Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification on Public Deposit Limits: Based on Paid-Up Share Capital and Free Reserves, Excluding Certain Deductions. No Rule 3 Changes.</h1> The circular clarifies the computation of permissible limits for accepting public deposits under the Companies (Acceptance of Deposits) Rules, 1975. It specifies that these limits should be calculated based on the paid-up share capital and free reserves from the latest audited balance sheet, minus accumulated losses, deferred revenue expenditure, and intangible assets. Any changes in paid-up share capital after the financial year's end are not considered in this calculation. The circular reiterates the position from a previous communication and concludes that no changes to the existing explanation under Rule 3 are necessary.
TaxTMI 
TaxTMI 
