Acceptance of Deposits Section 73 to 76 of the Companies Act

Description:

Deposit is one of the sources available with company to raise funds for meeting its short term and long-term fund requirements. Section 73 to 76 of the Companies Act 2013 (herein after called the Act) read with Rules made under Chapter V of the Companies Act, 2013 regulate the invitation and acceptance of deposits. As companies Act 2013, â€œdepositâ€ includes any receipt of money by way of deposit or loan or in any other form, by a company, but does not include such categories of amount as may be prescribed under Rule 2(c) of the Companies (Acceptance of Deposit) Rules, 2014. #pdf

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