Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 u/s 74 of the said Act - Companies can repay deposits in accordance with t & c for which deposits were accepted.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Repayment of deposits: companies may repay pre-commencement deposits per original terms and registrars may prosecute for defaults. Depositors may apply to the adjudicatory body exercising tribunal powers for non-repayment, and companies may seek time extensions; companies may repay deposits accepted before commencement in accordance with the original terms and conditions, subject to conditions in the Acceptance of Deposits Rules, and registrars may initiate prosecution for failures to repay.
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.
Repayment of deposits: companies may repay pre-commencement deposits per original terms and registrars may prosecute for defaults.
Depositors may apply to the adjudicatory body exercising tribunal powers for non-repayment, and companies may seek time extensions; companies may repay deposits accepted before commencement in accordance with the original terms and conditions, subject to conditions in the Acceptance of Deposits Rules, and registrars may initiate prosecution for failures to repay.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
