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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2014
When Individual or Company are giving Advance to One Limited Co. then Which Provision are need to Apply & Whether it covered in Public Deposit or Inter Corporate Deposit
05 October 2014
You are correct .
IF company received any deposit from individual other than director it treated as public deposits
and
When company received any amount from another company its inter corporate deposits.
Refer 73 to 76 of companies act
IF company received any deposit from individual other than director it treated as public deposits
and
When company received any amount from another company its inter corporate deposits.
Refer 73 to 76 of companies act
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