Acceptance of deposit by pvt. ltd. co.

This query is : Resolved 

10 September 2012 Can a Private Ltd Company accepts deposits from its employee, their friends and relatives for short period of 3 months under Acceptance of Deposits Rules 1975?

Thanks & Regards,
Shital

10 September 2012 Companies (Acceptance of Deposit) Rules, 1975 does not apply on Private Companies.

Private company may take unsecured loans.

11 September 2012 Check out companies AA before the same.




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