other Securities Unless stated otherwise, the following norms shall be complied with by the private companies and unlisted public companies for buy-back of their securities- (1) The explanatory statement to be annexed to the notice of the general meeting pursuant to section 102 shall contain the following disclosures, namely:- (a) the date of

Provision of Money by Company for Purchase of its Own Shares by Employees or by Trustees for the Benefit of Employees (1) The company shall not make a provision of money for the purchase of, or subscription for, shares in the company or its holding company, if the purchase of, or the subscription for, the