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Fixed Deposit

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Navendu Agarwal

Navendu Agarwal (Querist)
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04 April 2011 Please provide what accounting should be followed when depositor not claimed deposit principal and interest on maturity.(all legal compliance)

Abhishek (Expert)
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06 April 2011 Would depend upon which type of company is yours . i.e bank, NBFC or a normal company etc.. cos each of them has there own procedures as laid down by law

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Navendu Agarwal

Navendu Agarwal (Querist)
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07 April 2011 Please provide me for public ltd. Company

Abhishek (Expert)
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21 April 2011 as per law u would need to keep the liability in your books for 7 years and thereafter transfer to investor education and protection fund

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