Deposits not to be invited without issuing an advertisement - Notified companies to which provisions of section 58A shall not apply

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..... Subject:- Deposits not to be invited without issuing an advertisement - Notified companies to which provisions of section 58A shall not apply G.S.R. NO. 73(E).- In exercise of the powers conferred by sub-clause (ii) of clause (a) of subsection (7) of section 58A of the Companies Act, 1956 (1 of 1956) and in supersession of the notification of the Government of India in the Ministry of Indust .....

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..... tal, whichever is less. Explanation : For the purpose of this notification (i) "deposit" has the same meaning as in clause (b) of rule 2 of the Companies (Acceptance of Deposits) Rules, 1975. (ii) a "Small Scale Industrial Unit" means any industrial undertaking registered with the Directorate of Industries of Small Scale Industries, as the case may be, of the State Government a .....

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