pre payment of FD

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

05 July 2011  

It has been asked in June 2011 CS company law exam of executive stage if a company which accepted deposits can pay it voluntarily before maturity to depositors without any application from holders.

 

Does acceptance of deposit rules 1975 conatin any provision as to this issue. I am unsure and hence decided to discuss