26 November 2009
Can somebody help me with what is the procedure under section 58A deposis not to be invited without issuing an advertisement?? Any application to be made to any government authorities? and if yes, what documents required and how to go about it?
17 December 2009
Rule 4A of the Companies (Acceptance of Deposit) Rules provides that every company intending to accept deposit without inviting deposit shall file with RoC a statement in lieu of Advertisement containing the same particulars as in case of advertisement and signed in the same manner. Validity period shall also be same.
So prepare and advertisement and dont publish it in newspaper but send it to RoC and it will be called "Statement in lieu of Advertisement".
CAclubindia
