https://www.taxtmi.com/acts?id=15508 Companies are prohibited from accepting public deposits except as provided; they may accept deposits from members only after a members' resolution and compliance with prescribed conditions: issuing and filing a circular with specified financial disclosures, maintaining a deposit repayment reserve account in a scheduled bank at the prescribed level, providing deposit insurance, certifying no prior default, and providing security or labelling deposits as unsecured. Such deposits must be repaid with interest per agreed terms and depositors may apply to the Tribunal for recovery on default. en-us Tue, 20 Dec 2011 11:53:26 +0530 Tue, 20 Dec 2011 11:53:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15508 Companies are prohibited from accepting public deposits except as provided; they may accept deposits from members only after a members' resolution and compliance with prescribed conditions: issuing and filing a circular with specified financial disclosures, maintaining a deposit repayment reserve account in a scheduled bank at the prescribed level, providing deposit insurance, certifying no prior default, and providing security or labelling deposits as unsecured. Such deposits must be repaid with interest per agreed terms and depositors may apply to the Tribunal for recovery on default. Act-Rules Bill Tue, 20 Dec 2011 11:53:26 +0530 https://www.taxtmi.com/acts?id=15508