Companies (Acceptance of Deposits) Amendment Rules, 2001

MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS

DEPARTMENT OF COMPANY AFFAIRS

NEW DELHI, THE 25^th MAY, 2001

NOTIFICATION

G.S.R.385(E) – In exercise of the powers conferred by section 58A read with section 642 of the Companies Act, 1956 ( 1 of 1956), 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, 1975, namely :-

1. (1) These rules may be called the Companies ( Acceptance of Deposits ) Amendment Rules, 2001.

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

2. In the Companies ( Acceptance of Deposits ) Rules, 1975,–

(a) in rule 3, in sub-rule (1), in clause (c ) for the words ” fifteen per cent”, the words “fourteen per cent” shall be substituted;

(b) in the Form, in part I,

in item 2, in sub-item (b), —

(A) in entry (vi), for the figures “15” the figures “14” shall be substituted;

(B) in entry (vii), for the figures “15” the figures “14” shall be substituted;

(C) in entry (viii), for the figures “15” the figures “14” shall be substituted;

(c) in item 4, in sub-item (b), —

(A) in entry (vi), for the figures “15” the figures “14” shall be substituted;

(B) in entry (vii), for the figures “15” the figures “14” shall be substituted;

(C) in entry (viii), for the figures “15” the figures “14” shall be substituted.

(F.NO. 5/12/2001-CL.V)

RAMASWAMY

Joint Secretary

NOTE : The Companies (Acceptance of Deposits) Rules, 1975 published vide Notification No. G.S.R. 43(E) dt. 3-2-1975, Part II, Section 3, Sub-section i) of the Gazette of India (Extraordinary) dated 3-2-1975, subsequently amended by

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