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Querist : Anonymous

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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
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CA VISHWAKEERTHI.P.S.

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CA VISHWAKEERTHI.P.S. (Expert)
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
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