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

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Full Text of the Document

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....ID‑UP SHARE CAPITAL FOR THE PURPOSES OF RECKONING LIMITS UNDER SUB‑RULE (2) According to Explanation under rule 3, the permissible limits for acceptance of deposits under rule 3(2)(ii) of the said Rules are required to be computed with reference to the aggregate of the paid‑up share capital and free reserves appearing in the latest audited balance sheet of the company as reduced....