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Procedure to receive unsecured deposit from director of pvt ltd company

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Sarang S. Gholse (Querist)
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03 March 2015 We have formed a Pvt Ltd company with two directors only who are shareholders only. Paid up share capital is 3 lakh rs only. Now we want to bring in 50 lakh rs from director (ourself) as unsecured deposit. Please give detailed procedure for the same. Is it required to file the same with ROC with complex procedure?

CS JAY GOHIL

CS JAY GOHIL (Expert)
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04 March 2015 no there is no requirement of filling of any documents with ROC because amount received from director is exempted form deposit rule sec 73 of companies act 2013

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