Filing requirement: Intimations and petitions for default on matured deposits and debentures must use Form No.1. Regulatory amendments expand existing provisions to cover debenture defaults alongside deposit defaults, introduce Regulation 42A mandating that intimations under the small depositor provision and petitions under the debenture default provision be filed in Form No.1, and revise Annexure II and III forms to insert debenture-holder terminology, update cross-references, and prescribe detailed documentary requirements for petitions about repayment defaults, including officer particulars, full lists of depositors or debenture holders, reasons for non-payment, recent annual reports, audited cash flow projections for deposit-related matters, and prospectus and trust deed copies for debenture petitions.
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.
Filing requirement: Intimations and petitions for default on matured deposits and debentures must use Form No.1.
Regulatory amendments expand existing provisions to cover debenture defaults alongside deposit defaults, introduce Regulation 42A mandating that intimations under the small depositor provision and petitions under the debenture default provision be filed in Form No.1, and revise Annexure II and III forms to insert debenture-holder terminology, update cross-references, and prescribe detailed documentary requirements for petitions about repayment defaults, including officer particulars, full lists of depositors or debenture holders, reasons for non-payment, recent annual reports, audited cash flow projections for deposit-related matters, and prospectus and trust deed copies for debenture petitions.
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