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Acceptance of deposits

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(Querist)
12 March 2018 Can a Private Company accept Deposit from its members? If Yes/No Then Which are the Applicable Sections of Companies Act 2013?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
12 March 2018 Amount accepted from Shareholders of a Private Company is exempted to the extent of 100% of the net worth

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