Amendment in rule 2 of Companies (Acceptance of Deposits) Rules, 1975 - G.S.R. 189(E). - Companies Law

MINISTRY OF FINANCE (Department of Company Affairs) NOTIFICATION New Delhi, the 12 th March, 2004 Subject:- Amendment in rule 2 of Companies (Acceptance of Deposits) Rules, 1975 G.S.R. 189(E).- In exercise of the powers conferred by section 58A read with sub-clauses (a) and (b) of Sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules further to amend the Companies (Acceptance of Deposits) Rules, 1975, namely: 1. (1) These rules may be called the Companies (Acceptance of Deposits) (Amendment) Rules, 2004. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In rule 2 of the Companies (Acceptance of Deposits) Rules, 1975, in clause (b), for sub-clause (ix), the following sub-clause shall be substituted, namely: (ix) any amount received from a person who, at the time of the receipt of the amount, was a director of the company or any amount received from a relative of a director or its member by a private company: Provided that the director, relative of a director or member, as the case may be, from whom money is received, furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting from others . [F. No. 5/12/2001-CL-V] JITESH KHOSLA, Jt. Secy. Note :- The Companies (Acceptance of Deposits) Rules, 1975 published vide Notification No. G.S.R. 43(E) dated 3-2-1975, Part-II, Section 3, Sub-section (i) of the Gazette of India (Extraordinary) dated 3-2-1975, subsequently amended by Notification No. 1. S.O. 525(E) dated 18-9-1975 2. S.O. 684(E) dated 29-11-1975 3. G.S.R. 427(E) dated 29-6-1976 4. G.S.R 820(E) dated 24-9-1976 5. G.S.R 965(E) dated 29-12-1976 6. G.S.R. 385(E) dated 17-6-1977 7. G.S.R 386(E) dated 17-6-1977 8. G.S.R. 424(E) dated 27-6-1977 9. G.S.R 793(E) dated 30-12-1977 10. G.S.R 200(E) dated 30-3-1978 11 . G.S.R 252(E) dated 27-4-1978 12. G.S.R 341(E) dated 29-6-1978 13. G. S.R 378(E) dated 17-7-1978 14. G.S.R 586(E) dated 21-12-1978 15. G.S.R 109(E) dated 21-3-1980 16. G.S.R 185(E) dated 1-4-1980 17. G.S.R 380(E) dated 24-6-1980 18. G.S.R 435(E) dated 18-7-1980 19. G.S.R 546(E) dated 24-9-1980 20. G.S.R 187(E) dated 20-3-1981 21. G.S.R. 44(E) dated 12-1-19$2 22. G.S.R 286(E) dated 19-3-1985 23. G.S.R 372(E) dated 194-1985 24. G.S.R 482(E) dated 5-6-1985 25. G.S.R. 7(E) dated 2-1-1986 26. G. S.R. 385(E) dated 1-4-1987 27. G.S.R 620(E) dated 1-7-1987 28. G.S.R 850(E) dated 12-10-1987 29. G. S.R 551(E) dated 7-6-1990 30. G.S.R 39(E) dated 10-1-1992 31. G.S.R 814(E) dated 9-10-1992 32. G.S.R 744(E) dated 10-12-1993 33. G.S.R. 767(E) dated 1-12-1995 34. G.S.R 385(E) dated 24-5-2001 35. G.S.R. 689(E) dated 25-9-2001 36. G.S.R 873(E) dated 28-11-2001 37. G.S.R. 77(E) dated4-2-2002 38. G. S.R 300(E) dated 3-4-2002 39. G.S.R 323(E) dated 9-4-2003 40. G.S.R 774(E) dated 29-9-2003