Deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2018
When a private company is accepting deposit from members, within limit, is it also required to issue circular to members? As per my understanding consent of members is required to be obtained in general meeting for accepting deposits (in limits) and forms MGT 14 and DPT 3 have to be filed with ROC. DPT 3 will be filed as an attachment to GNL 2. Kindly advise if my understanding is correct.
18 December 2018
Clause (a) to (e) of Section 73(2) will not be applicable on Private Limited Company if deposit is up to 100% of paid up share capital, Free Reserve and security premium account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- ASMT-10 received from A O
- Traces submitting correction statement error
- Gst on travel by air for business purposes
- Average Cost Of High Quality Diamonds
- ITR-3 File/Error Found
- Taxability of credit in canara bank ET & T section (NRO)
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
