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Filing of form gnl 2

Kanika Gupta (C.S Trainee)     19 June 2014

Kanika Gupta
C.S Trainee 
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A company having share application money pertaining to FY 2013-14 in its books as on date and as per definition of deposits under Co's Act 2013 it comes under the category of deemed deposit.Does the company required to file form GNL-2 for the same. ?


CS Rahul Harsh (CS)     26 June 2014

CS Rahul Harsh
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PL . refer : Companies (Acceptance of Deposits) Rules, 2014. which states that : any amount received and held pursuant to an offer made in accordance with the provisions of the Act towards subscripttion to any securities, including share application money or advance towards allotment of securities pending allotment, so long as such amount is appropriated only against the amount due on allotment of the securities applied for;
Explanation.- For the purposes of this sub-clause, it is hereby clarified that -
(a) Without prejudice to any other liability or action, if the securities for which application money or advance for such securities was received cannot be allotted within sixty days from the date of receipt of the application money or advance for such securities and such application money or advance is not refunded to the subscribers within fifteen days from the date of completion of sixty days, such amount shall be treated as a deposit under these rules.
(b) any adjustment of the amount for any other purpose shall not be treated as refund.



Sankar Narayanan (Practicing Company Secretary)     02 October 2014

Sankar Narayanan
Practicing Company Secretary 
 21 points

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When filing GNL 2 along with ADT 1 for appointment of Auditor, are we required to file the auditor's consent letter as an attachment?

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