Deposits


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 April 2014 can a private ltd co can accept deposits????

16 April 2014 No it cannot accept deposits from public. But can from Directors & Relatives.

16 April 2014 @ Sandeep Ji

Pvt company can't accept from 'relatives' as per Companies Act,2013.

Rupesh Jain (Expert)
17 April 2014 yes pvt co, can not accept the loan.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2014 okk. but is there any solution to accept funds from our clients.

19 April 2014
Please see rule 2(xii) of Companies (Acceptance of (deposits) Rules, 2014 published on 31.3.2014 per Companies Act,2013.


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