Deposit from friend in company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2015
Hi Friends,
One of my friend started a new company with capital of Rs.10 Lakh but he want further Rs.6 lakh which he has taken from one of his friend at interest basis. But without asking he has taken this amount in cash and already deposited in account of company. Using this money for paying regular expenses of company. But income of the company is not started yet. Now what is the impact of it as per company law.
One of my friend started a new company with capital of Rs.10 Lakh but he want further Rs.6 lakh which he has taken from one of his friend at interest basis. But without asking he has taken this amount in cash and already deposited in account of company. Using this money for paying regular expenses of company. But income of the company is not started yet. Now what is the impact of it as per company law.
CS Divesh Goyal
(Expert)
07 August 2015
Professional,
This is default under the defination of Deposit under Companies Act, 2013.
This is default under the defination of Deposit under Companies Act, 2013.
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