https://www.taxtmi.com/circulars?id=10972 Announcements that merely notify alterations in deposit terms, including changes in interest rates, are amendments to earlier statutory advertisements and do not amount to an invitation of deposits. If the announcement, however, indicates continued acceptance of deposits, higher rates for renewals or fresh deposits, or availability of application forms with the company or its agents, it constitutes an invitation of deposits and must be published in the statutory form prescribed by the Companies (Acceptance of Deposits) Rules; non compliance attracts statutory penalties. en-us Fri, 20 Feb 1981 00:00:00 +0530 Mon, 20 Jun 2011 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10972 Announcements that merely notify alterations in deposit terms, including changes in interest rates, are amendments to earlier statutory advertisements and do not amount to an invitation of deposits. If the announcement, however, indicates continued acceptance of deposits, higher rates for renewals or fresh deposits, or availability of application forms with the company or its agents, it constitutes an invitation of deposits and must be published in the statutory form prescribed by the Companies (Acceptance of Deposits) Rules; non compliance attracts statutory penalties. Circulars Companies Law Fri, 20 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10972