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Shreya Shah (Company Secretary)     13 April 2010

Rate of interest - SILA

Dear All,
 
Ours is an unlisted public company. We had filed Statement in lieu of advertisement (SILA) for acceptance of deposits pursuant to Section 58A & Companies (Acceptance of Deposit) Rules for our company on 23.02.2010. The rate of interest mentioned in the said SILA was 10% p.a..
 
Now the company intends to pay interest @11% p.a. In this case, do we again need to file SILA with the ROC. If no, then what are the necessary formalities to intimate the same to the ROC. Please advise.
 
Thanks & Regards,
Shreya Shah
 


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