Director's borrowed funds before 31 march 2014
This query is : Resolved
06 January 2015
Director has borrowed funds from his wife and put in to the company. Will it be considered deposits under companies act 2013.Does the company need to mention that in DPT 4.
06 January 2015
Please go thru the Acceptance of Deposit rules..
06 January 2015
It will be considered as a DEPOSIT u/s 73 of the Companies Act,2013. Inference is from corollary to rule 2(1)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014.
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