Acceptance of deposits
This query is : Resolved
Geetha Ltd.
(Querist)
16 July 2014
SIR,
we have term loan at SBI,
according to new rule
acceptance of deposit /loans from share holder is permissable
pl clarify.
geetha
SIR,
we have term loan at SBI,
according to new rule
acceptance of deposit /loans from share holder is permissable
pl clarify.
geetha
Shashikant Sharma
(Expert)
17 July 2014
For the purpose of acceptance of deposit from shareholder special resolution is mandatory and also follow the procedure laid down in section 73(2) of the Companies Act, 2013.
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