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          <h1>Company Officers Liable for Fraudulent Deposit Acceptance Under Section 75 of the Companies Act, 2013</h1> Section 75 of the Companies Act, 2013 addresses the issue of damages for fraud related to the acceptance of deposits by companies. If a company fails to repay deposits or interest within the specified time and it is proven that the deposits were accepted with fraudulent intent, every responsible officer of the company is personally liable for the losses incurred by depositors. This liability is without limitation and is in addition to other legal consequences. Affected individuals or groups may initiate legal action for recovery of losses due to the company's failure to repay deposits or interest.

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