Acceptance of deposits rules set scope, commencement and company exemptions under the Companies Act, governing deposit acceptance compliance. The Companies (Acceptance of Deposits) Rules, 2014 create the regulatory framework for acceptance of deposits, are made under the Companies Act in ... Summary
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Acceptance of deposits rules set scope, commencement and company exemptions under the Companies Act, governing deposit acceptance compliance.
The Companies (Acceptance of Deposits) Rules, 2014 create the regulatory framework for acceptance of deposits, are made under the Companies Act in consultation with the Reserve Bank of India, supersede the 1975 Rules where applicable, commence on the notified date, and apply to companies except banking companies, NBFCs registered with the Reserve Bank, housing finance companies registered with the National Housing Bank, and companies specified by the Central Government under the Act.
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