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CIRCULAR OR CIRCULAR IN THE FORM OF ADVERTISEMENT INVITING DEPOSITS

orm of advertisement shall contain the following: 1. GENERAL INFORMATION (a) Name, address, website and other contact details of the company; (b)Date of incorporation of the company; (c)Business carried on by the company and its subsidiaries with the details of branches or units, if any; (d)Brief particulars of the management of the company; (e)Names, addresses, DIN and occupations of the director .....

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and amount of deposit proposed to be raised and amount of deposit repayable within the next twelve months; (e) Terms of raising of deposits : Duration, Rate of interest, mode of payment and repayment; (f) Proposed time schedule mentioning the date of opening of the Scheme and the time period for which the circular or advertisement is valid; (g) Reasons or objects of raising the deposits; (h) Credi .....

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e depositors, of interest accrued on deposits. 4. FINANCIAL POSITION OF THE COMPANY (a) Profits of the company, before and after making provision for tax, for the three financial years immediately preceding the date of issue of circular or advertisement; (b) Dividends declared by the company in respect of the said three financial years; interest coverage ratio for last three years (Cash profit aft .....

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d the default; (b) the board of directors have satisfied themselves fully with respect to the affairs and prospects of the company and that they are of the opinion that having regard to the estimated future financial position of the company, the company will be able to meet its liabilities as and when, they become due and that the company will not become insolvent within a period of one year from .....

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