a) MCA vide general circular 34/2020 dated September 29, 2020 has issued 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/s 18 of Companies (Share Capital and Debenture) Rules, 2014.

b) In continuation to General Circulars No. 11/2020 dated 24th March, 2020 and 24/2020 dated 19.06.2020, it has been decided to further extend the time in respect of matters referred to in para V, VI of the aforesaid circular dated 24.03.2020 from 30th September, 2020 to 31st December, 2020.