Section 74 of CA 2013 : Section 74: Repayment Of Deposits, Etc, Accepted Before Commencement Of This Act
CA 2013
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Explanation using Example
Imagine that XYZ Pvt. Ltd. accepted deposits from investors before the enactment of the Companies Act, 2013. After the Act came into force, XYZ Pvt. Ltd. realized that it still owed Rs. 50 lakhs in unpaid deposits and accrued interest to its investors. According to Section 74 of the Companies Act, 2013:
- XYZ Pvt. Ltd. must file a statement with the Registrar within three months, detailing all accepted deposits, the unpaid amounts, t...
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