Employees included in public means deposits from employees and ex employees fall within public deposit rules.
Employees and ex employees are to be regarded as part of the public and deposits accepted from them attract the statutory and regulatory framework governing public deposits; the statutory distinction between public and company members does not exclude employees or former employees from that ambit.

Free reserve classification of government subsidy depends on cash receipt, dedicated use and five years non recoverability.
Subsidy under the Central Government Outright Grant or Subsidy Scheme, 1971 may be treated as a Free Reserve under rule 2(d) of the Companies (Acceptance of Deposits) Rules, 1975 if three conditions are satisfied: the subsidy was received in cash; it is utilised for its intended purpose; and five years from commencement of production have lapsed without the subsidy becoming recoverable under the grant.

Authentication of Cost Audit Report must be signed by a responsible partner in own hand on behalf of approved firm.
Where a firm of cost auditors is approved for appointment, the cost audit report must be signed in the partner's own hand by the partner responsible for the audit, for and on behalf of the approved firm; mere affixation of the firm's name is not acceptable.

Net worth computation for deposit limits uses latest audited figures; post balance sheet changes are ignored.
Permissible deposit limits under Rule 3(2)(ii) are to be computed from the aggregate of paid up share capital and free reserves in the latest audited balance sheet, reduced by accumulated losses, deferred revenue expenditure and intangible assets disclosed there; any changes after that balance sheet date are to be disregarded for reckoning the limits.

Audit fee fixation now requires companies to factor rising service costs and inflation when recommending statutory auditors' fees.
Boards of directors of Government and deemed Government companies must follow existing audit fee fixation norms when recommending appointment or re fixation of statutory auditors and explicitly take into account the effect of rising service costs and inflation as additional factors in suggesting the quantum of audit fees.

Board Approval Requirement: applications for exemption must state board consent and attach the board resolution.
Companies applying for exemption under section 211(4) must indicate whether the application has board approval and must forward a copy of the board resolution; the board bears the duty to prepare, present and authenticate the balance sheet and profit and loss account, and the Central Government may grant exemption on the board's application or with its consent.

Convertible debentures: only the convertible portion is exempt from deposit rules; unconverted portion becomes deposit after conversion period.
Only the convertible portion of partly convertible debentures is exempt from the deposit definition under rule 2(b)(x); any debenture portion that remains unconverted after the conversion period will acquire the character of a loan and fall within the definition of deposits unless it is secured by mortgage of immovable property as excluded by the rule.