Ministry Of Corporate Affairs has decided to make disclosure guidelines more strict and rigid. The FAQ’s related to Companies (Acceptance of Deposits) Amendment Rules, 2019 are provided below.
What are Companies (Acceptance of Deposits) Amendment Rules, 2019?
These are rules by Ministry of Corporate Affairs where every company other than Government companies need to submit a one time return covering from April 1, 2014, to January 22, 2019, on all outstanding receipts of money or loans that were taken, which are otherwise not considered deposits.
What is the amendment related to loans and receipts called?
The rule is called Companies (Acceptance of Deposits) Amendment Rules, 2019.
When were the Companies (Acceptance of Deposits) Amendment Rules, 2019 notified by RoC?
The notification w...