Companies Act, 2013

Section - 74 - Repayment of deposits, etc., accepted before commencement of this Act.

Repayment of deposits, etc., accepted before commencement of this Act.

74. (1) Where in respect of any deposit accepted by a company before the commencement of this Act, the amount of such deposit or part thereof or any interest due thereon remains unpaid on such commencement or becomes due at any time thereafter, the company shall-

(a)	-	file, within a period of three months from such commencement or from the date on which such payments, are due, with the Registrar a statement of all the deposits accepted by the company and sums remaining unpaid on such amount with the interest payable thereon along with the arrangements made for such repayment, notwithstanding anything contained in any other law for the time being in force or under the terms and conditions subject to which the deposit was accepted or any scheme framed under any law; and
[(b)	-	repay within three years from such commencement or on or before expiry of the period for which the deposits were accepted, whichever is earlier:

Providedthat renewal of any such deposits shall be done in accordance with the provisions of Chapter V and the rules made thereunder.]

(2) The Tribunal may on an applica .... To read the full section download the app from Google Play store