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The question is regarding the Acceptance of Deposits under the Companies Act, 2013. Certain section of people are of view that as pet the Rule 2 (c) (xi) a company can accept deposits which are non interest bearing from anybody. Though i differ on this personally. Your expert guidance on the matter shall be highly appreciated.

Company Secretary

Posted By: Vishal arora 10 year(s) ago

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SUSHIL KUMAR ANTAL

As per Rule 2(c)(xi) of Companies (Acceptance of Deposits) Rules 2014 any non-interest bearing amount received or held in trust. It means any amount received from anybody under Trust. The object of the company is not to do any work as trustee unless and until specify for any specific purpose.So this is not a general clause.

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