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Acceptance of deposit

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(Querist)
19 October 2016 What is the procedure for acceptance of deposit from members in case of a pvt co.?
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c.bakshi

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c.bakshi (Expert)
23 October 2016 a pvt company is not allowed to accept deposit from general public except from Director or their relatives. for better clarification, refer to Companies (Acceptance of deposit rules, 2014)

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