This notification, G.S.R. 341(E), issued by the Ministry of Corporate Affairs on April 30, 2019, enacts the Companies Acceptance of Deposits Second Amendment Rules, 2019. These rules amend the Companies Acceptance of Deposits Rules, 2014, in exercise of powers conferred by section 73 read with subsections 1 and 2 of section 469 of the Companies Act, 2013. The amendment, specifically addresses rule 16A subrule 3, replacing the phrase "the date of publication of this notification in the Official Gazette" with "31st March, 2019" and "ninety days from the date of said publication of this notification" with "ninety days from 31st March, 2019". The rules take effect on the date of their publication in the Official Gazette. The notification number is F. No. 18/20/13/CL-V Vol. VI. Contact K. V. R. Murty, Jt. Secy. for queries. The principal rules were published under G.S.R. 256(E) on March 31, 2014, and last amended under G.S.R. 42(E) on January 22, 2019.
Key Entities Referenced
Companies Act, 2013: A law, specifically sections 73 and 469, that empowers the Central Government to create rules regarding company deposits.
Central Government: The governing authority responsible for making rules related to company deposits, as per the Companies Act, 2013.
Companies Acceptance of Deposits Rules, 2014: The existing rules that are being amended by this notification regarding the acceptance of deposits by companies.
Companies Acceptance of Deposits Second Amendment Rules, 2019: The title of the new rules that amend the existing Companies Acceptance of Deposits Rules, 2014.
Ministry of Corporate Affairs: The government ministry issuing the notification.
New Delhi: The location where the notification was issued.
K. V. R. Murty: The Joint Secretary who signed the notification.
31st March, 2019: A specific date mentioned in the amendment, used as a reference point for calculating deadlines.
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2309 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 30thApril, 2019
G.S.R. 341(E).—In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) of section
469 of the Companies Act, 2013 (18 of 2013), the Central Government 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) Second Amendment Rules, 2019.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Acceptance of Deposits) Rules, 2014, in rule 16A, in sub-rule (3), -
(a) for the words “the date of publication of this notification in the Official Gazette”, the figures, letters and word
“31st March, 2019” shall be substituted;
(b) for the words “ninety days from the date of said publication of this notification”, the words, figures and letters
“ninety days from 31st March, 2019” shall be substituted.
[F. No. 1/8/2013-CL-V. Vol. VI]
K. V. R. MURTY, Jt. Secy.
Note. - The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide
number G.S.R. 256(E), dated the 31st March, 2014 and were last amended vide notification number
G.S.R. 42(E ), dated the 22nd January, 2019.
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