CS
2942 Points
Joined April 2016
According to section 73 of companies Act, a Private Company can accept deposits from members upto 100% of agregate of paid up share capital and free reserves and it shall be allowed to be taken from directors without any such limit, however director has to furnish declaration with the companyat the time of being money given to the Company that amount is not being given out of the funds aquired by him by borrowing or accepting loans or deposits from others