banner_ad

Money brought by promoter cum directors of listed public co.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 October 2012 Dear Friends,

Pls advice me on following:

Money brought by promoters cum directors of a public listed company to repay loan to bank taken by a listed public company, will it be treated as unsecured loan or deposits?

Urgent reply will serve my purpose.
regards.

Raj
Profile Image

CA Suresh Jain

Profile Image

CA Suresh Jain (Expert)
02 October 2012 In my opinion it is a Deposit and Companies (Acceptance of Deposits) Rules, 1975 applies
Profile Image

CA Lokesh Pokharna

Profile Image

CA Lokesh Pokharna (Expert)
02 October 2012 https://www.caclubindia.com/experts/loan-from-directors-962330.asp#.UGqlmZg3sqM
Profile Image

CA Lokesh Pokharna

Profile Image

CA Lokesh Pokharna (Expert)
02 October 2012 https://www.caclubindia.com/forum/accepting-deposits-loans-from-directors-shareholder-187662.asp#.UGqlz5g3sqM
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details