Public Deposits - Acceptance of ‑ Scope and provision of Companies (Acceptance of Deposits) Rules, 1975 - Companies Law - Letter : No. 4/3/77‑CL-XIV,

Letter : No. 4/3/77 ‑ CL-XIV, dated 22 ‑ 7 ‑ 1977. Subject:- Public Deposits - Acceptance of ‑ Scope and provision of Companies (Acceptance of Deposits) Rules, 1975 explained Circular No. 23/75, dated 25‑9‑1975 does not necessarily envisage an agent being authorised by a director through a power of attorney. The authorisation may well be in the form of a letter signed by the director.