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        Companies Law

        Rule 10 - Form of application for deposits.

        Companies (Acceptance of Deposits) Rules, 2014.
        Chapter 01

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        Form of application for deposits requires depositor declaration that funds are not borrowed before company accepts or renews deposits. Companies must not accept or renew any deposit unless the intending depositor submits an application in a company-specified form, and that application must include a declaration that the deposit is not made from money borrowed from any other person.
                          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.

                                Form of application for deposits requires depositor declaration that funds are not borrowed before company accepts or renews deposits.

                                Companies must not accept or renew any deposit unless the intending depositor submits an application in a company-specified form, and that application must include a declaration that the deposit is not made from money borrowed from any other person.


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