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
R. 2 Definitions
R. 3 Terms and conditions of acceptance of deposits by companies
R. 4 Form and particulars of advertisements or circulars
R. 5 Manner and extent of deposit insurance
Chapter II
7 rules
Security, Trustees and Depositors
R. 6 Creation of security
R. 7 Appointment of trustee for depositors
R. 8 Duties of trustees
R. 9 Meeting of depositors
R. 10 Form of application for deposits
R. 11 Power to nominate
R. 12 Furnishing of deposit receipts to depositors
Chapter III
6 rules
Reserves, Registers and Repayment
R. 13 Maintenance of liquid assets and creation of deposit repayment reserve account
R. 14 Registers of deposits
R. 15 General provisions regarding premature repayment of deposits
R. 16 Return of deposits to be filed with the Registrar
R. 16A Disclosures in the financial statement
R. 17 Penal rate of interest
Chapter IV
4 rules
General
R. 18 Power of Central Government to decide certain questions
R. 19 Applicability of sections 73 and 74 to eligible companies
R. 20 Statement regarding deposits existing as on the date of commencement of the Act
R. 21 Punishment for contravention
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