Violation of Deposit, Corporate Laws / SEBI / LLP

[Ramanan Ram]

Recently private limited companies have been receiving notice from the regional director about the violation of deposit and filing of prosecution on company and directors. These companies had maintained share application money in 2013 Balance Sheet. The Deposit rules comes only from 1-4-2014. These companies have closed the share Application account during the financial year 2013-14 by refund of money or adjustments. How far is the notice applicable to these companies and what is the violation. I feel there is also no requirement to fill form D 4 since the deposit is Nil

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

You may send the copy of the notice to my email id govind.ayyan@gmail.com I will analyze and advise you further.