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Loan by Individual to Private Limited company

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(Querist)
17 October 2021 Can a Private limited company accept loan from any individual other than directors, their relatives and shareholders?? If yes then whether it is considered as deposit or not??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 October 2021 No.
If accepted, will become deposit per Companies ( Acceptance of Deposit ) Rules,2014.

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