Borrowing Money
Abhishek Selvam O (374 Points)
19 April 2020
Can a company borrow money from shareholders.
3 Replies
Harish choursiya
(Student cs professional )
(249 Points)
Replied 19 April 2020
There are various mode to accept money from members of the Companies by way of right issue, private placement, preferential issue.
Another way accept money by way of deposit subject to limit as provided in rule 3 of deposit rules.
Compliance pass Board Resolution
Pass ordinary resolution subject to limit of section 180(1)(c)
Comply deposit chapter compliance
Like filing circular before issuing to members or newspaper advertisement.
Maintain record of deposit
Acknowledge the receipt of money as deposit to deposit holder.
This is based on my personal understanding of the provisions of the Companies Act, 2013
Harish choursiya
(Student cs professional )
(249 Points)
Replied 19 April 2020
There are various mode to accept money from members of the Companies by way of right issue, private placement, preferential issue.
Another way accept money by way of deposit subject to limit as provided in rule 3 of deposit rules.
Compliance pass Board Resolution
Pass ordinary resolution subject to limit of section 180(1)(c)
Comply deposit chapter compliance
Like filing circular before issuing to members or newspaper advertisement.
Maintain record of deposit
Acknowledge the receipt of money as deposit to deposit holder.
This is based on my personal understanding of the provisions of the Companies Act, 2013
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