Refer circular 05/2015. To view the clarification. To view the rule, Click Here
a Specified IFSC public company which accepts from its members, monies not exceeding one hundred per cent. of aggregate of the paid up share capital and free reserves, and such company shall file the details of monies so accepted to the Registrar in such manner as may be specified vide Exemption Notification to specified IFSC Public Companies, GSR 08 (E) dated 04.01.2017. To view the notification Click Here
2. a private company which accepts from its members monies not exceeding one hundred per cent. of aggregate of the paid up share capital and free reserves, and such company shall file the details of monies so accepted to the Registrar in such manner as may be specified Inserted vide Notification no. G.S.R. 464(E) dated 5th June 2015.To view the notification, Click Here
Above mentioned exemption is substituted vide exemption notification to Private Companies dated 13th June, 2017.To view the notification Click Here
2. a private company-
(A) which accepts from its members monies not exceeding one hundred per cent. of aggregate of the paid up share capital, free reserves and securities premium account; or
(B) which is a start-up, for five years from the date of its incorporation; or
(C) which fulfils all of the following conditions, namely:-
(a) which is not an associate or a subsidiary company of any other company;
(b) if the borrowings of such a company from banks or financial institutions or any body corporate is less than twice of its paid up share capital or fifty crore rupees, whichever is lower; and
(c) such a company has not defaulted in the repayment of such borrowings subsisting at the time of accepting deposits under this section:
Provided that the company referred to in clauses (A), (B) or (C) shall file the details of monies accepted to the Registrar in such manner as may be specified.
(The exceptions, modifications and adaptations provided above shall be applicable only to those Private Companies which has not committed a default in filing its financial statements under section 137 of the said act or annual return under section 92 of the said act with the registrar).
Refer Companies (Acceptance of Deposits) rules,2014. To view the rule, Click Here
Refer Rule 4 – Companies(Acceptance of Deposits)Rules,2014.To view the rule, Click Here
Substituted vide Companies (Amendment) Act, 2017 dated 03.01.2018, w.e.f., 15.08.2018. To view the notification, Click Here
For Deposits maturing in the financial year 2020-21, this requirement shall be allowed to be complied with till December 31, 2020. To view the further relaxation circular dated 29.09.2020, Click Here .
For Deposits maturing in the financial year 2020-21, this requirement shall be allowed to be complied with till September 30, 2020. To view the further relaxation circular dated 19.06.2020, Click Here.
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.
" data-title="”( d )” Omitted vide Companies (Amendment) Act, 2017 dated 03.01.2018 w.e.f., 15.08.2018. To view the notification, Click Here
as may be prescribed Refer Rule 5 – Companies(Acceptance of Deposits)Rules,2014.To view the rule, Click Here
Refer Rule 73 National Company law Tribunal Rules 2016.To view the rule, Click Here
CLB to exercise powers until NCLT is setup and notified. To view the order, Click Here
