Companies (Acceptance of Deposits) Amendment Rules, 1997 - Insertion of sub-rule (1A) of rule 3 and sub-clause (iv) of rule 4(2)(k) of the Companies (Acceptance of Deposits) Rules, 1975

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.... 1997 Subject:- Companies (Acceptance of Deposits) Amendment Rules, 1997 - Insertion of sub-rule (1A) of rule 3 and sub-clause (iv) of rule 4(2)(k) of the Companies (Acceptance of Deposits) Rules, 1975 G.S.R. 155(E).- In exercise of the powers conferred by section 58A, read with section 642, of the Companies Act, 1956 (1 of 1956), the Central Government in consultation with the Reserve Bank ....

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....p;       (ii) after sub-clause (iii) of clause (k) of sub-rule (2) of rule 4 the following shall be inserted, namely :-           "(iv) that the company is not in default in the repayment of any deposit or part thereof and any interest thereupon in accordance with terms and conditions of such deposits.". [F. No. 1/2/9....