Return of deposits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2013
My client has taken an X amount as unsecured loan for a period of 2 years. The amount does not exced 10% of the free reserves.
My query is in the return of deposits where do I mention such amount.
The other query is some amount has been borrowed from realtives of directors and shreholders. How do I mention this amount in return of deposit.
Opinion required at the earliest. LAST DATE OF FILING 30/06/2013
My client has taken an X amount as unsecured loan for a period of 2 years. The amount does not exced 10% of the free reserves.
My query is in the return of deposits where do I mention such amount.
The other query is some amount has been borrowed from realtives of directors and shreholders. How do I mention this amount in return of deposit.
Opinion required at the earliest. LAST DATE OF FILING 30/06/2013
20 June 2013
In case of Deposits from Shareholders, it should be disclosed in the first part, other deposit are to be disclosed in the second part.
Exempted deposits are to be disclosed separately.
Exempted deposits are to be disclosed separately.
20 June 2013
Categorized the deposit accepted and read the wording of Companies (Acceptance of Deposit) Rules, 1975, it will be very easy to fill the return of deposit.
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