Public Deposits - Acceptance of Scope and provision of Companies (Acceptance of Deposits) Rules, 1975 explained
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....ptance of Deposits) Rules, 1975 explained Rule 10 : SUBMISSION OF RETURN OF DEPOSITS WITH THE REGISTRAR Under rule 10 each non‑banking non‑financial company holding deposits is required to file with the Registrar of Companies, a return of deposits as on March 31 of a year in the prescribed form, on or before June 30 of that year. A copy of this return of deposits is required to b....
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....of deposits to the Reserve Bank resulted in inordinate delay in the publication of the findings of the surveys in the Bank's Bulletin. Thus the surveys as on 31‑3‑1975 and 1976 were published in October 1978 and December 1979, respectively, i.e., after a gap of three years and this delay did attract criticism for the Bank. In view of the position stated above, the Chambers of Commer....
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