The following things are not deposits henceforth.

  • Now we can issue compulsorily convertible debenture up-to 10 years.
  • NCD unsecured listed at stock exchange.
  • Now it should be non interested bearing received and held trust.
  • Advance received for providing services in form of  warranty or maintenance contract. the services should be provided as per common business practice or within 5 years whichever is less.
  • Amount received from sectoral regulatory as per instruction of Govt.
  • Advance received by the publishers.
  • Subscription amount received by the Chit Companies.
  • Amount received by the collective investment scheme as SEBI.
  • Amount received by start-up companies Rs. 25 lakhs or above by issuing convertible note into equity or refundable.
  • Amount received by a company from alternative investment funds/ domestic venture capital funds/mutual fund registered with SEBI.

Companies (Acceptance of Deposits) Amendment Rules, 2016 – Click here to view Rules