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Taking deposit in private limited company

This query is : Resolved 

09 August 2017 Sir/Madam,Please guide me can I taking deposits from Public like Director Friends/Relatives , Employee of the concern Pvt ltd company ?

10 August 2017 No you cannot

10 August 2017 pvt company can take money from its directors and shareholders only and not other than the two. exemption is granted to a pvt company




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