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Unsecured loan from relative of director


17 February 2015 Dear sir,
our company has taken loans from relatives of director before the commencement of the act 2013 says Rs. 100000/-, whether the company has to file DPT-4 as per section 74 of the companies act?

17 February 2015 No. However, renewal is not possible.
If you file DPT 4 ( was required to be file by the end of first quarter) then you will have to repay deposit by 31/03/15

21 February 2015 thanks sir, but as per section 74 this amount covered under deposits as it is loan any circular regarding the same.




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