banner_ad

Section 58A

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 November 2009 Can somebody help me with what is the procedure under section 58A deposis not to be invited without issuing an advertisement?? Any application to be made to any government authorities? and if yes, what documents required and how to go about it?
Profile Image

CS Pawan Kumar Baid

Profile Image

CS Pawan Kumar Baid (Expert)
17 December 2009 Rule 4A of the Companies (Acceptance of Deposit) Rules provides that every company intending to accept deposit without inviting deposit shall file with RoC a statement in lieu of Advertisement containing the same particulars as in case of advertisement and signed in the same manner. Validity period shall also be same.

So prepare and advertisement and dont publish it in newspaper but send it to RoC and it will be called "Statement in lieu of Advertisement".

Regards
CS Pawan Kumar Baid
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details