TaxTMI 
TaxTMI 
Three notifications regarding Companies Act
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....hree notifications regarding Companies Act <br>News and Press Release<br>Dated:- 11-6-2014<br><BR>The Ministry has issued three notifications with regard to provisions of the Companies Act, 2013 (Act)....
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.... /Rules made there under for acceptance of deposits by companies. In view of the suggestions received from the stakeholders to give transitional period for complying with the deposit insurance require....
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....ments, the amendment in the relevant rule has been made allowing companies to accept deposits without deposit insurance for one year i.e. till 31.03.2015. Further, with a view to allow relief to compa....
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....nies facing difficulties in repayment of deposits, provisions of section 74(2) & (3) of the Act have been brought into force with effect from 6th June, 2014 and the Company Law Board (CLB) has been al....
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....lowed to exercise the powers to allow further time to companies for repayment of deposits/interest in certain cases. These notifications are available on the Ministry's website at www.mca.gov.in<BR> ....
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....News - Press release - PIB....