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Acceptance of deposit by pvt. ltd. co.

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(Querist)
10 September 2012 Can a Private Ltd Company accepts deposits from its employee, their friends and relatives for short period of 3 months under Acceptance of Deposits Rules 1975?

Thanks & Regards,
Shital
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
10 September 2012 Companies (Acceptance of Deposit) Rules, 1975 does not apply on Private Companies.

Private company may take unsecured loans.
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CA VISHNU GAVKARE

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CA VISHNU GAVKARE (Expert)
11 September 2012 Check out companies AA before the same.
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