private company can accept deposit without advertisment?


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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.?

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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