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Deposits under section 73

This query is : Resolved 
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(Querist)
02 March 2015 Can a Company take deposit from shareholders according to section 73 for this reason that Any amount brought in by the promoters themselves or their
relatives by way of unsecured loan in pursuance of a stipulation of
any lending institution on the promoters. Such exemption shall be
available only till the loans of the Financial Institutions are not
repaid and not thereafter.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
03 March 2015 dear arpit in stipulation of any lending agreement . Promoter have to took moneh in company from any spurce.
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