https://www.taxtmi.com/acts?id=12797 Companies must deposit employee money or securities received under contracts of service promptly into a post office savings bank account or a special account in the State Bank of India or a Scheduled Bank, and, if the company is itself a Scheduled Bank, into a special account in itself or another Scheduled Bank; such funds may not be utilised except for purposes agreed in the contracts of service, and a receipt does not amount to a security for the purposes of this requirement. en-us Tue, 17 May 2011 11:51:40 +0530 Tue, 17 May 2011 11:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12797 Companies must deposit employee money or securities received under contracts of service promptly into a post office savings bank account or a special account in the State Bank of India or a Scheduled Bank, and, if the company is itself a Scheduled Bank, into a special account in itself or another Scheduled Bank; such funds may not be utilised except for purposes agreed in the contracts of service, and a receipt does not amount to a security for the purposes of this requirement. Act-Rules Companies Law Tue, 17 May 2011 11:51:40 +0530 https://www.taxtmi.com/acts?id=12797