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Inter corporate deposits

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(Querist)
03 December 2011 Can any Private Ltd accept Inter Corporate Deposits ?
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
03 December 2011 Yes. private company can accept the deposit form inter corporates but keep in mind the provisions section section 58A and Companies (Acceptance of Public Deposit) Rules, 1975.

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