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          <h1>Companies must use a specified form for deposit applications, verifying funds are not borrowed. Companies (Acceptance of Deposits) Rules, 2014.</h1> No company is permitted to accept or renew any deposit, whether secured or unsecured, without receiving an application in a specified form from the prospective depositor. The application must include a declaration by the depositor stating that the deposit is not being made with funds borrowed from another individual. This requirement is mandated by the Companies (Acceptance of Deposits) Rules, 2014, ensuring transparency and compliance in the acceptance of deposits.

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