Deposit rate cap amended under companies rules, lowering the prescribed ceiling and updating corresponding form entries. Amendment to the Companies (Acceptance of Deposits) Rules, 1975 substitutes a lower prescribed interest rate in specified clauses of rule 3 and in multiple enumerated entries of the Form, including item 4, by textual replacement; the amendment takes effect on publication in the Official Gazette and does not modify other procedural or substantive requirements of the principal rules.
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Deposit rate cap amended under companies rules, lowering the prescribed ceiling and updating corresponding form entries.
Amendment to the Companies (Acceptance of Deposits) Rules, 1975 substitutes a lower prescribed interest rate in specified clauses of rule 3 and in multiple enumerated entries of the Form, including item 4, by textual replacement; the amendment takes effect on publication in the Official Gazette and does not modify other procedural or substantive requirements of the principal rules.
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