APPLICATION TO NATIONAL COMPANY LAW TRIBUNAL (NCLT) FOR REPAYMENT OF DEPOSIT UNDER SECTION 73(4) OF THE COMPANIES ACT, 2013
As per Section 73 (4) of the Companies Act, 2013, where a company fails to repay the deposit or part thereof or any interest thereon, the depositor concerned may apply to the National Company Law Tribunal (hereinafter to be referred as “NCLT”) for an order directing the company to pay the sum due or for any loss or damage incurred by him as a result of such non-payment and for such other orders as the NCLT may deem fit.
Procedure to make application before NCLT:
(a) full name, age, father’s/ mother’s/ spouse’s name, occupation and full residential address;
(b) fixed deposit receipt number or debenture certificate number, as the case may be;
(c) date of maturity;
(d) amount due to the person by the company;
(e) amount already paid by the company, if any;
(f) total amount due as on the date on the application:
(Author can be reached at firstname.lastname@example.org or at Ph: 011-42178464)
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