Section 73 to 76 of the Companies Act, 2013 read with Companies (Acceptance of Deposits)
Rules, 2014 made under Chapter V of the Act regulate the invitation and acceptance of deposits. It
prohibits acceptance of deposits except from the members
through ordinary
resolution or acceptance deposits by ‘’eligible company’’ being a public company, subject to conditions specified in the rules. (Eligible company is defined under the rules based on net worth and turnover).
resolution or acceptance deposits by ‘’eligible company’’ being a public company, subject to conditions specified in the rules. (Eligible company is defined under the rules based on net worth and turnover).
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