Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 u/s 74 of the said Act - Companies can repay deposits in accordance with t & c for which deposits were accepted.

Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 u/s 74 of the said Act - Companies can repay deposits in accordance with t & c for which deposits were accepted. https://www.taxtmi.com/circulars?id=53604 Depositors may apply to the adjudicatory body exercising tribunal powers for non-repayment, and companies may seek time extensions; companies may repay deposits accepted before commencement in accordance with the original terms and conditions, subject to conditions in the Acceptance of Deposits Rules, and registrars may initiate prosecution for failures to repay. en-us Thu, 18 Jun 2015 00:00:00 +0530 Fri, 19 Jun 2015 10:49:00 +0530 TaxTMI RSS Generator Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 u/s 74 of the said Act - Companies can repay deposits in accordance with t & c for which deposits were accepted. https://www.taxtmi.com/circulars?id=53604 Depositors may apply to the adjudicatory body exercising tribunal powers for non-repayment, and companies may seek time extensions; companies may repay deposits accepted before commencement in accordance with the original terms and conditions, subject to conditions in the Acceptance of Deposits Rules, and registrars may initiate prosecution for failures to repay. Circulars Companies Law Thu, 18 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53604