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TMI BlogCIRCULAR OR CIRCULAR IN THE FORM OF ADVERTISEMENT INVITING DEPOSITSX X X X Extracts X X X X X X X X Extracts X X X X ..... ompany; (e)Names, addresses, DIN and occupations of the directors; (f) Management's perception of risk factors; (g). Details of default, including the amount involved, duration of default and present status, in repayment of - (i) statutory dues; (ii) debentures and interest thereon; (iii) loan from any bank or financial institution and interest thereon. 2. PARTICULARS OF THE DEPOSIT SCHEME (a) Date of passing of board resolution; (b) Date of passing of resolution in the general meeting authorizing the invitation of such deposits; (c) Type of deposits, i.e., whether secured or unsecured; (d) Amount which the company can raise by way of depo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... involved; (g) Any waiver by the depositors, of interest accrued on deposits. 4. FINANCIAL POSITION OF THE COMPANY (a) Profits of the company, before and after making provision for tax, for the three financial years immediately preceding the date of issue of circular or advertisement; (b) Dividends declared by the company in respect of the said three financial years; interest coverage ratio for last three years (Cash profit after tax plus interest paid or interest paid) ; (c) A summary of the financial position of the company as in the three audited balance sheets immediately preceding the date of issue of circular or advertisement; (d) Audited Cash Flow Statement for the three years imme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d and ranking pari passu with other unsecured liabilities); (f) in case of any adverse change in credit rating, depositors will be given a chance to withdraw deposits without any penalty; (g) the deposits shall be used only for the purposes indicated in the Circular or circular in the form of advertisement; (h) the deposits accepted by the company (other than the secured deposits, if any, aggregate amount of which to be indicated) are unsecured and rank pari passu with other unsecured liabilities of the company. ] ******** Notes 1. Substituted vide Notification [F. No. 1/8/2013 CL-V] dated 05-07-2018 - Forms Tax Management India - taxmanagementindia - taxmanagement - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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