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Loan from outsider


07 June 2019 Plz tell me whether a Private Limited Co./Public limited company can take Loan from an outsider ?

08 June 2019 Yes, but to comply section 73 and The Companies (Acceptance of Deposits) Rules, 2014.

10 June 2019 But section 73 provides that no company shall invite, accept or renew deposits under this Act from the public except in a manner provided under this Chapter
The chapter provides deposit from members by the private and public under section 73 and from public by eligible public company under section 76.
Then how can private company/ineligible public company accept deposit from public ?




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