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Acceptance of Deposits Amendement Rules
Acceptance of Deposits Amendement Rules
Acceptance of Deposits Amendement Rules
Government of lndia
Ministry of Corporate Affails
Notification
G.S.R. (E). - In cxercise o{ the powers conferred by sections 73 and 76 read with sub-
section- (1) of section 469 ol the Companies Act, 2013 (18 of 2013), the Cenhal
Government hereby makes the following rules further to amend thc Companies
1. (1) These rules may be called the Companies (Acceptance of Deposits) Second
Amendment Rules, 2015,
(2) They shall come into force on the date of their Publication in the Official Gazette'
said rules), in rule 2, in sub-rule (1), in clause (c), for sub-clausc (viii), the following
shall
be substituted, namelY:-
"(viii) any amount received from a Pe$on who, at the time of the receiPt of the
amount, was a director of the company or a relative of the director of the Privatc
comPany:
Provided that the dilector of the comPany or rclativc of the director of the
private company, as the case may bc, from whom money is rcceived, furnishes to
the company at thc time of giving thc money, a declaration in wdting to the
effect that the amount is not being Siven out of funds acquired by him bv
borrowing or accepting loans or dePosits from othels and the company shall
disclose the details of money so accePted in the Board's report;"'
(a) for the words "paid-uP share caPital and free reserves", wherever they occur,
the words "Paid-uP share caPital, free leserves and securities premium account"
shall be substituted;
(b) in sub-rule (8), in the Table, for item (e) and entries lelating thereto the
following shall be substituted, namelyi
[File No 1/8/2013-CL-V]
n-ffor1x'r
Amardeep Sin$h Bhatia
Joint Scretary
Part
Note. - The principal rules were published in the Gazette of India, Extlaordinary'
it, S""tion g, toU-t" ctio (i) aide number G.S R. 256(E), dated the 31"t Marclr 2014 and
G S.R. 386(E), dated the 6th June' 2014 and
-"iu ,obruqu"r,tly modlfie,t t ide number
c.S.R. 241(E), dated the 31"tMarcb 2015.
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