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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????
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Sandeep Dharar

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Sandeep Dharar (Expert)
16 April 2014 No it cannot accept deposits from public. But can from Directors & Relatives.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 April 2014 @ Sandeep Ji

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

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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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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