Deposits from share holders
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2013
Whether a private limited company is permitted to accept deposits from its shareholders or directors as per Companies Act 2013?
How to manage existing deposits from share holders of a private limited company.
How to manage existing deposits from share holders of a private limited company.
05 December 2013
Hi
As per new Companies Act, 2013 a company can accept unsecured loan from its director and it will not be treated as deposit.
But yes if it accepting deposits from members then it will cover under deposit section 73 of the Act.
As per new Companies Act, 2013 a company can accept unsecured loan from its director and it will not be treated as deposit.
But yes if it accepting deposits from members then it will cover under deposit section 73 of the Act.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2013
Thank you
05 December 2013
My Pleasure..........
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