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Companies Law - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Prohibition on acceptance of deposits from public - defaulting ...


Companies Can Accept Public Deposits Again After 5 Years of Correcting Defaults per Section 73(2)(e) of Companies Act.

January 7, 2018

Act Rules     Companies Law

Prohibition on acceptance of deposits from public - defaulting company - allowing acceptance of deposits by companies, if the default is made good and five years have lapsed since then. - Section 73(2)(e) of the Companies Act, 2013

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