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MCA issues clarification with regard to creation of deposit repayment reserve of 20% u/s. 73 of Cos. Act

June 22, 2020
ln continuation to General Circular No. 1112020 dated 24th March 2020 and keeping in view the requests received from various stakeholders seeking extension of time for compliance of the subject requirements on account of covid-19, it has been decided to further extend the time in respect of matters referred to in paras V , Vl of the circular, from 30th June 2020 to 30th September 2020.
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