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dealers deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2011 Can ayone tell me deposit received by dealer's come under the defination of deposit under company law? the deposits are like security deposit with the company or advance against goods purchase.
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
11 February 2011 Deposit from dealers does not come under the definition of 58A of the Companies AC and Companies(Acceptence of Deposir s) Rules, 1975

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