Under Section 73 read with the Companies (Acceptance of Deposits) Rules 2014, deposits accepted by a company must have a minimum period of 6 months and a maximum period of 36 months (3 years). Deposits accepted for renewal may be renewed for a further maximum period of 3 years; deposits accepted for less than 6 months are permissible only if they do not exceed 10% of the company's paid-up capital and free reserves and are accepted for meeting short-term requirements.