Dear All,
Registrar of Companies, by virtue of the power granted by Ministry of Corporate Affairs vide circular dated May 29, 2013, may now obtain declaration/affidavits from subscribers/first directors at the time of incorporation of a company and from directors, subsequently whenever the company changes its objects, to the effect that company/directors shall not accept deposits unless the same is in compliance with applicable provisions of Companies Act, 1956; RBI Act, 1934; and SEBI Act, 1992 and rules/directions/regulations made there under and filed with the concerned regulatory authorities.
The relevant circular is attached herewith for your ready reference.
Thanks
Ankur Garg
CAclubindia
