https://www.taxtmi.com/notifications?id=23764 Notification GSR 48(E) exempts specified small scale industrial units from section 58A of the Companies Act, 1956, provided they meet four cumulative conditions: a prescribed ceiling on paid up capital, acceptance of deposits from no more than a prescribed number of persons, no public invitation for deposits, and a prescribed cap on aggregate deposits (or the company's paid up capital, whichever is less). The notification defines small scale industrial unit by state registration and a prescribed investment ceiling in plant and machinery and adopts the Companies (Acceptance of Deposits) Rules, 1975 definition of "deposit." en-us Tue, 21 Jan 1986 00:00:00 +0530 Tue, 21 Jun 2011 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23764 Notification GSR 48(E) exempts specified small scale industrial units from section 58A of the Companies Act, 1956, provided they meet four cumulative conditions: a prescribed ceiling on paid up capital, acceptance of deposits from no more than a prescribed number of persons, no public invitation for deposits, and a prescribed cap on aggregate deposits (or the company's paid up capital, whichever is less). The notification defines small scale industrial unit by state registration and a prescribed investment ceiling in plant and machinery and adopts the Companies (Acceptance of Deposits) Rules, 1975 definition of "deposit." Notifications Companies Law Tue, 21 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23764