Can I read Understanding Company Deposit Regulations on EtoBox?
Understanding Company Deposit Regulations by kaveri GP is a document available to read on EtoBox.
What is Understanding Company Deposit Regulations about?
The Companies Act, 2013 defines deposits broadly and restricts public companies from accepting deposits unless they meet specific financial criteria, such as a net worth of ₹100 crore or an annual turnover of ₹500 crore. Companies must issue detailed circulars to invite deposits, but the Act lacks clear guidelines on these circulars, leading to potential noncompliance risks. Violations can result in penalties, including fines, imprisonment, and class action suits by depositors.
- Author
- kaveri GP
- Language
- EN