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Limit on acceptance of deposits

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2015 Hi..

The limit of acceptance of deposit for a non-eligible company (as per the Companies Act, 2013) is 25% of aggregate of paid-up share capital and free reserves.

Is this limit only for acceptances from members? Or is it inclusive of acceptances from directors as well?

If the specified limit is only for acceptances from members, then what about acceptances from directors? Isn't there any limit as such?

Please guide.

Thanks in advance
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Amol S Joglekar

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Amol S Joglekar (Expert)
11 February 2015 the limit is OVERALL limit.
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