Ch 3 · Acceptance of Deposits (Sec 73-76)

📘 Core concepts

1. 1Deposit excludes: share application money, loan from director, banks, govt, related party loan to private cos.
2. 2Private company: deposits from members up to 100% of paid-up capital + free reserves + securities premium.
3. 3Public company eligible to accept public deposits if net worth ≥ ₹100 cr or turnover ≥ ₹500 cr (Sec 76).
4. 4DPT-3 — annual return of deposits filed with ROC by 30th June.
5. 5Deposit Repayment Reserve Account: 20% of deposits maturing in next year (Sec 73(2)(c)).