Deposit from director
This query is : Resolved
29 June 2016
How much money can be accepted by a private company as deposit from directors, and member, share holders?Is the limit 100 of paid up share capital and resrves and surplus plus security premium or any amount they wish.is it applicable to major and minor share holders defacto
29 June 2016
Is it about loan or deposit?
30 June 2016
ACCORDING TO SECTION 73(2), A PRIVATE COMPANY CAN ACCEPT UPTO 100% OF AGREGATE OF PAID UP SHARE CAPITAL AND FREE RESERVES FROM MEMBER AND CAN ACCEPT ANY AMOUNT OF DEPOSIT FROM DIRECTOR WITHOUT ANY LIMIT SUBJECT TO CONDITION THAT DIRECTOR SHALL FILE DECLARATION THAT AMOUNT HAS NOT BEEN GIVEN BY DIRECTORS TO COMPANY OUT OF HIS PERSONAL FUNDS
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
