Deposits Rules
G.S.R. 256(E)
The Companies (Acceptance of Deposits) Rules, 2014
What is and is not a deposit, terms and conditions of acceptance, the circular and advertisement, security and trustees, the deposit repayment reserve, registers, premature repayment, the return in DPT-3, and the penal rate of interest.
21
Rules
1
Forms
G.S.R. 256(E)
Notification
DPT-3
Annual return
Made under
The Companies Act, 2013 Chapter V
21
rules
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Opening text
Preamble
NOTIFICATION
New Delhi, the 31st March, 2014
G.S.R 256 (E).—In exercise of the 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 or omitted to be done before such supersession, the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules, namely: —
Chapter I
5 rules
Preliminary and Terms of Acceptance
R2 Definitions
R3 Terms and conditions of acceptance of deposits by companies
R4 Form and particulars of advertisements or circulars
R5 Manner and extent of deposit insurance
Chapter II
7 rules
Security, Trustees and Depositors
R6 Creation of security
R7 Appointment of trustee for depositors
R8 Duties of trustees
R9 Meeting of depositors
R10 Form of application for deposits
R11 Power to nominate
R12 Furnishing of deposit receipts to depositors
Chapter III
6 rules
Reserves, Registers and Repayment
R13 Maintenance of liquid assets and creation of deposit repayment reserve account
R14 Registers of deposits
R15 General provisions regarding premature repayment of deposits
R16 Return of deposits to be filed with the Registrar
R16A Disclosures in the financial statement
R17 Penal rate of interest
Chapter IV
4 rules
General
R18 Power of Central Government to decide certain questions
R19 Applicability of sections 73 and 74 to eligible companies
R20 Statement regarding deposits existing as on the date of commencement of the Act
R21 Punishment for contravention
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