# Issuance of Circular / Advertisement [Rule 4]
The nature of the document differs based on whether the company is not an eligible company (member deposits) or an eligible company (public deposits).
## A. Company OTHER than Eligible Company (Member Deposits)
- Issue circular in Form DPT-1 to all members by:
- Registered post with acknowledgement due, OR
- Speed post, OR
- Electronic mode.
- Optional publication in:
- English newspaper (English language), and
- Vernacular newspaper (vernacular language),
having wide circulation in the State of registered office.
- Statutory Auditor's Certificate attached to DPT-1 stating: no default in repayment of deposits/interest. If there was a default, it must have been made good and 5 years must have elapsed since the cure date.
- Authority of the Board of Directors.
- Filing with Registrar: At least 30 days before issue, file copy duly signed by majority of directors (or their authorised agents) with the ROC.
## B. Eligible Company (Public Deposits)
- Issue circular in the form of an ADVERTISEMENT in Form DPT-1.
- Mandatory publication in:
- English newspaper (English) AND
- Vernacular newspaper (vernacular language),
both with wide circulation in the State of registered office.
- If the company has a website → circular shall be placed on the website.
- Authority and name of the Board of Directors.
- Filing with Registrar: At least 30 days before issue, file with the ROC signed by majority of directors.
### Validity of the Advertisement
Valid till the earliest of:
- (a) 6 months from closure of the financial year in which it was issued, OR
- (b) Date on which financial statements are laid before the AGM (or latest day on which the AGM ought to have been held if not actually held).
### Fresh Advertisement
- A fresh advertisement must be issued in each succeeding financial year for inviting deposits in that year.
### Issue vs Effective Date
- Date of issue of advertisement = date the ad appeared in the newspaper.
- Effective date of circular = date the circular was dispatched.
## Quick Compare
| Item | Non-Eligible (Members) | Eligible (Public) |
|---|---|---|
| Form | DPT-1 circular | DPT-1 advertisement |
| Distribution | Registered/speed post / e-mode | Mandatory newspaper + website |
| Newspaper | Optional | Mandatory (English + vernacular) |
| Filing with ROC | ≥30 days before issue | ≥30 days before issue |
| Validity | Same logic (FY based) | 6 months / AGM date — earliest |