Acceptance Of Deposits: Section 73 to 76 of the Companies Act 2013

CA. Peeyush Sharma | Last updated: 07 June 2021

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Sections 73 to 76 of the Companies Act 2013, along with associated rules, govern how companies can raise funds by accepting deposits. The Act defines a 'deposit' broadly but excludes certain categories like inter-corporate deposits, advances for business purposes, and loans from banks or financial institutions. Specific conditions and limits apply to private and public companies when accepting deposits from members or the public, with detailed compliance requirements including resolutions, disclosures, and security provisions.

ACCEPTANCE OF DEPOSITS SECTION 73 TO 76 OF THE COMPANIES ACT 2013 (HEREIN AFTER CALLED THE ACT) READ WITH RULES MADE UNDER CHAPTER V OF THE COMPANIES ACT, 2013 Deposit is one of the sources available with acompany to raise funds for meeting its short term and long-term fund requirements. Secti

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About the Author

CA. Peeyush Sharma

Chartered Accountant in practice

CA. PEEYUSH SHARMA FCA, DISA, CCCAB, Peer Reviewer (ICAI) Professional Background: CA. Peeyush Sharma is a distinguished Chartered Accountant, holding the esteemed designation of Fellow Chartered Accountant (FCA) and certified in Information Systems Audit (DISA) by the Institute of Chartered Accountants of India (I ... Read more

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