valid as on 23/09/2020

5.1.13-Companies (Acceptance of Deposits) Rules, 2014

13. Maintenance of liquid assets and creation of deposit repayment reserve account.-

Every company referred to in sub-section (2) of section 73 and every eligible company shall on or before the of each year deposit the sum as specified in clause (c) of the said sub-section with any scheduled bank and the amount so deposited shall not be utilised for any purpose other than for the repayment of deposits:

the amount remaining deposited shall not at any time fall below twenty per cent. of the amount of deposits maturing during the financial year.

Provided that the amount remaining deposited shall not at any time fall below fifteen per cent. of the amount of deposits maturing, until the end of the current financial year and the next financial year

For Deposits maturing in the financial year 2020-21, this requirement shall be allowed to be complied with till June 30, 2020. To view the relaxation circular dated 24.03.2020, Click Here.
Substituted vide Companies (Acceptance of Deposits) Amendment Rules, 2018 dated 5.07.2018. To view the notification,Click Here

The Companies (Acceptance of Deposits) Amendment Rules, 2018 dated 5.07.2018 w.e.f., 15.08.2018


MCA Circular dated 24.03.2020 on Special Measures under CA-2013 and LLP Act, 2008 in view of COVID-19 outbreak


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