I have one query, Plz reply for the same at your earliest...
A private limited company wants to accept deposit U/s 73 of the companies act, 2013. As per companies (acceptance of deposits) Rules, 2014 the Rule 2 (1)(c) defines the deposit as " deposit includes any receipt of money by way of deposit or loan or in any other form, by the company, but does not include the following ....
(xi) "any non - interest bearing ammount received or held in trust."
what is the interpretation of the above sentence?,
and as per above sentence if the company can bring non interest bearing amount, then the company cant take unsecured loan ( non interest bearing) from ousiders or directors at unlimited extent and
is there no limit of unsecured loan (non interest bearing) from the outsiders or directors?
and also guide me, that if private limited comapny wants to bring money as an unsecured loan than what are the other ways for bringing the money in the comany ? as in the companis act 1956 there is no limitation for unsecured loan frommembers,directoersand their relatives but in companis act 2013 there is restriction as per secction 73.
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