AB Ltd. whose net worth is of ₹51 crore and annual turnover of ₹400 crore as per the latest audited financial statements intends to accept deposits from the general public. In this scenario answer the following questions

CS Executive · Company Law · PYQS · December 2022
AB Ltd. whose net worth is of ₹51 crore and annual turnover of ₹400 crore as per the latest audited financial statements intends to accept deposits from the general public. In this scenario answer the following questions as per the provisions of the Companies Act, 2013 (the Act). (iii) As an eligible company for accepting deposits, what are the forms need to be filed by the company for acceptance of deposits?

Answer & Explanation:

The forms to be submitted are Form MGT-14, Form DPT-1 (Circular in the form of advertisement inviting deposits), DPT-2 (Deposit Trust Deed), DPT-3 (Return of Deposits) and DPT-4 (Statement regarding deposits existing on the commencement of the Act), and CHG-1.

Topics: Acceptance of Deposits by Companies

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