Company deposit circulars must disclose deposit scheme particulars, financials, defaults, credit rating and directors' declarations. Form DPT-1 mandates that a circular inviting deposits disclose company identity and management, particulars of the deposit scheme (authorisations, type, amounts, terms, schedule, purpose, credit rating and security), details of outstanding deposits and defaults, audited financials for the preceding three years, and a directors' declaration confirming compliance, remediation of prior defaults, the company's one year solvency assessment, permitted use of deposits, pari passu treatment of unsecured deposits and withdrawal rights on adverse credit rating.
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Company deposit circulars must disclose deposit scheme particulars, financials, defaults, credit rating and directors' declarations.
Form DPT-1 mandates that a circular inviting deposits disclose company identity and management, particulars of the deposit scheme (authorisations, type, amounts, terms, schedule, purpose, credit rating and security), details of outstanding deposits and defaults, audited financials for the preceding three years, and a directors' declaration confirming compliance, remediation of prior defaults, the company's one year solvency assessment, permitted use of deposits, pari passu treatment of unsecured deposits and withdrawal rights on adverse credit rating.
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