The Ministry of Corporate Affairs introduced compliance for certain companies for reporting the ‘exempted deposits’. It requires a declaration of information by the auditor of the company. One of the important aspects of compliance is whether a particular transaction is an exempted deposit or not.

In Taxmann’s Webinar, Mr Pingle will discuss the following:

• Meaning of ‘deposit’ and ‘exempted deposits’ under the Companies Act, 2013
• Difference between ‘deposits’ and ‘loans’
• Applicability and non-applicability of the compliance
• Requirements for compliance
• Clause–by–clause analysis of each exempted deposit under the Rules
• Practical case studies w.r.t. deposits and exempted deposits