Topic 1: Quick Reference to "DEPOSITS"

Quick Reference to "Deposits:-
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Legal Provision:-
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Section 73 to 76A of Companies Act, 2013
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Companies Acceptance of Deposits Rules, 2014.
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Ceiling Limit/ Quantum for acceptance of Deposits:-
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1. Private Company:-
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From members:-
Upto 100% of aggregate paid up capital + Free reserves+ securities premium.
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From Public:-
Prohibited
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2. Public Company ( other than eligible company) :-
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From members:-
Upto 35% of aggregate paid up capital + free reserves.
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From Public:-
Prohibited.
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3. Eligible company:-
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From members:-
Upto 10% of aggregate paid up capital + Free reserves.
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From Public:-
Upto 25% of aggregate paid up capital + free reserves.
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4. Government Company:-
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From members:-
Quantum not specified. ( Not allowed)
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From Public:-
Upto 35% of aggregate paid up capital + Free reserves.
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Note:-
Eligible company means a public company having Net worth of minimum 100 cr ₹ or Turnover of minimum 500 cr ₹ .
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Regards
ACA SOURAV BAGARIA