Acceptance of deposit...!!!
This query is : Resolved
25 March 2015
If A Ltd. accepts advance from B Ltd. & it is outstanding since 5 years as an advance for the supply of goods. Whether section 74 of Companies Act, 2013 applicable?
Exclusion states
any amount received by a company from any
other company
Exclusion states
any amount received by a company from any
other company
25 March 2015
Inter corporate deposit is not covered in the definition of deposit..
Pls check the definition of deposit as defined under deposit rules.
Accordingly, section 74 has no application
Pls check the definition of deposit as defined under deposit rules.
Accordingly, section 74 has no application
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