the companies (accepatance of deposits) rules 1975
This query is : Open
04 February 2010
Comapny required 3 years audited balance sheet for acceptance of deposit , if company has 1 year audited balance sheet
so can comapny accept deposit form public ??????
so can comapny accept deposit form public ??????
05 February 2010
If your co. is only 1 year old than one year Balance sheet will do.
But If your co. is more than 1 year old than one year Balance sheet will not be enough.
For example
One year old co.== One year BS
Two year old co.== Two year BS
Three year old co.== Three year BS
Five year old co.== Last Three year BS
But If your co. is more than 1 year old than one year Balance sheet will not be enough.
For example
One year old co.== One year BS
Two year old co.== Two year BS
Three year old co.== Three year BS
Five year old co.== Last Three year BS
06 February 2010
sir i agree ur views but in rule of acceptance deposit 1975 its in mention that when company invite to public there is some requirments mention in rule 4 of the same. thats company required 3 years bs . if u have any rule or any section which mention that company not required 3 years bs or a newly incorporate company can accept deposit . or any company compleat there 2 years .
sir thanks for ur time
n thanks to reply :)
sir thanks for ur time
n thanks to reply :)
06 February 2010
Amir, my reply was based on general practice followed in ROC. Like when we change the name of co. this method is perfectly fine.
However ur concerned is also correct as there may be some different method for deposit application. It would be better to have a chat with ROC people. What say?
However ur concerned is also correct as there may be some different method for deposit application. It would be better to have a chat with ROC people. What say?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
