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Director's borrowed funds before 31 march 2014

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(Querist)
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.
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Arun Biyani

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Arun Biyani (Expert)
06 January 2015 Please go thru the Acceptance of Deposit rules..
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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