Monday, April 7, 2014

[aaykarbhavan] Acceptance of Deposits by Private Limited Companies from its members/ shareholders under Companies Act 2013



Sir,


If a private company accepts deposits from its members/ shareholders, then will it be considered under the defintion of "Deposits" under Companies Act, 2013 or is it exempted? They have exempted only deposits received from directors in the Companies (Acceptance of Deposits) Rules, 2014.

Arpit


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