Books of account kept by a company at a place other than registered office ‑Requirement of filing of notice with Registrar of Companies
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Books of account location: companies must file notice for out of office books; registrars advised not to charge delay fees. Companies keeping any books of account at a place other than the registered office must file the prescribed notice in Form No. 23A with the Registrar of Companies and pay the usual filing fee; registrars are directed not to charge additional fees for delay in filing such notices.
Deduction of outgoings for purposes of computation ‑ Whether political contributions constitute outgoings within the meaning of clause (j) of sub‑section (4)
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Political contributions as outgoings: deductible only when made for commercial expediency under illustrative statutory language. Contributions by a company to a political party or for a political purpose constitute outgoings for computation under clause (j) of sub section (4) only when made for commercial expediency; the illustrative phrase "outgoings inclusive of..." is not exhaustive, so lack of a specific reference to the enabling provision does not prevent such treatment.
Advertisement-as-prospectus: prospectus provisions apply to deposit advertisements, subject to specific deposit rules and liabilities extend accordingly. Advertisements inviting or accepting public deposits are treated as prospectuses and, generally, prospectus provisions apply to them. However, the ... Summary
Advertisement-as-prospectus: prospectus provisions apply to deposit advertisements, subject to specific deposit rules and liabilities extend accordingly.
Advertisements inviting or accepting public deposits are treated as prospectuses and, generally, prospectus provisions apply to them. However, the qualifier "so far as may be" means that where specific requirements are prescribed by the Acceptance of Deposits Rules or deposit-specific provisions, those requirements govern and displace corresponding prospectus provisions (for example, prescribed form requirements override general prospectus disclosure schedules). Civil and criminal liabilities for misstatements and penalties for fraudulent inducement apply to deposit advertisements mutatis mutandis unless superseded by specific deposit rules.
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