Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 u/s 74 of the said Act - Companies can repay deposits in accordance with t & c for which deposits were accepted.

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.... Ministry of Corporate Affairs 5^th Floor, A Wing, Shastri Bhavan,  Dr R.P. Road, New Delhi Dated: 18^th June, 2015 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74 of the said Act Sir, This Ministr....

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....e,  2014 and Removal of Difficulties (Fourth) Order [S.O.  1460(E)] dated 6^th  June, 2014, the Company Law Board has been empowered to exercise the powers of National Company Law Tribunal under sub-section (4) of section 73 and sub section (2) of section 74 of the said Act, till the latter's constitution.  Thus, a depositor is free to file an application under section 73(4....