Loans from individual.
Querist : Anonymous
Querist : Anonymous
As per rule 3(2) a company may accept deposits from the public upto the following limits subject to fulfillment of the conditions of the Companies (Acceptance of Deposit) Rules, 1975:—
(a) upto 10% of its paid-up capital and free reserves from its shareholders (other than a shareholder in a private company). These deposits may also include any deposit from any person guaranteed by a director of the company or against unsecured debenture issued by a company;
(b) upto 25% of the paid-up capital and free reserves of the company from public.
Querist : Anonymous
Querist : Anonymous
loan is under the limits provided in the rules, does co. needs to advertise about the same?
Querist : Anonymous
loan is under the limits provided in the rules, does co. needs to advertise about the same?
Querist : Anonymous
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