Clarification with regard to creation of deposit repayment reserve of 20% u/s. 73 (2) (C) of the companies Act 2013 and to invest or deposit 15% of amount of debentures u/r.18 of Companies (Share capital and Debentures) Rules 2014 – COVID-19 -Extension of time-regarding

The Central Government has extended the due date from 30^th June, 2020 to 30^th September, 2020 for creation of deposit repayment reserve of 20% under section 73 (2) (c) of the Companies Act, 2013 and to invest or deposit 15% of amount of debentures under Rule 18 of Companies (Share Capital and Debenture) Rules, 2014.

[Source: General Circular No. 24/2020 dated 19^th June, 2020]