Statement regarding deposits existing on commencement of the Act requires companies to disclose deposit totals, breakdowns, and repayment arrangements. Form DPT-4 requires companies to disclose total deposits outstanding on commencement, number of depositors, and a categorical breakdown (deposits due but unpaid; interest due but unpaid; deposits due but unclaimed; interest due but unclaimed; deposits not yet due). Companies must report deposits due in the next three months, describe arrangements for repayment, attach an auditor's certificate and list of depositors, and provide a board-authorised, digitally signed declaration acknowledging compliance and penal consequences for false statements.
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.
Statement regarding deposits existing on commencement of the Act requires companies to disclose deposit totals, breakdowns, and repayment arrangements.
Form DPT-4 requires companies to disclose total deposits outstanding on commencement, number of depositors, and a categorical breakdown (deposits due but unpaid; interest due but unpaid; deposits due but unclaimed; interest due but unclaimed; deposits not yet due). Companies must report deposits due in the next three months, describe arrangements for repayment, attach an auditor's certificate and list of depositors, and provide a board-authorised, digitally signed declaration acknowledging compliance and penal consequences for false statements.
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