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 ??????
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 .
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?
CAclubindia
