I’m looking for a practical draft of an Advance Against Job Work Services Agreement,
structured to stay outside the definition of “deposit” under the Companies Act, 2013 and Deposit Rules.
Key points I’m focusing on:
Inter-corporate business advance exclusion (Rule 2(1)(c)(vi))
Clear linkage with identified job work/services and appropriation within 365 days
Refund triggers where services/approvals are not completed, to avoid deemed deposit issues
DPT-3 reporting clarity as a non-deposit transaction
If anyone has worked on a similar agreement, clause checklist, or board resolution, would appreciate your guidance or a reference draft.
Thanks in advance.
Lokesh Mehra