companies (Acceptance of Deposits) Rules 2014

As per Rule 3 of Companies Acceptance of Deposits Rules, as per the general rule, a Company cannot accept the deposit which is repayable within the period of 6 months and not more than the period of 36 months.

But as per the proviso of Rule 3 , a Company for meeting its short term requirement may provide deposit but not less than the period of 3 months but provided such  Companyshall not accept the deposit  if such amount exceeds 10% of the paid up share capital, free reserves and securities premium