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private company can accept deposit without advertisment?

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Guest

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Guest (Querist)
17 June 2010 private company can accept deposit without advertisment from any person who is self interested in that ?it is compulsory for this to become a member or director or relatives in that company.?
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Rasesh

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Rasesh (Expert)
18 June 2010 Private Limited Company can accept deposits only from members, directors and their relatives.

From no other person, can a deposit be obtained.
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