Acceptance of deposits by producer company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2017
Can a producer company accept deposits from farmers other than members of the producer company?. The Deposit will be repaid along with interest.
30 September 2017
I think above said way is not deposit... It's loan for interest...
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2017
They have taken it as a membership fees which they will return alongwith profit if any they will earn out of that money
01 October 2017
if it is membership fee, then why are you calling it to be DEPOSIT?
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