Accept deposits from members: circular, deposit insurance, trust deed, maintain liquid assets
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Confirm company is eligible to accept deposits under Companies (Acceptance of Deposits) Rules.
Board approves acceptance of deposits.
Issue deposit circular containing terms and conditions.
Arrange deposit insurance as per rules.
Execute trust deed with deposit trustee.
Accept deposits and issue receipts. Maintain 15% of maturing deposits in liquid assets.
File annual return of deposits.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.