|
|
MCA extends timelines for creation of DRR upto 30th September, 2020
|
|
|
In view of the current pandemic situation caused by COVID-19, MCA has further relaxed the compliance timelines for following upto 30th September, 2020: - Requirement to create the Deposit Repayment Reserve of 20% of deposits maturing during the FY 2020-21;
- Requirement to invest or deposit at least 15% of amount of debentures maturing during the FY 2020-21.
The original date of compliance was April 30, 2020 which was previously, extended upto 30th June, 2020 vide Circular No. 11/2020 dated 24th March, 2020. Click here to view Circular
|
|
|
|
|
|
|
Back
|
|
|
|