https://www.taxtmi.com/notifications?id=23915 Amendment defines net owned fund by reference to the Reserve Bank of India Act and prohibits companies below the prescribed net owned fund threshold from inviting public deposits. It also adds a penal interest regime for overdue public deposits, applying a higher compoundable annual penal rate to deposits made by small depositors, and directs commencement upon publication in the Official Gazette. en-us Wed, 28 Nov 2001 00:00:00 +0530 Thu, 23 Jun 2011 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23915 Amendment defines net owned fund by reference to the Reserve Bank of India Act and prohibits companies below the prescribed net owned fund threshold from inviting public deposits. It also adds a penal interest regime for overdue public deposits, applying a higher compoundable annual penal rate to deposits made by small depositors, and directs commencement upon publication in the Official Gazette. Notifications Companies Law Wed, 28 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23915