Public Deposits - Acceptance of Scope and provision of Companies (Acceptance of Deposits) Rules, 1975

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Full Text of the Document

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....(b) : WHETHER RETENTION OF BALANCE PAYMENT OF DEPOSIT AMOUNTS TO RENEWAL Query : The constituent company has incurred losses in the last year and its paid‑up capital and reserves have depleted. As a result, the deposits already accepted by the company have crossed the maximum permissible limit prescribed under the Rules. The deposits accepted by the company are for a period exceeding six mo....