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Acceptance of deposits

This query is : Resolved 
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(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
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Shashikant Sharma

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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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