MANU/DCAF/0100/2020

Ministry : Ministry of Corporate Affairs

Notification No. : GSR548(E)

Date of Notification : 07.09.2020

Date of Publication : 07.09.2020

Notification/ Circulars Referred : G.S.R. 180 (E) dated 17th February, 2016 MANU/INDP/0004/2016;G.S.R. 127 (E), dated the 19th February, 2019 MANU/INDP/0007/2019;Notification number G.S.R. 341(E), dated the 30th April, 2019 MANU/DCAF/0055/2019

Citing Reference:
G.S.R. 180 (E) dated 17th February, 2016 MANU/INDP/0004/2016  Referred

G.S.R. 127 (E), dated the 19th February, 2019 MANU/INDP/0007/2019  Referred

Notification number G.S.R. 341(E), dated the 30th April, 2019 MANU/DCAF/0055/2019  Referred

Companies (Acceptance of Deposits) Amendment Rules, 2020

G.S.R.548(E).--In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government in consultation with the Reserve Bank of India, hereby makes the following rules further to amend the Companies (Acceptance of Deposits) Rules, 2014, namely:-

1.     (1) These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2020.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Acceptance of Deposits) Rules, 2014 (hereinafter referred to as the said rules), in rule 2, in sub-rule (1), in clause (c), in sub-clause (xvii), -

(i) for the words "five years", the words " ten years" shall be substituted;

(ii) in the Explanation, in clause I, for the letters, figures, brackets and words "G.S.R. 180 (E) dated 17th February, 2016 issued by the Depa........