Section 73 Of Companies Act
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With effect from 1 may 2011 editorial note.
Section 73 of companies act. Clarification with regard to creation of deposit repayment reserve of 20 u s. 71 of 2008 for a better understanding of the provisions that are still applicable. Special measures under companies act 2013 ca 2013 and limited liability partnership act 2008 in view of covid 19 outbreak.
Prohibition on acceptance of deposits from public. To repeal the companies act 1973 act no. Recurring deposits periodic interval.
61 of 1973 and make amendments to the close corporations act 1984 act no. 69 of 1984 as necessary to provide for a consistent and harmonious regime of business incorporation. 1 every company intending to offer shares or debentures to the public for subscription by the issue of a prospectus shall before such issue make an application to one or more recognised stock exchanges for permission for the shares or debentures intending to be so offered to be dealt with in the stock exchange or each such stock exchange.
73 2 c of the companies act 2013 and to invest or deposit 15 of amount of debentures u r 18 of companies share capital and. Changes over time for. 224 1 of the companies act no.
Provided that nothing in this sub section shall apply to a banking company and nonbanking. Public take deposit from member and public. Renew deposits under this act from the public except in a manner provided under this.
Private take deposit from member only. Provided that nothing in this sub section shall apply to a banking company and non banking financial company as defined in the reserve bank of india act 1934 2 of 1934 and to such other company as the central government. Applicable to public as well as private company.
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Related Party Transactions Section 188 Companies Act 2013 Acting Company Corporate Law
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