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of <h1>Companies Must Deposit 20% of Maturing Deposits Annually; Five-Year Wait After Rectifying Defaults Under Amended Section 73</h1> Section 73 of the principal Act is amended by the Companies (Amendment) Act, 2017. Sub-section (2) is revised to replace clause (c) with a requirement for companies to deposit at least 20% of their maturing deposits for the following financial year into a deposit repayment reserve account in a scheduled bank by April 30 each year. Clause (d) is removed, and clause (e) is amended to include provisions for companies that have rectified a default, requiring a five-year period to elapse since the default was remedied.
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