24 May 2016
According to section 73 of the Companies Act 2013, Private Company can accept the deposits from the director but not from his personal borrowing. Director has to file declaration that loan has to be given to private Company but not out of his personal borrowings from others.
25 May 2016
Pl see https://docs.google.com/viewer?a=v&pid=forums&srcid=MTc5MTQwNjAwMTkzNzM4MjIwODMBMDA5MzIyNjQ3NzMzNjAxNTgwNzMBVkZqT3JCNExkR2dKATAuMQEBdjI
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