TaxTMI 
TaxTMI 
Companies (Acceptance of Deposits) Amendment Rules, 2018
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.... (2) They shall come into force on 15 August, 2018 2. In the Companies (Acceptance of Deposits) Rules, 2014 (a) in rule 4, in sub-rule (1), after the proviso, the following proviso shall be inserted, namely: - "Provided further that a certificate of the statutory auditor of the company shall be attached in Form DPT-I, stating that the company has not committed default in the repayment of deposits or in the payment of interest on such deposits accepted either before or after payment of interest on such deposits accepted either before or after the commencement of the Act and in case a company had committed a default in the repayment of deposits accepted either before or after the commencemen....
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.... called the Companies (Acceptance of Deposits) Amendment Rules, 2018. (2) They shall come into force on 15 August, 2018 2. In the Companies (Acceptance of Deposits) Rules, 2014 (a) in rule 4, in sub-rule (1), after the proviso, the following proviso shall be inserted, namely:- "Provided further that a certificate of the statutory auditor of the company shall be attached in Form DPT-1, stating that the company has not committed default in the repayment of deposits or in the payment of interest on such deposits accepted either before or after 11 payment of interest on such deposits accepted either before or after the commencement of the Act and in case a company had committed a default in the repaymen....
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....ccupations of the directors; Management's perception of risk factors; (g). Details of default, including the amount involved, duration of default and present status, in repayment of - (i) statutory dues; (ii) debentures and interest thereon; (iii) loan from any bank or financial institution and interest thereon. 2. PARTICULARS OF THE DEPOSIT SCHEME (a) Date of passing of board resolution; (b) Date of passing of resolution in the general meeting authorizing the invitation of such deposits; (c) Type of deposits, i.e., whether secured or unsecured; (d) Amount which the company can raise by way of deposits as per the Act and the rules made thereunder, and the aggregate of deposits actually held on the l....
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.... of the company, before and after making provision for tax, for the three financial years immediately preceding the date of issue of circular or advertisement; (b) Dividends declared by the company in respect of the said three financial years; interest coverage ratio for last three years (Cash profit after tax plus interest paid or interest paid); (c) A summary of the financial position of the company as in the three audited balance sheets immediately preceding the date of issue of circular or advertisement; (d) Audited Cash Flow Statement for the three years immediately preceding the date of issue of circular or advertisement; (e) Any change in accounting policies during the last three years and their....
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.... given a chance to withdraw deposits without any penalty; (g) the deposits shall be used only for the purposes indicated in the Circular or circular in the form of advertisement; (h) the deposits accepted by the company (other than the secured deposits, if any, aggregate amount of which to be indicated) are unsecured and rank pari passu with other unsecured liabilities of the company. Attachments List of attachments " Attach 1. *Auditor's certificate; Attach 2. Optional attachment, if any. Attach 15 Remove attachment (ii) for Form DPT-3, the following Form shall be substituted, namely:- "FORM DPT-3 Return of deposits [Pursuant to rules 3 and 16 of the Companies (Acceptance of....
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....s on 1st April (b) Amount of deposits renewed during the year (c) Amount of new deposits accepted during the year (i) Secured deposits (ii) Unsecured deposits (d) Amount of deposits repaid during the year (e) Balance of deposits outstanding at the end of the year 10. (a) *Amount of deposits that have matured but not claimed Amount (in Rupees) 17 (b) *Amount of deposits that have matured and claimed but not paid 11. *Particulars of liquid assets (a) Amount of deposits maturing on or before 31st march next year and following next year (b) Amount required to be invested in liquid assets (c) Details of liquid assets Particulars (a) Amount in current or other deposits account, free from charge o....