Deposit Rules 2014 and real estate deposit schemes
July 21, 2014
Property developers suffer from a perennial cash crunch and launch alluring schemes everyday. The Deposit Rules 2014 will help investors in this regard
Nivedita Shankar
The recent hype regarding the termination of jewellery instalment schemes and the newspaper advertisements put out in this regard, have made people realise that the concept of ‘deposit’ which was not taken seriously under Companies Act, 1956, can no longer be applied loosely.