Public deposit in a private company
This query is : Resolved
28 August 2011
a private company wants loans/funds from public but not on interest.
it has a scheme in which, if a person invest amount in company's any project, company will return his amount after 3 years and pay him some percentage of profit which it earned from that project.
can company do so?
if yes what the procedures?
company is in business of developing residential plot.
it has a scheme in which, if a person invest amount in company's any project, company will return his amount after 3 years and pay him some percentage of profit which it earned from that project.
can company do so?
if yes what the procedures?
company is in business of developing residential plot.
29 August 2011
Private companies are restricted to accept deposit from public otherwise the company will be deemed to public company.
31 August 2011
if the same company convert into public company (unlisted), then can it accept deposit from public on profit sharing basis?
or
is there any other way through which same company accept deposit from public on profit sharing basic?
or
is there any other way through which same company accept deposit from public on profit sharing basic?
07 August 2023
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
