MCA has further extended the timelines till Dec 31, 2929 for creating the deposit repayment reserve of 20% of deposits maturing during the financial year 2020-21. Also the requirement under rule 18 of the Companies (Share Capital & Debentures) Rules, 2014 to invest or deposit at least 15% of amount of debentures maturing in specified methods of investments or deposits is also extended till Dec 31, 2020.MCA has further extended the timelines till Dec 31, 2929 for creating the deposit repayment reserve of 20% of deposits maturing during the financial year 2020-21. Also the requirement under rule 18 of the Companies (Share Capital & Debentures) Rules, 2014 to invest or deposit at least 15% of amount of debentures maturing in specified methods of investments or deposits is also extended till Dec 31, 2020.taxmann.com Latest Statutory HappeningsRead More
