Ministry of Corporate Affairs vide
notification dated 11th May, 2017 has amended deposit rules. The
summary is as follows:
• Any amount received by a company
from Infrastructure Investment funds registered with SEBI will not be
considered as deposit.
• Further companies may accept
deposits without deposit Insurance contract till 31st March, 2018 or till the
availability of Insurance product whichever is earlier
The notification can be downloaded from
following link:
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