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First Notes - 6 February 2019

First Notes - 6 February 2019

MCA further amends deposit norms - mandatory return for all amounts not considered as deposits

1000

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On 22 January 2019, the Ministry of Corporate Affairs (MCA) through its notification issued the Companies (Acceptance of Deposits) Amendment Rules, 2019 which makes certain amendments to the Companies (Acceptance of Deposit) Rules, 2014 (Deposit Rules).

The amendments have come into force from the date of their publication in the official gazette i.e. 22 January 2019.

This issue of First Notes provides a summary of the amendments made to the Deposit Rules.

To access the text of the MCA notification, please click here.

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