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of <h1>India Amends Rule 3 of Companies (Acceptance of Deposits) Rules, 1975 to Align Interest Rates with RBI Standards</h1> The Government of India, through the Ministry of Finance's Department of Company Affairs, has amended rule 3 of the Companies (Acceptance of Deposits) Rules, 1975. Effective upon publication in the Official Gazette, the amendment changes the interest rate clause in sub-rule (1), clause (c). Previously set at 'twelve and a half percent,' the revised rule now aligns the maximum interest rate with that prescribed by the Reserve Bank of India for Non-Banking Financial Companies on public deposits.
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