09 January 2010
Can a public unlisted company accept deposits from its managing director? and if it can then what all are the requirements to be complied with under the companies act 1956? Please help
10 January 2010
And do we have to comply with sections relating to loans from directors? and please let me know what is the amendment in the deposit rules made in 2002?
11 January 2010
I went through the deposit rules 1975, in that the deposits accepted from a director is excluded from the definition of depoits.I am not sure whether the rules are to be complied with if money recived from directors is not a deposit.Please help.
CAclubindia
