Section 73 — Prohibition on Acceptance of Deposits from Public
Section 73 Companies Act 2013 explained for CA Inter: rules for accepting deposits from members, 20% reserve requirement, ROC filing, and NC
Paper 2 — Corporate & Other Laws · Chapter
Acceptance of Deposits
Companies Act 2013 sections 73–76A governing acceptance of deposits by companies from members and the public, including repayment, reporting and penalties. Frequently asked for 4–6 marks.
5 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
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2
Section 74 — Repayment of Deposits Accepted Before Commencement
Section 74 Companies Act 2013: Rules for repaying old deposits accepted before the Act — filing deadlines, repayment timeline, NCLT relief &
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3
Section 75 — Damages for Fraud (Failure to Repay)
Section 75 Companies Act 2013: Officers face unlimited personal liability for fraudulent deposits. Key CA Inter exam topic on depositor prot
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4
Section 76 — Acceptance of Deposits by Eligible Public Companies
Section 76 Companies Act 2013 explained for CA Inter: who can accept public deposits, credit rating rules, and 30-day charge creation requir
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5
Section 76A — Punishment for Contravention of Section 73 or 76
Section 76A Companies Act 2013: Penalties for illegal deposit acceptance — fines up to ₹10 crore on company and 7-year jail for officers. Ke
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