GIRISH
(Querist) 01 December 2012
This query is : Resolved
A Public Ltd Company accepted Deposits from Public In month of October without complying with law provisions. What are the consequences and remedy available to Company.
ajay sethi
(Expert) 01 December 2012
academic query
R.K Nanda
(Expert) 01 December 2012
state full facts.
GIRISH
(Querist) 01 December 2012
Full facts of case Company accepetd deposits of Rs. 2.5 Cr in month of Oct 2012 with out any compliance such as issue of advertisment, so company wants to do all compliance, applicable to acceptence of deposits.
Guest
(Expert) 01 December 2012
If you know provisions of sec.58A, you could also have got the answer by going through subsequent sections. You may better read sections 58AA & 58AAA for solution to your query.
Raj Kumar Makkad
(Expert) 01 December 2012
I have nothing to add as all experts have clearly shown you mirror.
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