Money brought by promoter cum directors of listed public co.
This query is : Resolved
02 October 2012
Dear Friends,
Pls advice me on following:
Money brought by promoters cum directors of a public listed company to repay loan to bank taken by a listed public company, will it be treated as unsecured loan or deposits?
Urgent reply will serve my purpose.
regards.
Raj
Pls advice me on following:
Money brought by promoters cum directors of a public listed company to repay loan to bank taken by a listed public company, will it be treated as unsecured loan or deposits?
Urgent reply will serve my purpose.
regards.
Raj
02 October 2012
In my opinion it is a Deposit and Companies (Acceptance of Deposits) Rules, 1975 applies
02 October 2012
https://www.caclubindia.com/experts/loan-from-directors-962330.asp#.UGqlmZg3sqM
02 October 2012
https://www.caclubindia.com/forum/accepting-deposits-loans-from-directors-shareholder-187662.asp#.UGqlz5g3sqM
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