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ACCEPTENCE OF DEPOSITS BY PRIVATE COMPANY

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07 December 2009 If any private comp. has accepted deposits from a partnership firm in which its director of member has substantial interest
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Ankur Garg

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Ankur Garg (Expert)
07 December 2009 A private company can accept deposit directly from its member and directors. However such private company can not accept deposit from partnership firm as required by section 3(1)(iii)(d).

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