Executive Accounts
59 Points
Posted on 20 August 2015
Format of Declaration says point as ' The Company or its Directors shall not accept any deposit from public unless compliance of the applicable provisions of the Companies Act, 1956, RBI Act, 1934 and SEBI Act, 1992 and rules / regulations/ directions made there under are duly complied and filed with the concerned authorities.'
But my Question is since we are incorporating company under Co's Act 2013, why should the provisions of Companies Act 2013 be applicable ?