Limit on acceptance of deposits
This query is : Resolved
Querist : Anonymous
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
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
11 February 2015
the limit is OVERALL limit.
.
.
.
.
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