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        Companies Law

        Section 76 - Acceptance of deposits from public by certain companies

        Companies Act, 2013
        Chapter V
        ACCEPTANCE OF DEPOSITS BY COMPANIES

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        Acceptance of deposits requires an annual recognised credit rating and prescribed security to protect deposit holders. Specified public companies may accept deposits from persons other than members if they meet prescribed financial thresholds and comply with the Chapter's requirements and rules, including obtaining and publicising an annual recognised credit rating assessing net worth, liquidity and repayment capacity; secured deposits require creation of a charge on assets at least equal to deposits in accordance with rules.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                    Provisions expressly mentioned in the judgment/order text.

                        Acceptance of deposits requires an annual recognised credit rating and prescribed security to protect deposit holders.

                        Specified public companies may accept deposits from persons other than members if they meet prescribed financial thresholds and comply with the Chapter's requirements and rules, including obtaining and publicising an annual recognised credit rating assessing net worth, liquidity and repayment capacity; secured deposits require creation of a charge on assets at least equal to deposits in accordance with rules.


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