Registers of deposits: companies must record depositor details and retain registers for a statutory retention period. Rule 7 requires companies accepting deposits to keep one or more registers at the registered office recording, for each depositor, name and address; date and amount of each deposit; duration and repayable date; rate of interest; dates for interest payment; and any other particulars relating to the deposit, and to preserve those register(s) in good order for not less than eight calendar years from the financial year in which the latest entry is made.
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Provisions expressly mentioned in the judgment/order text.
Registers of deposits: companies must record depositor details and retain registers for a statutory retention period.
Rule 7 requires companies accepting deposits to keep one or more registers at the registered office recording, for each depositor, name and address; date and amount of each deposit; duration and repayable date; rate of interest; dates for interest payment; and any other particulars relating to the deposit, and to preserve those register(s) in good order for not less than eight calendar years from the financial year in which the latest entry is made.
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