What are the legal formalities requird

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Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2013 A pvt ltd co.
Wanted to take public deposits at a specified interest.
And use that funds in real estate business.

Ajay Mishra (Expert)
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06 December 2013 Hi

I will suggest you to read section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposits) Rules, 1975.

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