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

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....81, dated 17‑2‑1982. Subject:- Public Deposits - Acceptance of ‑ Scope and provision of Companies (Acceptance of Deposits) Rules, 1975 explained Rule 3(1)(c) : CEILING ON RATE ....

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....ew any deposit at a rate of interest exceeding 15 per cent per annum. The restriction is that at the time of acceptance of deposits no company shall offer interest of more than 15 per cent.  More....