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of <h1>2017 Amendment: IFSC Companies Can Accept Deposits Up to 100% of Capital; Start-ups Get Special Exceptions.</h1> The Companies (Acceptance of Deposits) Second Amendment Rules, 2017, effective from their publication date, amend the 2014 rules. The amendment allows Specified IFSC Public companies and private companies to accept deposits from members up to 100% of their paid-up share capital, free reserves, and securities premium account, requiring them to file details with the Registrar using Form DPT-3. Exceptions to the deposit limit apply to start-ups within five years of incorporation and certain private companies meeting specific conditions, such as not being an associate or subsidiary and having limited borrowings without defaults.
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