https://www.taxtmi.com/article/detailed?id=6318 Acceptance of deposits under the Companies Act, 2013 mandates board authorised Form DPT 1 circulars to members, prescribed advertisement and filing requirements, mandatory deposit insurance (with company borne premium) and creation of security by charge to cover amounts not insured. Secured deposits must be held for depositors by appointed trustees under a trust deed (Form DPT 2) who must verify security and compliance and act on defaults. Companies must maintain specified registers, reserve funds for repayment, file audited returns (Form DPT 3) and comply with penalties and trustee protections for defaults and fraudulent acceptance. en-us Wed, 24 Jun 2015 09:51:50 +0530 Wed, 24 Jun 2015 09:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6318 Acceptance of deposits under the Companies Act, 2013 mandates board authorised Form DPT 1 circulars to members, prescribed advertisement and filing requirements, mandatory deposit insurance (with company borne premium) and creation of security by charge to cover amounts not insured. Secured deposits must be held for depositors by appointed trustees under a trust deed (Form DPT 2) who must verify security and compliance and act on defaults. Companies must maintain specified registers, reserve funds for repayment, file audited returns (Form DPT 3) and comply with penalties and trustee protections for defaults and fraudulent acceptance. Articles Corporate Laws / IBC / SEBI Wed, 24 Jun 2015 09:51:50 +0530 https://www.taxtmi.com/article/detailed?id=6318