Companies (Acceptance of Deposits) Rules, 1975 amended
THE Companies (Acceptance of Deposits) Rules, 1975 have been amended as under:
(i) in rule 2, in clause (b), for sub clause (x), the following sub-clause shall be substituted, namely:-
"(x) any amount raised by the issue of bonds or debentures secured by the mortgage of arty fixed assets referred to in Schedule VI of the Act excluding intangible assets of the company or with an option to convert them into shares in the company:
Provided that in the case of such bonds or debentures secured by the mortgage of any fixed assets referred to in Schedule VI of the Act excluding intangible assets the amount of such bonds or debentures shall not exceed the market value of such fixed assets";
(ii) for rule 11A, the following rule shall be substituted, namely:-
"The Regional Director or Registrar of Companies or any other officer of the Central Government shall be authorised to make complaints under sub-section (2) of section 58AAA of the Act.".
MCA Notification No Dated March 21, 2013.