Titan to accept deposits for jewellery purchase

The Board of Directors of Titan Company have given their approval for inviting customers to make deposits for jewellery purchase, as per the Companies (Acceptance and Deposits) Rules, 2014, reports say. The company informed the Bombay Stock exchange of the same, reports say. Sometime earlier this year, owing to the new regulations of the Companies Act 2014, which regarded deposits over 12 months to be considered as public deposits, saw many jewellery companies withdrawing their gold investment schemes.