Compsnies Act

This discussion clarifies the applicability of Sections 73-76 of the Companies Act 2013 concerning the acceptance of deposits, including loans. While these sections generally apply to companies borrowing money, they exclude specific entities like banking companies, NBFCs, and others designated by the government or RBI. The definition of a deposit under Section 2(31) is broad, but certain categories, such as loans from other companies, may be excluded under Rule 2(c)(vi).