The Companies (Acceptance of Deposits) Amendment Rules, 2018

MINISTRY OF CORORATE AFFAIRS
NOTIFICATION
New Delhi, the 5th July, 2018

G.S.R. 612(E).— In exercise of the powers conferred by section 73 and section 74 read with subsection (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central
Government in consultation with the Reserve Bank of India , hereby makes the following rules further to
amend the Companies (Acceptance of Deposits) Rules, 2014, namely:-
1. (1) These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2018.
(2) They shall come into force on 15th
August, 2018
2. In the Companies (Acceptance of Deposits) Rules, 2014
(a) in rule 4, in sub-rule (1), after the proviso, the following proviso shall be inserted,
namely:—
“Provided further that a certificate of the statutory auditor of the company shall be attached in
Form DPT-1, stating that the company has not committed default in the repayment of deposits
or in the payment of interest on such deposits accepted either before or after the
commencement of the Act and in case a company had committed a default in the repayment
of deposits accepted either before or after the commencement of the Act or in the payment of
interest on such deposits, a certificate of the statutory auditor of the company shall be
attached in Form DPT-1, stating that the company had made good the default and a period of
five years has lapsed since the date of making good the default as the case may be.”;
(b) rule 5 shall be omitted;
(c) in rule 13, for the proviso, the following shall be substituted, namely:-
“Provided that the amount remaining deposited shall not at any time fall below twenty per cent. of the amount
of deposits maturing during the financial year.”;
(d) in rule 14, in sub-rule (1), clause (k) shall be omitted