deposits
negative list given in the module of ICAI of deposits
those negative list are not eligible for taking deposits or are not necessary to comply the the given conditions and rules in the company law what is the basic concept for the negative list
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Corporate Law
Replies (3)
Quick Summary
Negative list.... means
Are you asking about "AMOUNTS NOT CONSIDERED AS DEPOSIT"...?
Are you asking about "AMOUNTS NOT CONSIDERED AS DEPOSIT"...?
Yes yes
Company can take deposit only if it's comply with rules and regulations as prescribed by Company Act and deposit Rule.
Negative list I.e AMOUNTS NOT CONSIDERED AS DEPOSIT is a list of those transaction which can't be considered as deposit.
So, Company can do that transaction without complying of any rule relating to deposit.
ex. (vi) any amount received by a company from any other company;
it's in negative list. So, No need comply deposit rule for this transaction.
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