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MCA_Circular No. 34_29th September, 2020_Clarification on creation of reserves.

MCA has further extended the date to comply with the requirement under section 73(2)(c) of CA 2013 to create the DRR of 20% of deposits maturing andĀ  under rule 18 of the Companies (Share Capital & Debentures) Rules, 2014 to invest or deposit at least 15% of amount of debentures maturingĀ  during the financial year 2020-21 from 30th September, 2020 to 31st December 2020.

The said Circular can be accessed through the following link: MCA_Circular 34_29.09.2020_Clarification on creation of reserves

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