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Acceptance of Deposit from Director's Relative


24 May 2017 Please clarify whether company can accept Deposit from Director's Relative like father wife mother if they are shareholders of the company

24 May 2017 Private companies can accept deposits from its members to the extent of 100% of its paid up
capital and free reserves

24 May 2017 Please clarify whether Limited company can accept Deposit from Director's Relative like father wife mother




24 May 2017 yes. to the extent of 25% of paid up capital and free reserves & Full compliance of Deposit Rules

26 May 2017 Thank you CS Mitesh Mehta



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