Interest-rate categorisation revised for deposit acceptance; Form Part I now lists structured rate bands and totals for reporting. The amendment substitutes the sub-items in Part I of the Form to the Companies (Acceptance of Deposits) Rules, 1975 for item 2(b) and item 4(b) with a set of discrete interest-rate categories-including a free-of-interest category, ascending rate bands, a midpoint band, an above-midpoint band-and assigns specific reporting codes plus an aggregate 'Total' code for each item.
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Interest-rate categorisation revised for deposit acceptance; Form Part I now lists structured rate bands and totals for reporting.
The amendment substitutes the sub-items in Part I of the Form to the Companies (Acceptance of Deposits) Rules, 1975 for item 2(b) and item 4(b) with a set of discrete interest-rate categories-including a free-of-interest category, ascending rate bands, a midpoint band, an above-midpoint band-and assigns specific reporting codes plus an aggregate 'Total' code for each item.
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