Acceptance of deposits from public by certain companies
Section 76 of the Companies Act, 2013 deals with acceptance of deposits from public by certain companies. Notwithstanding anything contained in section 73, a public company, having such net worth or turnover as may be prescribed, may accept deposits from persons other than its members subject to compliance with the requirements provided in sub-section (2) of section 73 and subject to such rules as the C The Act came into force on 01 Apr 2014.
(1) Notwithstanding anything contained in section 73, a public company, having such net worth or turnover as may be prescribed, may accept deposits from persons other than its members subject to compliance with the requirements provided in sub-section (2) of section 73 and subject to such rules as the Central Government may, in consultation with the Reserve Bank of India, prescribe:
Provided that such a company shall be required to obtain the rating (including its networth, liquidity and ability to pay its deposits on due date) from a recognised credit rating agency for informing the public the rating given to the company at the time of invitation of deposits from the public which ensures adequate safety and the rating shall be obtained for every year during the tenure of deposits:
Provided further that every company accepting secured deposits from the public shall within thirty days of such acceptance, create a charge on its assets of an amount not less than the amount of deposits
accepted in favour of the deposit holders in accordance with such rules as may be prescribed.
(2) The provisions of this Chapter shall, mutatis mutandis, apply to the acceptance of deposits from public under this section.
Section 76, The Companies Act, 2013 (Act 18 of 2013).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 1
Made under this section, and citing it
8 instruments state that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.
- G.S.R. NO. 663(E) The Companies (Acceptance of Deposits) Amendment Rules, 2022 dated 29.08.2022Rule 2022
- Commencement notificationNotification 2018
- Companies (Acceptance of Deposits) Amendment Rules, 2017Rule 2017
- pdf Companies (Acceptance of Deposit) Second Amendment Rules, 2017 (3382 KB)Rule 2017
- Companies (Acceptance of Deposits) Amendment Rules, 2016Rule 2016
- The Companies (Acceptance of Deposits) Second Amendment Rules, 2015Rule 2015
- Chapter V - The Companies (Acceptance of Deposits) Rules, 2014.Rule 2014
- The Companies (Acceptance of Deposits) Amendment Rules, 2014.Rule 2014
Another 7 instruments name this provision in its title or its text without being made under it.
- CARO 2020 dated 25.02.2020Order 2020
- Companies (Acceptance of Deposits)Rule 2018
- Companies (Acceptance of Deposits) Amendment Rules, 2018.Rule 2018
- Companies (Auditor's Report) Order, 2016Order 2016
- National Company Law Tribunal Rules, 2016Rule 2016
- The Companies (Auditor’s Report) Order, 2015Order 2015
- The Company Law Board (Fees on Applications and Petitions) Amendment Rules, 2014Rule 2014
Questions about Section 76
What does Section 76 of the Companies Act deal with?
Section 76 of the Companies Act is headed "Acceptance of deposits from public by certain companies". Notwithstanding anything contained in section 73, a public company, having such net worth or turnover as may be prescribed, may accept deposits from persons other than its members subject to compliance with the requirements provided in sub-section (2) of section 73 and subject to such rules as the C
How do I find court cases under Section 76 of the Companies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Companies Act 76, section 76 Companies Act, section 76 of the Companies Act. People searching for it also type companies act 76b and companies act 2 76. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 76 of the Companies Act, and has it changed?
Its own text turns on section 73 (Prohibition on acceptance of deposits from public), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it. The rules and notifications made under it are where it actually bites, and there are 8: most recently G.S.R. NO. 663(E) The Companies (Acceptance of Deposits) Amendment Rules, 2022 dated 29.08.2022 (2022), then Commencement notification (2018), and 6 more.
When did Section 76 of the Companies Act come into force?
Section 76 of the Companies Act, cited as Companies Act 76, came into force on 01 Apr 2014, having been enacted on 29 Aug 2013. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions5089 words
- 143. Powers and duties of auditors and auditing standards1867 words
- 230. Power to compromise or make arrangements with creditors and members1432 words
- 232. Merger and amalgamation of companies1416 words
- 149. Company to have Board of Directors1403 words
- 217. Procedure, powers, etc., of inspectors1390 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.