Deposits from share holders

Private Limited Companies can accept deposits from its members by complying with section 73 of the Companies Act, 2013

Both the view are correct. Amount received from member is treated as public deposit under secction 73.. Hence, if the company wants take the money from shareholders, then need to comply with section 73 read with relevant rules.

If the amount is exempted, then the compliance of section 73 is not  required. Say amount recevied from director is not a deposit subject to certain restriction.