Acceptance of deposits


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2015 A private company accepted deposits from partnership firm in which one of partner is shareholder and director in the company. please let me know whether company can accept deposits from a partnership firm in which a director is a partner?

09 April 2015 Company cannot accept such type of deposits with out complying with the provisions of section 73 of the Companies Act,2013 read along with Companies (Acceptance of Deposits) Rules,2014.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2015 Thanks Sir. please also guide that a pvt co. can accept borrowings only from its directors by having declaration from the director that he has not borrowed funds from other.

09 April 2015 Yes borrowings from directors with declaration or ICDs only


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details