Kindly your suggestion
Chettupuzha Alice Jewelry (Accountnat) (24 Points)
03 January 2016
Can Proprietorship collect deposit as unsecured loan from public?
3 Replies
sathyanarayanan
(advocate)
(62 Points)
Replied 26 January 2016
It should not,as per sebi .read sahara case.
sathyanarayanan
(advocate)
(62 Points)
Replied 26 January 2016
It should not,as per sebi .read sahara case.
CA CMA CS Ram Pavan Kumar Melam
(CA)
(6980 Points)
Replied 01 February 2016
Only banks, NBFCs are allowed to collect deposits from the public. An individual or firm an unincorporated association of individuals shall, accept any deposit as per section 45S of RBI Act.
Recent Topics
- Security services RCM Body Corporate
- GST and income tax for freelancers
- Association of Persons (AOP) agreement format requ
- I passed CA inter Group2 under the wrong gender
- Additional place of business to change as main pla
- Section 142[1] of IT Act notice
- Document for address proof for change of address i
- Investment after maturity can convert as capital
- GST basics for a freelancer
- UNSECURED NCD BY NBFC
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
