As per the new companies act 2013 the difinition of private company as per section 2 (68) removes the clause d of the section 3 (1) (iii) of Companies Act 1956,
whether removal of clause d means not prohibiting acceptance of deposits from persons other than directors.
Please clarify
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O P Bagla & Co LLP
New Delhi
CA Inter
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Triveni Turbine Limited
Bengaluru
CA
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