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Deposit in company
Does purchasing of shares can be considered as deposit?
Replies (3)
NO IT WILL BE CONSIDERED AS INVESTMENTS
yes it cannot be considered as deposit
The purchase of shares is not considered as deposit in the company. The deposit under Companies Act, 2013 defines deposits under section 2(31) as:
"deposit" includes any receipt of money by way of deposit or loan or in any other form by a company, but does not include such categories of amount as may be prescribed in consultation with the Reserve Bank of India.
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