This notification, G.S.R. 548(E), issued by the Ministry of Corporate Affairs on September 7, 2020, amends the Companies Acceptance of Deposits Rules, 2014. These amendments, called the Companies Acceptance of Deposits Amendment Rules, 2020, come into effect on the date of their publication in the Official Gazette.
The key changes include:
* In rule 2, sub-rule 1, clause (c), sub-clause (xvii)(i), the term "five years" is replaced with "ten years."
* In rule 2, sub-rule 1, clause (c), the Explanation, in clause I, the reference to notification "G.S.R. 180(E) dated 17th February, 2016" is replaced with "G.S.R. 127(E), dated the 19th February, 2019," issued by the Department for Promotion of Industry and Internal Trade.
* In rule 3, sub-rule 3, second proviso, clause (i), the term "five years" is replaced with "ten years."
These amendments are made in exercise of the powers conferred by section 73 read with subsections 1 and 2 of section 469 of the Companies Act, 2013 (18 of 2013), and after consultation with the Reserve Bank of India.
K. V. R. Murty, Joint Secretary, is the designated contact.
The principal rules were initially published under G.S.R. 256(E) on March 31, 2014, and last amended under notification G.S.R. 341(E) on April 30, 2019.
Key Entities Referenced
Companies Act, 2013: A law enacted by the Parliament of India that regulates incorporation, operation, and winding up of companies in India.
Reserve Bank of India: India's central bank, responsible for the monetary policy and regulation of the banking system.
Companies Acceptance of Deposits Rules, 2014: Rules pertaining to the acceptance of deposits by companies, as governed by the Companies Act, 2013.
Ministry of Corporate Affairs: The Indian government ministry responsible for administering the Companies Act 2013 and other laws related to companies and Limited Liability Partnerships.
New Delhi: The capital of India, where the notification was issued.
G.S.R. 548 E: An order number pertaining to the notification issued by the Ministry of Corporate Affairs.
Department of Industrial Policy and Promotion: A department under the Ministry of Commerce and Industry, Government of India, responsible for formulation and implementation of promotional and developmental measures for accelerating industrial development.
Department for Promotion of Industry and Internal Trade: A department under the Ministry of Commerce and Industry, Government of India, responsible for promotion of industry and internal trade.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99
सी.जी.-डी.एल.-अ.-07092020-221594
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 442] नई दिल्ली, सोमर्ार, जसतम्ब र 7, 2020/भाद्र 16, 1942
No. 442] NEW DELHI, MONDAY, SEPTEMBER 7, 2020/BHADRA 16, 1942
कारपोरेट कार् य मत्रं ालर्
अजधसचू ना
नई दिल्ली, 7 सितम्ब र, 2020
सा.का.जन. 548(अ).—केंद्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 469 की उपधारा
(1) और उपधारा (2) के साथ पठित धारा 73 द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए भारतीर् ठरिर्य बैंक के साथ
परामिय करके कंपनी (िमाओं की स्ट्र्ीकृजत) जनर्म, 2014 म ें और संिोधन करन े हते ु जनम्नजलजखत जनर्म बनाती ह,ै
अथायत:् -
1. (1) इन जनर्मों का संजिप्त नाम कंपनी (िमाओं की स्ट्र्ीकृजत) संिोधन जनर्म, 2020 ह ै
(2) र् ेजनर्म रािपत्र म ेंइनके प्रकािन की तारीख से प्रर्ृत्त होंगे
2. कंपनी (िमाओं की स्ट्र्ीकृजत) जनर्म, 2014 (जिसे इसम ें इसके पश्चात ् उि जनर्म कहा गर्ा ह)ै , जनर्म 2 म,ें
उपजनर्म (1) म,ें खडं (ग) म,ें उपखंड (xvii) म,ें-
(i) “पांच र्र्य” िब्िों के जलए “िस र्र्य” िब्ि रखे िाएगं ;े
(ii) स्ट्पष्टीकरण में, खंड I में, “औद्योजगक नीजत और संर्धयन जर्भाग, र्ाजणज्र् और उद्योग मंत्रालर् द्वारा िारी
सा.का.जन.180(अ) तारीख 17 फरर्री, 2016” अिरों, अकं ों, कोष्ठकों और िब्िों के जलए “उद्योग और आंतठरक
व्यापार संर्धयन जर्भाग द्वारा िारी सा.का.जन.127(अ) तारीख 19 फरर्री, 2019 अिर, अंक, कोष्ठक और िब्ि रख े
िाएंगे
4134 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
3. उि जनर्मों में, जनर्म 3 म,ें उप-जनर्म (3) में, जद्वतीर् परंतकु में, खंड (i) में, “पांच र्र्य” िब्िों के जलए “िस
र्र्य” िब्ि रखे िाएंगे
[फा.सं.1/8/2013-सीएल.V र्ीओएल VI]
के.र्ी.आर. मूर्त,य संर्ुि सजचर्
ठटप्पण : मलू जनर्म सा.का.जन. संख्र्ा 256(अ) तारीख 31 माचय, 2014 द्वारा भारत के रािपत्र असाधारण, भाग II,
खंड 3, उपखंड (i) में प्रकाजित दकए थे और अंजतम बार सिं ोधन अजधसूचना संख्र्ा सा.का.जन. 341(अ)
तारीख 30 अप्रलै , 2019 द्वारा दकर्ा गर्ा
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 7th September, 2020
G.S.R. 548 (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 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, 2020.
(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 (hereinafter referred to as the said rules), in rule 2,
in sub-rule (1), in clause (c), in sub-clause (xvii), -
(i) for the words “five years”, the words “ ten years” shall be substituted;
(ii) in the Explanation, in clause I, for the letters, figures, brackets and words “G.S.R. 180 (E) dated 17th
February, 2016 issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and
Industry”, the letters, figures, brackets and words “G.S.R. 127 (E), dated the 19th February, 2019 issued by the
Department for Promotion of Industry and Internal Trade ” shall be substituted.
3. In the said rules, in rule 3, in sub-rule (3), in the second proviso, in clause (i), for the words “five years”,
the words, “ten years” 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. 341(E), dated the 30th April, 2019.
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